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Photozou Holdings, Inc.: material weakness open at least 2,159 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Photozou Holdings, Inc. reported ineffective internal control over financial reporting because of a material weakness in 5 filings since Mar 16, 2021. It stated one or more material weaknesses in 13 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-K for the period ended Nov 30, 2024.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11141

Causes the company named

Segregation of duties · 18Entity-level and governance · 18Accounting expertise and resources · 2

Single individual domination without compensating controls and inadequate segregation of duties due to limited resources.

What the latest filing says

matters involving internal controls and procedures that our Chief Executive Officer considered to be material weaknesses under the standards of the Committee of Sponsoring Organizations of Treadway Commission were: domination of management by a single individual without adequate compensating controls, lack of a majority of outside directors on board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; inadequate segregation of duties consistent with control objectives, and lack of an audit committee. The Company believes that the material weaknesses are due to the Company’s limited resources. Our Chief Executive Officer and Chief Financial Officer, Koichi Ishizuka, believes that the material weaknesses did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and inadequate segregation of duties results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a materia [...]

From the controls section of the 10-K filed Mar 30, 2026. Read the full filing on SEC EDGAR.

Company response: Photozou Holdings, Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Photozou Holdings, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.