Restoring corporate value and stakeholder trust

「We promoted strategies for the sustainable growth of the TAKADA Group and the enhancement of corporate value over the medium to long term by steadily implementing each initiative based on the basic policies set out in the Fifth Medium-Term Management Plan, with the realisation of the “Medium- to Long-Term Outlook,” for which around 2030 is the milestone, as our goal.」

「As a group, we will steadily implement the initiatives under the newly formulated Fifth Medium-Term Management Plan, enhance organisational vitality for growth, strengthen and expand our existing plant business, and accelerate our efforts in new businesses.」

「During the consolidated fiscal year, we made it our top priority to enhance corporate value while thoroughly embedding and operating the measures formulated in the previous consolidated fiscal year to prevent the recurrence of inappropriate accounting practices and transactions.」

「Under these circumstances, the Group is working with the improvement of corporate value as its top priority by thoroughly embedding and operating measures to prevent recurrence of the inappropriate accounting treatment and transactions identified in the previous consolidated fiscal year.」

「Under these circumstances, the Group is working with the improvement of corporate value as its top priority by thoroughly embedding and operating measures to prevent recurrence of the inappropriate accounting treatment and transactions identified in the previous consolidated fiscal year.」

「Under these circumstances, the Group is working with the improvement of corporate value as its top priority by thoroughly embedding and operating measures to prevent recurrence of the inappropriate accounting treatment and transactions identified in the previous consolidated fiscal year.」

「The Group took seriously the recommendations on measures to prevent recurrence based on the facts established and the cause analysis conducted by the Independent Committee, and on 30 August 2016 formulated specific measures to prevent recurrence of inappropriate accounting treatment and transactions. The Group is working to respond swiftly and appropriately to improve its corporate value.」

「The company took seriously the recommendations on measures to prevent recurrence based on the facts established and the cause analysis conducted by the Independent Committee, and on 30 August 2016 formulated measures to prevent recurrence of inappropriate accounting treatment and transactions. These measures are forward-looking, not constrained by the past, and based on fundamental principles. The company is working to implement and embed them reliably and promptly improve corporate value.」

「The Group took seriously the recommendations on measures to prevent recurrence based on the facts established and the cause analysis conducted by the Independent Committee, and formulated specific measures to prevent recurrence as stated in the notice dated 30 August 2016, “Notice Concerning the Formulation of Measures to Prevent Recurrence of Inappropriate Accounting Treatment and Transactions.” In addition, at the extraordinary general meeting of shareholders held on 2 September 2016, a new board structure was approved to promote the prevention of recurrence and the rebuilding of the company-wide management system. Under this structure, the company is responding swiftly and appropriately to restore its corporate value.」

「The Group will strengthen its internal control system and work across the company to thoroughly prevent recurrence in order to ensure that no such misconduct occurs again and to restore social credibility and trust.」

「Specific measures to prevent recurrence will be promptly announced once formulated. Based on the recommendations of the Independent Committee, including “reforming the awareness of the company’s officers and employees,” “establishing a rational management system suited to the actual circumstances of each location,” “improving and strengthening the head office’s management and control functions,” and “establishing order-taking and procurement processes that prevent inappropriate accounting treatment and transactions,” the Group will work to restore the trust of stakeholders, including shareholders, investors, customers and business partners, and will respond swiftly and appropriately to restore the Group’s corporate value.」