Illegal dividends exceeding distributable amounts, a special investigation and voluntary executive compensation refunds
First written in FY2025. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Risk Management and Compliance Committee is chaired by the Representative Director and President and comprises full-time Directors, Executive Officers and members appointed by the Chair. With the compliance function serving as its secretariat, the committee investigates the root causes of misconduct, considers measures to prevent recurrence and occurrence, and deliberates on activity policies for risk management and policies for selecting and addressing material risks.」
As measures taken following the unlawful dividend disclosed in the previous fiscal year, described the control framework, including investigation of the causes of misconduct, measures to prevent recurrence and occurrence, internal reporting, and deliberations by the RMC Committee. The disclosure does not state that the matter itself has been resolved. - FY2025First statedAnnual report
「To clarify responsibility for the unlawful dividend paid in excess of the distributable amount that came to light during the fiscal year, the following voluntary returns of executive compensation were made in September 2024. Representative Director: 1 person, voluntary return equivalent to 20% of the previous monthly compensation for 2 months; Directors: 2 people, voluntary return equivalent to 10% of the previous monthly compensation for 1 month.」
For the first time, disclosed the discovery of an unlawful dividend paid in excess of the distributable amount, costs related to the special investigation, and the voluntary return of compensation by the Representative Director and Directors.