Governance structure
Company with an Audit & Supervisory BoardThe Representative Director and President and the Director in charge of the Corporate Headquarters will each voluntarily forgo 20% of their monthly compensation for 6 months. The Director in charge of the Corporate Headquarters expressed an intention to leave office upon the expiration of his term at the next General Meeting of Shareholders. Measures to prevent recurrence are being formulated.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 6 (including 1 outside director) |
| Changes this time | The Representative Director and President and the Director in charge of the Corporate Headquarters will each voluntarily forgo 20% of their monthly compensation for 6 months. The Director in charge of the Corporate Headquarters expressed an intention to leave office upon the expiration of his term at the next General Meeting of Shareholders. Measures to prevent recurrence are being formulated. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company takes seriously the substantial outflow of company funds caused by fraudulent transfers and will clarify management's responsibility. The investigation pointed to problems with the employee's having believed the fraud and made the transfer, as well as with online banking authority settings, the accounting structure and internal controls over fund transfers.