Receipt of the Special Investigation Committee's Investigation Report and Future Response
AIR WATER INC. and the Group
Company response
Special Investigation Committee. The Management Reform Committee will consider and deliberate on the matter based on deliberations and recommendations by external experts.
Formulate and implement detailed measures to prevent recurrence.
The Company plans to clarify the responsibility of the parties involved and take disciplinary action against them. The details of the disciplinary action will be promptly disclosed once decided.
Prior fiscal years and the third quarter of the fiscal year ending March 2026 (the impact of the additionally identified matters is expected to be reflected)
Related procedures
Investigation by the Special Investigation Committee
After completing additional self-inspections, the audit firm's prior-period correction audits and interim review, the Company will make corrected disclosures of correction reports and earnings releases for prior fiscal years reflecting the impact of the additionally identified matters, and disclose the earnings release for the third quarter of the fiscal year ending March 2026. The Company will formulate and implement detailed measures to prevent recurrence.
The investigation report will be promptly disclosed after information has been partially redacted. The announcement date of the earnings release for the third quarter of the fiscal year ending March 2026, the details of disciplinary action against the parties involved, and the details and progress of the measures to prevent recurrence will be promptly disclosed once decided.
| Item | Details |
|---|---|
| Event name | Receipt of the Special Investigation Committee's Investigation Report and Future Response |
| Date of occurrence | 31 March 2026 (the date on which the investigation report was received from the Special Investigation Committee) |
| Date recognized / date notice received | 31 March 2026 (the date on which the investigation report was received from the Special Investigation Committee) |
| Subject Entity | AIR WATER INC. and the Group |
| Accounting period in which recognized | Prior fiscal years and the third quarter of the fiscal year ending March 2026 (the impact of the additionally identified matters is expected to be reflected) |
| Type of litigation or proceeding | Investigation by the Special Investigation Committee |
| Investigation structure | Special Investigation Committee. The Management Reform Committee will consider and deliberate on the matter based on deliberations and recommendations by external experts. |
| Measures to prevent recurrence | Formulate and implement detailed measures to prevent recurrence. |
| Directors' and officers' liability | The Company plans to clarify the responsibility of the parties involved and take disciplinary action against them. The details of the disciplinary action will be promptly disclosed once decided. |
| Outlook | After completing additional self-inspections, the audit firm's prior-period correction audits and interim review, the Company will make corrected disclosures of correction reports and earnings releases for prior fiscal years reflecting the impact of the additionally identified matters, and disclose the earnings release for the third quarter of the fiscal year ending March 2026. The Company will formulate and implement detailed measures to prevent recurrence. |
| Planned follow-up disclosure | The investigation report will be promptly disclosed after information has been partially redacted. The announcement date of the earnings release for the third quarter of the fiscal year ending March 2026, the details of disciplinary action against the parties involved, and the details and progress of the measures to prevent recurrence will be promptly disclosed once decided. |
Items this document does not state (14)
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.Based on the contents of the investigation report, the Company will reflect the impact of the additionally identified matters in correction reports and earnings releases for prior fiscal years. To protect personal and confidential information, the report will be disclosed after partially redacting information.