Establishment of a Liability Investigation Committee
AIR WATER INC. The persons subject to investigation are those who served as directors or Audit & Supervisory Board members from FY2020 through the second quarter of FY2025.
Company response
The chair of the Liability Investigation Committee is attorney Nakai Yasuyuki (Dojima Law Office). The members are attorney Muranaka Toru (Daiichi Law Office) and attorney Maeda Masahiro (visiting attorney at Daiichi Law Office, professor at Otemon Gakuin University, and professor emeritus at Kyoto University). None of the members has any interest or other relationship with the persons subject to investigation.
The committee will investigate and examine whether current and former directors and Audit & Supervisory Board members bear legal liability in connection with the performance of their duties, including whether they have liability for breach of their duties.
Related procedures
Investigation and examination of legal liability by the Liability Investigation Committee
Based on the report and recommendations of the Liability Investigation Committee, the company plans to decide whether it should seek damages or take other legal measures.
| Item | Details |
|---|---|
| Event name | Establishment of a Liability Investigation Committee |
| Date of occurrence | 19 June 2026 (the date on which the Board of Directors and the Audit & Supervisory Board decided to establish the committee) |
| Subject Entity | AIR WATER INC. The persons subject to investigation are those who served as directors or Audit & Supervisory Board members from FY2020 through the second quarter of FY2025. |
| Type of litigation or proceeding | Investigation and examination of legal liability by the Liability Investigation Committee |
| Investigation structure | The chair of the Liability Investigation Committee is attorney Nakai Yasuyuki (Dojima Law Office). The members are attorney Muranaka Toru (Daiichi Law Office) and attorney Maeda Masahiro (visiting attorney at Daiichi Law Office, professor at Otemon Gakuin University, and professor emeritus at Kyoto University). None of the members has any interest or other relationship with the persons subject to investigation. |
| Directors' and officers' liability | The committee will investigate and examine whether current and former directors and Audit & Supervisory Board members bear legal liability in connection with the performance of their duties, including whether they have liability for breach of their duties. |
| Outlook | Based on the report and recommendations of the Liability Investigation Committee, the company plans to decide whether it should seek damages or take other legal measures. |
Items this document does not state (18)
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.To enable the company to make an appropriate and fair determination as to whether current and former officers bear legal liability.