Indictment of a Group Company and Future Actions
ENEOS WING Co., Ltd. (a consolidated subsidiary of ENEOS Corporation)
Diesel fuel prices for transport operators and others with negotiating contacts in Tokyo
Insufficient governance and compliance literacy. The Company recognizes that the excessive number of group companies created a structure in which effective governance over group companies was difficult to implement, which was a contributing factor.
Related procedures
Criminal complaint by the Japan Fair Trade Commission, indictment by the Tokyo District Public Prosecutors Office, and investigations by the relevant authorities
Japan Fair Trade Commission, Tokyo District Public Prosecutors Office
Not disclosed
ENEOS WING Co., Ltd.
Company response
Revise the management structure. Establish dedicated organizations for compliance and internal controls and assign personnel with expertise in these areas. Thoroughly advance initiatives for the "restructuring of the organization and structure of group companies" set out in the Fourth Medium-Term Management Plan. Strengthen internal audits. Strengthen training for the management of group companies. Define governance requirements and establish an end-to-end governance structure linking group companies, major operating companies and HD (the CxO line). Promote internal control activities in accordance with the COSO framework.
ENEOS WING Co., Ltd. will fully cooperate with future investigations and, under its new management structure, work to ensure rigorous governance and compliance under the supervision and guidance of its parent company. The Company will advance initiatives including the restructuring of the organization and structure of group companies, strengthening internal audits and strengthening training for management.
| Item | Details |
|---|---|
| Event name | Indictment of a Group Company and Future Actions |
| Date of occurrence | 17 April 2026 (the date of the criminal complaint and indictment) |
| Subject Entity | ENEOS WING Co., Ltd. (a consolidated subsidiary of ENEOS Corporation) |
| Target Locations / Products | Diesel fuel prices for transport operators and others with negotiating contacts in Tokyo |
| Cause | Insufficient governance and compliance literacy. The Company recognizes that the excessive number of group companies created a structure in which effective governance over group companies was difficult to implement, which was a contributing factor. |
| Type of litigation or proceeding | Criminal complaint by the Japan Fair Trade Commission, indictment by the Tokyo District Public Prosecutors Office, and investigations by the relevant authorities |
| Court or authority | Japan Fair Trade Commission, Tokyo District Public Prosecutors Office |
| Defendant | ENEOS WING Co., Ltd. |
| Date of filing / date of action | 17 April 2026 (the date of indictment) |
| Measures to prevent recurrence | Revise the management structure. Establish dedicated organizations for compliance and internal controls and assign personnel with expertise in these areas. Thoroughly advance initiatives for the "restructuring of the organization and structure of group companies" set out in the Fourth Medium-Term Management Plan. Strengthen internal audits. Strengthen training for the management of group companies. Define governance requirements and establish an end-to-end governance structure linking group companies, major operating companies and HD (the CxO line). Promote internal control activities in accordance with the COSO framework. |
| Outlook | ENEOS WING Co., Ltd. will fully cooperate with future investigations and, under its new management structure, work to ensure rigorous governance and compliance under the supervision and guidance of its parent company. The Company will advance initiatives including the restructuring of the organization and structure of group companies, strengthening internal audits and strengthening training for management. |
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.The Company recognizes that ENEOS WING had insufficient governance and compliance literacy. The Company also recognizes that, although a framework for managing group companies had been established, the excessive number of group companies created a structure in which effective governance was difficult to implement, which was a contributing factor.