Regarding the Voluntary Return of Executive Compensation, etc. by an Operating Company Subsidiary
Maeda Corporation
Construction of Yatsushiro City’s new government building
A Yatsushiro City assembly member was indicted for influence-peddling bribery in connection with the construction of Yatsushiro City’s new government building, which Maeda Corporation was awarded in 2019.
Company response
Special investigation by external attorneys; Committee for Examining Measures to Prevent Recurrence at Maeda Corporation (establishment announced on 13 May 2026)
Maeda Corporation will establish a Committee for Examining Measures to Prevent Recurrence and work to prevent recurrence across the entire Company.
Maeda Corporation Representative Director and President Maeda Soji (前田操治) will voluntarily waive 30% of his monthly compensation for the 3 months from June through August 2026.
Related procedures
Investigation by the investigative authorities
Investigative authorities (specific authority not disclosed)
The Company will fully cooperate with the investigation and work to prevent recurrence across the entire Company. Employees involved will be subject to strict disciplinary action in accordance with the Company’s internal rules.
| Item | Details |
|---|---|
| Event name | Regarding the Voluntary Return of Executive Compensation, etc. by an Operating Company Subsidiary |
| Date of occurrence | 28 May 2026 (the date on which the voluntary waiver of executive compensation was decided) |
| Date recognized / date notice received | October 2025 (became aware of the matter following media reports) |
| Subject Entity | Maeda Corporation |
| Target Locations / Products | Construction of Yatsushiro City’s new government building |
| Cause | A Yatsushiro City assembly member was indicted for influence-peddling bribery in connection with the construction of Yatsushiro City’s new government building, which Maeda Corporation was awarded in 2019. |
| Type of litigation or proceeding | Investigation by the investigative authorities |
| Court or authority | Investigative authorities (specific authority not disclosed) |
| Investigation structure | Special investigation by external attorneys; Committee for Examining Measures to Prevent Recurrence at Maeda Corporation (establishment announced on 13 May 2026) |
| Measures to prevent recurrence | Maeda Corporation will establish a Committee for Examining Measures to Prevent Recurrence and work to prevent recurrence across the entire Company. |
| Directors' and officers' liability | Maeda Corporation Representative Director and President Maeda Soji (前田操治) will voluntarily waive 30% of his monthly compensation for the 3 months from June through August 2026. |
| Outlook | The Company will fully cooperate with the investigation and work to prevent recurrence across the entire Company. Employees involved will be subject to strict disciplinary action in accordance with the Company’s internal rules. |
Items this document does not state (13)
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.Because he took the matter seriously. Regarding the influence-peddling bribery case involving the construction of Yatsushiro City’s new government building, the Company voluntarily reported the matter to the investigative authorities and is cooperating with the investigation.