Framework to ensure compliance with the Subcontract Act and prevent recurrence in mold management

「Outside Directors Koide Tadayoshi (小出忠由) and Hiraishi Hiroka (平石広佳) have regularly made statements from the perspective of legal compliance at meetings of the Board of Directors and other forums. After the violation of the relevant law came to light, they fulfilled their responsibilities by supervising recurrence-prevention measures and other initiatives. The Audit and Supervisory Committee has confirmed that the Company is working thoroughly on corrective measures and recurrence prevention.」

「Since the facts of the violation of the relevant laws and regulations came to light, we have fulfilled our responsibilities, including overseeing measures to prevent recurrence.」

「The Company is consulting with all affected subcontractors regarding compensation and will make payments promptly after obtaining confirmation from the Japan Fair Trade Commission. It has already disposed of molds and other items for which no specific timing for future orders can be indicated. The Company takes this recommendation seriously and will ensure that all officers and employees are fully informed of its contents, while strengthening its internal framework, including compliance training on the Subcontract Act and its checking system, in an effort to further enhance compliance and prevent recurrence.」