Formulation of measures to prevent recurrence
IRISO ELECTRONICS CO.,LTD. and the company’s overseas subsidiaries
The company’s overseas subsidiaries, all overseas locations, domestic factories, and the company-wide management and quality control systems
Improper payments and other misconduct by an overseas subsidiary. The detailed causes are set out in the analysis of the causes in the third-party committee’s investigation report.
Company response
Investigation by a third-party committee. The name of the committee chair and the date of its establishment are Not disclosed.
A declaration by top management and senior executives of their commitment to making compliance the top priority; codification of “compliance first”; strengthening governance and reviewing the organizational structure; initiatives to foster and enhance compliance awareness among officers and employees; initiatives to strengthen awareness of foreign public official bribery risks; improvement of the workplace environment; strengthening the management system at headquarters; strengthening mechanisms for collecting risk information; strengthening the internal audit function; and quality-related measures
Representative Director and President Suzuki Jin (鈴木仁) resigned effective 30 September 2026. Suzuki Jin (鈴木仁) voluntarily waived 30% of his executive compensation for 6 months. 2 former directors also voluntarily waived part of their executive compensation at the time. Chairman of the Board Shibata Masahisa (柴田雅久), Director and Senior Managing Executive Officer Ikeda Shuichi (池田修一), Director and Managing Executive Officer Ohira Akihiko (大平明彦), Director and Audit and Supervisory Committee Member Miyauchi Toshihiko (宮内敏彦), and all 3 outside directors serving as Audit and Supervisory Committee Members voluntarily waived 10% of their respective executive compensation for 3 months. Strict disciplinary action and other measures were taken against the officers and employees involved, in accordance with the company’s internal regulations.
Related procedures
Investigation by a third-party committee and formulation of measures to prevent recurrence
The company will steadily implement the measures to prevent recurrence, strengthen its internal control and corporate governance systems, and work to restore trust and enhance corporate value.
| Item | Details |
|---|---|
| Event name | Formulation of measures to prevent recurrence |
| Date of occurrence | 30 September 2026 (the date on which the Board of Directors resolved the measures to prevent recurrence and the Representative Director and President resigned) |
| Subject Entity | IRISO ELECTRONICS CO.,LTD. and the company’s overseas subsidiaries |
| Target Locations / Products | The company’s overseas subsidiaries, all overseas locations, domestic factories, and the company-wide management and quality control systems |
| Cause | Improper payments and other misconduct by an overseas subsidiary. The detailed causes are set out in the analysis of the causes in the third-party committee’s investigation report. |
| Type of litigation or proceeding | Investigation by a third-party committee and formulation of measures to prevent recurrence |
| Investigation structure | Investigation by a third-party committee. The name of the committee chair and the date of its establishment are Not disclosed. |
| Measures to prevent recurrence | A declaration by top management and senior executives of their commitment to making compliance the top priority; codification of “compliance first”; strengthening governance and reviewing the organizational structure; initiatives to foster and enhance compliance awareness among officers and employees; initiatives to strengthen awareness of foreign public official bribery risks; improvement of the workplace environment; strengthening the management system at headquarters; strengthening mechanisms for collecting risk information; strengthening the internal audit function; and quality-related measures |
| Directors' and officers' liability | Representative Director and President Suzuki Jin (鈴木仁) resigned effective 30 September 2026. Suzuki Jin (鈴木仁) voluntarily waived 30% of his executive compensation for 6 months. 2 former directors also voluntarily waived part of their executive compensation at the time. Chairman of the Board Shibata Masahisa (柴田雅久), Director and Senior Managing Executive Officer Ikeda Shuichi (池田修一), Director and Managing Executive Officer Ohira Akihiko (大平明彦), Director and Audit and Supervisory Committee Member Miyauchi Toshihiko (宮内敏彦), and all 3 outside directors serving as Audit and Supervisory Committee Members voluntarily waived 10% of their respective executive compensation for 3 months. Strict disciplinary action and other measures were taken against the officers and employees involved, in accordance with the company’s internal regulations. |
| Outlook | The company will steadily implement the measures to prevent recurrence, strengthen its internal control and corporate governance systems, and work to restore trust and enhance corporate value. |
Items this document does not state (15)
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 third-party committee’s investigation found improper payments and other misconduct at an overseas subsidiary, and its investigation report included an analysis of the causes and recommendations for preventing recurrence.