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Other Disclosures7860Avex Inc.Information and Communications, Services and Others

Compliance Initiatives

Following allegations of violations of the Narcotics and Psychotropics Control Act, disciplinary action was taken against the relevant parties, and measures to prevent recurrence were formulated, including stricter internal regulations, enhanced training, and expansion of the internal whistleblowing system.

Worth reading
30Immaterial
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
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Wording
Conditional
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Announced details

Applicable field (uses covered by this announcement)

Compliance focused on risks specific to the entertainment industry

Launch dateThe measures to prevent recurrence are scheduled to be implemented periodically going forward. Consideration is under way regarding the establishment of a dedicated consultation hotline for artists and talent.
Relationship between the counterparty and the company
Avex Inc.7860
Relationship with the Company

The 2 external producers have contractual relationships with the Company. The 2 subsidiary employees are employees of the Company’s group.

Location (as indicated in this announcement)

All officers and employees, and artists and talent affiliated with the Company

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Relationship with the CompanyThe 2 external producers have contractual relationships with the Company. The 2 subsidiary employees are employees of the Company’s group.
Launch dateThe measures to prevent recurrence are scheduled to be implemented periodically going forward. Consideration is under way regarding the establishment of a dedicated consultation hotline for artists and talent.
Applicable areaCompliance focused on risks specific to the entertainment industry
Location scaleAll officers and employees, and artists and talent affiliated with the Company
Items this document does not state (14)
Names of Products / Services CoveredCounterpartyCounterparty overviewContract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationQuantitative EffectsUsage historyImpact on Business PerformanceSource

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.

Following the arrests of 2 subsidiary employees and 2 external producers, to ensure that a similar incident never occurs again.

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