Regarding Suspected Improper Receipt of Compensation by the Company's Managing Director
One Senior Managing Director of Sanrio Company,Ltd. (the Company) and the group subsidiary at which the director is responsible for executive operations
Company response
All duties of the director
Support from an independent outside expert organization with no conflicts of interest with the Company
Development and publication of measures to prevent recurrence across the Group
Suspension of all of the director’s duties
Related procedures
Internal investigation and a more detailed investigation into the facts
The Company will promptly notify stakeholders as soon as any new facts relating to this matter arise that should be disclosed. It will also proceed with an appropriate response, including the development and publication of measures to prevent recurrence across the Group.
| Item | Details |
|---|---|
| Event name | Regarding Suspected Improper Receipt of Compensation by the Company's Managing Director |
| Subject Entity | One Senior Managing Director of Sanrio Company,Ltd. (the Company) and the group subsidiary at which the director is responsible for executive operations |
| Type of litigation or proceeding | Internal investigation and a more detailed investigation into the facts |
| Suspended operations | All duties of the director |
| Investigation structure | Support from an independent outside expert organization with no conflicts of interest with the Company |
| Measures to prevent recurrence | Development and publication of measures to prevent recurrence across the Group |
| Directors' and officers' liability | Suspension of all of the director’s duties |
| Outlook | The Company will promptly notify stakeholders as soon as any new facts relating to this matter arise that should be disclosed. It will also proceed with an appropriate response, including the development and publication of measures to prevent recurrence across the Group. |
| Planned follow-up disclosure | The Company will promptly notify stakeholders as soon as any new facts relating to this matter arise that should be disclosed. |
Items this document does not state (16)
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 explained that, following an internal investigation prompted by an internal whistleblower report, it discovered suspicions that the director had received total additional compensation amounting to several hundred million yen over multiple years, and therefore began a detailed investigation.