We sincerely and deeply apologize to our shareholders and other stakeholders for the great concern that the recent improper accounting and other matters are causing. We take this matter very seriously, and we are making it our highest priority to fundamentally reform our governance structure and thoroughly reinforce awareness of compliance to ensure that such a situation never occurs again.
We will resolutely implement reforms to ensure that this lesson does not remain temporary and rebuild our value of “always doing the right thing” into an effective system.
We will also undertake the reorganization of our business operations, based on a five-pillar approach as previously communicated. By strengthening governance on a business unit basis, clarifying accountability, and speeding up decision-making, we will work to achieve further growth for the future.
By steadfastly pursuing a path toward revitalization, we pledge to regain your trust as soon as possible and demonstrate strong growth. We would like to thank you for your continued, unwavering support.
Representative Director and President CEO(Chief Executive Officer)
Mitsuya Kishida
