Former Administrative Penalty Recommended for Payment Order
The Securities and Exchange Surveillance Commission (SESC) of Japan has recently made an announcement regarding a recommendation for an administrative monetary penalty payment order against a former employee of a subsidiary. This news may have caused some inconvenience and worry for our shareholders, investors, and other stakeholders. We want to express our sincerest apologies for any distress this situation may have caused.
We take the recommendation from the SESC very seriously and are committed to preventing any similar misconduct in the future. To achieve this goal, we will be enhancing our compliance system and providing additional education and guidance to our employees. It is crucial for us to maintain the trust and confidence of all those involved with our organization, and we are dedicated to upholding the highest standards of integrity and accountability.
For more specific details regarding this matter, please refer to the IR release accessible through the provided link. We understand the importance of transparency and clear communication in situations like these, and we strive to keep our stakeholders informed about any developments that may impact them.
Please be aware that the document presented is an English translation of the original release in Japanese. While we have taken great care to accurately convey the information, we recommend consulting the original Japanese version for complete details and accuracy. Your understanding and cooperation in this matter are greatly appreciated.
In conclusion, we assure you that we are actively addressing this issue and taking all necessary steps to rectify the situation. Our commitment to ethical behavior and compliance with regulations remains unwavering, and we will continue to uphold these principles in all aspects of our operations. Thank you for your continued support and confidence in our organization.
