Iriso Electronics Co., Ltd.
Notice Regarding Publication of the Third-Party Committee Investigation Report
The findings of a third-party committee were published. Potential improper monetary payments were identified at two overseas subsidiaries, along with issues related to financial reporting and quality control. Corrections to past period financial summaries are scheduled to be disclosed by September 30, 2026. As relapse-prevention measures, reforms to management structure and internal controls will be implemented.
Key Figures
- The specific total amount of payments is unknown
- Changes to approval authorities differ between 2021 and 2025
- Supreme Court case closing schedule is expected around late August to early September 2025
AI要約
Overview and Findings of the Investigation
The third-party committee conducted an investigation focusing on suspected improper monetary payments at overseas subsidiaries. Multiple compliance breach indications were detected, including delays in financial reporting and accounting treatment, premature recognition of revenue, and improper events in quality control. Recognizing these as significant ethical and governance issues, the company will proceed to formulate relapse-prevention measures. The company plans to submit corrected reports for prior-period financial summaries by September 30, 2026.
Future Response and Relapse-Prevention Measures
As relapse-prevention measures, the company will emphasize fostering a corporate culture that prioritizes compliance, strengthen head office management functions, enhance mechanisms for capturing risk information, and reinforce internal audit functions. A comprehensive reform plan will be announced, including strengthening governance at overseas locations, improving the effectiveness of the internal whistleblowing system, and raising financial reporting literacy.
Iriso Electronics Co., Ltd.
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