Revolution Co., Ltd.
Notice of Withdrawal of Publication of the Special Investigation Committee’s Report and Establishment of an Independent Third-Party Committee
In connection with formulating an improvement plan following designation as a special attention stock, the extraordinary board of directors resolved to withdraw the publication of the Special Investigation Committee's findings. The board also decided to establish an independent third-party committee. In response to a verification request from the accounting auditor, the company will conduct an investigation through an independent external body.
Key Figures
- Resolution to withdraw publication of the Special Investigation Committee's findings (date unknown)
- Resolution to establish a third-party committee (extraordinary board meeting held today)
- Future announcements regarding changes to the implementation schedule of the improvement plan
AI要約
Decision on Investigation Framework and Withdrawal of Publication
At an extraordinary board meeting held today, the board resolved to withdraw publication of the Special Investigation Committee's findings. The background is that the expected report was judged likely to be insufficient as verification content to contribute to the formulation of the improvement plan. Accordingly, the company has decided to establish a third-party committee in response to a request from the accounting auditor.
Purpose and Structure of the Third-Party Committee
The third-party committee will be composed of independent external experts (such as lawyers) to conduct the investigation from a fair and objective standpoint, and will follow the applicable guidelines. The composition and details of the committee are currently under consideration and will be disclosed promptly once decided. This aims to ensure the reliability of internal controls and financial reporting.
Revolution Co., Ltd.
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