TOA Corporation
Internal Investigation Results on the Fund Outflow Incident at Our U.S. Subsidiary, Formulation of Recurrence Prevention Measures, and Notice Regarding Voluntary Partial Return of Executive Compensation
Announced investigation results on a malicious third-party fund outflow incident at our U.S. subsidiary and decided to voluntarily return part of executive compensation for two months from February to March 2026.
Key Figures
- Voluntary Return Rate of Executive Compensation by Representative Director and President: 20% of monthly compensation
- Voluntary Return Rate of Executive Compensation by Other Directors: 10% of monthly compensation
- Voluntary Return Period for Executive Compensation: Two months from February to March 2026
AI要約
Overview of Investigation Results
The fund outflow incident at our U.S. subsidiary was caused by fraudulent actions of a malicious third party, with no involvement found among officers or employees of the Company or the U.S. subsidiary. No similar incidents have been confirmed at other group companies. Causes identified include excessive concentration of approval authority, insufficient adherence to internal rules, and inadequate monitoring functions.
Recurrence Prevention Measures and Voluntary Return of Executive Compensation
As recurrence prevention measures, we will strengthen control over remittance and payment operations, optimize division of authority, enhance compliance training, improve the internal environment, and reinforce monitoring functions. Regarding executive compensation, the Representative Director and President will voluntarily return 20% of monthly compensation, and other directors will voluntarily return 10% of monthly compensation for two months from February to March 2026.
