Mr. Takumi Shibata has been appointed as the new Representative Director and President. Mr. Hiroki Ishida has resigned; based on the Special Investigation Committee’s report, recurrence prevention measures will be implemented. 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Mr. Hiroki Ishida has resigned; based on the Special Investigation Committee's report, recurrence prevention measures will be implemented. A minimal handover via a service agreement will be arranged to preserve transparency and restore sound governance.","jir_summary":"### Key Personnel Points\nThe Company resolved to change its representative director effective October 6, 2026. Mr. Hiroki Ishida has expressed his intention to resign from his roles as Representative Director, CEO and CTO, and Mr. Takumi Shibata has assumed office as the new Representative Director and President. Mr. Ishida explained the circumstances surrounding his resignation in light of findings related to past transaction practices from the investigation report. Measures will be taken to allow Mr. Ishida to provide limited technical advice under a service agreement, without any decision-making authority.\n\n### Future Measures and Recurrence Prevention\nBased on the Special Investigation Committee's report, recurrence prevention measures will be developed and the new management team will work to enhance management transparency and soundness. The Company apologizes and is committed to restoring trust among shareholders, investors and other stakeholders. With the start of the new management, concrete procedures are explained to minimize impacts on operations, customers and business partners during the handover.","jir_financial_highlights":"Unknown: Unknown (Unknown)","jir_category":"","jir_hashtags":"#FreeBit, #ExecutivePersonnel","jir_key_figures":"New Representative Director and President: Takumi Shibata\nResignation: Hiroki Ishida\nHandover Period: Considering a service agreement (1 year after resignation)","jir_meta_title":"FreeBit Co., Ltd. Announces Change of Representative Director and Executive Personnel | October 2026","jir_meta_description":"FreeBit Co., Ltd. announced on October 6, 2026 a change of representative director and the appointment of a new president. The notice details Mr. Hiroki Ishida's resignation, recurrence prevention measures based on the investigation report, and steps to strengthen the organizational structure.","jir_og_title":"FreeBit Co., Ltd. Announces Change of Representative Director and Executive Personnel | October 2026","jir_og_description":"FreeBit Co., Ltd. announces a change in its representative director, including the appointment of Takumi Shibata as new president, the resignation of Hiroki Ishida, and planned recurrence prevention measures.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":56905,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"executive_change","footnotes":""},"sector":[],"importance":[],"class_list":["post-127937","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n