Anap Holdings Inc. published an investigation report prepared by external experts. The report presents the background of the independent investigation, scope and methods, involved parties, and proposed measures to prevent recurrence. Decisions and whether legal actions will follow remain undecided. 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The report presents the background of the independent investigation, scope and methods, involved parties, and proposed measures to prevent recurrence. Decisions and whether legal actions will follow remain undecided. The company indicates it will promptly consider legal action after completion of the publication.","jir_summary":"### Background and Purpose\nAnap Holdings Inc. has published an investigation report prepared by a team of external experts. The investigation was conducted from 2025-08-17 to 2026-10-23 and examined the facts, root causes, and recurrence prevention measures related to incidents within the Anap Group and similar cases. The report points to involvement of parties with special interests related to TLC, dysfunctions in subsidiary management systems, unilateral business execution, and deficiencies in approval procedures.\n\n### Future Measures and Recurrence Prevention\nAs recurrence prevention measures, the report recommends investigating conflict-of-interest risks when appointing directors, reviewing HDG's subsidiary management regulations, reaffirming the positions of management meetings and the board of directors, improving internal regulations, strengthening group audit systems, and utilizing external experts. Emphasis is placed on correcting and strengthening oversight of the unilateral decision-making structures of AEL\/ARF and expanding the use of outside directors.","jir_financial_highlights":"Impairment loss recognition: Unknown (Unknown)","jir_category":"","jir_hashtags":"#ANAPHoldings, #InvestigationReportPublished, #CorporateGovernance, #AuditSystemStrengthening","jir_key_figures":"Undisclosed impairment loss amount is Unknown\nInvestigation period: 2025-08-17\u301c2026-10-23\nEntities involved include Anap Holdings Inc., HDG, AEL, ARF, TLC, etc. (see relationship diagram)","jir_meta_title":"Anap Holdings Inc. \u2014 Announcement of Publication of External Investigation Report | October 2026","jir_meta_description":"Summary of the external expert investigation report published by Anap Holdings Inc., outlining the investigation background, scope, key parties, and recommended recurrence prevention measures. Future responses and the possibility of legal action remain undecided.","jir_og_title":"Anap Holdings Inc. \u2014 Announcement of Publication of External Investigation Report","jir_og_description":"Publication of the investigation team's findings on the Anap Group and recommendations for recurrence prevention. Focuses on key parties and improvements to CFO processes.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58897,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"disclosure_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-134450","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n