TOKYO, Apr 03 (Pulse News Wire) – Air Water Inc. (4088.T) announced detailed preventive measures aimed at addressing accounting irregularities identified through a special investigation committee's report received on March 31, 2026.
The company acknowledged involvement from top management and senior executives in some instances of inappropriate accounting practices. Key initiatives include fundamental reforms focusing on corporate culture, governance, internal controls, and strategic portfolio review. Specific actions involve setting appropriate performance targets, enhancing education and training programs, reinforcing communication channels, and strengthening internal audit functions.
By April 1, 2026, the company plans to appoint a chief officer overseeing finance and accounting departments. Additionally, Air Water will conduct regular dialogues with employees across its 37 affected companies by June 2026, emphasizing ethical behavior and transparency. The firm also intends to expand internal audits to cover all subsidiaries within three years, aiming to enhance overall risk management and compliance standards.
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