TOKYO, Apr 03 (Pulse News Wire) – Air Water Inc. (4088.T) announced disciplinary actions against related parties following the receipt of a special investigation committee report dated March 31, 2026.
The report revealed inappropriate accounting practices within the group, some involving top management. In response to the findings, the board of directors decided to implement measures based on recommendations from external experts. The president and CEO, Yoshiyasu Matsubayashi, will voluntarily return his monthly compensation of 100% for three months. Other executives will also face reductions in their monthly remuneration of 50% and 20% respectively for the same duration.
Additionally, strict penalties will be imposed on executive officers and representatives of involved subsidiaries. Air Water Inc. deeply apologizes for causing significant inconvenience and concern to shareholders, investors, and stakeholders. --- The company emphasizes its commitment to addressing the issues raised and implementing preventive measures to avoid recurrence.
🟢 Confidence: High AI-translated content.