AIR Water Sets Up Committee to Investigate Accounting Irregularities

TOKYO, Jun 22 (Pulse News Wire) – Air Water Inc. (4088.S) announced today that its board of directors and audit committee decided to establish a responsibility investigation committee during their meeting held on June 19, 2026.

The committee will examine whether past and current directors and auditors failed in their duties and had legal liabilities related to accounting irregularities within the group from fiscal year 2020 through the second quarter of fiscal year 2025. The investigation committee, composed of external experts without conflicts of interest, includes Chairman Nakai Yasuyuki, Attorney-at-Law from Domei Law Office; Member Murakami Tetsu, Attorney-at-Law from Daiichi Law Office; and Member Maeda Masahiro, Visiting Professor at Tsuitoan University and Honorary Professor at Kyoto University.

Based on the committee's findings and recommendations, the company plans to determine whether to pursue legal actions such as damages claims against those involved. The purpose of the committee is to ensure fair and just judgments regarding potential negligence and legal responsibilities of former and current directors and auditors who served during the specified period.

The company aims to make informed decisions based on thorough investigations and expert opinions.