TOKYO, Jun 03 (Pulse News Wire) – Chieru CO.,LTD. (3933.T) established a special investigation committee today due to potential legal violations by one of its subsidiaries.
The firm also decided to postpone certain reports at its upcoming shareholders meeting scheduled for June 26, 2026. The investigation committee, led by external lawyer Wu Myungsik, includes two additional members: Atsuko Kameda and Shingo Honda, both independent directors. The committee's mandate covers clarifying the factual circumstances, assessing impacts on the consolidated financial statements, analyzing causes, and proposing preventive measures against recurrence. Due to ongoing investigations, CHIeru cannot currently finalize its fiscal year consolidated financial results and related audit reports.
The company plans to convene a continuation meeting post-receipt of the investigation findings to disclose these reports promptly. Any necessary corrections to previously disclosed figures will be communicated swiftly once confirmed. The annual general meeting set for June 26, 2026, will initially address routine matters such as electing five directors excluding audit committee members. Critical reporting items concerning the financial period will be deferred until the continuation meeting, which will take place at a later date to be determined.
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