TOKYO, Mar 24 (Pulse News Wire) – DN Holdings CO.,LTD. (7377.T) announced today that its president and CEO, Masahiko Harada, resigned effective March 24, 2026.
The resignation was accepted following allegations of inappropriate behavior related to internal control systems. In a special board meeting held on the same day, Harada admitted his actions had compromised the effectiveness of the company’s internal controls, leading to his dismissal. In response, DN Holdings appointed Hiroyuki Fujimoto, previously deputy president and executive officer, as the new president and CEO.
Additionally, the company's subsidiary, Dai Nippon Diamond Consultant Co., Ltd., elected Saizo Toshio as its new president, replacing Harada who also stepped down from his role there. The company acknowledged the seriousness of the situation and apologized to stakeholders. It emphasized that it would thoroughly enforce compliance within its management structure and implement measures to prevent future occurrences.
A detailed investigation into the alleged misconduct remains ongoing, and DN Holdings stated it would promptly disclose any further findings.
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