INFRONEER Holdings Inc. [5076.T]
TOKYO, May 28 (Pulse News Wire) – Infroneer Holdings Inc. (5076.T) announced today that its subsidiary, Maeda Corporation, had been implicated in corruption allegations related to a construction project in Saga Prefecture.
Following reports of bribery charges against a Saga City council member involved in the project, Maeda Corporation initiated an external investigation led by independent lawyers in October 2025. Both Infroneer Holdings and Maeda Corporation cooperated fully with authorities, making a voluntary confession to law enforcement agencies in January 2026. The company deeply regrets the situation and apologizes for causing concern among shareholders, investors, and stakeholders.
As part of its commitment to preventing future incidents, Infroneer Holdings established a special committee to review and implement measures to prevent recurrence within Maeda Corporation on May 13, 2026. In light of the serious nature of the allegations, Infroneer Holdings' CEO, Kazunao Maeda, has voluntarily returned his monthly salary for three months, from June to August 2026. Additionally, employees involved in the incident will face strict disciplinary action according to internal regulations.
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