Ishii Food Reduces Executive Compensation Following Financial Restatement

TOKYO, Jun 29 (Pulse News Wire) – Ishii Food CO.,LTD. (2894.T) announced today that it has reduced the monthly compensation of its president and chief operating officer in response to a recent financial restatement.

Additionally, the monthly compensation of the operations director was cut by 5%. The reductions take effect immediately and will apply for three months beginning in June 2026.

The decision comes after the company published a corrected financial statement on June 29, 2026, which caused significant concern among shareholders, customers, and business partners. In a statement, the company acknowledged the seriousness of the situation and pledged to strengthen internal controls and improve financial reporting processes to prevent future issues.

It also apologized once again to all stakeholders for any inconvenience caused.