SAAF Holdings Co.,Ltd. [1447.T]
TOKYO, Jun 11 (Pulse News Wire) – Saaf Holdings CO.,LTD. (1447.T) received the final report from its independent special investigation committee.
The report confirms previous findings of private misappropriation of company funds and internal procedure deficiencies by former President Masatoshi Maeda and others. It also identifies similar issues among other group executives discovered during additional investigations.
Based on the report's recommendations, SAAF Holdings plans to implement concrete preventive measures to strengthen corporate governance and ensure compliance. The company stated there would be no revisions to past financial reports due to the limited impact on prior-year performance.
SAAF Holdings deeply apologizes to shareholders, investors, trading partners, and stakeholders for causing inconvenience and concern.
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