TOKYO, May 29 (Pulse News Wire) – Sanrio Company,ltd. (8136.T) announced today that its board of directors decided to hold a continuation meeting due to delays in issuing the annual financial reports for fiscal year.
The initial shareholders’ meeting scheduled for June 25, 2026, could not cover the necessary reporting items due to ongoing investigations into inappropriate compensation received by a senior executive. The company disclosed that a special investigation committee was established on May 1, 2026, led by an external director and comprising independent lawyers and certified public accountants. The committee's findings revealed that a senior executive had allegedly received additional compensation beyond approved levels from affiliated subsidiaries. As a result, the release of the fiscal year-end results has been postponed, impacting the timely submission of the financial statements and audit reports during the regular shareholders' meeting. In light of these developments, Sanrio plans to convene a separate continuation meeting to address the delayed reporting issues.
Details of the continuation meeting’s timing and venue will be communicated promptly after approval from the shareholders at the upcoming general meeting. Shareholders who attended the initial meeting retain their voting rights for the continuation session. The continuation meeting will focus on presenting the fiscal year financial reports, including operating performance, consolidated financial statements, and auditor reviews. Additionally, shareholders will vote on several key proposals related to board member appointments and equity-based incentive programs. Sanrio extends sincere apologies for any inconvenience caused to stakeholders and investors.
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