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IRISO ELECTRONICS falls sharply on suspected improper payments at overseas subsidiary
IRISO ELECTRONICS CO., LTD. <6908> fell sharply for the second consecutive day. After the close of trading on the 27th, the company announced it will establish a third-party committee composed of external lawyers and other experts. This follows the discovery of suspected improper monetary payments at an overseas subsidiary. The impact on earnings is undetermined at this time. As a result, the company said it will postpone its full-year earnings announcement scheduled for May 8th. Selling appears to be driven by concerns over the uncertain outlook.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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