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AIR WATER plunges after being designated as securities on alert

Fri May 1, 2026 9:42 am JST Catalyst

AIR WATER INC. <4088> plunged sharply. The Tokyo Stock Exchange announced on April 30th that it would designate the company's shares as securities on alert. This decision was made because AIR WATER was found to have violated provisions of the corporate conduct code (establishment of necessary systems to ensure proper business operations) regarding inappropriate accounting practices conducted with the involvement of some management members, including top executives, and because the need for improvement in its internal control system was deemed high. In addition, the exchange will demand payment of 91.2 million yen in listing agreement penalty fees.

In response, the company disclosed a comment on the morning of May 1st. AIR WATER stated that it would proceed with "fundamental review and strengthening" of its corporate culture and governance as its top management priority, and expressed its commitment to making every effort to restore trust through "steady implementation of recurrence prevention measures" and "appropriate disclosure of progress."

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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