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Sanrio Company establishes special investigation committee over executive compensation irregularities, delays earnings announcement

Fri May 1, 2026 4:16 pm JST Catalyst

Sanrio Company, Ltd. <8136> announced after the close of trading on this day that it will establish a special investigation committee regarding suspected improper compensation received by a managing director, an issue previously disclosed on April 16. As a result, the company will postpone its full-year earnings announcement scheduled for May 13.

While the company has been conducting an investigation with the support of an external law firm to swiftly and accurately ascertain the facts, it has determined that it is appropriate to proceed with the investigation under a framework that ensures greater independence and objectivity, given the expansion of the scope of the investigation. The impact of this compensation irregularity issue on business performance is minor at this point. The company stated that it will promptly announce the rescheduled earnings announcement date once determined, while monitoring the progress of the investigation.

Source: MINKABU PRESS

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

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