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Sanrio Company hits new year-to-date low for first time in 3.5 months after earnings announcement delay

Thu May 7, 2026 10:01 am JST Catalyst

Sanrio Company, Ltd. <8136> fell sharply, updating its year-to-date low for the first time in approximately three and a half months. After the close of trading on the 1st before the holiday period, the company announced it would establish a special investigation committee regarding suspicions that a managing director received improper compensation (originally disclosed on April 16). In connection with this, Sanrio Company said it would postpone the announcement of its full-year earnings results scheduled for May 13, which appeared to trigger selling from investors wary of the increased uncertainty.

While the company had been conducting an investigation with support from an external law firm to quickly and accurately ascertain the facts, it determined that it would be appropriate to proceed with the investigation under a framework that ensures greater independence and objectivity, given the expanded scope of the investigation and other factors. The impact on business performance from this improper compensation issue is said to be minor at present. The company also stated that the rescheduled date for the earnings announcement will be promptly disclosed 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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