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Sanrio Company shares surge on completion of special investigation into executive compensation

Mon Jun 1, 2026 10:00 am JST Catalyst

Sanrio Company, Ltd. <8136> shares surged. The stock gained after the company announced after the market close on Friday, May 29, that it had received an investigation report from a special committee regarding allegations of inappropriate compensation paid to a senior managing director, lifting an overhang on the stock.

The case involves various payments received by the senior managing director from a U.S. subsidiary, where the director also served as CEO. These included benefits disbursed separately from compensation determined by the company's Nomination and Compensation Advisory Committee, totaling approximately 252.3 million yen. Sanrio stated that these amounts had already been recorded as expenses by the U.S. subsidiary in their respective fiscal years, with no misstatements confirmed in either its consolidated financial results or the subsidiary's performance. For the fiscal year ending March 2027, the company expects the impact to be immaterial, despite incurring investigation-related costs.

Source: MINKABU PRESS

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

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