Fujitsu, Tokyo Stock Exchange To Change The Investigation Because The Former Pre
3 9 AP, Reuters, Tokyo Exchange today said it will launch a survey to confirm that last year the Japanese technology company Fujitsu is deliberately concealing the state when he was vice president and field once (KuniakiNozoe) the resignation of information, which also attracted investors to the Japanese company’s level of concern about information disclosure .
Last Saturday, Fujitsu made the statement to change the state of its former vice president Dan Wild on September 25 last year, the official reason for his resignation. At that time, Fujitsu said the deputy state field once resigned for health reasons. But last weekend, said Fujitsu changed to state at once for fear of opposition may be involved in vice, “organized crime” and thus affect the company’s image, so other high-level requirements Fujitsu states once the resignation of deputy field.
Monday as investors questioned whether the incident resulted in Fujitsu’s focus on the established business strategy, Fujitsu shares fell 2.7%.
Fujitsu like many other Japanese companies, within the company’s board of directors full of people and close business partners, shareholders in Japan do not normally close ties to such excessive questioning, and thus the pressure on disclosure of information to these companies said relatively small.
Freshfields Partner TakeshiNakao lawyer, said: “In Japan, even if the major incident, the listed company’s executives met with investors completely without fear of prosecution.”
Analyst at Mizuho Investors Securities YuichiIshida said: “Fujitsu reason to change the former president to resign in the event the investor reaction will be very good, but the lack of disclosure of information, the investors will not be too concerned about.”
Nosoe state attorney KeiHata once said that once the state field as vice president of Fujitsu resignation after 15 months because the company’s other senior executives informed of a friend involved in “anti-social groups” may result in Fujitsu was the Tokyo Stock Exchange removed. In Japan, the “anti-social group” was “organized crime”, a commonly used euphemism. Hata said he was deputy state field of the name of a friend once the background investigation and found no links between organized crime.
Fujitsu said last September as “sick,” said opposition deputy state the grounds of Jordan’s resignation was to avoid the state of the company and the wild once the potential vice harm.
Fujitsu said on its Web site, the company’s policy is “once the information may affect investment decisions, the company will timely, accurate and fair to release the information, even if the regulator does not provide for this or do Fujitsu will be adversely affected. ”
A Fujitsu spokeswoman said: “Sorry, we are in September explanation is inadequate.” He said the company will meet the Tokyo Stock Exchange’s investigation.
Tokyo Stock Exchange said that if found in the initial announcement, Fujitsu has the potential to provide accurate information, but willful inaccurate or insufficient information, will take immediate action. The lightest punishment this would be a non-public verbal warning. The most serious sucked removed the stock from the Stock Exchange. One familiar with the exchange policy that basically said Fujitsu will not be fined or removed, because the most serious punishment is used against those who deliberately financial statements of the company. Said a spokesman for the Tokyo Stock Exchange, the exchange will be based on incorrect disclosure of acts of the potential impact of investment decisions made by the severity of the penalty decision.
Fujitsu, said Deputy State field once agreed to illness as a reason for his resignation as deputy state once the field was really unwell, his spokesman said the company is also deputy state field to the hospital once the evidence and a disease diagnosis.
In a statement Saturday, Hata said that there is no so-called disease diagnosis, field deputy state once the body without discomfort.
Monday Fujitsu shares fell 16 yen to 568 yen, the Nikkei 225 index that day the largest decline in stocks.
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