This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Our Position Regarding Asahi Shimbun's Response

According to the internal investigation by our Company, it has turned out that the said Accounting Manager's Manipulation Memorandum was prepared by only the major persons involved in the scheme of US$10 million fund circulation on which the Third-party Committee raised a question.

Asahi Shimbun claims that the top management of our Company is aware of this scheme based on the following two points: (1) The said Accounting Manager's Manipulation Memorandum was prepared at our Company's terminal and that (2) it was put on agenda at the Strategy Committee held on April 5, 2010

However, there is no connection between the fact referred to in (1) and awareness of the top management. At the Strategy Committee referred to in (2), there exists no fact that a decision was made regarding the fund circulation at that particular time. (The Strategy Committee is, in short, an organ to discuss or report a project but not to make a decision. The matter discussed or reported should be forwarded to a decision-making organ such as Board of Directors.) The said accounting manager was not a member of the Strategy Committee and neither in a position of learning the discussion there. Therefore, "the aforementioned,     manager of the Finance and Accounting Division knew the deliberation of the Strategy Committee in details that he did not attend, suggested he did it based on our Company's intent and prepared a concrete scheme chart. However, for some reason, he did not submit it to the top management, but handled it by e-mails among those involved on whom the Third-party Committee raised a question (including the said Manager of the Finance and Accounting Division who signed on the document as issuer.) Following this unusual course of development as a fact, it is apparently difficult to judge that the top management of our Company is aware of the said scheme.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.22 -1.00%
FB $118.05 0.53%
GOOG $696.72 0.63%
TSLA $230.71 -0.69%
YHOO $35.88 -0.36%


Chart of I:DJI
DOW 17,700.88 -50.03 -0.28%
S&P 500 2,056.51 -6.86 -0.33%
NASDAQ 4,746.7140 -16.51 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs