Regarding some reports regarding allegations of power harassment against our representative director that were published in the online edition of Weekly Bunshun on Friday, July 11, 2025, we would like to offer our deepest apologies to all those connected to our company for the concern that this report has caused.
Our board of directors is in the process of establishing an investigative committee chaired by an independent, outside expert to accurately grasp the facts of this matter, determine the cause, and formulate measures to prevent recurrence. The members of the investigative committee, the scope of the investigation, and the investigation period will be announced promptly once they have been decided. We will fully cooperate with the investigation by this investigative committee and will take strict action based on the results of the investigation.
We apologize for any inconvenience and concern caused to our customers who regularly use our towel products, our business partners who support our business, and our shareholders and other stakeholders, and we appreciate your understanding and cooperation.
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