Balmuda, an emerging consumer electronics maker, revealed that outside directors had bought their shares before announcing an upward revision to their earnings forecasts.
The company explains that it is "not malicious", but decided to refund or reduce the remuneration to outside directors, etc., as it may result in insider trading. rice field.
According to the announcement, Mr. Hitoshi Tanaka, an outside director of Balmuda and the president of JINS Holdings, a major eyeglass sales company, said that it was just before Balmuda announced an upward revision of its earnings forecast, around noon on May 13th. It means that you bought the stock of.
The purchase period approved by the company based on the internal rules is after May 14th, the following day, and it means that the company violated these rules.
Balmuda says, "I bought it by mistake and think it is not malicious," according to his explanation.
However, as a result, it may fall under insider trading, and after having the outside director return the full amount of the monthly remuneration for the six months up to last month, the monthly basic remuneration will be reduced by 100% for five months from this month. I decided to dispose of it.
Also, regarding President Terao Gen, 10% of the monthly basic remuneration will be reduced for three months from this month, even if there is a defect in the response.
Balmuda commented, "We will strengthen the awareness of officers and employees to comply with laws and regulations through training and other means."