Yuichiro Kondo, president of SMBC Nikko Securities, held a press conference on the night of the 24th after five executives and a corporation were indicted for market manipulation in violation of the Financial Instruments and Exchange Act, and the vice president was also arrested on suspicion of market manipulation. "While I am in the position of a securities company, I take it seriously and deeply regret that it caused a serious situation that seriously shakes the trust of the market, such as prosecution and arrest for violating the Financial Instruments and Exchange Act."
He apologized, "We deeply apologize to many investors, market participants and others for the fact that our series of actions has led to distrust of market fairness."
In addition, President Kondo said that he was indicted as a corporation for market manipulation, "I can not deny that there was a defect in the internal control system, and I think that the responsibility as a corporation is unavoidable." ..
After that, "We position the establishment of an internal control system as the top priority of management, and take strict measures including steady implementation of improvement measures and planning, implementation, and personnel disposition of additional improvement measures based on the investigation results of the Investigation Committee. ".
Regarding his own management responsibility, he said, "We recognize that it is our responsibility to restore trust by thoroughly investigating the cause, formulating improvement measures, and implementing them firmly," to prevent recurrence. He expressed his desire to fulfill his responsibilities by striving.
He added, "I think there will be an investigation report from the Investigation Committee, so I would like to consider strict personnel dispositions in response to that."