Problems with receipt of KANDEN products "Former chairman and 5 others Damage to the company of more than 1.3 billion yen" 6:19, June 9

Due to a problem with the receipt of gold products by executives of Kansai Electric Power Co., Inc., an external investigation committee found that five members including former Chairman Makoto Yagi and former President Shigeki Iwane did not properly perform their duties as directors, resulting in damage of more than 1.3 billion yen to the company. I have compiled a report that says that he gave.

An external investigative committee was set up after some shareholders asked the Kansai Electric Power's Audit & Supervisory Board to sue five executives following the enormous amount of money received.

On the 8th, the investigation committee compiled the report and five executives such as former chairman Yagi and former president Iwane did not properly perform their duties as directors and caused a total loss of more than 1.3 billion yen to the company I decided it was.

Specifically, the fact that he received the hardware from a former assistant in Takahama-cho, Fukui Prefecture, told the former assistant the construction information in advance, and placed the order as planned, and part of the executive compensation reduced due to the deterioration of business performance. It is said that the problem was that they were covert up secretly.

Furthermore, it is said that the fact that this situation was discovered also caused damage to the company, such as replacement of commercials and advertising costs for restoration of lost trust.

The Kansai Electric Power's Board of Corporate Auditors commented, "We would like to make a final decision regarding the lawsuit against the directors based on the received report."