Recommendation for an Administrative Monetary Penalty Payment Order Against a Former Employee of a Subsidiary

The Securities and Exchange Surveillance Commission (SESC) of Japan announced today that it has made a recommendation to issue an administrative monetary penalty payment order to a former employee of a subsidiary.

We sincerely apologize for any incovenience and concern this has caused to our shareholders, investors, and all other stakeholders. We solemnly take the SESC's recommendation against the former employee, and will strive to prevent a recurrence of similar misconduct by further strengthening our compliance system and reinforcing employee education and guidance.

Please check the IR release below for details.
https://www.lycorp.co.jp/en/ir/news/auto_20250117552346/pdfFile.pdf

Disclaimer
This is an English translation of the release. This translation is prepared and provided for the reader’s convenience. All readers are recommended to refer to the original version of the release in Japanese for complete information.