Tokyo Stock Exchange Group Inc. has begun looking into why Fujitsu Ltd. changed the reason given for the resignation last September of its then-president, TSE officials said Monday.
A change in publicly released information regarding a company president’s resignation is quite unusual, so the TSE is asking Fujitsu to confirm the facts, the officials said.
The major electronics maker first said Kuniaki Nozoe, who stepped down last September, did so for health reasons.
But on Saturday, the company retracted the earlier statement and said Nozoe quit because he “continued to maintain links” with corporations the company believes it inappropriate to be involved with.
The TSE requires companies whose shares trade on its bourse to provide accurate information and it can impose sanctions if it finds problems in the way a firm provides information to the public, in order to protect investors.
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