Air Water releases transcript of management reform briefing

Air Water issued a transcript of its Sept. 17, 2026 management reform briefing attended by Yoshihiro Senzai, Yu Karato, Hirotaka Shiraiwa. Senzai apologised for accounting misconduct that triggered a Tokyo Stock Exchange “Security on Special Alert” designation on May 1, 2026. Air Water targets removal of the designation, with a status report on reform progress due by April 30, 2027. Management blamed governance failure tied to an overly growth-oriented, diversification-led M&A drive under a ¥1 trillion company vision. Strategy shifts from scale to value, refocusing on core competencies,