Press Conference by Taro Aso, Deputy Prime Minister, Minister of Finance, and Minister of State for Financial Services

(Excerpt)

(Tuesday, September 1, 2015, 10:44 am to 11:02 am)

[Questions and answers]

Q.

I have a question about the accounting scandal at Toshiba. Yesterday was the deadline for Toshiba to submit its annual securities report, but the company managed to get the deadline extended again, saying that it wouldn’t be able to submit the report yesterday. Investors still don’t know the full extent of the issue, including the actual financial data for past years. Minister Aso, how do you view this situation?

A.

Well, it’s certainly true that after the August 31 deadline had passed, the company received a seven-day extension. Rules for this are prescribed in the Financial Instruments and Exchange Act, which says that if there are unavoidable circumstances, extension can be done, and that’s all that’s happened. It’s not the case that I don’t know the details, but I do feel that things like this need to be done in due process. It’s extremely regrettable that the company couldn’t file the report. It now has seven days, and we hope it will be able to disclose accurate information soon.

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