4/15/2024
Dear Valued Clients and Stakeholders,
We extend our warmest greetings and hope this message finds you well. We sincerely appreciate your continued support and patronage.
On June 30, 2023, pursuant to a business improvement order issued by the Financial Services Agency (FSA), we submitted a business improvement plan on July 31, 2023. This plan initially required us to report on our progress by the end of September 2023, and subsequently every three months thereafter.
The FSA's decision to conclude the progress reports is a testament to our ongoing commitment to improvement and the positive progress we have made in addressing the FSA's concerns. We are deeply grateful for the FSA's recognition of our efforts and remain committed to upholding the highest standards of auditing quality.
We recognize that the FSA's business improvement order caused concern among our clients and stakeholders. We sincerely apologize for any inconvenience or anxiety this may have caused. We remain committed to fulfilling our social responsibility as an auditing firm and will continue to strive for continuous improvement in audit quality.
We thank you for your understanding and continued support.
Sincerely,
Tsutomu IKEDA