*Note: This is a provisional translation for reference purpose only.
8:45 - 8:50 a.m.
Friday, April 6, 2018
Committee Room Annex, the House of Representatives
Q: The prospect for the sale of Toshiba Memory Corp. has not yet been made clear. Some regard it would affect Toshiba’s restructuring plan. Do you have any comment on this?
A: I am aware of Toshiba’s announcement that the anticipated date of share transactions would be in April or thereafter. METI will closely watch their progress.
US-China Trade Conflicts
Q: I think the concern of trade conflict between the United States and China is mounting. What do you think about the impact on Japan?
A: I understand that the United States will decide what kind of retaliatory tariffs are to be imposed after a public comment and public hearing. I will continue to pay close attention to the developments in the United States and the response of China.
Personnel measure of Mitsubishi Material’s subsidiary
Q: Diamet, a subsidiary of Mitsubishi Materials, designated their ex-president, who resigned over the data falsification scandal, as an adviser. Do you have any comment on this personnel measure?
A: Firstly, I would like them to rapidly proceed with safety checks and extra quality audits at all production sites as well as make sure to implement preventive measures quickly, and to make utmost efforts for regaining not only customer trust but also public confidence.
I would like to refrain from making any comments on an individual company’s personnel issues, but in general terms, there are practical guidelines for corporate governance systems which METI released on March 31, 2017, that encourage proactive information disclosure regarding the roles and treatments of the company advisers when assigned.
In that sense, I believe that proper disclosure should be made by companies including this subsidiary of Mitsubishi Materials.