Today's Press Coverage
TOKYO, Feb. 8, 2013 (GLOBE NEWSWIRE) -- In today's morning edition of the
Asahi Shimbun, a report appears on the first and third pages regarding the
transfer of $40 million dollars in connection with our company's Philippine
business. The report states that "a board of directors' resolution states
'[we] resolve to agree to and approve the payment of this expense', and is
signed by Kazuo Okada, the UE chairman who also serves as a director of Aruze
USA, and by Tomohiro Okada, a director of UE."
However, there are no such minutes properly processed and existing within
As the parent company, our company would, of course, be aware of all documents
concerning decisions at Aruze USA. Moreover, because of the involvement in the
gaming business in the U.S., such documents must be filed with the NGCB
(Nevada Gaming Control Board), but no such document has been filed.
First of all, in regards to this supposed "board of directors' resolution"
said to have been created several months after the money transfer, our company
has not been able to ascertain the provenance of this document, including how
it came to be created, and we are at a total loss to understand how such a
document could exist only in the possession of what is referred to in the
published report as "an executive of the company involved with the creation of
the minutes", and nowhere else.
Given this situation, the company is unable to produce to the 3^rd Party
Committee minutes that do not exist within the company, but since that
committee is continuing its verification and such, which includes the
decision-making process in our corporate group, our company intends to fully
cooperate with that.
Note that the press report does not state anything such as the creation
history of the minutes being described in internal documents. We have
discovered evidence that, several months after the aforementioned money
transfer, a former employee had the person in charge of drafting minutes
create minutes that were clearly false, through the exchange of
incomprehensible emails with this person.
Prior to today's press report, there was a fact inquiry from Asahi Shimbun.
A portion of that made reference to this document alleged to be a "board of
directors' resolution", which our company cannot verify, so our company
questioned the authenticity and provenance of this document, since it could
not have existed under our company's management and control.
The Company believes that in addition to insinuating to our company's business
partners that harm would occur by using real names in the reporting, Asahi
Shimbun coerced our business partners into providing information in violation
of confidentiality obligations. In our opinion, we cannot help but conclude
that the improper reporting activities of the Asahi Shimbun reporter handling
this matter are an excessive, systematic anti-social campaign. Accordingly, we
are making an adamant protest and will also be considering taking various
However, Asahi Shimbun went ahead with today's press report without even
providing an answer to us regarding the above, so we cannot help but feel a
sense of extreme distrust toward Asahi Shimbun's press coverage and attitude.
CONTACT: MEDIA CONTACTS:
Universal Entertainment Corporation (JASDAQ Code: 6425)
Contact: PR&IR OFFICE Nobuyuki Horiuchi, Assistant General Manager
Email address: firstname.lastname@example.org
Ariake Frontier Bldg, A, 3-7-26 Ariake, koto-ku
Tokyo, 135-0063 JAPAN
TEL: +81-3-5530-3055 (switchboard)
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