Progress on the Disclosure of Misconduct

Our company and our parent company, IHI Corporation (hereinafter referred to as "IHI"), had announced on April 24, 2024, June 4, 2024, and August 21, 2024, regarding the incident of misconduct in test operation records for marine engines and land-use engines (hereafter referred to as the "Matter"). We had entrusted the verification of the facts from an independent perspective to a special investigation committee consisting of external experts.

We have now received the investigation report from the special investigation committee and, based on the report, have formulated measures to prevent recurrence as IHI and our company.

We would like to express its deepest apologies once again for the extreme inconvenience and concern caused by this misconduct to all of its stakeholders, including its customers and related institutions.

 

【Attached Document】
  Report on Misconduct at IHI Power Systems (October 30, 2024)

【Reference】
  Press release from IHI Corporation

【Customer Inquiry Contact】
 IHI Power Systems Co., Ltd. 
  General Affairs and Human Resources Department, Administration Division
  Phone: 03-4366-1203
  Email:ips-webmaster1@ihi-g.com