Yakult Honsha president apologizes for allegedly false records

Yakult Honsha president apologizes for allegedly false records

TOKYO, Japan - Sumiya Hori, president of Yakult Honsha Co., apologizes to investors at the Tokyo Stock Exchange on Dec. 28 for the company's release of an allegedly false financial statement over the lactic drink maker's purchase of ''Princeton bonds'' that later became worthless. Yakult Honsha, as a corporate body, was indicted the same day for manipulating the company's financial records for the six-month period through September 1997.

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  • ILEA000003595
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