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FINWIRES

Sanrio Probes Alleged Improper Pay to Managing Director

-- Sanrio Company (TYO:8136) is investigating a managing director over suspected improper compensation of several hundred million yen, according to a Thursday filing on the Tokyo Stock Exchange.

The company said the executive may have received additional payments from a group subsidiary beyond approved remuneration. Sanrio has suspended the director's duties and launched a probe with an independent external organization.

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