https://www3.nhk.or.jp/news/html/20220419/k10013588751000.html

Yoshinoya HD Announces the dismissal of the managing director of inappropriate remarks that despise women

Yoshinoya Holdings, a major beef bowl chain, announced that it had dismissed the managing director of a subsidiary who made extremely inappropriate statements that looked down on women at an extraordinary board meeting on the 18^th of April.

According to the announcement, the person who was dismissed was an executive officer of Yoshinoya Holdings, Masaaki Ito, Managing Director of the subsidiary of Yoshinoya.

It was discovered after posting on SNS, and criticisms on the Internet, and this remark had an impact on business operations, such as the sudden cancellation of the new product launch scheduled on the 19^th of April 2022.

The company held an extraordinary board meeting on the 18th and dismissed it as "there were extremely unacceptable words and deeds in terms of duties from the perspective of human rights and gender issues."

Yoshinoya Holdings commented, "We take this situation very seriously and will hold training in-house to ensure thorough compliance. We deeply apologize."

After this incident, Yoshinoya’s stock fell as much as 4.3% in morning trading in Tokyo on Tuesday, the biggest intraday decline since October 2020. The stock had been up 5.3% this year before the remarks became public. 

Source: https://www3.nhk.or.jp/news/html/20220419/k10013588751000.html