Regarding the concession projects in Ilocos del Norte and Palawan, we have been conducting surveys, verifications, creating of master plan, and presentations to related parties including the government and members of the Diet.

But, once again, we investigated and verified the situation surrounding the project, we and our group decided that we could not proceed, and decided to drop out from this project.

In addition, some media outlets have reported that a project in Ilocos Norte is being planned and is progressing, in spite of the fact that no contract or no similar agreement has been made with regard to this project.

However, this is not completely true and there are many arbitrary parts in the article, therefore we are requesting that the article be retracted.