The president of Honma Golf Co. is expected to step down by the end of this month over a series of scandals involving his company, police sources said Wednesday.
It is believed that Yukihiro Honma will resign following a recent police search of the major golf equipment manufacturer and retailer over alleged smuggling of golf clubs from Japan to South Korea by a senior company official.
Honma, 67, has developed the Tokyo-based company into a comprehensive golf equipment maker since its listing on the over-the-counter market in 1995. He currently lives in Singapore.