On-Site Inspections and Compulsory Investigations Regarding Suspected Antimonopoly Act Violations and Applications for Leniency from Surcharges
First written in FY2016. 15 of 30 entries say "Restated". Latest entry: FY2026-H1.
Seikitokyu Kogyo moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
4 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters relating to the business or financial position described in this interim report that could materially affect investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year. No significant events or other matters requiring disclosure were present.」
The company states that there were no material changes to the business and other risks and no material events or other matters. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no occurrences of matters relating to the business and accounting conditions described in this interim report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes have been identified in the risks associated with the business and other matters since the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes to the risks associated with the business and other activities. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. There were no material events or other matters.」
The company states that there were no material changes to the business and other risks and no material events or other matters. - FY2023-Q3Supreme Court appeal dismissed; petition for acceptance of appeal deniedAnnual report
「In this litigation, the Tokyo District Court at first instance and the Tokyo High Court at second instance issued judgments dismissing the company's claim. The company had filed an appeal and a petition for acceptance of appeal with the Supreme Court, but on 10 November 2022 the Supreme Court dismissed the appeal and decided not to accept the case for appeal.」
The action for partial revocation of the surcharge payment order concluded with the Supreme Court's dismissal of the appeal and denial of the petition for acceptance of appeal. - FY2023-Q2RestatedAnnual report
「In this litigation, the Tokyo District Court at first instance and the Tokyo High Court at second instance issued judgments dismissing the company's claim. The company had filed an appeal and a petition for acceptance of appeal with the Supreme Court, but on 10 November 2022 the Supreme Court dismissed the appeal and decided not to accept the case for appeal.」
The company reiterates that, following dismissal of its claim on appeal in the action for partial revocation of the surcharge payment order, it filed an appeal to the Supreme Court and a petition for acceptance of appeal. - FY2023-Q1Appeal to the Supreme Court and petition for acceptance of appealAnnual report
「In this litigation, the Tokyo District Court at first instance and the Tokyo High Court at second instance issued judgments dismissing the company's claim. The company had filed an appeal and a petition for acceptance of appeal with the Supreme Court, but on 10 November 2022 the Supreme Court dismissed the appeal and decided not to accept the case for appeal.」
In the action for partial revocation of the surcharge payment order, the company's claim was dismissed on appeal, and the matter proceeded to an appeal to the Supreme Court and a petition for acceptance of appeal. - FY2022Claim dismissed on appealAnnual report
「The company, dissatisfied with the judgment, had filed an appeal with the Tokyo High Court on 18 August of the same year, but on 8 June 2022 the court issued a judgment dismissing the company's claim.」
In the action for partial revocation of the surcharge payment order, the company's claim was dismissed on appeal, following dismissal at first instance. - FY2022-Q3RestatedAnnual report
「On 5 August 2021, the Tokyo District Court issued a judgment dismissing the company's claim in this litigation. The company, dissatisfied with the judgment, filed an appeal with the Tokyo High Court on 18 August 2021.」
The company reiterates that, following dismissal of its claim at first instance in the action for partial revocation of the surcharge payment order, it filed an appeal. - FY2022-Q2First-instance claim dismissed; appeal filedAnnual report
「On 5 August 2021, the Tokyo District Court issued a judgment dismissing the company's claim in this litigation. The company, dissatisfied with the judgment, filed an appeal with the Tokyo High Court on 18 August 2021.」
In the action for partial revocation of the surcharge payment order, the Tokyo District Court dismissed the company's claim, and the company filed an appeal with the Tokyo High Court. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous consolidated fiscal year. There were no material events or other matters.」
The company states that there were no material changes to the business and other risks from the previous consolidated fiscal year. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. There were no material events or other matters.」
The company states that there were no material changes to the risks associated with the business and other activities. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes in the risks relating to the Antimonopoly Act matter from the previous fiscal year. - FY2020Payment of surcharge, filing of action for revocation, and reduction in provisionAnnual report
「Because the company and the Japan Fair Trade Commission hold differing views in part regarding the sales included in the basis for calculating the surcharge under the above surcharge payment order, the company filed an action with the Tokyo District Court in January 2020 seeking revocation of part of the order.」
For the matter subject to the cease-and-desist order and surcharge payment order, surcharge-related payments through operating activities amounted to ¥2,897 million and the provision for losses decreased from ¥4,346 million to zero, while the company filed an action for partial revocation in January 2020. - FY2020-Q3MitigatedAnnual report
「The quarterly net income attributable to owners of the parent was ¥4,115 million, up 59.5% year on year, mainly due to the recognition of ¥1,448 million in reversals of the provision for Antimonopoly Act-related losses as an extraordinary gain.」
The company recognized a ¥1,448 million reversal of the provision for Antimonopoly Act-related losses, reducing the provision balance on the balance sheet from ¥4,346 million at the end of the previous consolidated fiscal year to ¥2,897 million. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes to the business and other risks. Receipt of the cease-and-desist order and surcharge payment order relating to asphalt-mixture sales continued to be disclosed in the issues and the financial statements. - FY2020-Q1MaterialisedAnnual report
「On 28 February 2017, the company was subject to an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with the setting of the selling prices of asphalt mixtures sold nationwide. The company subsequently fully cooperated with the Commission's investigation, but on 30 July 2019 received from the Commission a cease-and-desist order and a surcharge payment order.」
The Antimonopoly Act matter concerning asphalt-mixture selling prices progressed from the previous on-site inspection and investigation stage to receipt of the cease-and-desist order and surcharge payment order on 30 July 2019. - FY2019MaterialisedAnnual report
「The company had been subject to an on-site inspection by the Japan Fair Trade Commission in prior years on suspicion that asphalt-mixture manufacturers had jointly decided to raise selling prices. On 6 March 2019, it received from the Commission a notice of hearing concerning draft cease-and-desist and surcharge payment orders.」
For the Antimonopoly Act matter relating to asphalt-mixture sales, the company received a notice of hearing concerning draft cease-and-desist and surcharge payment orders, and the investigation had progressed to the draft-order stage. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. There were no material events or other matters.」
The company states that there were no material changes to the business and other risks. The provision for Antimonopoly Act-related losses remained at ¥3,036 million on the balance sheet. - FY2019-Q2RestatedAnnual report
「The company received a 30-day business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism on 7 June 2018 covering its public- and private-works business nationwide in the pavement construction sector (22 June 2018 to 21 July 2018) for violations of the Antimonopoly Act relating to prior-year bids for pavement works ordered by the Tokyo Metropolitan Government, Tokyo Port Terminal Corporation and Narita International Airport Corporation. In addition, the company had been subject to an on-site inspection by the Japan Fair Trade Commission in prior years on suspicion that asphalt-mixture manufacturers had jointly decided to raise selling prices. As the matter progressed, it estimated the losses that may arise in the future and recorded an extraordinary loss in its results for the previous consolidated fiscal year.」
The company reiterates the previously disclosed 30-day business suspension order, the investigation relating to asphalt-mixture sales, and the recognition of an extraordinary loss. - FY2019-Q1RestatedAnnual report
「The company received a 30-day business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism on 7 June 2018 covering its public- and private-works business nationwide in the pavement construction sector (22 June 2018 to 21 July 2018) for violations of the Antimonopoly Act relating to prior-year bids for pavement works ordered by the Tokyo Metropolitan Government, Tokyo Port Terminal Corporation and Narita International Airport Corporation. In addition, the company had been subject to an on-site inspection by the Japan Fair Trade Commission in prior years on suspicion that asphalt-mixture manufacturers had jointly decided to raise selling prices. As the matter progressed, it estimated the losses that may arise in the future and recorded an extraordinary loss in its results for the previous consolidated fiscal year.」
The company reiterates the previously disclosed 30-day business suspension order, the status of the Antimonopoly Act investigation relating to asphalt-mixture sales, and the recognition of an extraordinary loss. - FY2018MaterialisedAnnual report
「The company received a surcharge payment order from the Japan Fair Trade Commission on 28 March 2018 for violations of the Antimonopoly Act relating to prior-year bids for pavement works ordered by Tokyo Port Terminal Corporation. On 7 June 2018, it also received a 30-day business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism covering its public- and private-works business nationwide in the pavement construction sector (22 June 2018 to 21 July 2018), together with violations relating to bids for pavement works ordered by the Tokyo Metropolitan Government and Narita International Airport Corporation. In addition, the company had been subject to an on-site inspection by the Commission during the previous consolidated fiscal year on suspicion that asphalt-mixture manufacturers had jointly decided to raise selling prices. As the matter progressed, the company estimated the losses that may arise in the future and recorded an extraordinary loss in its results for the fiscal year under review.」
The company received a surcharge payment order concerning the Tokyo Port Terminal matter and a 30-day business suspension order concerning matters involving the Tokyo Metropolitan Government and Narita International Airport, among others. The provision expense for Antimonopoly Act-related losses reached ¥3,036 million, further increasing the financial impact of the risk. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year. At the end of the third quarter, the company recorded in its provision for Antimonopoly Act-related losses its current estimate of losses that may arise in the future in connection with the matter for which it was subject to a prior-year on-site inspection by the Japan Fair Trade Commission.」
While stating that there were no material changes to key risks, the company continued to recognize a ¥2,722 million provision for the prior-year Antimonopoly Act-related matter. - FY2018-Q2MaterialisedAnnual report
「During the cumulative second quarter of the fiscal year, the company recorded in its provision for Antimonopoly Act-related losses its current estimate of losses that may arise in the future in connection with the matter for which it was subject to a prior-year on-site inspection by the Japan Fair Trade Commission.」
For a prior-year Antimonopoly Act-related matter, the company recognized a provision of ¥2,722 million for estimated future losses and recorded a quarterly net loss attributable to owners of the parent of ¥1,567 million. The financial impact of the risk materialized. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no occurrences of matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes to the business and other risks described for the previous fiscal year. - FY2017WorsenedAnnual report
「The company received a cease-and-desist order from the Japan Fair Trade Commission in September 2016 for violations of the Antimonopoly Act relating to prior-year bids for pavement works, and a business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism in November 2016. Separately, it was subject to multiple on-site inspections by the Commission during the consolidated fiscal year under review on suspicion of Antimonopoly Act violations relating to bids for pavement works and asphalt-mixture sales.」
In addition to the existing cease-and-desist order and business suspension order, the company disclosed a 28 February 2017 on-site inspection concerning suspected nationwide price increases and other matters relating to asphalt-mixture sales, indicating that the scope of the investigation was expanding. - FY2017-Q3MaterialisedAnnual report
「Following receipt of a cease-and-desist order from the Japan Fair Trade Commission for violating the Antimonopoly Act in connection with bids for pavement disaster-recovery works related to the Great East Japan Earthquake ordered by the Tohoku and Kanto regional offices of East Nippon Expressway Company Limited, the company received a 45-day business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism on 17 November 2016 covering its public-works business nationwide in the pavement construction sector (2 December 2016 to 15 January 2017).」
As a result of receiving a cease-and-desist order concerning a prior-year Antimonopoly Act violation, the company received a 45-day business suspension order from the Ministry of Land, Infrastructure, Transport and Tourism. - FY2017-Q2WorsenedAnnual report
「The company received cease-and-desist orders from the Japan Fair Trade Commission on 6 September 2016 and 21 September 2016, respectively, for violations of the Antimonopoly Act relating to bids for pavement disaster-recovery works related to the Great East Japan Earthquake ordered by the Tohoku and Kanto regional offices of East Nippon Expressway Company Limited. In addition, on 2 August 2016, the company was subject to an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with pavement works ordered by the Tokyo Metropolitan Government, Tokyo Port Terminal Corporation or Narita International Airport Corporation, or pavement works relating to Tokyo International Airport ordered by the Ministry of Land, Infrastructure, Transport and Tourism. On 29 September 2016, it was also inspected on suspicion that asphalt-mixture manufacturers had jointly decided to raise the selling prices of asphalt mixtures supplied in Kobe and surrounding areas.」
For prior-year matters, the company received cease-and-desist orders from the Japan Fair Trade Commission and was newly subject to on-site inspections concerning works ordered by the Tokyo Metropolitan Government and others and asphalt-mixture sales around Kobe. The Antimonopoly Act-related matters have expanded. - FY2017-Q1MaterialisedAnnual report
「On 2 August 2016, the company was subject to an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with pavement works ordered by the Tokyo Metropolitan Government and others. As of the date of submission of this quarterly report, the Commission's investigations remain ongoing, including the prior-year matter for which the company was subject to an on-site inspection and the matter for which it applied for leniency.」
In addition to prior-year matters, the company was subject to a new on-site inspection concerning works ordered by the Tokyo Metropolitan Government and others, and discloses that the investigation remains ongoing. - FY2016MaterialisedAnnual report
「The company was subject to an on-site inspection by the Japan Fair Trade Commission and a compulsory investigation by the Tokyo District Public Prosecutors Office on suspicion of violating the Antimonopoly Act. It has also applied to the Japan Fair Trade Commission for leniency in connection with Antimonopoly Act violations relating to bids for pavement disaster-recovery works related to the Great East Japan Earthquake ordered by the Tohoku Regional Office of East Nippon Expressway Company Limited.」
The company discloses that it was actually subject to on-site inspections and other actions concerning works ordered by the Tohoku and Kanto regional offices.