International competition-law investigations, fines, damages and class actions
First written in FY2016. 9 of 20 entries say "Restated". Latest entry: FY2021.
1 other company's latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Competition law-related loss provision 1,145 －」
The competition law-related loss provision balance fell from ¥1,145 million at the end of the previous fiscal year to zero. Disclosures regarding litigation and tax matters related to competition law continue separately. - FY2021-Q3Decrease in the competition law-related loss provision balanceAnnual report
「Competition law-related loss provision 1,145 36」
The competition law-related loss provision balance decreased from ¥1,145 million at the end of the previous consolidated fiscal year to ¥36 million at the end of the third quarter of the current consolidated fiscal year. Meanwhile, the company continues to provide information on the possibility of additional losses. - FY2021-Q2RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the second quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The company continues to recognize a competition law-related loss provision and provide information on the possibility of additional losses if new facts come to light. The provision balance is ¥58 million. - FY2021-Q1Sharp decline in the provision for competition-law-related lossesAnnual report
「Competition law-related loss provision 1,145 58」
The competition law-related loss provision decreased from ¥1,145 million at the end of the previous consolidated fiscal year to ¥58 million at the end of the first quarter of the current consolidated fiscal year. Meanwhile, the company continues to provide information on the possibility of additional losses. - FY2020-Q3RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the third quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company has continued to record a provision for competition-law-related losses and explain the possibility of additional losses. The provision balance at the end of the third quarter was ¥1,172 million. - FY2020-Q2RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the second quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company has continued to record a provision for competition-law-related losses and explain the possibility of additional losses. The provision balance at the end of the fiscal year was ¥1,177 million. - FY2020-Q1RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the first quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company has continued to record a provision for competition-law-related losses and explain the possibility of additional losses if new facts come to light. The provision balance at the end of the fiscal year was ¥1,177 million, unchanged from the end of the previous fiscal year. - FY2019RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company has continued to record a provision for competition-law-related losses and explain the possibility of additional losses. The provision balance at the end of the fiscal year was ¥1,177 million. - FY2019-Q3WorsenedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the third quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses increased from ¥1,174 million at the end of the previous quarter to ¥1,564 million, with ¥389 million charged to expense during the cumulative third quarter. The possibility of additional losses has also continued to be disclosed. - FY2019-Q2RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the second quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company recorded a provision for competition-law-related losses and continued to disclose the possibility of additional losses. The provision balance at the end of the fiscal year was ¥1,353 million, after ¥178 million was charged to expense during the first half. - FY2019-Q1WorsenedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the first quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses increased from ¥1,174 million at the end of the previous fiscal year to ¥1,353 million, with ¥178 million charged to expense in the first quarter of the current fiscal year. The possibility of additional losses has also continued to be disclosed. - FY2018Sharp decline in the provision balance, while the possibility of additional losses remainsAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses decreased from ¥9,167 million at the end of the previous fiscal year to ¥1,174 million, while ¥2,145 million was charged to expense during the current fiscal year and the possibility of additional losses continued to be disclosed. - FY2018-Q3Further decline in the provision balance, while the possibility of additional losses remainsAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the third quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses decreased from ¥9,167 million at the end of the previous consolidated fiscal year and ¥2,607 million at the end of the second quarter of the previous consolidated fiscal year to ¥1,174 million, while ¥2,145 million was charged to expense during the cumulative third quarter and the possibility of additional losses continued to be disclosed. - FY2018-Q2Provision balance declines, while the possibility of additional losses remainsAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the second quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses decreased from ¥9,167 million at the end of the previous consolidated fiscal year to ¥2,607 million, while ¥1,070 million was charged to expense during the cumulative second quarter of the current fiscal year and the possibility of additional losses continued to be disclosed. - FY2018-Q1RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the first quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The Company has continued to record a provision for competition-law-related losses and explain the possibility of additional losses if new facts come to light. The provision balance at the end of the fiscal year was ¥9,167 million, unchanged from the end of the previous consolidated fiscal year. - FY2017WorsenedAnnual report
「The Company recorded ¥6,313 million as an expense for the provision for competition-law-related losses and ¥4,161 million in impairment losses on fixed assets as extraordinary losses, and recorded ¥11,213 million as the estimated amount of a possible reassessment based on the transfer pricing rules under prior-period income taxes. As a result, the amount was ¥36,379 million, down 31.8% year on year.」
The Company recorded ¥6,313 million as an expense for the provision for competition-law-related losses during the current fiscal year, bringing the provision for competition-law-related losses on the consolidated balance sheet to ¥9,167 million. - FY2017-Q3RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the third quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The explanation regarding the provision for competition-law-related losses and the possibility of additional losses if new facts come to light has been continued. - FY2017-Q2RestatedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the second quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The explanation regarding the provision for competition-law-related losses and the possibility of additional losses has been continued. - FY2017-Q1WorsenedAnnual report
「In light of these developments, the Company has estimated potential future losses and recorded the estimated amount as a provision for competition-law-related losses at the end of the first quarter of the current consolidated fiscal year. However, additional losses may arise if new facts come to light.」
The provision for competition-law-related losses increased from ¥4,307 million at the end of the previous consolidated fiscal year to ¥5,369 million, with ¥1,062 million charged to expense during the quarter. The possibility of additional losses has also been disclosed. - FY2016First statedAnnual report
「In September 2015, the Company reached a plea agreement with the U.S. Department of Justice concerning alleged violations of U.S. antitrust laws in connection with some transactions involving automotive catalyst substrates. The agreement principally required payment of a fine of US$65.30 million, which was paid in full in November of the same year. In light of these developments, the Company has been negotiating damages and other matters with relevant customers, and has made certain payments.」
The international investigation has progressed to the payment of fines, negotiations with customers over damages, certain payments and civil litigation.