Prevention of Recurrence of Cartel Conduct, etc.
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In particular, to prevent the recurrence of cartel conduct and other violations, we have strengthened controls over contact with competitors and the price-setting process and enhanced monitoring by, among other measures, obtaining advice from external experts as needed.」
To prevent cartel recurrence, the Company continues to control contact with competitors and the price-setting process and to monitor operations through advice from external experts, internal reporting and audits. - FY2024MitigatedAnnual report
「The Company has reached settlements with multiple plaintiffs, customers and others, and recognizes that the potential financial impact of the continuing matters described above on its financial results is not significant. Going forward, as in the past, the Company will work with its legal advisers to seek early resolution and minimize losses. All of the continuing matters described above relate to past violations of competition law, including an automotive parts cartel, and none of this conduct is occurring at present.」
The Company stated that it continues to pursue settlements, cooperate with its legal advisers, and take measures aimed at early resolution and loss minimization, and that no similar conduct is occurring at present. - FY2022MitigatedAnnual report
「The Company has reached settlements with multiple plaintiffs, customers and others, and recognizes that the potential financial impact of the continuing matters described above on its financial results is not significant. Going forward, as in the past, the Company will work with its legal advisers to seek early resolution and minimize losses.」
Although cartel-related matters remain ongoing, the Company disclosed multiple settlements, cooperation with its legal advisers, and measures aimed at early resolution and loss minimization. It also stated that no such conduct is occurring at present. - FY2021-Q3RestatedAnnual report
「The Company conducts regular annual self-assessments of compliance, holds compliance seminars in Japan and overseas, and provides internal training from the perspectives of competition law and anti-bribery, thereby working to establish and maintain its compliance framework.」
The Company reaffirmed its efforts to prevent recurrence and maintain its compliance framework through annual compliance self-assessments, seminars in Japan and overseas, and internal training on competition law and anti-bribery. - FY2018RestatedAnnual report
「In particular, to prevent the recurrence of cartel conduct and other violations, we strengthened controls over contact with competitors and the price-setting process, and enhanced monitoring by, among other measures, obtaining advice from external experts on a regular basis.」
The Company continues its measures to prevent cartel recurrence through controls over contact with competitors and price-setting, advice from external experts, internal reporting and internal audits. - FY2017RestatedAnnual report
「In particular, to prevent the recurrence of cartel conduct and other violations, we strengthened controls over contact with competitors and the price-setting process, and enhanced monitoring by, among other measures, obtaining advice from external experts on a regular basis.」
The Company continues to strengthen controls to prevent cartel recurrence and monitor operations through advice from external experts, internal audits and internal reporting. - FY2016First statedAnnual report
「In particular, to prevent the recurrence of cartel conduct and other violations, we strengthened controls over contact with competitors and the price-setting process, and enhanced monitoring by, among other measures, obtaining advice from external experts on a regular basis.」
The Company identified contact with competitors, price-setting, advice from external experts and internal reporting as measures to prevent recurrence.