Investigation into Power Cable Transactions by the Brazilian Competition Authority
First written in FY2016. 2 of 5 entries say "Materialised", first in FY2016. Latest entry: FY2023.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「The principal risks are as follows.」
Neither the list of principal risks for the fiscal year nor the main text mentions the investigation by Brazil's competition authority into power cable transactions. - FY2020MaterialisedAnnual report
「On 15 April this year, the company received a decision from Brazil's competition authority ordering the payment of fines. The fines were 420,955.66 Brazilian reais (approximately ¥8 million) for the former エクシム (now 昭和電線ケーブルシステム) and 100,000.00 Brazilian reais (approximately ¥2 million) for one former employee of the company. The impact on performance is considered immaterial.」
The investigation by Brazil's competition authority progressed to a decision ordering the payment of fines, and the fine amounts and the company's assessment of the impact on performance were disclosed. - FY2019AdvancedAnnual report
「The committee held its first hearing on 11 June of this year, local time, but no date had been set for the next hearing as of the submission date.」
The investigation by Brazil's competition authority was described as having progressed procedurally to the holding of the first adjudication hearing. - FY2017RestatedAnnual report
「Brazilian competition authorities are currently investigating multiple business groups, including the Group, on suspicion of violating competition law in connection with power cable transactions. At present, it is difficult to predict whether the investigation will affect the Group's operating results or other aspects of its business.」
The investigation by the Brazilian competition authorities and the difficulty of predicting its impact continue to be disclosed. - FY2016MaterialisedAnnual report
「Brazilian competition authorities are currently investigating multiple business groups, including the Group, on suspicion of violating competition law in connection with power cable transactions. At present, it is difficult to predict whether the investigation will affect the Group's operating results or other aspects of its business.」
The disclosure states that the investigation has already begun but that its potential impact cannot be predicted.