Suspected Violation of the Antimonopoly Act in Transactions Involving Empty Food Cans and Inspection by the Japan Fair Trade Commission
First written in FY2017. 5 of 9 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2021-Q3.
Toyo Seikan Group Holdings moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2021-Q3MaterialisedAnnual report
「Liabilities at the end of the third-quarter consolidated accounting period were ¥372,632 million, a decrease of ¥27,948 million from the end of the previous consolidated fiscal year, mainly due to the payment of surcharges and other costs related to losses under the Antimonopoly Act.」
The payment of surcharges and other costs related to the Antimonopoly Act was reflected in the financial position at the end of the third quarter as a decrease in liabilities. - FY2021-Q2MaterialisedAnnual report
「Due to pretax quarterly net income of ¥10,988 million, depreciation and amortization of ¥23,196 million, payment of surcharges of ¥12,014 million and other factors, the increase in cash and cash equivalents from operating activities for the cumulative second quarter of the current consolidated fiscal year was ¥14,237 million, down 60.2% year on year.」
The ¥12,014 million payment of surcharges related to the Antimonopoly Act was reflected in operating cash flow for the first half. - FY2020MaterialisedAnnual report
「Loss related to the Antimonopoly Act: ¥12,052 million. Toyo Seikan Co., Ltd., the Company's domestic consolidated subsidiary, received a cease-and-desist order and a surcharge payment order from the Japan Fair Trade Commission for conduct in violation of the Antimonopoly Act concerning transactions involving beverage cans. The amount was recognized based on the surcharge payment order.」
The Japan Fair Trade Commission's inspection concerning transactions involving beverage cans led to a cease-and-desist order, a surcharge payment order and recognition of a ¥12,052 million loss, meaning that the risk materialized as an actual loss. - FY2020-Q3RestatedAnnual report
「Quarterly net income attributable to owners of the parent was ¥5,119 million, down 67.9% year on year, due to the recognition of a provision for losses related to the Antimonopoly Act in the first-quarter consolidated accounting period.」
The impact of the ¥12,014 million provision for losses related to the Antimonopoly Act continued to be reflected in net income attributable to owners of the parent for the cumulative third quarter. - FY2020-Q2RestatedAnnual report
「Quarterly net income attributable to owners of the parent was ¥314 million, down 97.3% year on year, due to the recognition of a provision for losses related to the Antimonopoly Act in the first-quarter consolidated accounting period.」
The impact of the ¥12,014 million provision for losses related to the Antimonopoly Act continued to be reflected in net income attributable to owners of the parent for the first half. - FY2020-Q1MaterialisedAnnual report
「Quarterly net income attributable to owners of the parent was a loss of ¥5,868 million due to the recognition of a provision for losses related to the Antimonopoly Act, compared with net income of ¥8,296 million in the same period of the previous year.」
A provision of ¥12,014 million for losses related to the Antimonopoly Act was recognized in connection with the inspections concerning transactions involving empty food cans and beverage cans, resulting in a quarterly net loss. - FY2018RestatedAnnual report
「The Company and its consolidated subsidiary, Toyo Seikan Co., Ltd., underwent Japan Fair Trade Commission on-site inspections on 20 April 2017 and 6 February 2018 on suspicion of violating the Antimonopoly Act in transactions involving empty food cans and beverage cans, respectively, and the Commission's inspections are still ongoing.」
The Company disclosed throughout the fiscal year that the Japan Fair Trade Commission's inspections concerning transactions involving empty food cans and beverage cans were ongoing. - FY2018-Q3MaterialisedAnnual report
「Toyo Seikan Co., Ltd., the Company's consolidated subsidiary, underwent an on-site inspection by the Japan Fair Trade Commission on 6 February 2018 on suspicion of violating the Antimonopoly Act in transactions involving beverage cans.」
In addition to the previously disclosed transactions involving empty food cans, the Company disclosed that it had undergone a Japan Fair Trade Commission on-site inspection on suspicion of violating the Antimonopoly Act in transactions involving beverage cans. - FY2017First statedAnnual report
「Toyo Seikan Co., Ltd., the Company's consolidated subsidiary, underwent an on-site inspection by the Japan Fair Trade Commission on 20 April 2017 on suspicion of violating the Antimonopoly Act in transactions involving empty food cans.」
The Company disclosed for the first time in the other information section of its filings that it had undergone a Japan Fair Trade Commission on-site inspection on suspicion of violating the Antimonopoly Act in transactions involving empty food cans.