Japan Fair Trade Commission Investigation Related to Suspected Antimonopoly Act Violations
First written in FY2017. 4 of 7 entries say "Materialised", first in FY2017. Latest entry: FY2020.
Hokkan Limited moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Other".
- FY2020No allowance expense recognized in the current fiscal yearAnnual report
「Profit attributable to owners of the parent was ¥1,968 million, up 71.1% year on year. This increase was due mainly to the absence in the current consolidated fiscal year of the allowance expense for losses related to Antimonopoly Act matters that had been recognized as an extraordinary loss in the previous consolidated fiscal year.」
The allowance expense for losses related to Antimonopoly Act matters recognized in the previous fiscal year was not recognized in the current fiscal year, contributing to the year-on-year increase in net income. - FY2020-Q3AdvancedAnnual report
「Accordingly, of the balance of the allowance for losses related to Antimonopoly Act matters at the end of the previous consolidated fiscal year, the finalized amount of ¥3,352 million was transferred to accounts payable included under Other current liabilities, and the difference was recognized.」
The surcharge of ¥3,352 million concerning transactions in empty beverage cans was finalized and transferred from the allowance for losses related to Antimonopoly Act matters to accounts payable. - FY2020-Q2MaterialisedAnnual report
「The Company's consolidated subsidiary 北海製罐株式会社 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 and subsequently fully cooperated with the Commission's investigation. On 26 September 2019, the Commission issued a warning concerning conduct that could potentially lead to an Antimonopoly Act violation in the future.」
The investigation concerning transactions in empty food cans progressed to the stage at which the Japan Fair Trade Commission issued a warning. In addition, for transactions in empty beverage cans, the Company received a surcharge payment order and transferred the finalized amount of ¥3,352 million to accounts payable. - FY2019MaterialisedAnnual report
「Profit attributable to owners of the parent was ¥1,150 million, down 73.0% year on year, due to the recognition of an allowance expense for losses related to Antimonopoly Act matters as an extraordinary loss.」
The investigation and suspicions concerning Antimonopoly Act matters were reflected in full-year earnings as a ¥3,557 million allowance expense for losses. - FY2018RestatedAnnual report
「The Company's subsidiary 北海製罐株式会社 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 empty beverage cans.」
The Company reiterates the Japan Fair Trade Commission's on-site inspection concerning transactions in empty beverage cans and its full cooperation with the investigation. - FY2018-Q3MaterialisedAnnual report
「The Company's subsidiary 北海製罐株式会社 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 empty beverage cans.」
Following the previous inspection concerning transactions in empty food cans, an on-site inspection by the Japan Fair Trade Commission also took place in connection with suspected Antimonopoly Act violations involving transactions in empty beverage cans. The Company and 北海製罐株式会社 are fully cooperating with the investigation. - FY2017MaterialisedAnnual report
「The Company's subsidiary 北海製罐株式会社 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.」
As a subsequent event occurring by the filing date, an on-site inspection actually took place in connection with suspected Antimonopoly Act violations involving transactions in empty food cans. The Company and its subsidiary are fully cooperating with the investigation.