Competition Law Investigations and Overseas Class Actions
First written in FY2016. 7 of 21 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe business and other risks section of this filing contains no separate disclosure of the overseas competition-authority investigations, class-action lawsuits in the United States and Canada, or related losses concerning bearing transactions that had been described through the previous filing.
- FY2022-Q1MitigatedAnnual report
「Antitrust-related losses 5 –」
In connection with the investigations and lawsuits involving competition authorities, no antitrust-related losses were recorded in the first quarter, compared with ¥5 million in the same period of the previous year. - FY2021Updated the amount of related losses for the full year.Annual report
「Extraordinary losses totaled ¥247 million, comprising ¥1 million in losses on the sale of property, plant and equipment, ¥168 million in losses on the disposal of property, plant and equipment, ¥62 million in antitrust-related losses, and ¥14 million in impairment losses on investment securities, a decrease of ¥429 million from the previous consolidated fiscal year.」
Amid ongoing competition-law investigations and lawsuits, antitrust-related losses amounted to ¥62 million, down from ¥299 million in the previous fiscal year. - FY2021-Q3Updated the amount of antitrust-related losses.Annual report
「Antitrust-related losses 297 62」
Amid ongoing investigations and lawsuits involving competition authorities, antitrust-related losses decreased from ¥297 million in the same period of the previous year to ¥62 million. - FY2021-Q2SoftenedAnnual report
「The Company and its subsidiaries are under investigation by overseas competition authorities regarding past bearing transactions. In addition, a class-action lawsuit has been filed in Canada against the Company and its subsidiaries in connection with these investigations. Losses may arise depending on the outcome of these lawsuits and other proceedings, but it is difficult to reasonably estimate the amount at this time, and the impact on the Group's results and other matters is unclear.」
The description of the class-action lawsuits in this filing refers only to Canada, compared with the previous description of the United States and Canada. The descriptions of the competition-authority investigations and the possibility of losses remain unchanged. - FY2021-Q1MaterialisedAnnual report
「Antitrust-related losses – 5」
Amid ongoing investigations by overseas competition authorities and class-action lawsuits, ¥5 million in antitrust-related losses, which had not been recorded in the same period of the previous year, were recorded for the cumulative first quarter. - FY2020-Q3MaterialisedAnnual report
「Antitrust-related losses – 297」
Amid ongoing investigations by overseas competition authorities and class-action lawsuits in the United States and Canada, ¥297 million in antitrust-related losses were recorded for the cumulative third quarter. - FY2020-Q2RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations. Losses may arise in the future depending on the outcome of these and other actions, but it is currently difficult to reasonably estimate the amount, and the impact on the business performance and other results of our group is unclear.」
Investigations by overseas competition authorities and class-action lawsuits in the United States and Canada remain ongoing, and the disclosure continues to state that it is difficult to reasonably estimate the potential losses and their impact. - FY2019Confirmed that no related losses were recorded for the full year.Annual report
「Extraordinary losses included ¥28 million in losses on the sale of property, plant and equipment, ¥135 million in losses on the disposal of property, plant and equipment, ¥172 million in impairment losses on investment securities, and ¥100 million in losses on the liquidation of a subsidiary (NACHI (AUSTRALIA)PTY.LTD.). Nevertheless, extraordinary losses decreased by ¥159 million from the previous consolidated fiscal year, when antitrust-related losses were recorded.」
Although investigations by overseas competition authorities and class-action lawsuits in the United States and Canada remain ongoing, no antitrust-related losses were recorded for the year. - FY2019-Q3RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations. Losses may arise in the future depending on the outcome of these and other actions, but it is currently difficult to reasonably estimate the amount, and the impact on the business performance and other results of our group is unclear.」
Investigations by overseas competition authorities and class-action lawsuits in the United States and Canada remain ongoing, and the disclosure continues to state that it is difficult to reasonably estimate the potential losses and their impact. - FY2019-Q2RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations. Losses may arise in the future depending on the outcome of these and other actions, but it is currently difficult to reasonably estimate the amount, and the impact on the business performance and other results of our group is unclear.」
Investigations by overseas competition authorities and class-action lawsuits in the United States and Canada are ongoing. No antitrust-related losses have been recorded for the current fiscal year. - FY2019-Q1No antitrust-related losses were recorded in the first quarter, while the lawsuits remain ongoing.Annual report
「Antitrust-related losses 558 –」
Although investigations by overseas competition authorities and class-action lawsuits in the United States and Canada remain ongoing, no antitrust-related losses were recorded for the cumulative first quarter of the current consolidated fiscal year. - FY2018RestatedAnnual report
「The Group is under investigation by overseas competition authorities regarding past bearing transactions. In addition, class-action lawsuits have been filed in the United States and Canada against the Company and its subsidiaries in connection with these investigations. Depending on the outcome of these lawsuits and other proceedings, losses may arise and affect the Group's results.」
Investigations by overseas competition authorities and class-action lawsuits in the United States and Canada are ongoing. Full-year antitrust-related losses amounted to ¥558 million. - FY2018-Q3RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations.」
Investigations by overseas competition authorities and class-action lawsuits in the United States and Canada are ongoing. Antitrust-related losses for the cumulative third quarter amounted to ¥558 million. - FY2018-Q2RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations.」
Investigations by overseas competition law authorities and class actions in the United States and Canada continue. Cumulative losses related to antitrust law and other matters for the second quarter amounted to ¥558 million. - FY2018-Q1WorsenedAnnual report
「Losses related to antitrust law and other matters 558」
Amid continuing investigations by overseas competition law authorities and class actions in the United States and Canada, losses related to antitrust law and other matters increased from ¥3 million in the same period of the previous year to ¥558 million. - FY2017MitigatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations. In the case filed in the United States, we reached settlements with some plaintiffs during the current consolidated fiscal year.」
The competition law investigations and class actions continue, but during the current consolidated fiscal year, settlements were reached with some plaintiffs in the US litigation. - FY2017-Q3RestatedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations.」
Investigations by overseas authorities and class actions in the United States and Canada continue. Cumulative quarterly losses related to antitrust law and other matters amounted to ¥553 million. - FY2017-Q2WorsenedAnnual report
「Losses related to antitrust law and other matters 553」
Amid continuing competition law-related class actions and regulatory investigations, losses related to antitrust law and other matters for the cumulative second quarter amounted to ¥553 million, up from ¥117 million in the same period of the previous year. - FY2017-Q1MaterialisedAnnual report
「Our company and its subsidiaries are being investigated by overseas competition law authorities in connection with past bearing transactions. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations. Losses may arise in the future depending on the outcome of these and other actions, but it is currently difficult to reasonably estimate the amount, and the impact on the business performance and other results of our group is unclear.」
The company continues to disclose the class actions in the United States and Canada and the possibility of future losses. In addition, ¥3 million in losses related to antitrust law and other matters was recorded in the first-quarter income statement. - FY2016First statedAnnual report
「Our company and its subsidiaries have been investigated by overseas competition law authorities in connection with past bearing transactions. In August 2016, we reached a settlement with the Administrative Council for Economic Defense of Brazil for payment of 3.14 million reais. In addition, class actions have been filed against our company and its subsidiaries in the United States and Canada in connection with these investigations, and similar actions may be filed in the future.」
Investigations by competition law authorities resulted in a settlement of 3.14 million reais in Brazil, and class actions have also been filed in the United States and Canada.