Risk of Losses from Competition Law Investigations, Litigation and Regulatory Measures
First written in FY2016. 6 of 13 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2020-Q3.
Hitachi moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 2 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「Competition-law-related costs and other expenses −1,730 −254」
Competition-law-related costs and other expenses for the first nine months decreased from ¥1.730 billion in the same period of the previous year to ¥254 million, but expenses continued to be recorded. - FY2020-Q2MitigatedAnnual report
「Competition-law-related costs and other expenses −1,730 −81」
Competition-law-related costs and other expenses for the first six months decreased from ¥1.730 billion in the same period of the previous year to ¥81 million. However, the recording of expenses itself continued. - FY2020-Q1MitigatedAnnual report
「Competition-law-related costs and other expenses −1,631 −81」
Competition-law-related costs and other expenses decreased from ¥1.631 billion in the same period of the previous year to ¥81 million in the current period. However, the recording of expenses itself continued. - FY2019MitigatedAnnual report
「Competition-law-related costs and other expenses decreased by ¥12.5 billion from the previous fiscal year to ¥1.7 billion.」
Competition-law-related costs and other expenses decreased from ¥14.280 billion in the previous fiscal year to ¥1.730 billion, but the recording of expenses itself continued. - FY2019-Q2MitigatedAnnual report
「Competition-law-related costs and other expenses −13,839 −1,730」
Competition-law-related costs and other expenses decreased from ¥13.839 billion in the same period of the previous year to ¥1.730 billion, but expenses continued to be recorded during the current period. - FY2019-Q1MitigatedAnnual report
「Competition-law-related costs and other expenses −3,920 −1,631」
Competition-law-related costs and other expenses decreased from ¥3.920 billion in the same period of the previous year to ¥1.631 billion in the current period, but expenses continued to be recorded. - FY2018MaterialisedAnnual report
「In connection with an investigation by the European Commission, the Japanese subsidiary that had responded to a request for cooperation received a decision in March 2018 imposing an administrative fine and paid the fine in June 2018.」
The European Commission's decision to impose an administrative fine and the related payment newly arose in connection with a competition-law investigation, and legal and regulatory loss risks continued to materialize. - FY2018-Q2MaterialisedAnnual report
「Competition-law-related costs and other expenses −13,839」
The Group recorded ¥13.839 billion in competition-law-related costs and other expenses during the first six months, and losses associated with competition-law investigations and litigation continue to materialize. - FY2018-Q1MaterialisedAnnual report
「Other expenses decreased by ¥1.0 billion year on year to ¥10.9 billion, mainly because impairment losses decreased, despite the recording of competition-law-related costs and other expenses.」
Competition-law-related costs and other expenses were recorded during the quarter, and losses associated with competition-law investigations and litigation continue to materialize. - FY2017MaterialisedAnnual report
「In connection with this matter, the Group entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice, providing for the payment of a fine and other matters, and paid the fine in March 2017.」
A fine was paid in connection with a competition-law matter involving automotive components. - FY2017-Q2MaterialisedAnnual report
「In connection with this matter, in August 2016, the Japanese subsidiary that had responded to a request for cooperation with the investigation, together with a U.S. subsidiary, entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice, providing for the payment of a fine and other matters.」
With respect to the competition-law investigation involving automotive components, the entry into a plea agreement with the Antitrust Division of the U.S. Department of Justice in August 2016 was disclosed. - FY2017-Q1MaterialisedAnnual report
「In April 2016, a Japanese subsidiary entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice, providing for the payment of a fine and other matters, and paid the fine in June 2016.」
With respect to competition-law investigation and litigation risks, the Group entered into a plea agreement with the U.S. Department of Justice and paid a fine during the quarter. - FY2016First statedAnnual report
「Over the past several years, the Group has been subject to investigations by regulatory authorities in Japan, Europe and North America concerning possible violations of competition law involving certain products, and has received claims for damages and other payments from customers and others.」
The Group recorded ¥22.3 billion in competition-law-related costs, with investigations, administrative fines, criminal fines and civil claims arising in connection with optical disk drives, automotive components, capacitors and other products.