Investigations and litigation concerning the Antimonopoly Act and competition law
First written in FY2016. 10 of 21 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding this action.」
The litigation concerning the Brazilian tax authorities' additional tax assessment of approximately 367 million reais remains ongoing, and the disclosure continues to state that no conclusion has been reached. - FY2025-H1RestatedAnnual report
「NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding this action.」
The litigation concerning the Brazilian tax authorities' additional tax assessment of approximately 367 million reais remains ongoing, and the disclosure continues to state that no conclusion has been reached. - FY2024-Q3RestatedAnnual report
「NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding this action.」
The litigation concerning the Brazilian tax authorities' additional tax assessment of approximately 367 million reais remains ongoing, and the disclosure continues to state that no conclusion has been reached. - FY2023RestatedAnnual report
「NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding this action.」
The Brazilian tax litigation concerning an additional tax assessment of approximately 367 million reais remains ongoing, and the disclosure continues to state that no conclusion has been reached. - FY2022Appeal withdrawn; judgment became finalAnnual report
「Disputing the decision, the Company appealed to the Court of Justice of the European Union on 17 December 2021, but withdrew the appeal on 11 March 2022, and the judgment became final.」
In the litigation concerning the fine imposed under European competition law, the appeal was withdrawn and the General Court's judgment dismissing the claims became final. The Brazilian tax litigation remains ongoing. - FY2022-Q3Appeal against European judgmentAnnual report
「Disputing the decision, the Company appealed to the Court of Justice of the European Union on 17 December 2021.」
Following the General Court's judgment of 29 September 2021 dismissing the claims, the Company appealed to the Court of Justice of the European Union on 17 December 2021. - FY2022-Q2Claim dismissed in European litigationAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision, but on 29 September 2021 the court issued a judgment dismissing the Company's claims.」
In the litigation concerning the fine imposed under European competition law, a judgment dismissing the Company's claims was issued on 29 September 2021. The Brazilian tax litigation was stated to remain pending. - FY2022-Q1RestatedAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision. NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding these actions.」
The disclosure continues to state that the litigation concerning the fine imposed under European competition law and the Brazilian tax litigation remain ongoing, with no conclusion reached in either case at this time. It also states that the additional tax assessment in the Brazilian case amounts to approximately 367 million reais. - FY2021-Q1RestatedAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision.」
The disclosure continues to state that the litigation concerning the fine imposed under European competition law remains ongoing. - FY2020-Q2RestatedAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision. …NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais.」
The disclosure continues to state that the litigation concerning the fine imposed under European competition law and the Brazilian tax litigation remain ongoing, with no conclusion reached at this time. - FY2019RestatedAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision. …NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais.」
Following the settlement of the Canadian class actions, the litigation concerning the fine imposed under European competition law and the Brazilian tax litigation remain ongoing, with no conclusion reached. - FY2019-Q3Settlement of Canadian class actions; other cases ongoingAnnual report
「Several companies in the NEC Group had been defendants in civil actions (class actions) in Canada alleging violations of the Canadian Competition Act in the lithium-ion rechargeable battery industry, but settled with the plaintiffs.」
The Canadian class action related to lithium-ion rechargeable batteries was settled. Meanwhile, the litigation concerning the fine imposed under European competition law and the Brazilian tax litigation remain ongoing, with no conclusion reached. - FY2019-Q2RestatedAnnual report
「Several companies in the NEC Group are defendants in civil actions (class actions) in Canada alleging violations of the Canadian Competition Act in the lithium-ion rechargeable battery industry. In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision. NEC Latin America S.A., a consolidated subsidiary of the Company, received an additional tax assessment from the Brazilian tax authorities for withholding tax on loans from prior years, amounting to approximately 367 million reais. The company, disputing the assessment, filed an action seeking its annulment, and the matter is currently pending. No conclusion has been reached at this time regarding the litigation in these various countries and regions.」
The Canadian Competition Act class actions, litigation concerning the fine imposed under European competition law, and litigation concerning the Brazilian tax authorities' additional tax assessment of approximately 367 million reais remain ongoing, and the disclosure continues to state that no conclusion has been reached. - FY2018MaterialisedAnnual report
「In connection with violations of European competition law in the capacitor industry by NEC Tokin Co., Ltd., formerly a consolidated subsidiary of the Company, the European Commission decided to impose a fine on the Company. The Company, disputing the decision, filed an action with the European courts seeking, among other relief, the annulment of part of the decision.」
In the European competition law case, the European Commission actually decided to impose a fine, and the Company filed an action seeking, among other relief, the annulment of part of the decision. The Canadian class actions and Brazilian tax litigation also remain ongoing. - FY2018-Q3Settlement of U.S. lithium-ion litigation; other cases ongoingAnnual report
「The Company was a defendant in a civil action (class action) in the United States alleging violations of antitrust law in the lithium-ion rechargeable battery industry, but settled with the plaintiffs. In addition, several companies in the NEC Group are defendants in civil actions (class actions) in Canada alleging violations of the Canadian Competition Act in the lithium-ion rechargeable battery industry. In connection with possible violations of European competition law at the time by NEC Tokin Co., Ltd. (now Tokin Co., Ltd.), formerly a consolidated subsidiary of the Company, the Company is under investigation by the European Commission as its parent company at the time.」
The U.S. class action related to lithium-ion rechargeable batteries was settled. Meanwhile, the Canadian class actions and the European Commission's investigation remain ongoing. - FY2018-Q2RestatedAnnual report
「The Company is a defendant in a civil action (class action) in the United States alleging violations of antitrust law in the lithium-ion rechargeable battery industry. In addition, several companies in the NEC Group are defendants in civil actions (class actions) in Canada alleging violations of the Canadian Competition Act in the lithium-ion rechargeable battery industry. In connection with possible violations of European competition law at the time by NEC Tokin Co., Ltd. (now Tokin Co., Ltd.), formerly a consolidated subsidiary of the Company, the Company is under investigation by the European Commission as its parent company at the time. No conclusion has been reached at this time regarding the investigations by government authorities and litigation in these various countries and regions.」
The disclosure reiterates that the class actions in the United States and Canada and the European Commission's investigation remain ongoing, with no conclusion reached at this time. - FY2018-Q1Ongoing cases with no conclusion reachedAnnual report
「The Company is a defendant in a civil action (class action) in the United States alleging violations of antitrust law in the lithium-ion rechargeable battery industry. In addition, several companies in the NEC Group are defendants in civil actions (class actions) in Canada alleging violations of the Canadian Competition Act in the lithium-ion rechargeable battery industry. …No conclusion has been reached at this time regarding the investigations by government authorities and litigation in these various countries and regions.」
The disclosure states that class actions related to lithium-ion rechargeable batteries in the United States and Canada, as well as investigations into European competition law, remain ongoing, with no conclusion reached at this time. - FY2017MaterialisedAnnual report
「In July 2016, the company was found by the Japan Fair Trade Commission to have engaged in conduct violating the Antimonopoly Act in connection with transactions with Tokyo Electric Power Company, Incorporated (now Tokyo Electric Power Company Holdings, Incorporated) involving telecommunications equipment for electric-power security. In February 2017, it received a cease-and-desist order and a surcharge payment order for transactions involving digital radio equipment for fire and emergency services and transactions with Chubu Electric Power Company,Incorporated involving hybrid optical communications equipment and transmission-line equipment.」
Regarding risks related to Japan's Antimonopoly Act, multiple cases have actually resulted in findings of violations, cease-and-desist orders and surcharge payment orders. The disclosure also refers to fines imposed by the Brazilian competition authority and class-action lawsuits overseas. - FY2017-Q3One class-action settlement and other matters ongoingAnnual report
「The company had been named as a defendant in a civil class action in the United States alleging violations of antitrust law in the optical disk drive industry, but reached a settlement with the plaintiffs. Some of the other defendants in the action received orders from the U.S. Department of Justice to provide information, but the company did not receive such an order.」
The U.S. class action concerning optical disk drives was settled. Meanwhile, the investigation by the Brazilian competition authority, litigation in the United States and Canada involving lithium-ion secondary batteries, and the Japanese antitrust investigation remain ongoing. - FY2017-Q1New matters specified and some matters concludedAnnual report
「The company had been investigated by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with transactions with Tokyo Electric Power Company, Incorporated (now Tokyo Electric Power Company Holdings, Incorporated) involving telecommunications equipment for electric-power security, but the investigation ended in July 2016, and the company was not subject to a cease-and-desist order or a surcharge payment order.」
The Japan Fair Trade Commission investigation into transactions with Tokyo Electric Power Company ended, and the company was not subject to a cease-and-desist order or surcharge payment order. Other competition-law matters, including an investigation by the Brazilian competition authority and class actions in the United States and Canada, are also specifically listed. - FY2016First statedAnnual report
「In Japan, the company is under investigation by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with transactions involving digital radio equipment for fire and emergency services and separate transactions with Tokyo Electric Power Company, Incorporated and Chubu Electric Power Company,Incorporated involving telecommunications equipment for electric-power security.」
Competition-law investigations and litigation are under way in Japan and overseas. The document also separately notes an additional tax assessment order of approximately BRL 367 million from the Brazilian tax authorities.