Investigation into Suspected Antimonopoly Act Violations and Loss Risk
First written in FY2016. 7 of 11 entries say "Materialised", first in FY2016. Latest entry: FY2020.
Oi Electric moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「Extraordinary losses / Loss on valuation of investment securities / — / Losses related to the Antimonopoly Act / — / Total extraordinary losses / —」
The income statement and principal risks section for the consolidated fiscal year under review no longer include a new loss provision or risk disclosure related to the Antimonopoly Act. Because the prior-year loss remains in the comparative section, the matter is not stated to have been resolved. - FY2019MaterialisedAnnual report
「As a result of recording an extraordinary loss of ¥158 million related to the Antimonopoly Act and income taxes of ¥1,078 million, including the reversal of deferred tax assets, based on the profit or loss described above」
The disclosure states that ¥158 million in losses related to the Antimonopoly Act was recorded as an extraordinary loss and that related losses also arose during the fiscal year under review. - FY2019-Q3MaterialisedAnnual report
「As a result of additionally recording ¥163 million in provisions for losses related to the Antimonopoly Act as an extraordinary loss, operating loss was ¥1,720 million, an increase of ¥792 million from the same period of the previous year, and ordinary loss was ¥1,643 million, an increase of ¥798 million from the same period of the previous year.」
The disclosure states that an additional ¥163 million was recorded as a provision for losses related to the Antimonopoly Act and that related losses also arose during the cumulative third quarter period under review. - FY2018MaterialisedAnnual report
「Provision for losses related to the Antimonopoly Act 162,867」
For losses related to the Antimonopoly Act, a provision of ¥162 million was recorded as an extraordinary loss during the consolidated fiscal year under review. - FY2018-Q3RestatedAnnual report
「The Company may incur losses related to the cease-and-desist order and surcharge payment order received from the Japan Fair Trade Commission, but it is currently difficult to reasonably estimate the amount.」
The Company continues to state the possibility of losses related to the cease-and-desist order and surcharge payment order and the difficulty of reasonably estimating the amount. - FY2018-Q1RestatedAnnual report
「The Company may incur losses related to the cease-and-desist order and surcharge payment order received from the Japan Fair Trade Commission, but it is currently difficult to reasonably estimate the amount.」
The Company continues to disclose the possibility of losses related to the cease-and-desist order and surcharge payment order and the difficulty of reasonably estimating the amount. - FY2017MaterialisedAnnual report
「The Company received a cease-and-desist order and a surcharge payment order from the Japan Fair Trade Commission on the grounds that it had engaged in conduct violating the Antimonopoly Act in connection with orders for power security communications equipment placed by Tokyo Electric Power Company Holdings,Incorporated (renamed from Tokyo Electric Power Company,Incorporated on 1 April 2016) on 12 July 2016, and in connection with orders for hybrid optical communications equipment placed by Chubu Electric Power Company,Incorporated on 15 February 2017.」
The disclosure states that, in addition to the Tokyo Electric Power matter, the Company also received a cease-and-desist order and a surcharge payment order in connection with the Chubu Electric Power matter. - FY2017-Q3MaterialisedAnnual report
「During the third quarter under review, in connection with the Japan Fair Trade Commission's on-site inspection concerning suspected violations of the Antimonopoly Act, the Company incurred losses exceeding the amount provided in the previous fiscal year as losses related to the Antimonopoly Act, and therefore recorded ¥139 million as an extraordinary loss.」
Actual losses exceeded the provision recorded in the previous fiscal year, and an additional ¥139 million was recorded as an extraordinary loss. - FY2017-Q2RestatedAnnual report
「In addition, with regard to the case concerning manufacturers and sellers of power security communications equipment ordered by Tokyo Electric Power Company,Incorporated, for which the Company had been under examination by the Japan Fair Trade Commission since 19 May 2015, the Company received a cease-and-desist order and a surcharge payment order from the Commission dated 12 July 2016, on the grounds that it had engaged in conduct violating the Antimonopoly Act.」
The disclosure continues to state that the Company received a cease-and-desist order and a surcharge payment order. - FY2017-Q1MaterialisedAnnual report
「In addition, with regard to the case concerning manufacturers and sellers of power security communications equipment ordered by Tokyo Electric Power Company,Incorporated, for which the Company had been under examination by the Japan Fair Trade Commission since 19 May 2015, the Company received a cease-and-desist order and a surcharge payment order from the Commission dated 12 July 2016, on the grounds that it had engaged in conduct violating the Antimonopoly Act.」
The matter progressed from the previous on-site inspection, investigation and provision for loss to the receipt of a cease-and-desist order and a surcharge payment order. - FY2016MaterialisedAnnual report
「The Company underwent on-site inspections by the Japan Fair Trade Commission on 19 May 2015 and 16 February 2016 on suspicion of violations of the Antimonopoly Act in connection with the manufacture and sale of telecommunications equipment for electric power security.」
The Company is fully cooperating with the investigation and recognized ¥311 million in provision expense for potential losses related to the Antimonopoly Act. The possibility of a cease-and-desist order and a surcharge payment order is also described.