Fines and Class Actions Related to Violation of U.S. Antitrust Law
First written in FY2016. 8 of 16 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2018: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2024Updated full-year payment results for antitrust-related lossesAnnual report
「Payment of antitrust-related losses」
Payments for antitrust-related losses during the current fiscal year totaled ¥941 million. Disclosures concerning litigation and customer claims continue after the previous settlement. - FY2023-Q2Updated second-quarter payment results for antitrust-related lossesAnnual report
「Payment of antitrust-related losses △ 529 △ 1,095」
Payments for antitrust-related losses during the cumulative second quarter of the current fiscal year totaled ¥1.095 billion, up from ¥529 million in the same period of the previous year. The previous disclosures concerning pending litigation and customer claims continue. - FY2022Updated full-year payment results for antitrust-related lossesAnnual report
「Payment of antitrust-related losses － △ 529」
The Company recorded ¥529 million in payments for antitrust-related losses during the current fiscal year. Disclosures concerning pending litigation and customer claims have continued after the previous settlement. - FY2022-Q2Updated payment results for antitrust-related lossesAnnual report
「Payment of antitrust-related losses － △ 529」
During the cumulative second quarter of the current fiscal year, the Company recorded ¥529 million in payments for antitrust-related losses in cash flows. - FY2022-Q1Updated payment results for antitrust-related lossesAnnual report
「Payment of antitrust-related losses － △ 425」
During the cumulative first quarter of the current fiscal year, the Company recorded ¥425 million in payments for antitrust-related losses in cash flows. There has been no change from the previous disclosure that pending litigation and customer claims remain. - FY2021-Q2RestatedAnnual report
「However, in connection with the matter, claims for damages by some customers and pending litigation remain, and these claims and other matters may affect the Company's consolidated results.」
Following the partial settlement, the Company continues to disclose that claims for damages by customers and pending litigation remain, and that provisions have been recorded for litigation and other matters. - FY2019-Q3Resolved to settle part of the claims and recorded a settlement paymentAnnual report
「At a board meeting held on 6 November 2018, the Company resolved to settle the U.S. class-action litigation by paying US$38.95 million (approximately ¥4.4 billion) to some plaintiffs and certain U.S. state governments.」
The Company resolved to settle with some plaintiffs and state governments in the U.S. class-action litigation and recorded an antitrust-related loss of ¥4.4 billion. Claims by some customers and pending litigation remain. - FY2019-Q1RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the antitrust-related fine, class-action lawsuits in the United States and Canada, and claims for damages by customers, with no material changes. - FY2018-Q3RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the plea agreement with the U.S. Department of Justice, the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers as contingent liabilities. - FY2018-Q2RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the plea agreement with the U.S. Department of Justice, the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers as contingent liabilities. - FY2018-Q1RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law.」
The Company continues to disclose the plea agreement with the U.S. Department of Justice, the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers as contingent liabilities. - FY2017MaterialisedAnnual report
「Antitrust-related losses consist of compensation costs relating to violations of U.S. antitrust law in connection with the sale of shock absorbers for automobiles and motorcycles.」
The Company recorded ¥700 million in antitrust-related compensation costs during the fiscal year, while class-action lawsuits in the United States and Canada and claims for damages by customers remain ongoing. - FY2017-Q3RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers as contingent liabilities. - FY2017-Q2RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers as contingent liabilities. - FY2017-Q1RestatedAnnual report
「On 16 September 2015 (U.S. time), the Company reached a plea agreement with the U.S. Department of Justice concerning the sale of shock absorbers for automobiles and motorcycles, under which it agreed to pay US$62 million (approximately ¥7.4 billion) on the grounds that it had engaged in conduct violating U.S. antitrust law. In connection with the matter, class-action lawsuits have been filed against the Company and its U.S. subsidiary in the United States and Canada, and some customers have sought damages.」
The Company continues to disclose the fine, class-action lawsuits in the United States and Canada, and claims for damages by customers, and reiterates that the outcome of the litigation may affect operating results and other matters. - FY2016MaterialisedAnnual report
「In September last year, the Company reached a plea agreement with the U.S. Department of Justice concerning violations of U.S. antitrust law, under which it agreed to pay a fine of US$62 million (approximately ¥7.4 billion) and recorded the resulting loss.」
The Company recorded the fine and related losses under the plea agreement and also describes class-action lawsuits and claims for damages by customers in the United States and Canada.