On-site inspection by the Japan Fair Trade Commission over suspected violations of the Antimonopoly Act
First written in FY2020-Q2. 6 of 14 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2025.
Kyodo Printing moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
3 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「With respect to the late-payment damages whose payment had been withheld because the Company disputed the interpretation of the contract, a settlement was reached on 17 July 2024 under which the Company paid the Japan Pension Service a settlement amount of ¥142 million, and payment was made that month.」
The lawsuit with the Japan Pension Service concerning late-payment damages in the Antimonopoly Act-related matter was settled through payment of a ¥142 million settlement amount, resolving the dispute. - FY2025-H1MitigatedAnnual report
「With respect to the late-payment damages whose payment had been withheld because the Company disputed the interpretation of the contract, the Japan Pension Service filed a lawsuit dated 13 November 2023 (service of the complaint: 1 December 2023). Following discussions, a settlement was reached under which the Company paid the Japan Pension Service a settlement amount of ¥142 million on 17 July 2024, and payment was made that month.」
The lawsuit with the Japan Pension Service concerning late-payment damages advanced toward resolution, with a settlement reached on 17 July 2024 under which the Company paid a settlement amount of ¥142 million. - FY2024-Q3MaterialisedAnnual report
「The Japan Pension Service filed a damages lawsuit against the Company dated 13 November 2023 (service of the complaint: 1 December 2023) concerning the matter, as described below.」
In the Antimonopoly Act-related matter, the Japan Pension Service filed a lawsuit seeking ¥156 million in damages concerning late-payment damages and other amounts that remained in dispute after payment of the principal. - FY2024-Q1MaterialisedAnnual report
「Regarding the Japan Pension Service’s form-production and related operations, for which the Company received a cease-and-desist order and surcharge payment order under the Antimonopoly Act from the Japan Fair Trade Commission in connection with the bidding, the Company received a claim for damages from the Japan Pension Service on 2 March 2023 under the service agreement with the agency and recorded a provision for the principal amount as an Antimonopoly Act-related loss provision. The Company continues to review the details of the late-payment damages and consider how to respond, but depending on circumstances, a financial burden may arise in the future.」
In the Antimonopoly Act-related matter, the Company paid the ¥838 million principal amount to the Japan Pension Service on 28 April 2023, while the possibility of an additional burden for ¥142 million in late-payment damages remained. - FY2023MaterialisedAnnual report
「Regarding the Japan Pension Service’s form-production and related operations, for which the Company received a cease-and-desist order and surcharge payment order under the Antimonopoly Act from the Japan Fair Trade Commission in connection with the bidding, the Company received a claim for damages from the Japan Pension Service on 2 March 2023 under the service agreement with the agency and recorded a provision for the principal amount as an Antimonopoly Act-related loss provision.」
The Antimonopoly Act-related matter progressed from the surcharge payment order stage to receipt of a damages claim from the Japan Pension Service and recognition of a provision for the ¥838 million principal amount. The possibility of an additional burden for ¥139 million in late-payment damages was disclosed. - FY2022MaterialisedAnnual report
「On 3 March 2022, the Company received a cease-and-desist order and a surcharge payment order under the Antimonopoly Act from the Japan Fair Trade Commission in connection with bidding for the Japan Pension Service’s form-production and related operations.」
The matter progressed beyond the onsite inspection and draft surcharge payment order stages. On 3 March 2022, the Company received a cease-and-desist order and a surcharge payment order and recorded ¥706 million in Antimonopoly Act-related losses, including the ¥305 million surcharge payment. - FY2022-Q3RestatedAnnual report
「The Company received a draft surcharge payment order from the Japan Fair Trade Commission, alleging that it had engaged in conduct violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. Accordingly, the amount stated in the draft order was recorded during the cumulative third-quarter consolidated period.」
The disclosure concerning the receipt of a draft surcharge payment order and the recording of a provision for loss in the Antimonopoly Act-related matter has continued. - FY2022-Q2MaterialisedAnnual report
「The Company received a draft surcharge payment order from the Japan Fair Trade Commission, alleging that it had engaged in conduct violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. Accordingly, the amount stated in the draft order was recorded during the cumulative second-quarter consolidated period.」
The Antimonopoly Act-related matter that had been subject to the onsite inspection advanced to the stage of receiving a draft surcharge payment order and recording a ¥305 million provision for loss. - FY2021-Q3RestatedAnnual report
「On 8 October 2019, the Company was subject to an onsite inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. The Company will continue to cooperate fully with the Japan Fair Trade Commission’s investigation.」
The disclosure of the Japan Fair Trade Commission’s onsite inspection and the Company’s full cooperation with the investigation has continued. - FY2021-Q2RestatedAnnual report
「On 8 October 2019, the Company was subject to an onsite inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. The Company will continue to cooperate fully with the Japan Fair Trade Commission’s investigation.」
The disclosure of the Japan Fair Trade Commission’s onsite inspection and the Company’s full cooperation with the investigation has continued. - FY2021-Q1RestatedAnnual report
「On 8 October 2019, the Company was subject to an onsite inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. The Company will continue to cooperate fully with the Japan Fair Trade Commission’s investigation.」
The disclosure of the Japan Fair Trade Commission’s onsite inspection and the Company’s full cooperation with the investigation has continued. - FY2020WorsenedAnnual report
「The Company is currently cooperating fully with the Japan Fair Trade Commission’s investigation. If a violation of the Antimonopoly Act is confirmed, the Company could face legal sanctions, a decline in social credibility and an impact on the Group’s performance.」
The matter subject to the onsite inspection was separately identified as a risk requiring attention for the time being, with the potential legal sanctions, decline in social credibility and impact on performance if a violation were confirmed expressly stated. - FY2020-Q3RestatedAnnual report
「On 8 October 2019, the Company was subject to an onsite inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. The Company will continue to cooperate fully with the Japan Fair Trade Commission’s investigation.」
The disclosure of the Japan Fair Trade Commission’s onsite inspection and the Company’s full cooperation with the investigation has continued. - FY2020-Q2MaterialisedAnnual report
「On 8 October 2019, the Company was subject to an onsite inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations. The Company will continue to cooperate fully with the Japan Fair Trade Commission’s investigation.」
It was first disclosed that the Company underwent an onsite inspection by the Japan Fair Trade Commission on 8 October 2019 on suspicion of violating the Antimonopoly Act in connection with bidding for the Japan Pension Service’s form-production and related operations.