Competition Law Violations and Fines in European Sales
First written in FY2021. 2 of 6 entries say "Materialised", first in FY2021. Latest entry: 2026-08-04.
Yamaha moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Mitigated".
- FY2025-H1RestatedAnnual report
「Yamaha Music Europe GmbH, our consolidated subsidiary (hereinafter, “YME”), was served with a complaint in a class action on 29 December 2022, as described below. As the proceedings have not progressed to date and the financial impact cannot be reliably estimated, no provision has been recognized.」
We reconfirmed that, for the class action concerning past resale price maintenance in the UK, the proceedings have not progressed, the financial impact cannot be estimated, and no provision has been recognized. - FY2024-Q1RestatedAnnual report
「Yamaha Music Europe GmbH, our consolidated subsidiary (hereinafter, “YME”), was served with a complaint in a class action on 29 December 2022, as described below. As the proceedings have not progressed to date and the financial impact cannot be reliably estimated, no provision has been recognized.」
We reconfirmed that no provision has been recognized for the class action concerning past resale price maintenance in the UK because the proceedings have not progressed and the financial impact cannot be reliably estimated. - FY2023-Q3MaterialisedAnnual report
「Yamaha Music Europe GmbH, our consolidated subsidiary (hereinafter, “YME”), was served with a complaint in a class action on 29 December 2022, as described below.」
A class action represented by Which?, a UK consumer organization, was filed concerning resale price maintenance in past European sales. The amount claimed was not stated in the complaint, and no provision has been recognized. - FY2021MaterialisedAnnual report
「YME was investigated by the authorities of various countries for competition law violations in sales in certain European countries. Although the period subject to the violations varied by country, it ran from a year after 2004 through 2017, and the violations had ended and corrective measures had been completed in all countries by 2017.」
We disclosed that the period subject to the European subsidiary’s competition law violations ran from a year after 2004 through 2017, that the violations ended and corrective measures were completed in 2017, and that fines of €4.3 million (¥527 million) were paid.