Japan Fair Trade Commission Inspection Regarding Suspected Antimonopoly Act Violation
First written in FY2019-Q2. 2 of 4 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2022: 2 of 15 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「In January 2019, the Company's subsidiary コーアイセイ株式会社 underwent an on-site inspection by the Japan Fair Trade Commission under the Antimonopoly Act concerning the determination of sales prices for lanthanum carbonate orally disintegrating tablets, and on 4 June 2019 received from the Commission a cease-and-desist order and a surcharge payment order under the Antimonopoly Act.」
The Company reconfirmed that the Antimonopoly Act matter involving its subsidiary had progressed from an on-site inspection to a cease-and-desist order and a surcharge payment order. - FY2019MaterialisedAnnual report
「In January of this year, the Company's subsidiary コーアイセイ株式会社 underwent an on-site inspection by the Japan Fair Trade Commission under the Antimonopoly Act concerning the determination of sales prices for lanthanum carbonate orally disintegrating tablets, and on 4 June of the same year received from the Commission a cease-and-desist order and a surcharge payment order under the Antimonopoly Act.」
The matter advanced from the previous quarter's on-site inspection and draft orders to receipt of the cease-and-desist and surcharge payment orders. The surcharge was stated to be ¥1 million. - FY2019-Q3WorsenedAnnual report
「On 22 April 2019, the Company's subsidiary コーアイセイ株式会社 received from the Japan Fair Trade Commission a notice of an opportunity to state its opinion concerning draft cease-and-desist and surcharge payment orders under the Antimonopoly Act, in connection with the determination of the sales prices of lanthanum carbonate hydrate orally disintegrating tablets.」
The Japan Fair Trade Commission's proceedings advanced from the on-site inspection in the previous quarter to receipt of the notice of an opportunity to state its opinion concerning the draft cease-and-desist and surcharge payment orders. - FY2019-Q2MaterialisedAnnual report
「The Company's subsidiary, コーアイセイ株式会社, underwent an on-site inspection by the Japan Fair Trade Commission in January 2019 on suspicion of violating Article 3 of the Antimonopoly Act.」
While stating that there had been no material changes to the existing business and other risks, the Company disclosed as a material subsequent event that its subsidiary had undergone an on-site inspection by the Japan Fair Trade Commission. The inspection was ongoing, and its impact on consolidated results was considered difficult to predict.