Japan Fair Trade Commission on-site inspection under the Antimonopoly Act and risk of administrative action
First written in FY2022-Q1. 3 of 6 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In April 2023, the company received recommendations from its Compliance Committee on investigating the causes and preventing recurrence, and decided on measures to prevent recurrence. The company also received a business improvement order on 14 July 2023 and submitted a business improvement plan to the Minister of Economy, Trade and Industry on 10 August of the same year.」
Following the finding of conduct violating the Antimonopoly Act, the matter progressed to the decision on measures to prevent recurrence and the submission of a business improvement plan. The company has not received either a cease-and-desist order or a surcharge payment order. - FY2024-Q3RestatedAnnual report
「In connection with transactions involving special high-voltage and high-voltage electricity, the company was subject to on-site inspections by the Japan Fair Trade Commission on 13 April 2021 and 13 July of the same year on suspicion of facts constituting a violation of the Antimonopoly Act. On 30 March 2023, the Commission found that the company had engaged in conduct violating Article 3 of the Antimonopoly Act, which prohibits unreasonable restraint of trade. The company has not received either a cease-and-desist order or a surcharge payment order.」
The disclosure continues to state that the Japan Fair Trade Commission found conduct violating the Antimonopoly Act and that the company has not received either a cease-and-desist order or a surcharge payment order. - FY2024-Q1MaterialisedAnnual report
「In connection with transactions involving special high-voltage and high-voltage electricity, the company was subject to on-site inspections by the Japan Fair Trade Commission on 13 April 2021 and 13 July of the same year on suspicion of facts constituting a violation of the Antimonopoly Act. On 30 March 2023, the Commission found that the company had engaged in conduct violating Article 3 of the Antimonopoly Act, which prohibits unreasonable restraint of trade. The company has not received either a cease-and-desist order or a surcharge payment order.」
The matter progressed from the previous stage of an on-site inspection and the possibility of administrative action to the stage at which the Japan Fair Trade Commission found conduct violating Article 3 of the Antimonopoly Act. However, the company has not received either a cease-and-desist order or a surcharge payment order. - FY2022-Q3RestatedAnnual report
「The Company underwent on-site inspections by the Japan Fair Trade Commission on 13 April and 13 July 2021 on suspicion that it had restricted customer acquisition in the supply of extra-high-voltage and high-voltage electricity in violation of the Antimonopoly Act. The Company takes the matter seriously and will cooperate fully with the investigation. However, if the inspection results lead to an administrative sanction being imposed, the performance of the Company's group could be affected.」
The disclosure continues to state that the Japan Fair Trade Commission's on-site inspection and administrative action could affect performance. - FY2022-Q2RestatedAnnual report
「The Company underwent on-site inspections by the Japan Fair Trade Commission on 13 April and 13 July 2021 on suspicion that it had restricted customer acquisition in the supply of extra-high-voltage and high-voltage electricity in violation of the Antimonopoly Act. The Company takes the matter seriously and will cooperate fully with the investigation. However, if the inspection results lead to an administrative sanction being imposed, the performance of the Company's group could be affected.」
The disclosure continues from the previous quarter to state that the company was subject to an on-site inspection by the Japan Fair Trade Commission and that administrative action could affect performance. - FY2022-Q1MaterialisedAnnual report
「The Company underwent on-site inspections by the Japan Fair Trade Commission on 13 April and 13 July 2021 on suspicion that it had restricted customer acquisition in the supply of extra-high-voltage and high-voltage electricity in violation of the Antimonopoly Act. The Company takes the matter seriously and will cooperate fully with the investigation. However, if the inspection results lead to an administrative sanction being imposed, the performance of the Company's group could be affected.」
For the first time, the disclosure states that the company was subject to an on-site inspection by the Japan Fair Trade Commission concerning the acquisition of special high-voltage and high-voltage power customers, and notes the possibility of an impact on performance from administrative action.