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April 27, 2024
 

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KOBE STEEL

Japan Times
BUSINESS
Jun 12, 2023
Major Japanese steelmakers face high bar for decarbonization
Carbon dioxide emissions from the steel industry account for roughly 50% of the total from the domestic industry sector.
Japan Times
BUSINESS / Companies
Feb 7, 2020
Kobe Steel and Pasco also hit by cyberattacks, Japan Defense Ministry reveals
Kobe Steel Ltd. and satellite data provider Pasco Corp. have come under cyberattacks in the latest in a series of confirmed cases targeting defense-related companies in Japan, the Defense Ministry has said.
Japan Times
BUSINESS
Aug 5, 2019
Highlighting industry's troubles, Kobe Steel's shares take huge hit
Kobe Steel Ltd. tumbled as much as 13 percent in Tokyo to hit the lowest level in almost seven years after Japan's third-biggest steelmaker swung to a first-quarter loss and warned that full-year profit will collapse.
Japan Times
BUSINESS / Companies
Mar 13, 2019
Kobe Steel hit with ¥100 million fine over data fabrication that continued for four decades
A Tokyo court ordered Kobe Steel Ltd. on Wednesday to pay a ¥100 million ($898,000) fine for fabricating product quality data at its domestic plants.
Japan Times
COMMUNITY / Issues / LAW OF THE LAND
Oct 10, 2018
Japan demonstrates how too many rules can ruin governance
Culture of over-regulation helps explain the country's persistent problem with data falsification.
BUSINESS / Companies
Aug 1, 2018
Kobe Steel's April-June net profit halved after quality data scandal
Kobe Steel Ltd. said Wednesday its group net profit in the April-June quarter fell 49.4 percent from a year earlier to ¥12.66 billion ($113 million) due to the negative impact of a data falsification scandal.
BUSINESS / Companies
Jul 19, 2018
Kobe Steel indicted over fabrication of data for products used in trains, aircraft, vehicles and defense equipment
Prosecutors indicted Kobe Steel Ltd. on Thursday on suspicion the firm violated a law that prevents unfair competition by fabricating data related to the quality of its products.
Japan Times
BUSINESS / Companies
Jul 17, 2018
Kobe Steel and plant officials referred to prosecutors over data falsification scandal
Police referred Kobe Steel Ltd. and four of its plant officials to prosecutors Tuesday over a scandal that involved fabricating data related to the quality of its products, investigative sources said.
Japan Times
JAPAN
Jul 12, 2018
Kobe Steel expected to be indicted in data fabrication scandal
Kobe Steel Ltd. is expected to be indicted over a data fabrication scandal that rocked the manufacturing industry, as police are set to refer the company to prosecutors possibly next week, sources familiar with the matter said Thursday.
Japan Times
JAPAN
Jun 5, 2018
Prosecutors, police raid Kobe Steel offices over data fabrication scandal
Offices raided in Kobe, Tokyo and other locations Tuesday over a law that prevents unfair competition, which authorities believe the company violated by systematically misrepresenting its products.
Japan Times
BUSINESS / Companies
May 31, 2018
Prosecutors to raid Kobe Steel over quality data fabrication
Prosecutors are poised to search sites linked to Kobe Steel Ltd. over quality data fabrication by the company, sources close to the situation said.
EDITORIALS
May 11, 2018
Get to the bottom of product data falsification
Corporate Japan's tarnished image can only be restored by thorough efforts to uncover the cause of the data falsifaction scandals and to ensure that they don't happen again.
Japan Times
BUSINESS / Companies
Apr 28, 2018
Kobe Steel posts first profit in three years despite data fraud scandal
Kobe Steel Ltd., Japan's third-biggest steel-maker, on Friday posted its first annual profit in three years, even after admitting to falsifying quality data, a scandal that affected hundreds of customers and hurt the country's reputation for manufacturing prowess.
JAPAN
Apr 25, 2018
Investigators launch probe into Kobe Steel data falsification
Investigators begin probing data fabrication by Kobe Steel Ltd., the company said Wednesday, in a move that could lead to criminal charges.
Japan Times
BUSINESS / Companies
Mar 16, 2018
Kobe Steel's new CEO vows to restore damaged trust with program of reforms
Mitsugu Yamaguchi vows to rebuild corporate governance and culture at Japan's third-largest steel-maker when he starts work on April 1.
Japan Times
BUSINESS / Companies
Mar 14, 2018
Kobe Steel and Toyota sued over the steel-makers' fabricated data
Kobe Steel Ltd. said Wednesday that two U.S. consumers have filed a class-action lawsuit against the steel-maker and Toyota Motor Corp., seeking compensation for substandard metals used in vehicles.
Japan Times
BUSINESS / Companies
Mar 6, 2018
Kobe Steel CEO steps down over data fabrication scandal
The move comes as the firm seeks to take responsibility for the brouhaha that dented the nation's once vaunted reputation for excellence.
Japan Times
BUSINESS / Companies
Mar 4, 2018
Kobe Steel CEO Kawasaki may step down over data fabrication scandal
As the steel-maker's data fabrication scandal expands, Hiroya Kawasaki may have no choice.
BUSINESS / Companies
Feb 2, 2018
Kobe Steel expects net profit for fiscal 2017 despite data fabrication scandal
Kobe Steel Ltd. said Thursday it expects to swing back into the black in fiscal 2017 despite a data fabrication scandal that surfaced last fall, aided by brisk hydraulic shovel sales in China.
BUSINESS
Jan 11, 2018
METI to increase fine for defying industrial standards to ¥100 million
The industry ministry plans to raise the maximum fine for failing to meet industrial standards to ¥100 million ($894,000), 100 times the current level, in light of the continuing string of product data scandals marring Japanese companies, officials said.
New JAL chief concerned about yen’s ‘excessive’ weakness
Mitsuko Tottori became Japan Airlines’ first female CEO on April 1, having risen through the ranks as a flight attendant and heading the flight attendant and customer experience divisions.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Yen inches closer to intervention point as BOJ meeting starts
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
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Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
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By Alex K.T. Martin

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