OSAKA (Kyodo) Taxation authorities have determined that Kobe Steel Ltd. failed to declare ¥2.91 billion in income over seven years through March 2008 after investigating the major steelmaker and 53 companies in its group, Kobe Steel recently said.

Kobe Steel, also known as Kobelco, said in a statement released Friday that it has already paid ¥1.13 billion in back taxes and penalties to the government.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.