Kobe Steel says senior executives knew about data tampering

/ Dec 21, 2017

Kobe Steel says senior executives knew about data tampering

Kobe Steel Ltd., at the center of a data-falsification scandal that has shaken Japan's manufacturing industry, admitted for the first time that executives had been aware of the tampering and reassigned three senior officials. Japan's No.3 steel-maker, which supplies the manufacturers of cars, planes and ...

Kobe Steel asks banks for ¥50 billion in loans

/ Oct 31, 2017

Kobe Steel asks banks for ¥50 billion in loans

Kobe Steel Ltd., striving to overcome its product quality data falsification scandal, has asked Japan's three mega-banks for a total of ¥50 billion in loans to help prepare for possible funding problems in the future, according to informed sources. Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ ...