NEWSWORTHY
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. Group operating profit dropped 54.4 percent to ¥13.83 billion in ...
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. The company and the officials from three of its domestic plants allegedly violated a ...
Mitsubishi Materials admits to labeling substandard concrete-making material with JIS certification
Mitsubishi Materials Corp. said Friday that material used to make concrete was mistakenly shipped out with a Japan Industrial Standard certification label even though it was actually substandard. This is the first case of quality-control issues confirmed at the parent company since the nonferrous metal ...
'Chibanian' data falsification claim halts IUGS screening for naming geological era
An international organization weighing a proposal to name a geological period after Chiba Prefecture has suspended the process due to an allegation of data falsification, a Japanese research team said. If the name "Chibanian" was selected for the period between 126,000 and 770,000 years ...
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. Kobe Steel reported profit of ¥63.19 billion ...
The former president of a Mitsubishi Materials Corp. subsidiary who ordered a cover-up of falsified product-quality data is now working in a new position as a corporate adviser, company officials said Tuesday. Mutsumi Yasutake, the former president of wholly owned unit Diamet Corp., assumed the ...
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. Kobe Steel has admitted to falsifying inspection data for some aluminum and copper products. The affected ...
Citizen Watch discloses that subsidiary falsified product data for LED parts
Citizen Watch Co. said Friday that a subsidiary falsified inspection data on LED parts, becoming the latest Japanese manufacturer to admit to product data manipulation. The president and another executive of Citizen Electronics Co. have resigned to take responsibility for the light-emitting diode debacle, it ...
Mitsubishi Aluminum loses JIS certification in wake of quality control scandal
In a first, a Mitsubishi Materials Corp. subsidiary has lost its Japanese Industrial Standards certification for some aluminum products, the industry ministry said. The Ministry of Economy, Trade and Industry said Friday that a private JIS body revoked the certification from Mitsubishi Aluminum Co. after ...
Mitsubishi Materials unit hid misconduct to avoid compensation: report
A former president of a Mitsubishi Materials Corp. subsidiary knew data was being fabricated but kept shipping the products in fear of demands for redress, or bankruptcy.
Lax management and staff shortages led to Toray misconduct, probe finds
Data fabrication at a Toray Industries Inc. subsidiary was caused by the management's lack of interest in quality control and a staff shortage, a report by outside experts said Wednesday. The quality assurance division at Toray's wholly owned unit Toray Hybrid Cord Inc. was a ...
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 ...
