NSK released Notification of Judgment for Violation of the Antimonopoly Act

Resource from: NSK Ltd. Likes:241

Feb 26,2013

NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announces that NSK was sentenced to penalty of JPY380 million for a violation of the Antimonopoly Act of Japan regarding sales of bearing products prosecuted on June 14, 2012 by the Tokyo District Public Prosecutors Office. Also, NSK's former officers and a former employee received suspended sentences. We offer our most sincere apologies for the concern caused to our shareholders, customers, and other stakeholders regarding this matter. NSK takes the situation with the utmost seriousness and will further make sure to strictly comply with all applicable laws and regulations in our corporate activities. We will devote our every effort to restoring the trust of all the stakeholders and the public. The impact of the conviction on NSK's financial results is expected to be insignificant.

(NSK Ltd.)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous SKF bearing cuts fuel cost for heavy trucks
Next Trelleborg’s bearings keep MRI machines rotating

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.