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.
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