Kobe Steel was convicted and fined ¥100 million over product-quality data falsification
Company: Kobe Steel, Ltd.
Summary
Kobe Steel, Ltd. disclosed that group misconduct included falsifying or fabricating inspection data for products that failed public standards or customer specifications and shipping them as conforming products. The company was convicted in March 2019 of violating Japan's Unfair Competition Prevention Act, fined ¥100 million, and reported that the judgment became final. Direct company disclosure: https://www.kobelco.co.jp/english/ir/meeting/pdf/166_all.pdf