July 19, 2018
Kobe Steel, Ltd.
Kobe Steel, Ltd. has been indicted today on charges by the Tokyo District Prosecutors Office for allegedly violating the Unfair Competition Prevention Act over the misconduct concerning our products.
We once again deeply apologize for the considerable trouble we have caused to our customers, suppliers, shareholders and many others concerning the misconduct at Kobe Steel, Ltd. and its group companies (collectively, the “Kobe Steel Group”).
At this time, the Kobe Steel Group is implementing the measures stated in the “Report on Misconduct in Kobe Steel Group” dated March 6, 2018 to prevent a recurrence. We are taking this matter brought against us very seriously. The entire Kobe Steel Group is working together sincerely and straightforwardly to carry out the preventive measures and is making every effort to restore trust.