TOKYO, Mar 17 (Pulse News Wire) – Kyokuto Kaihatsu Kogyo CO.,LTD. (7226.T) and its subsidiary Nippon Treks Co., Ltd.
Filed a lawsuit against the Fair Trade Commission seeking reduction of antitrust fines imposed due to sales practices related to their manufactured products. The companies received exclusion orders and fines totaling ¥59 billion, with Kyokuto Kaihatsu Kogyo facing ¥25.5 million and Nippon Treks ¥33 billion. The fines, which were partially reduced through a fine mitigation system, need to be paid by April 27, 2026. In a statement, President Tatsuya Fujihara apologized for causing inconvenience and concern among customers, trading partners, shareholders, and stakeholders.
The company acknowledged the seriousness of the violation and emphasized efforts to prevent recurrence and strengthen compliance measures. Despite filing the suit, Kyokuto Kaihatsu Kogyo remains committed to reinforcing internal controls and restoring trust within the group. The lawsuit aims to challenge the factual determinations and legal interpretations made by the commission, arguing for a reduction in the fines based on differing perspectives. The company plans to present evidence and arguments during the litigation process, seeking judicial fairness regardless of the outcome.
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