TOKYO, Jul 07 (Pulse News Wire) – Seki CO.,LTD. (7857.T) announced that its subsidiary, SP&C Corporation, received a bid participation suspension notice from Ehime Prefecture effective from July 06, 2026 until September 5, 2026, for two months.
The suspension pertains to bidding qualifications related to manufacturing contracts due to violations of the Freelance Law's provisions on payment obligations and reduction prohibitions. The violation was identified following a June 18 recommendation from the Fair Trade Commission urging the company to rectify its business practices and prevent recurrence.
In response, SEKI stated it would strengthen oversight of SP&C’s operations and implement stringent measures to avoid future incidents. Regarding the impact on performance, SEKI expects the suspension to have a minor effect on the fiscal year ending March 2027.
The company pledged to promptly disclose any further significant developments.
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