Hitachi Zosen Corporation (JP:7004) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Hitachi Zosen Corporation has disclosed improper conduct within its marine engine business, specifically the rewriting of fuel consumption data in test results. The company has issued an apology, initiated an internal investigation, and is taking steps to prevent future occurrences, including the establishment of a special committee and business operation reassessment. While the impact on financial results is being evaluated, there have been no reported safety concerns related to the engines in question.
For further insights into JP:7004 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue