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The latest announcement is out from Kyokuto Kaihatsu Kogyo Co., Ltd. ( (JP:7226) ).
Kyokuto Kaihatsu Kogyo and its subsidiary Nippon Trex have filed a lawsuit seeking to overturn part of a surcharge payment order imposed by the Japan Fair Trade Commission over antitrust violations related to the sale of vehicle upper bodies. The companies dispute certain factual findings and legal interpretations behind the surcharge, even as they acknowledge the Antimonopoly Act breach and apologize to customers, partners and shareholders.
The group says it is strengthening compliance and internal controls to prevent a recurrence and restore trust, irrespective of the lawsuit’s outcome. Under the existing order, the two firms are jointly required to pay a total surcharge of ¥5.93 billion to the national treasury by April 27, 2026, reflecting a 30% reduction granted under the surcharge reduction and exemption system.
The most recent analyst rating on (JP:7226) stock is a Hold with a Yen3296.00 price target. To see the full list of analyst forecasts on Kyokuto Kaihatsu Kogyo Co., Ltd. stock, see the JP:7226 Stock Forecast page.
More about Kyokuto Kaihatsu Kogyo Co., Ltd.
Kyokuto Kaihatsu Kogyo Co., Ltd. is a Japanese manufacturer involved in producing “upper bodies” for vehicles, operating alongside its subsidiary Nippon Trex Co., Ltd. The group serves customers and business partners in the commercial vehicle and related equipment markets, where compliance with Japan’s Antimonopoly Act and fair trade rules is critical to its operations and reputation.
Average Trading Volume: 134,570
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen114B
For an in-depth examination of 7226 stock, go to TipRanks’ Overview page.