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Kyokuto Kaihatsu Kogyo Co., Ltd. ( (JP:7226) ) has shared an announcement.
Kyokuto Kaihatsu Kogyo Co., Ltd. and its subsidiary Nippon Trex Co., Ltd. have been under investigation by the Japan Fair Trade Commission for suspected cartel activities related to the sale of ‘Upper body’ products. The companies have received a notice of hearing regarding potential cease and desist and surcharge payment orders, with significant financial penalties proposed. The impact on their financial results is under examination, and the company has expressed regret and a commitment to enhancing compliance measures.
More about Kyokuto Kaihatsu Kogyo Co., Ltd.
Average Trading Volume: 191,287
Technical Sentiment Signal: Buy
Current Market Cap: Yen99.62B
Learn more about 7226 stock on TipRanks’ Stock Analysis page.