Mitsubishi Paper Mills Addresses Data Falsification and Implements Preventive Measures

The latest announcement is out from Mitsubishi Paper Mills ( (JP:3864) ).

Mitsubishi Paper Mills Limited has received an investigation report from a special committee regarding falsification of inspection data and failure to perform required inspections at its subsidiary, Mitsubishi Paper Engineering Co., Ltd. The investigation revealed multiple instances of data falsification across various facilities, affecting products such as pressboard, filter products, copier paper, and chemical-based paper. Despite these issues, no problems affecting the basic functions of delivered products were identified. The company has acknowledged management, organizational, and compliance issues as causes and has implemented measures to prevent recurrence, aiming to restore trust with stakeholders.

More about Mitsubishi Paper Mills

Mitsubishi Paper Mills Limited operates in the paper industry, focusing on the production of various paper products, including heat resistant electrically insulated pressboard and kraft pressboard. The company is involved in manufacturing components used in transformers and other equipment, emphasizing quality and compliance in its operations.

Average Trading Volume: 364,314

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen33.96B

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