The Japan Fair Trade Commission’s Announcement Concerning the Antimonopoly Act related to Certain Automotive Components
KARIYA (Japan) – The Japan Fair Trade Commission (“the JFTC”) announced today that it issued Cease and Desist Orders and Surcharge Payment Orders to certain automotive suppliers that violated the Antimonopoly Act in connection with sales of automotive starters, alternators, radiators (and electric fans) and windshield wiper systems.
The JFTC’s related onsite investigation was conducted at certain automotive suppliers, including DENSO Corporation, on July 20, 2011, and the company has been cooperating with the JFTC.
As per the JFTC’s announcement, DENSO was named as one of the suppliers that violated the Antimonopoly Act (i.e. Article 3, which prohibits unfairly restricted transactions); however, DENSO was exempted from all of the above orders, because the company had completely eliminated the conduct that was suspected to be in violation before the authority’s onsite investigation and because it applied for the leniency program, which was granted by the JFTC.
It is DENSO’s policy to comply with all applicable antimonopoly laws. The company has taken various measures, including implementing even more stringent compliance rules and even more enhanced compliance training to further ensure that its employees comply with all applicable antimonopoly laws. DENSO currently is in complete compliance with all antimonopoly laws.
DENSO is committed to compliance with all applicable antimonopoly laws around the world.