NEWS
Press Release
Cease and Desist Order and Surcharge Payment Order issued by the Japan Fair Trade Commission
The Japan Fair Trade Commission today issued Cease and Desist Order and Surcharge Payment Order to CALSONIC KANSEI CORPORATION (hereinafter "the Company") with regards to the transactions involving automotive-use radiators and electric fans on which the Company had been investigated by the Commission since July, 2011, finding Antimonopoly Act violations in the Company's conducts. The Company deeply regrets that it caused inconvenience to its customers, shareholders and other relevant persons. The Company shall take this matter with gravity, and reinforce its legal compliance efforts.
With regards to the aforementioned Cease and Desist Order and Surcharge Payment Order, the Company shall review and carefully consider the substance, and determine how to proceed.