Vital KSK subsidiary receives JFTC order, faces surcharge
Vital KSK Holdings Inc. announced that its sub-subsidiary, Agro Japan, received a cease and desist order and a surcharge payment order from the Japan Fair Trade Commission (JFTC) on March 13, 2025. The JFTC found that Agro Japan violated the Antimonopoly Act by colluding with another company to predetermine winners in bidding for animal drugs ordered by Yamagata Prefecture and the Yamagata Prefecture Livestock Association. As a result, Agro Japan was ordered to cease its illegal activities. The surcharge amounts to ¥2.97 million relating to the Yamagata Prefecture procurement. However, Agro Japan had applied for leniency, resulting in a 30% reduction of the initial surcharge amount. Vital KSK Holdings stated that the impact of the surcharge on its consolidated financial results for the current fiscal year is expected to be minor, and that it is reinforcing compliance across the group.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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