FilingReader Intelligence
Shinmaywa Industries faces JFTC order, executive pay cuts
March 27, 2025 at 11:09 PM UTC•By FilingReader AI
** Shinmaywa Industries (TSE:7224) announced today that it received a cease and desist order and a surcharge payment order from the Japan Fair Trade Commission (JFTC) concerning violations of the Antimonopoly Act related to the sale of its elevator-type mechanical parking systems. The company will pay a fine of 55.87 million yen, reduced by 30% due to cooperation with the JFTC’s leniency program.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
TSE:7224•Tokyo Stock Exchange
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