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  HOME | Business & Economy (Click here for more)

Japanese Material Manufacturer Reveals New Data Falsification

TOKYO – Japanese industrial products manufacturer Toray Industries revealed on Tuesday that its subsidiary, producing rubber materials used in the motor industry, falsified the technical specifications of three types of products for eight years.

The quality control manager of Toray Hybrid Cord (THC), a tire parts maker, manipulated the data for tire material, automotive hoses and other materials to match their customers’ requests between April 2008 and July 2016, said the subsidiary’s president, Nobuhiro Suzuki.

Toray joins a growing list of Japanese companies which have admitted to falsification of their products’ technical data, including the steel manufacturer Kobe Steel and three subsidiaries of construction material manufacturer Mitsubishi Materials.

Suzuki revealed during a press briefing, where the President of the parent company, Akihiro Nikkaku apologized, that more than 400 tons of such material was sent to 13 companies, which have not reported any security problem related to the falsification.

Nikkaku said there had been no case of falsification since July 2016, as corrective measures were adopted, adding that Toray took it very seriously and would continue working on it so that it did not happen again.

The company also acknowledged that it has opened an internal investigation after detecting other suspicious cases in other branches of the conglomerate and hopes to have the results of its investigations before the end of the year, Nikkaku added.

After the revelations of its data falsification, Toray’s share price fell up to 8.5 percent at the Tokyo stock exchange during the first half of the trading session.

 

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