Quake Damper Scandal Spreads to Smaller Maker
Newsfrom JapanPolitics Economy Society
Tokyo, Oct. 23 (Jiji Press)--Kawakin Holdings Co. <5614> said Tuesday that two of its subsidiaries have manipulated performance inspection data for oil dampers for earthquake isolation or mitigation.
The products were shipped between February 2005 and last month for use in a total of 93 buildings in 26 prefectures in Japan, and exported to areas including Taiwan, the parent company, based in Kawaguchi, Saitama Prefecture, north of Tokyo, said.
Kawakin Holdings, listed on the second section of the Tokyo Stock Exchange, reported the irregularities to the ministry, following the disclosure by KYB Corp. <7242>, on the TSE first section, earlier this month of its shipments of quake dampers with falsified data, including those that failed to meet state-set standards, to 987 buildings.
In the wake of the KYB scandal, the ministry had demanded 88 makers of similar products, including Kawakin Holdings, check for any misconduct.
The two Kawakin Holdings subsidiaries in question are Koyo Seiki Co., based in Chikusei, Ibaraki Prefecture, northeast of Tokyo, and Kawaguchi-based Kawakin Core-Tech Co.
[Copyright The Jiji Press, Ltd.]