KYB Data Scandal Affects More Quake Dampers

Economy

Tokyo, Dec. 19 (Jiji Press)--Japanese hydraulic equipment maker KYB Corp. <7242> unveiled on Wednesday additional cases of data falsification related to safety inspections of earthquake-mitigating dampers.

The number of quake dampers affected by the KYB data fraud, including those in suspected cases, now totals 13,050, up by about 2,300 from the earlier reported figure, and that of buildings with the dampers in question rose to about 1,100 from the previously announced figure of slightly below 1,000, the company said.

The KYB scandal first came to light in October.

On the same day, the company expanded its group net loss projection for the year through March 2019 to 4.2 billion yen from 2.3 billion yen, reflecting an additional 2.5 billion yen in costs for replacing affected products.

"We deeply apologize," KYB President Yasusuke Nakajima told a press conference on Wednesday.

[Copyright The Jiji Press, Ltd.]

Jiji Press