Nakayama Steel's Data Manipulation Dates Back to 1993 or Before

Economy

Osaka, Feb. 1 (Jiji Press)--Unveiling the results of its in-house investigation, Nakayama Steel Works Ltd. <5408> has said that its quality inspection data falsification for a product called work rolls started in 1993 or before.

Three board directors of the steelmaker based in the western Japan city of Osaka, including President Kazuaki Hakomori, will voluntarily return 10 pct to 30 pct of their pay for two months to take the blame for the irregularities.

Data on toughness or components were manipulated for about 12,000 of some 14,700 work rolls shipped between April 2011 and September 2018, the company said.

"We deeply apologize for causing great trouble and concern to our clients and other related parties," Nakayama Steel said. The company plans to put preventive measures into action.

Nakayama Steel had been investigating details of the misconduct since announcing the irregularities in October last year.

[Copyright The Jiji Press, Ltd.]

Jiji Press