60 Pct of Sales at Firm Linked to Ex-Deputy Mayor Came from Kansai Electric
Osaka, Oct. 3 (Jiji Press)--About 60 pct of sales in fiscal 2018 at a construction firm that provided funds to an influential late former deputy mayor of a nuclear plant host town at the center of a money scandal involving Kansai Electric Power Co. <9503> came from orders from the Kansai Electric group, informed sources said.
The construction company, Yoshida Kaihatsu, based in the town of Takahama, Fukui Prefecture, central Japan, posted sales of some 6.5 billion yen in total from orders from the Kansai Electric group over the last five years, indicating close relations between them.
Kansai Electric, based in Osaka, western Japan, has said that 20 of its executives, including President Shigeki Iwane and Chairman Makoto Yagi, received a total of 320 million yen's worth of cash and goods between 2011 and 2018 from Eiji Moriyama, former deputy mayor of Takahama, who died in March this year.
According to Kansai Electric, Yoshida Kaihatsu posted overall sales of some 2.2 billion yen in fiscal 2018. Of them, some 250 million yen came from orders Kansai Electric directly placed, and some 1.06 billion yen came from orders the power supplier indirectly placed through general contractors.
In fiscal 2014, Yoshida Kaihatsu had sales of some 50 million yen from direct orders from Kansai Electric and some 650 million yen from indirect orders.
[Copyright The Jiji Press, Ltd.]