Edition:
United Kingdom

Toray unit: 13 customers affected by data cheating mostly in Japan but include Korean


Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Toray Industries Inc <3402.T>::TORAY HYBRID CORD PRESIDENT SAYS HAS NOT RECEIVED CONFIRMATION FROM CUSTOMERS THAT AFFECTED PRODUCTS ARE SAFE.TORAY PRESIDENT SAYS TOOK TIME TO SORT THROUGH INFORMATION, EXPLAIN TO CUSTOMERS, WHEN ASKED ABOUT TIMING OF ANNOUNCING DATA FALSIFICATION.TORAY PRESIDENT SAYS COMBINED REVENUE OF 149 CASES OF DATA FALSIFICATION AMOUNTS TO 150 MILLION YEN, WON'T HAVE BIG IMPACT EVEN IF ISSUES FOUND.TORAY PRESIDENT SAYS RECEIVED REPORT ON DATA FALSIFICATION FROM UNIT IN OCTOBER 2016.TORAY UNIT PRESIDENT SAYS 13 AFFECTED CUSTOMERS MOSTLY IN JAPAN BUT INCLUDE KOREAN.TORAY PRESIDENT SAYS ONLINE POSTING ABOUT THE FALSIFICATION LED COMPANY TO MAKE THE FALSIFICATION PUBLIC.TORAY PRESIDENT SAYS WANT TO COMPLETE INVESTIGATION FOR WHOLE GROUP BY END OF FINANCIAL YEAR IN MARCH.TORAY PRESIDENT: WON'T MAKE DISCLOSURE EVEN IF MORE DATA FALSIFICATION FOUND IN ONGOING INVESTIGATION IF THERE ARE NO SAFETY OR LEGAL ISSUES.TORAY PRESIDENT: HADN'T PLANNED ON DISCLOSING DATA CHEATING IF IT WEREN'T FOR KOBE STEEL SCANDAL OR ONLINE POSTING.TORAY UNIT PRESIDENT SAYS PRESSURE TO MEET PRODUCT DELIVERY TARGETS WAS A FACTOR IN DATA FALSIFICATION.TORAY PRESIDENT SAYS NO AFFECTED PRODUCTS HAVE BEEN SUPPLIED TO BOEING OR FAST RETAILING.TORAY PRESIDENT SAYS CONFIRMATION THAT DATA FALSIFICATION HAS NOT TAKEN PLACE IN CORE CARBON FIBRE BUSINESS WILL HAVE TO WAIT FOR RESULTS OF INVESTIGATION.