Toray Industries Inc (3402.T)
11 Dec 2017
TOKYO Fretting about the impact of a string of falsification and compliance scandals, nearly half of Japanese firms have either taken steps to strengthen internal controls or are planning to do so, a Reuters poll showed.
* 89 pct of firms worry quality scandals will hurt Japan's image
TOKYO Japan's Toray Industries Inc on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer. | Video
* Toray shares fall as much as 8.5 pct (Adds executive comment, context on scandals, updates shares)
TOKYO, Nov 28 Japan's Nikkei share average dipped on Tuesday in choppy trade, with Toray Industries diving after it said a subsidiary had falsified data, while concerns North Korea might launch more missiles lifted stocks linked to defence.
* Co and Toray entered into master agreement in relation to sale of yarns manufactured or owned by Toray Group to group Source text for Eikon: Further company coverage:
* Says it will acquire 405 million shares (28 percent stake) of Pacific Textiles Holdings Ltd for HK$4.05 billion (about 59 billion yen), as of middle July