Toray Industries Inc (3402.T)
20 Apr 2018
Japan's Toray Industries , the world's largest maker of carbon-fiber composite materials, said it will buy TenCate Advanced Composites for an enterprise value of 930 million euros ($1.15 billion), as it looks to ramp up its carbon-fiber business.
TOKYO Automaker Subaru Corp said it was replacing its president and overhauling its board after an inspections scandal, part of a string of compliance failings that surfaced last year and hit Japan Inc's reputation for quality control.
* President Yoshinaga to be replaced, to become chairman (Updates with company announcement)
* UNIT AND TORAY ENTER EXCLUSIVE LICENSING AGREEMENT ON CERTAIN ORAL DISINTEGRATION TABLET FORMULATION OF ANTIPRURITIC DRUG TRK-820 Source text for Eikon: Further company coverage:
TOKYO Kobe Steel Ltd , at the centre of a data-falsification scandal that has shaken Japan's manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials.
TOKYO Japan's Subaru Corp , already smarting from a vehicle inspection scandal at home, said it was now investigating whether mileage readings may have also been falsified during final checks, driving its shares down as much as 8 percent. | Video
* Checking if mileage data falsified during final local checks
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