Antitrust Antitrust

Japan's Hamai Industries, Miyairi Valve, three other gas-valve makers face antitrust fines for cartel

By Sachiko Sakamaki
  • 15 May 2024 04:53
  • 15 May 2024 04:53
Five Japanese gas-valve manufacturers, including Hamai Industries and Miyairi Valve Mfg, are set to face antitrust fines totaling about 700 million yen ($4.6 million) for cartel conduct. After hearing the companies’ views, the Japanese competition enforcer is expected to issue formal corrective orders and fines for their antitrust violations.

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Sachiko Sakamaki

Senior Correspondent, Tokyo

Sachiko covers antitrust, mergers and acquisitions, privacy and data security, as well as patent disputes related to connected cars. She has an undergraduate degree from Waseda University in Tokyo and a master's degree in communications from United States International (now Alliant International) University in California. She previously worked as a journalist for Time magazine, the Far Eastern Economic Review, Bloomberg News, and the Washington Post in Japan.

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