Important news

March 29, 2018
ELECOM CO., LTD.

About advice from the Fair Trade Commission for our subsidiary

For DX ANTENNA Co., Ltd. which we subsidized today on March 30, 2017, advice based on the prevention method (we say "the subcontract method" as follows.) such as the subcontract price payment delays was accomplished from the Fair Trade Commission. Therefore, we attach News Release of DX ANTENNA Co., Ltd. separately.

It was judged that "act that applied reduction unit price after revision about for ordering before unit price reduction agreement day" carried out based on operation before subsidization by us by April, 2017 from January, 2016 violated subcontract method Article 4 Paragraph 1 No. 3 (prohibition of reduction of the subcontract price) as for the advice mentioned above.

As us, we will try for compliance reinforcement of subsidiary still more as parent company in future.

In addition, influence on our consolidated results of this term by this matter is slight.

The above

March 29, 2018
DX ANTENNA Co., Ltd.

From the Fair Trade Commission
About advice about the prevention method such as the subcontract price payment delays

We received advice based on the prevention method (we say "the subcontract method" as follows.) such as the subcontract price payment delays today from the Fair Trade Commission.

In this, it was judged that act that applied reduction unit price after revision about for ordering before unit price reduction agreement day with business partner where we consigned production of TV reception-related apparatus to violated subcontract method Article 4 Paragraph 1 No. 3 (prohibition of reduction of the subcontract price) after the reduction revision of ordering unit price.

Amount of money pointed out in today's advice is a total of about 12.54 million yen and between January, 2016 and April, 2017. We are going to pay the total amount said to that we deal with reduction to business partner which is production trust point about this matter immediately.

It is sincere and takes this advice and we publicize advice content to officer and all employees and are thorough and we carry out in-house education about the subcontract method observance and will act for prevention of recurrence.

Including business partner, we sincerely apologize for having caused trouble with worry for people concerned and plan reinforcement of compliance, and more management will continue making an effort.

The above