JPX Fines KDDI, Nidec ¥91.2m Over Accounting Issues (April 30)

Japan Exchange Group imposes penalties of 91.2m yen each on KDDI and Nidec over corporate code violations stemming from accounting issues, according to statements dated Thursday.

• Requests KDDI to submit an improvement report by June 2
• Related Stories:
  • Nidec to Correct Earnings, Postpone Disclosing Full-Year Results
  • KDDI Unit Presidents Resign on Probe into Fake Transactions

To contact the reporter on this story:
Maho Nambu in Tokyo at mnambu2@bloomberg.net

To contact the editors responsible for this story:
Go Onomitsu at gonomitsu@bloomberg.net

Sarah Hilton, Gareth Allan

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