Mitsubishi admits faking data to meet specifications set by clients
November 26, 2017
Mitsubishi Motors son Thurs said that it had falsified data on multiple goods -- including elements used in cars and airplanes -- for over a year, including to Japan's growing list of corporate scandals.
At least two of the subsidiaries of the company falsified data to meet with specifications it said in an announcement.
Mitsubishi Cable Industries were misrepresenting information on rubber sealants used in automobiles and aircraft, the business added. Data was falsified for approximately 270 million units sold between September 2017 and April 2015 to a total of 229 customers.
Mitsubishi Shindoh, another subsidiary, had been fudging details of a number of its metal goods for the past year, such as copper and brass parts used in the electronics and automotive industries. At least 29 businesses are believed to have purchased the components.
"We have not at this time identified any instances of illegal conduct or concerns concerning security at either subsidiary," Mitsubishi Materials said.The firm is part of this sprawling Mitsubishi group.
It said it was not possible to estimate the financial fallout. Japanese markets were closed for a vacation.
Japan Inc., after the envy of the entire world for its manufacturing prowess, has been fighting with a set of embarrassing controversies.
A month ago, to falsifying data on 11, Kobe Steel admitted sold to clients like Boeing and Toyota, sending its stock tumbling over 40%.
Mitsubishi is just one of many firms affected by the Kobe Steel scandal, using used metal parts made out of false data in its airplanes. The two companies do have a joint venture agreement
Soon after that, the Kobe Steel scandal erupted, high carmakers Nissan and Subaru both confessed they had allowed uncertified employees to inspect automobiles. They remembered thousands of automobiles as a result.
Countless automobiles around the globe were recalled for another Japanese firm, Takata, whose exploding airbags led to multiple deaths and forced the company to file for bankruptcy in June.
Toshiba, meanwhile, has struggled to have an accounting scandal and problems over its nuclear energy business.
This isn't the first corporate scandal Mitsubishi has confronted. The business's automotive subsidiary, Mitsubishi Motors, admitted to cheating on gasoline efficiency evaluations this past year.