Tire Review only received this statement on May 11.
“Yokohama Rubber Co., Ltd., was subjected to on-site inspections of the Japan Fair Trade Commission at its head office and its Hiratsuka factory in connection with marine hose transactions.
“The company, including its group companies, has been carrying out the compliance with laws and ordinances without exception. The company faces gravely the fact that it was subjected to the on-site inspections of the Japan Fair Trade Commission and will fully cooperate with the authorities on the investigations.
“The company refrains from commenting on the details at this stage as the investigations are underway.”