Mitsubishi latest Japanese firm to admit faking merchandise data

A later date, another admission of wrongdoing by a Japanese corporate giant.

Mitsubishi Supplies said Thursday that it had falsified info on multiple goods — including components used in automobiles and airplanes — for greater than a year, adding to Japan’s growing set of corporate scandals.

At least two of the company’s subsidiaries faked data to meet specifications set by clientele, it said in a statement.

Mitsubishi Cable Industries had been misrepresenting info on rubber sealants used in automobiles and aircraft, the business added. Info was falsified for around 270 million units sold between April 2015 and September 2017 to a complete of 229 customers.

Another subsidiary, Mitsubishi Shindoh, had been fudging facts of some of its steel products for at least the past year, including brass and copper parts used in the motor vehicle and electronics industries. At least 29 companies are believed to have obtained the parts involved.

“We have not really at the moment identified any instances of illegitimate conduct or concerns associated with safety at either [subsidiary],” Mitsubishi Supplies said. The business is part of the sprawling Mitsubishi (MSBHY) group.

It said it had been impossible to estimate the financial fallout at this time. Japanese markets were closed Thursday for a holiday.

Related: What’s wrong with Japan Inc?

Japan Inc., once the envy of the environment for its making prowess, has been fighting a series of embarrassing controversies.

A month ago, Kobe Metal admitted to falsifying info on products sold to big clients such as for example Boeing (BA) and Toyota (TM), sending its stock tumbling more than 40%.

Mitsubishi is one of many companies affected by the Kobe Metal scandal, having used steel parts made with false data in its airplanes. Both companies likewise have a joint venture to produce copper tubes.

Related: Kobe Metal scandal ensnares Boeing and Mitsubishi

Shortly after the Kobe Steel scandal erupted, top carmakers Nissan and Subaru both admitted that they had allowed uncertified employees to inspect vehicles. They recalled thousands of cars as a result.

Millions more cars around the world were recalled as a result of another Japanese company, Takata (TKTDQ), whose exploding airbags resulted in multiple deaths and forced the business to seek bankruptcy relief in June.

Toshiba (TOSBF), meanwhile, has struggled with an accounting scandal and troubles above its nuclear power business.

This is not the first corporate scandal Mitsubishi has faced, either. The company’s motor vehicle subsidiary, Mitsubishi Motors, admitted to cheating on energy efficiency tests this past year.

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