Japanese chemical giant Toray Co., Ltd. released a survey report prepared by a third-party committee on a subsidiary's tampering with product testing data on the 27th. The report pointed out that lack of manpower in the quality inspection department was the motive for counterfeiting and did not confirm the violation of Japanese industrial standards JIS) Act related acts.
The report, prepared by a panel of third-party experts composed of attorneys, based on two reports that the two responsible officers of the quality assurance office of the involved subsidiary were the perpetrators of the data tampering, and Toray did not 'organize fraud' The motivation for counterfeiting is that the quality assurance room is not long-term manpower, testing equipment is not perfect, the responsible person believes that re-testing will not keep up customer delivery requirements.
The report said that there was a violation of the relevant Japanese Industrial Standards (JIS) regulations in the incident, and 12 of the 13 companies that purchased the product failed to confirm the product's safety, and the other was in the process of verifying the report. Pointed out that it is undeniable that the management involved in this subsidiary does not attach enough importance to quality assurance.
Toray is Japan's chemical giant, a leader in the field of fiber technology involved in the subsidiary responsible for automotive tire material-related business .November 28, Toray admitted that the subsidiary changed the quality inspection report data, a total of 149 cases.
Toray earns a net profit of 99.4 billion yen (about 878 million U.S. dollars) in FY16F, which is expected to hit a record high in fiscal year 2017. Toray announced in a press release on the 27th that counterfeiting events have not affected corporate performance yet .