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  HOME | Business & Economy (Click here for more)

Mitsubishi Materials President Replaced after Data Falsification Scandal

TOKYO – Japan’s Mitsubishi Materials announced on Monday its president would be replaced after a scandal where falsified product data affected around 300 customers.

Akira Takeuchi, 63, will be replaced by current executive vice-president Naoki Ono, the conglomerate said in a statement, although the change is still to be ratified in its shareholders’ meeting on June 22.

Takeuchi will continue as honorary chairman, a position that has no voting rights, and will continue to oversee the new management to strengthen the governance of the group, according to the statement.

In November 2017, Mitsubishi Materials admitted that some of its subsidiaries falsified inspection data of its brass, aluminum and copper products to show they met customer specifications.

The falsifications affected data such as the hardness and tensile strength of brass and copper parts used in the automobile and electronics industries as well as sealing materials, especially rubber and aluminum.

The controversy came to light after other scandals involving Japanese companies, including Kobe Steel, Nissan Motor and Subaru.

 

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