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Company: Yazaki Corporation
Current Parent Company:
Yazaki
Parent at the Time of the Penalty Announcement:
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Penalty: $470,000,000
Year: 2012
Date: January 30, 2012
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Two Japanese suppliers of automotive electrical components -- Yazaki Corporation and DENSO Corporation -- agreed to plead guilty and to pay a total of $548 million in criminal fines for their involvement in multiple price-fixing and bid-rigging conspiracies in the sale of parts to automobile manufacturers in the United States.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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