Tokyo, Japan, June 19, 2012 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that NSK, its former officers and its former employee were prosecuted for a violation of the Antimonopoly Act of Japan regarding sales of bearing products as of June 14, 2012 at the Tokyo District Court by the Tokyo District Public Prosecutors Office. NSK received the indictment on June 19, 2012.
We offer our most sincere apologies for the concern caused to our shareholders, customers, and other stakeholders regarding this matter. We will continue to fully cooperate with the ongoing investigations. NSK takes the situation with the utmost seriousness and will further make sure to strictly comply with all applicable laws and regulations in our corporate activities. We will devote our every effort to restoring the trust of all the stakeholders and the public.