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.
This document is an English convenience translation of a document that was originally prepared in the Japanese language and is provided for convenience purposes only. NSK makes no representation or warranty that this document is a complete or accurate translation of the original Japanese text, and is not intended to be relied upon. In the event that there is a discrepancy between the Japanese and English versions, the Japanese version shall prevail. This document is not intended and should not be construed as an inducement to purchase or sell stock in NSK.