Kobe Steel confirms data tampering in iron powder products, research unit

Image Zoom             
                                                            |By Yuka Obayashi

Image Zoom |By Yuka Obayashi

In Nikkei's report, subsidiary of Kobelco Research, which controls Kobe Steel and or manufacturers ' products, reportedly shipped semiconductor materials to customers without checking.

Auto giant Toyota has already said Kobe Steel supplied materials to one of its Japanese factories, which used them in hoods, rear doors and surrounding areas of certain vehicles. Turkish consumers, who read scandal, said that this could be cause of long-time immigrants in ir vehicles, and that victimization of ir lives could be revealed in this way more clearly. "We won't know if we need to take any action until those investigations are complete", a spokesperson said.

Japan's "Shinkansen" bullet trains also used Kobe Steel's aluminum, as did high-speed trains in Britain, according to engineering firm Hitachi.

The country's trade ministry also wants Kobe Steel to provide reasons for the data fabrication and prevention measures within a month, Mr Kawasaki told reporters after meeting with the ministry.

Kobe Steel said on Sunday that employees had altered inspection certificates on aluminum and copper products to make it look as if they met manufacturing specifications required by customers, when in fact they did not. He criticized the apparently widespread falsification of data as "inappropriate".

The corrosive business practices have raised broader questions over corporate governance in Japan, and cast doubt on the integrity of a manufacturing industry once the envy of the world. "Kobe Steel's technology is not something easily substitutable by others, and existing customers have nowhere else to go", said Yasuo Sakuma, Chief Investment Officer at Libra Investments in Tokyo.

MHI said Kobe Steel products were used on its Mitsubishi Regional Jet and rockets, including a H-2A rocket launched on Tuesday to put a navigation satellite into orbit. Faced with the latest in a series of missteps that have undermined Japan's reputation for high-quality production, the industry ministry instructed Kobe Steel to assess the safety impact from the scandal.

Bragar Eagel & Squire, P.C.is investigating potential claims against Kobe Steel, Ltd. (OTC:KBSTY). Kobe Steel said it had failed to carry out tests it had agreed to conduct, and improperly "rewrote" inspection data.

The admission from the steel and aluminum maker follows scandals involving falsified data at household names such as Nissan Motor, Mitsubishi Motors and Takata Corp., which filed for bankruptcy earlier this year.

The company's shares steadied after a two-day rout.

The steelmaker reported losses in the last two financial years, but has said it expects to return to profit this year.

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