Toshiba Corporation Notice on Judgment of European Court of Justice (0710W)
December 20 2013 - 2:00AM
UK Regulatory
TIDMTOS
RNS Number : 0710W
Toshiba Corporation
20 December 2013
20 December, 2013
This is the translation of an announcement submitted to the
Tokyo Stock Exchange on
19 December, 2013
Representative: Hisao Tanaka
President & CEO, Toshiba Corporation
1-1-1 Shibaura, Minato-ku, Tokyo, Japan
Contact: Naoto Hasegawa, General Manager
Public Relations & Investor Relations Office
Tel: 81 3 3457 2096
Notice on Judgment of European Court of Justice
The European Court of Justice (ECJ) today delivered its final
ruling in respect of Toshiba Corporation's (Toshiba) alleged
infringement of EU Competition Law in Europe's gas insulated
switchgear (GIS) market. The judgment was delivered in the morning
of December 19 in Luxembourg, evening of the same day in Japan.
Toshiba greatly regrets that its arguments were not accepted in the
end.
With respect to the above infringement, the European Commission
issued a decision against Toshiba in June 2012 imposing fines
amounting 56.8 million euros (about 8 billion yen at 142 yen to the
euro) solely on Toshiba and 4.65 million euros (about 700 million
yen) jointly and severally with Mitsubishi Electric Corporation.
Toshiba filed an appeal with the General Court of the European
Union in September 2012 and is contesting such decision. This
appeal now continues.
Toshiba will not make any change in its business forecast for
the current fiscal year, FY2013 ending on March 31, 2014, in
respect of this judgment.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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