Kobe Steel to announce causes of data cheating, CEO to brief

FAN Editor
FILE PHOTO: The Kobe Steel (Kobelco) logo is seen on the company's headquarters in Kobe
FILE PHOTO: The Kobe Steel (Kobelco) logo is seen on the company’s headquarters in Kobe, western Japan October 24, 2017. Picture taken October 24, 2017. REUTERS/Thomas White

November 10, 2017

TOKYO (Reuters) – Kobe Steel Ltd <5406.T> said it would announce on Friday the results of an internal investigation into the causes of a data-cheating scandal that has rocked the Japanese steelmaker and affected hundreds of customers globally.

Japan’s third-biggest steelmaker said it would release the internal report, which includes countermeasures to prevent a recurrence, at 4:30 p.m. (0730 GMT).

President and Chief Executive Officer (CEO) Hiroya Kawasaki will hold a news conference at 5:00 p.m. (0800 GMT), after reporting to the industry ministry.

(Reporting by Yuka Obayashi; Editing by Chang-Ran Kim)

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