Company name: Fuji Heavy Industries Ltd.
Representative: Mr. Yasuyuki Yoshinaga, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Mr. Kazunori Yamafuji
General Manager of Administration Department
Phone: (0)3-3347-2005
Notice concerning dispositions imposed by the Ministry of Economy,
Trade and Industry and NEDO
in connection with the improper collection of funds for commissioned
and subsidized projects
This is to give notice that today Fuji Heavy Industries Ltd. (“FHI”) was informed as follows by the Ministry of Economy, Trade and Industry and the New Energy and Industrial Technology Development Organization (“NEDO”) in connection with the improper collection of funds by the Clean Robot Division of the Eco Technologies Company of FHI related to commissioned and subsidized projects.
[Ministry of Economy, Trade and Industry]
The Ministry of Economy, Trade and Industry orders the repayment of illegitimately received subsidies, etc., directs to implement measures to prevent a recurrence, and imposes on the Clean Robot Division of the Eco Technologies Company of FHI a suspension of subsidy awards and new contracts under the Ministry from January 31 2013 through August 30 2014.
[New Energy and Industrial Technology Development Organization]
The New Energy and Industrial Technology Development Organization orders the repayment of illegitimately received subsidies, etc., directs to implement measures to prevent a recurrence, and imposes on the Clean Robot Division of the Eco Technologies Company of FHI a 4-year suspension beginning on January 31, 2013, on the conclusion of new work contracts and subsidy awards, etc.
The refund amounts imposed pursuant to the above dispositions will be charged as expenses to the accounts for the third quarter of the fiscal year ending March 2013, scheduled to be released on February 6, 2013. Any effects on operations judged material by FHI from dispositions other than the refunding will be promptly disclosed.
FHI would like to repeat its deep apologies for the trouble and concern that this incident has caused all affected parties.
End.
Supplemental information: Consolidated results forecast for the current fiscal year (public release of October 30, 2012)
and actual consolidated results of the previous fiscal year
Unit: Millions of yen
| Consolidated net sales |
Consolidated operating income |
Consolidated ordinary income |
Consolidated net income |
|
|---|---|---|---|---|
| Consolidated results forecast for the current fiscal year (April 1, 2012 to March 31, 2013) |
1,840,000 | 82,000 | 81,000 | 67,000 |
| Actual consolidated results of the previous fiscal year (April 1, 2011 to March 31, 2012) |
1,517,105 | 43,959 | 37,277 | 38,453 |