Kobe Steel blames data scandal on focus on profit, lack of controls

By Yuka Obayashi and Kentaro Hamada

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© (c) Copyright Thomson Reuters 2017.

©2019 GPlusMedia Inc.

Login to comment

Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits 

No kidding? Tell us all something we don't know.

1 ( +3 / -2 )

Perhaps the title of the article should be, "Kobe Steel admits this scandal is due to a lack of quality controls and a focus on profits"

I have a feeling this is really going to hurt their business. The article also says,

"As of Friday, the company said 474 out of 525 affected customers found no safety issues or their products were deemed safe by Kobe Steel, up from 470 earlier this week."

If I was buying or using Kobe Steel manufactured product in any application critical to safety or the environment I would certainly not take Kobe Steel's word for it and I would hire my own 3rd Party to perform the investigation.

0 ( +2 / -2 )

Improving our management and corporate governance and instilling a culture where employees can say anything are imperative

Pillars of Japanese company management, see evil, hear evil, say nothing, collect bonuses

4 ( +5 / -1 )

The scandal is due to incompetent, greedy, entitled management who know they will never be properly held to account for their actions so grab the money and stuff everyone else!

2 ( +3 / -1 )

In other words greed. Go to jail, go directly to jail, do not pass go, do not collect $200.

1 ( +2 / -1 )

has posted losses in the last two business years

Can’t have been focused too much on profits after all then.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites