A new day, a new admission of wrongdoing by a corporate giant in Japan, as Mitsubishi Materials admitted on Thursday that it falsified data on several products, including some components that were used in airplanes and cars, for over a year.
This just adds to the growing list in Japan of corporate scandals.
Two or more subsidiaries of the company faked their data to meet the specification clients set, Mitsubishi announced through a prepared statement on Thursday.
Mitsubishi Cable Industries has mispresented data for rubber sealants that are used in aircraft and automobiles, added the company. Data was faked on close to 270 million units it sold from April of 2015 to September of 2017, to more than 229 customers.
Another subsidiary called Mitsubishi Shindoh, has fudged numbers for some metal products for the last year and possible longer, including for copper and brass parts that are used in the electronics and automotive industries.
Twenty-nine or more companies are thought to have purchased the parts that are in question.
Mitsubishi Materials said that no instances at this time have been identified as illegal conduct or the concerns relating to the safety at either of the subsidiaries.
It added that it would be impossible in give an estimate on the full financial fall out since it is too early.
Japan, at one time the envy around the globe for its prowess in manufacturing, has struggled with several embarrassing controversies.
Last month, Kobe Steel released an admission to falsifying information on products it sold to large clients like Toyota and Boeing sending its stock plunging by over 40%.
Mitsubishi was one of many companies affected by the scandal at Kobe Steel, having used some of the metal parts that were made with false data in its aircraft.
Both companies also hold a joint venture that produces copper tubes.
Shortly after the scandal at Kobe Steel erupted top makers of cars such as Subaru and Nissan both made admissions they allowed workers who were uncertified inspect vehicles. They have recalled thousands of vehicles because of that.
Millions of other cars across the globe were also recalled due to another firm based in Japan Takata, whose exploding airbags led to a series of deaths and forced the business to file for bankruptcy protection last June.
Meanwhile, Toshiba has struggled do to an accounting scandal and the troubles over is business for nuclear power.