Date: 2016-08-12

NSK's Statement on Decision by the Korea Fair Trade Commission

Tokyo, Japan, November 14, 2014 (Japan Standard Time) - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) and NSK Korea Co., Ltd. a subsidiary of NSK (NSK Korea), have received a decision from the Korea Fair Trade Commission regarding contraventions of the Monopoly Regulation and Fair Trade Act in connection with certain past sales of bearings in Korea.

Following internal investigations into transactions in Korea, NSK and NSK Korea have fully cooperated with the Korea Fair Trade Commission's investigation. As a result, NSK and NSK Korea have been exempted from any remedial order, surcharge, or criminal report.

We express our sincere regret for the concern this matter has caused our shareholders, customers, and other stakeholders. NSK and its subsidiaries regard the situation with the utmost seriousness and have taken and will continue to take comprehensive measures with the help of outside experts and others to ensure strict compliance with all applicable laws and regulations during our corporate activities. We will devote every effort to restoring the trust of all stakeholders and the public.

The decision has no impact on NSK's consolidated business forecast for the fiscal year ending March 31, 2015, because, as stated above, NSK and NSK Korea have received no surcharges or other sanctions in relation to the matter above.

Previous: Timken Declares Quarterly Dividend of 25 Cents Per Share
Next: Schaeffler UK plant achieves two-year accident-free target

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
23160BK+H3160 NTN	280	380	53
23060BK+H3060 NTN	280	360	54

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.