( September 19, 2025, 07:43 GMT | Official Statement) -- MLex Summary: Japanese auto parts maker Jtekt, a Toyota affiliate based in Aichi Prefecture, has received a corrective recommendation for violating the Subcontract Act. The Japan Fair Trade Commission on Friday said the company deducted 1.77 million yen ($12,000) more than necessary in bank transfer fees from 374 subcontractors. Although Jtekt reimbursed the money in December 2024, the watchdog said it was still a violation of the law to charge subcontractors after payments had been decided, even if they had agreed to cover bank transfer costs. Jtekt said in a statement that the overcharges stemmed from a system error. Since April, the company has been covering transfer fees itself.The statement, in Japanese, is attached. ...
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