On December 18, 2008, Sharp Corporation received a cease and desist order and an administrative surcharge payment order from the Japan Fair Trade Commission for alleged violation of Article 3 of the Antimonopoly Act (hereinafter “Antimonopoly Act”).
After carefully reviewing the content of these orders, we find them unacceptable and have thus decided to make complaints. We submitted these complaints to the Japan Fair Trade Commission today.
According to the orders, Sharp Corporation is said to have exchanged information with another LCD manufacturer before selling LCD modules to Nintendo Co., Ltd., thus violating the Antimonopoly Act. However, Sharp believes that there was no violation of the Antimonopoly Act in connection with these dealings. Therefore, we intend to explain our case in the complaint procedures and seek for a fair decision under the law.
|The above information is true and accurate at the time of publication. Manufacture, sale, price and specifications of products may be subject to change.