Summary: Nishino Transportation Issues Apology and Reinforces Supplier Relations Policies, Responding to Fair Trade Commission’s Publication of Companies that Failed to Discuss Price Transfers Adequately.

In response to the issue where the Fair Trade Commission publicly disclosed companies that had maintained their transaction prices without sufficient discussions regarding price pass-through, Nittsu Transport, a company whose name was mentioned, issued a statement on the 15th expressing deep reflection, stating, “We deeply regret that our response may not have been fully understood and apologize for any inconvenience caused.” The company acknowledges the importance of effective communication and compliance with fair trade practices and vows to address the situation earnestly. Stay tuned for updates on how Nittsu Transport addresses and rectifies the concerns raised by the Fair Trade Commission regarding price pass-through practices.