TOKYO (Reuters) - Japan's Toray Industries said on Tuesday it will hold a news conference regarding data falsification at a subsidiary, in what could be the latest in a series of quality-assurance scandals to hit Japanese manufacturers.
The major Japanese materials maker's president, Akihiro Nikkaku, and the chief of automotive tire-related materials unit Toray Hybrid Cord Inc will attend the presser at 10:30 a.m. (0130 GMT).
The announcement follows a spate of compliance failings at Japanese manufacturers including Kobe Steel Ltd , Nissan Motor Co Ltd , Subaru Co Ltd and Mitsubishi Materials Corp .
Shares of Toray plunged more than 8 percent following the announcement.
Sadayuki Sakakibara, senior advisor of Toray Industries Inc, is the head of Japan's influential Keidanren business lobby.
(Reporting by Makiko Yamazaki; Editing by Stephen Coates)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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