Japan's NSK fined C$4.5 million in Canada for price-fixing
TOKYO (Reuters) - Japan's NSK Ltd (6471.T: Quote) said on Friday it had been ordered to pay a fine of C$4.5 million ($4.03 million), or about 410 million yen, by the Canadian province of Quebec on price-fixing charges for bearings used in cars.
The company said it would book the fines as an extraordinary loss in its October-December third quarter, but that the impact on its earnings would be negligible.
($1 = 1.1180 Canadian dollars)
(Reporting by Chang-Ran Kim; Editing by Edmund Klamann)
© Thomson Reuters 2017 All rights reserved.