Maxell : Notice regarding the Orders for Action issued by Consumer Affairs Agency to the Subsidiary of the Company
July 28, 2021 at 03:03 am EDT
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FOR IMMEDIATE RELEASE
Notice regarding the Orders for Action issued by Consumer Affairs Agency
to the Subsidiary of the Company
Tokyo, July 28, 2021 --- Maxell Holdings, Ltd. (TSE: 6810, hereinafter "the Company") announced about the orders issued by Consumer Affairs Agency as of today (hereinafter "the Orders for Action") under the provisions of the Article 7, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations (Act No. 134 of 1962, hereinafter "the Act") to the wholly owned subsidiary of the Company, Maxell, Ltd. (hereinafter "Maxell") as follows.
1. Contents of the Orders for Action
The Orders for Action was determined by the Consumer Affairs Agency that the representations used for Anti-bacterial Deodorizer "OZONEO AERO (Model number: MXAP-AE270)" (hereinafter "the Product") manufactured and sold by Maxell in several mail order websites, including Maxell's, "Maxell Online Main Store", "Maxell Online Rakuten Store" and "Maxell Online PayPay Mall Store" violated Article 5, Item 1 of the Act.
2. View and Future Forecast
Although the Company recognizes that the representations of the Product had been made after verifying sufficiently the effect of the ozone generated by the Product through a third-party organization, the Company will carefully examine the contents and consider responses to the items pointed out in the Orders for Action.
The Company also recognizes that the Orders for Action will have a minimal impact on the consolidated business performance of the Group and will continue to strive to improve the quality of our Anti-bacterial Deodorizers, including the Product, while expanding our product lineup and expanding sales.
The Company will announce immediately if there will be anything that must be disclosed in the future relating to this matter.
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Hitachi Maxell Ltd. published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 07:02:05 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
