The Tokyo Regional Taxation Bureau has found that Hitachi Ltd. <6501> failed to declare some 10.1 billion yen in taxable income on a consolidated basis for the three years to March 2012, it was learned Thursday.
The major electronics company and the tax authorities had differences of opinion about materials bought for the restoration of plants damaged by the March 2011 earthquake and tsunami in northeastern Japan, sources said.
A Hitachi official said the company has received a notice of correction from the taxation bureau and understood what was pointed out. Since the company, which incurred a group net loss of 787.3 billion yen in the year to March 2009, has cumulative losses, it was not ordered to pay neither back taxes or penalties, the official said.
The last section of the Joban Expressway, designed to connect the Tokyo metropolitan area with the Tohoku northeastern region, opened to traffic on Sunday after delays caused by the nuclear crisis that began almost four years ago. (The Japan News)
Japanese actress Rei Dan has been appointed an international goodwill ambassador for Japanese cuisine ("washoku"). Her mission is to spread appreciation for the many charms of "washoku," the agriculture ministry said. (Japan Today)
A 57-year-old man being investigated on a charge of possession of illegal drugs, who escaped from police by stealing a taxi in Shimonoseki, Yamaguchi Prefecture, on Feb 6, has turned himself in a police station. (Japan Today)