November 12, 2020
Japan Fair Trade Commission
In response to the notice which the Japan Fair Trade Commission (hereinafter referred to as the “JFTC”) issued to SEED Co., Ltd. (hereinafter referred to as “SEED”) in accordance with the Commitment Procedures on September 9, 2020, SEED made an application for approval of the JFTC. The JFTC investigated SEED and suspected that activities of SEED violated the Article 19 (note) of the Antimonopoly Act.
(note) Unfair Trade Practices stipulated in Paragraph 12, [Trading on Restrictive Terms] of the Antimonopoly Act.
The JFTC, after considering the application, recognized that the commitment plan of SEED would conform to the requirements and approved it today.
This approval of the commitment plan does not represent the determination that the activities of SEED constituted the violation under the Antimonopoly Act.
*SEED is a manufacturer of contact lenses, etc. headquartered in Tokyo.
＊This announcement is a tentative translation.
Please refer to the original text written in Japanese for more details.
