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Business trends

Shareholders likely behind Japanese contractor admitting antitrust violation

Possible lawsuits, ESG investors prompted Obayashi to seek leniency

Total construction costs for the new magnetic-levitation train line commissioned by Central Japan Railway are expected to reach about 5.5 trillion yen by the time it opens in 2027.

TOKYO -- Obayashi, a leading Japanese construction company, admitted breaching antitrust laws in bidding for contracts for a new high-speed train project, with the voluntary nature of its disclosure meaning it will likely escape any fine.

The company told the Japan Fair Trade Commission, the country's antitrust watchdog, that it was involved in obstructing the bidding along with three other top contractors -- Taisei, Kajima and Shimizu -- and was raided by public prosecutors in December. 

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