Tokyo-Based Fuji Oil Returns ¥400m Improper Tax Refund (1)

Tokyo-based Fuji Oil has returned over 400m yen in tax refunds, a company spokesperson tells Bloomberg News.

• Return was result of “difference in understanding” with tax office; amount already recorded in financial results for FY ended March
  • Company didn’t label blended products as domestically-sourced in relation to tax filing, as reported by the Asahi newspaper, spokesperson says

(Updates with company comment)

To contact the reporter on this story:
Eddy Duan in Tokyo at eduan6@bloomberg.net

To contact the editors responsible for this story:
Go Onomitsu at gonomitsu@bloomberg.net

Sarah Hilton, Ryotaro Nakamaru

© 2025 Bloomberg L.P. All rights reserved. Used with permission. ...