Japanese Authorities Raid Six Ice Cream Firms Over Suspected Price Collusion

Japanese authorities raided six major ice cream makers this week on suspicion of colluding to raise prices ahead of peak summer demand. The raids targeted firms believed to account for a large share of the domestic market. Officials have not released the names of the companies involved.

Authorities said the suspected collusion involved coordinated price increases. No charges have been filed and the probe remains ongoing. Summer typically drives higher sales for ice cream manufacturers in Japan. The timing of the raids comes as the season approaches. The companies have not commented publicly on the matter.