Amendments and Repeals of Laws and Regulations Relating to the Construction Industry and Litigation Outcomes
First written in FY2016. 11 of 14 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-10-23.
Kajima moved to the "Worse" side of this theme in 2017, 9 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The company had appealed to the Tokyo High Court after receiving a judgment on 27 June 2024 dismissing its claim, but received a judgment dismissing the appeal on 15 May 2025. On 26 May 2025, the company filed a petition for final appeal and a petition for acceptance of the final appeal with the Supreme Court.」
In the action to rescind the cease-and-desist order under the Antimonopoly Act, a judgment dismissing the appeal was issued, and the case proceeded to a petition for final appeal and a petition for acceptance of the final appeal with the Supreme Court. The legal proceedings relating to the risks associated with construction-related laws and regulations and litigation advanced further. - FY2023MaterialisedAnnual report
「On 2 March 2023, the company received a judgment dismissing its appeal. ... On 14 March 2023, it filed a petition for final appeal with the Supreme Court.」
In the Antimonopoly Act case concerning Chuo Shinkansen construction work, a judgment dismissing the appeal was issued, and the case proceeded to a petition for final appeal to the Supreme Court. This represents a specific development in the risks associated with construction-related laws and regulations and litigation. - FY2022-Q3MitigatedAnnual report
「The arbitration award denied the claim for damages based on the company's breach of its obligations and upheld only the claim for distribution of surplus funds managed by the company as assets of the joint venture. It also ordered the company to pay the claimant amounts calculated at the statutory commercial interest rate on the surplus funds and other amounts. ... Both the claimant and the company completed payment of the amounts required under the arbitration award promptly after receiving it.」
In the arbitration concerning the Algerian East-West Highway construction project, the claim for damages based on the company's breach of its obligations was denied, and payment of the amounts required under the arbitration award was completed. A litigation settlement payment of ¥1,593 million was recorded, and the arbitration proceedings have been resolved. - FY2021MaterialisedAnnual report
「On 1 March 2021, the company received a Tokyo District Court judgment imposing a fine of ¥250 million, and one of its employees also received a suspended conviction. The company filed an appeal with the Tokyo High Court on 10 March 2021.」
In relation to the risks associated with construction-related laws and regulations and litigation, a criminal judgment and an appeal arose concerning the Chuo Shinkansen construction project. The company also filed an action to rescind the Fair Trade Commission's cease-and-desist order. - FY2021-Q3MaterialisedAnnual report
「On 22 December 2020, we received a cease-and-desist order from the Japan Fair Trade Commission for suspected violations of the Antimonopoly Act in connection with the construction of new Shinagawa and Nagoya stations using the cut-and-cover method for the Chuo Shinkansen ordered by Central Japan Railway Company.」
A specific event occurred in relation to the risks associated with construction-related laws and regulations: the company received a cease-and-desist order from the Fair Trade Commission. At a board meeting held on 12 February 2021, the company resolved to file an action to rescind the order. - FY2020-Q3MaterialisedAnnual report
「On 30 July 2019, our consolidated subsidiary 鹿島道路株式会社 received from the Japan Fair Trade Commission a cease-and-desist order and a surcharge payment order under the Antimonopoly Act, on the grounds that it had engaged in conduct violating Article 3 of the Act, which prohibits unreasonable restraints of trade, in connection with the manufacture and sale of asphalt mixtures nationwide. The company subsequently carefully considered its response after reviewing and verifying the contents of the orders and the evidence it had inspected. Believing that the findings of fact and judgments in the orders were erroneous, it filed actions with the Tokyo District Court on 28 January 2020 to rescind the respective orders and seek judicial determination.」
A specific event occurred in relation to the risks associated with construction-related laws and regulations: Kajima Road received cease-and-desist and surcharge payment orders under the Antimonopoly Act and filed an action to rescind them. - FY2019MaterialisedAnnual report
「Kajima Road Co., Ltd., a subsidiary of the company, was subject to an on-site inspection by the Fair Trade Commission on 28 February 2017 on suspicion of violating the Antimonopoly Act in connection with determining the selling prices of asphalt mixtures sold nationwide. On 6 March 2019, the company received from the Commission a notice of an opinion hearing concerning draft cease-and-desist order and surcharge payment order under the Antimonopoly Act.」
A specific event occurred in relation to the risks associated with the Antimonopoly Act: the subsidiary Kajima Road received from the Fair Trade Commission a notice of an opinion hearing concerning draft cease-and-desist and surcharge payment orders. - FY2019-Q3MaterialisedAnnual report
「During the third quarter of the current consolidated fiscal year, the company received a request for arbitration from the Japan Commercial Arbitration Association (JCAA). The claimant is seeking payment from the company of ¥82,242,576,833, DZD25,262,230,352 (approximately ¥23,943.54 million at an exchange rate of DZD1 = ¥0.9478), and €273,316 (approximately ¥35.10 million at an exchange rate of €1 = ¥128.43), as damages and other amounts.」
A joint venture member initiated JCAA arbitration concerning the Algerian East-West Highway construction project and claimed a substantial payment as damages and other amounts. The company states that it intends to contest the claim through the arbitration proceedings on the grounds that it lacks merit, and considers that there will be no impact on its earnings outlook. - FY2018MaterialisedAnnual report
「In March 2018, the company and one of its employees were indicted on suspicion of violating the Antimonopoly Act in connection with construction work for the Chuo Shinkansen ordered by Central Japan Railway Company.」
A specific event occurred in relation to the risks associated with construction-related laws and regulations and litigation outcomes: the company and an employee were indicted on suspicion of violating the Antimonopoly Act in connection with Chuo Shinkansen construction work. - FY2017-Q3MaterialisedAnnual report
「Litigation settlement payment ― 104」
A ¥104 million litigation settlement payment was recorded as an extraordinary loss for the nine-month period of the current consolidated fiscal year, with the impact of litigation appearing in reported results. - FY2016First statedAnnual report
「The construction industry in which our Group operates is subject to legal regulations including the Construction Business Act, Building Standards Act, Real Estate Brokerage Act, National Land Use Planning Act, City Planning Act and Antimonopoly Act. Accordingly, amendments to or repeal of these laws, the introduction of new legal regulations, changes in applicable standards and other developments may affect business performance and other matters. In addition, litigation and other legal proceedings involving our Group may affect business performance and other matters if the outcomes differ from the claims and expectations of our Group.」
The company identifies amendments to or repeal of construction-related laws and regulations, new regulations, changes in applicable standards and litigation outcomes as legal risks.