Decision and Details
Settlement of shareholder derivative action
To resolve the shareholder derivative action concerning the Company's damages arising from violations of the Antimonopoly Act in connection with the determination of selling prices for asphalt mixtures.
The ¥21 million settlement payment to be received by the Company is scheduled to be recognized as extraordinary income for the fiscal year ending March 2027, after deducting attorneys' fees and other expenses to be paid by the Company to the plaintiff.
| Item | Details |
|---|---|
| Matter Covered | Settlement of shareholder derivative action |
| Decision Date | 14 April 2026 (settlement date) |
| Implementation Date | The settlement payment is scheduled to be made by 15 May 2026. |
| Period Covered | Fiscal year ending March 2027 (recognition of extraordinary income) |
| Amount | Settlement payment of ¥21 million, surcharge payment order of ¥21.707 billion relating to violations of the Antimonopoly Act, claim amount of ¥1.14564 billion, and maximum amount of ¥21.707 billion |
| Impact on Business Performance | The ¥21 million settlement payment to be received by the Company is scheduled to be recognized as extraordinary income for the fiscal year ending March 2027, after deducting attorneys' fees and other expenses to be paid by the Company to the plaintiff. |
| Reason | To resolve the shareholder derivative action concerning the Company's damages arising from violations of the Antimonopoly Act in connection with the determination of selling prices for asphalt mixtures. |
| Governing Rule | Act on Prohibition of Private Monopolization and Maintenance of Fair Trade |
| Related previous disclosures | “Notice Regarding Shareholder Derivative Action” dated 1 March 2024 |
| Future plans | The defendant is scheduled to pay ¥21 million by 15 May 2026. The Company plans to recognize the payment as extraordinary income for the fiscal year ending March 2027. The Company will publish the settlement details on its website promptly after the settlement is reached. |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To resolve the shareholder derivative action concerning the Company's damages arising from violations of the Antimonopoly Act in connection with the determination of selling prices for asphalt mixtures.