Risk of Material Litigation
First written in FY2017. 1 of 4 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2023.
20 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「No lawsuits or other legal proceedings with a material impact on the business have been filed against the Group during the current consolidated fiscal year, but if a material lawsuit or other proceeding is filed, the Group's operating results and financial position may be affected.」
The disclosure states that an estimated loss burden related to a pending lawsuit involving the Shanghai subsidiary was recognized in the previous fiscal year, but that no lawsuits or other legal proceedings with a material impact had been filed during the current fiscal year. - FY2022Litigation loss recognized for the full yearAnnual report
「To provide for losses related to a pending lawsuit involving Taisei Oncho Kiden Engineering (Shanghai) Co., Ltd., the estimated amount of the expected loss burden, reasonably calculated based on the status of the proceedings and other relevant circumstances, has been recognized.」
An estimated loss burden of ¥28.89 million related to a pending lawsuit involving the Shanghai subsidiary was recognized as an extraordinary loss. - FY2022-Q3MaterialisedAnnual report
「Provision for litigation losses 27,090」
An expense of ¥27.09 million for a provision for litigation losses was recognized as an extraordinary loss, quantifying the burden associated with a material lawsuit or other proceeding previously identified as a future risk. - FY2017First statedAnnual report
「No lawsuits or other legal proceedings with a material impact on the business have been filed against the Group during the current consolidated fiscal year, but if a material lawsuit or other proceeding is filed in the future,」
Although no material lawsuits were reported during the current fiscal year, future material lawsuits are explicitly identified as a risk.