Decision to File a Lawsuit Seeking Damages Against the Former Representative Director
株式会社イメージワン (the filing company)
The execution of duties and related matters during the tenure of Shimaoka Jun (島岡潤). The third-party committee identified issues involving compliance awareness, risk management, information sharing among directors and mutual oversight as contributing factors.
Related procedures
Lawsuit seeking damages pursuant to Article 423, Paragraph 1 of the Companies Act (decision stage regarding the policy to file the lawsuit)
Tokyo District Court
株式会社イメージワン
Shimaoka Jun (島岡潤), the Company’s former Representative Director
Approximately ¥195 million, plus an amount accruing at an annual rate of 3% from the day following service of the complaint until payment is made.
Company response
An investigation by a third-party committee comprising external experts. The published version of the investigation report was released on 16 January 2024.
The Company will clarify the oversight of, and responsibility for, the execution of directors’ duties, thereby strengthening its governance structure as a listed company.
The Company plans to pursue damages liability under Article 423, Paragraph 1 of the Companies Act against former Representative Director Shimaoka Jun (島岡潤).
The impact on results is Not disclosed. The amount to be claimed is approximately ¥195 million, and approximately ¥7 million in litigation-related expenses is expected to be incurred.
The lawsuit will be filed promptly once counsel has completed the necessary preparations. The accounting treatment arising from the filing of this lawsuit will be handled appropriately in consultation with the audit firm. The Company will promptly disclose the matter when the lawsuit is actually filed or when any matter requiring disclosure arises.
The Company plans to provide prompt notification when the lawsuit is actually filed or when any matter requiring disclosure arises.
| Item | Details |
|---|---|
| Event name | Decision to File a Lawsuit Seeking Damages Against the Former Representative Director |
| Date of occurrence | 24 September 2026 (the Board of Directors decided on the policy to file the lawsuit) |
| Subject Entity | 株式会社イメージワン (the filing company) |
| Cause | The execution of duties and related matters during the tenure of Shimaoka Jun (島岡潤). The third-party committee identified issues involving compliance awareness, risk management, information sharing among directors and mutual oversight as contributing factors. |
| Amount of Impact on Business Performance | The impact on results is Not disclosed. The amount to be claimed is approximately ¥195 million, and approximately ¥7 million in litigation-related expenses is expected to be incurred. |
| Type of litigation or proceeding | Lawsuit seeking damages pursuant to Article 423, Paragraph 1 of the Companies Act (decision stage regarding the policy to file the lawsuit) |
| Court or authority | Tokyo District Court |
| Plaintiff | 株式会社イメージワン |
| Defendant | Shimaoka Jun (島岡潤), the Company’s former Representative Director |
| Date of filing / date of action | Not yet filed. The lawsuit is scheduled to be filed promptly once counsel has completed the necessary preparations. The date of the decision on the policy to file the lawsuit was 24 September 2026. |
| Claim amount / surcharge amount | Approximately ¥195 million, plus an amount accruing at an annual rate of 3% from the day following service of the complaint until payment is made. |
| Investigation structure | An investigation by a third-party committee comprising external experts. The published version of the investigation report was released on 16 January 2024. |
| Measures to prevent recurrence | The Company will clarify the oversight of, and responsibility for, the execution of directors’ duties, thereby strengthening its governance structure as a listed company. |
| Directors' and officers' liability | The Company plans to pursue damages liability under Article 423, Paragraph 1 of the Companies Act against former Representative Director Shimaoka Jun (島岡潤). |
| Outlook | The lawsuit will be filed promptly once counsel has completed the necessary preparations. The accounting treatment arising from the filing of this lawsuit will be handled appropriately in consultation with the audit firm. The Company will promptly disclose the matter when the lawsuit is actually filed or when any matter requiring disclosure arises. |
| Planned follow-up disclosure | The Company plans to provide prompt notification when the lawsuit is actually filed or when any matter requiring disclosure arises. |
Items this document does not state (9)
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.Based on the findings in the investigation report issued by the third-party committee, including problems in the execution of duties under the management structure at the time and issues involving compliance awareness, risk management, information sharing and mutual oversight, the Company will pursue responsibility for the damage caused by the execution of duties by former Representative Director Shimaoka Jun (島岡潤) and strengthen its governance structure.