Damages Lawsuit and Counterclaim Concerning Termination of a Business Relationship
First written in FY2018-Q3. 6 of 14 entries say "Restated". Latest entry: FY2022.
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- FY2022Decrease in provision for litigation lossesAnnual report
「Increase (decrease) in provision for litigation losses (△ indicates a decrease) 7,810 △7,810」
In the statement of cash flows, the change in the provision for litigation losses was a decrease of ¥7.810 million in the current period, compared with ¥7.810 million in the previous period. The text does not establish that the litigation has been concluded or otherwise resolved. - FY2022-Q3Litigation-related losses recognizedAnnual report
「Litigation-related loss ― 1,589」
Litigation-related loss of ¥1.589 million was recorded as an extraordinary loss for the cumulative third quarter period. - FY2022-Q1Litigation-related expenses recognizedAnnual report
「Litigation-related expenses — 1,014」
The company recognized ¥1.014 million in litigation-related expenses as non-operating expenses during the cumulative first-quarter period. - FY2021MaterialisedAnnual report
「Extraordinary losses amounted to ¥8 million, mainly due to the recognition of ¥7 million in provision expense for litigation losses to cover losses related to ongoing litigation.」
The company recognized ¥7 million in provision expense for litigation losses to cover losses related to ongoing litigation. - FY2021-Q3RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥19.000 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts. The company believes that 株式会社新栄物産's claim is without basis and will assert its position through the courts.」
The damages claim and counterclaim concerning the termination of a business relationship remain ongoing. The opposing party's claim is ¥19.000 million, and the company's counterclaim is ¥9.645 million. - FY2021-Q2RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥19.000 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts. The company believes that 株式会社新栄物産's claim is without basis and will assert its position through the courts.」
The damages claim and counterclaim concerning the termination of a business relationship remain ongoing. The opposing party's claim is ¥19.000 million, and the company's counterclaim is ¥9.645 million. - FY2021-Q1Claim amount updated to ¥19.000 millionAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥19.000 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts.」
The opposing party's claim in the ongoing damages litigation is stated as ¥19.000 million. The counterclaim amount is ¥9.645 million. - FY2020-Q3Dispute continues after settlement proposalAnnual report
「On 12 December 2019, the Niigata District Court presented a settlement proposal. However, the company believes that 新栄物産's claim is without basis and cannot accept the proposal, and will continue to assert its position through the courts.」
While the damages claim and counterclaim remain ongoing, the court presented a settlement proposal, but the company did not accept it and states that it will continue to assert its position through the courts. - FY2020-Q2RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥18.963 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts.」
The damages claim and counterclaim concerning the termination of a business relationship remain ongoing. - FY2020-Q1RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥18.963 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts. The company believes that 株式会社新栄物産's claim is without basis and will assert its position through the courts.」
The damages claim and counterclaim concerning the termination of a business relationship remain ongoing. The opposing party's claim is ¥18.963 million, and the company's counterclaim is ¥9.645 million. - FY2019-Q3RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥18.963 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts.」
The damages claim and counterclaim concerning the termination of a business relationship remain ongoing. The opposing party's claim is ¥18.963 million, and the company's counterclaim is ¥9.645 million. - FY2019-Q2RestatedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥18.963 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts.」
The litigation and counterclaim concerning the termination of a business relationship are ongoing. The opposing party's claim is stated as ¥18.963 million, and the company's counterclaim as ¥9.645 million. - FY2019-Q1RaisedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥18.963 million in lost profits and other amounts related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts.」
Litigation concerning the termination of a business relationship is ongoing, and the opposing party's claim has been updated from ¥16.024 million as previously stated to ¥18.963 million. - FY2018-Q3First statedAnnual report
「The company was sued by 株式会社新栄物産 for damages seeking payment of ¥16.024 million in lost profits related to the termination of a business relationship, plus delay damages. The company has also filed a counterclaim against 株式会社新栄物産 seeking payment of ¥9.645 million in the purchase price, plus delay damages, in a lawsuit for payment of the purchase price and other amounts. The company believes that 株式会社新栄物産's claim is without basis and will assert its position through the courts.」
Following the damages claim concerning the termination of a business relationship, the company has also filed a counterclaim seeking payment of the purchase price and other amounts. The claim amounts have been quantified, and the litigation has actually commenced.