Litigation Arising from Property Defects, Construction Work and Tenant Disputes
First written in FY2020. 2 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025.
Landix moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Provision for loss on damages of ¥4.51 million; damages expense of ¥5 million」
For damages that could be associated with litigation and claims risk, an expense for provision for loss on damages of ¥4.51 million and damages expense of ¥5 million were recognized in the current fiscal year. - FY2024MaterialisedAnnual report
「Provision for loss on damages of ¥25.074 million」
An estimated future loss of ¥25.074 million relating to damages that could be associated with claims concerning properties, construction work and customer relations was recognized as an expense for provision for loss on damages. - FY2020First statedAnnual report
「As of the end of the current consolidated fiscal year, there were no material lawsuits involving the Group. However, lawsuits and other claims could arise from or be related to defects in properties sold by the Group, disputes with neighbors concerning development work conducted by the Group, customer complaints regarding construction work undertaken by the Group, and disputes with tenants and others when moving in or out.」
While stating that there were currently no material lawsuits, the Company disclosed the possibility of future litigation relating to the sale, development, contracting and leasing processes.