Competition Law Investigation and Class Action Lawsuit Relating to Film Capacitor Transactions
First written in FY2016. 16 of 30 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Litigation-related losses continue to be recognizedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation and other proceedings concerning the Group’s film capacitor transactions.」
While the U.S. litigation remains settled under the settlement agreement, a litigation-related loss of ¥11 million was recognized for costs incurred in responding to the class action and other matters. - FY2026-H1Litigation-related losses continued to be recognized and increased slightlyAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation and other proceedings concerning the Group’s film capacitor transactions.」
The response to class-action litigation and other proceedings related to film capacitor transactions continued, and litigation-related losses for the current interim period amounted to ¥9 million. This was up from ¥5 million in the same period of the previous year. - FY2025-H1RestatedAnnual report
「These were expenses incurred in responding to litigation and other proceedings concerning the Group’s film capacitor transactions, with the breakdown as follows: legal fees and other expenses, ¥5 million.」
The response to litigation related to film capacitor transactions continues, and ¥5 million in legal fees and other expenses was recognized during the current interim consolidated accounting period. This was down from ¥51 million in litigation-related losses in the previous interim period. - FY2024RestatedAnnual report
「The Company has responded to multiple lawsuits and other proceedings, including class-action litigation, filed in the United States since November 2014 alleging that transactions involving Japanese capacitor manufacturers, including the Group, violated U.S. antitrust laws. Settlement agreements have now been reached with the plaintiffs in all litigation in the United States. However, depending on developments in litigation and other proceedings brought outside the United States, the Group’s financial condition and operating results could be affected.」
The status that all U.S. litigation had been settled was reconfirmed. Meanwhile, the possibility of an impact from litigation and other proceedings outside the United States remains, and ¥66 million in litigation-related losses was recognized in the current fiscal year. - FY2024-Q3Litigation-related losses decreased year on year, but settlement payments continued to be recognizedAnnual report
「Although litigation-related losses, including legal fees and settlement payments incurred in responding to civil litigation and other proceedings in the United States concerning film capacitor transactions, were recognized as extraordinary losses, quarterly net income attributable to owners of the parent rose substantially to ¥1,280 million, up 114.2% year on year.」
The response to litigation in the United States concerning the Group’s film capacitor transactions continued, and litigation-related losses for the nine months ended the third quarter amounted to ¥63 million. Although this was down from ¥185 million in the same period of the previous year, ¥30 million in legal fees and ¥32 million in settlement payments were recognized. - FY2024-Q2Litigation-related losses decreased year on year, but settlement payments were recognizedAnnual report
「Although litigation-related losses, including legal fees and settlement payments incurred in responding to civil litigation and other proceedings in the United States concerning film capacitor transactions, were recognized as extraordinary losses, quarterly net income attributable to owners of the parent rose substantially to ¥810 million, up 236.1% year on year.」
The response to litigation in the United States concerning the Group’s film capacitor transactions continued, and litigation-related losses for the six months ended the second quarter amounted to ¥51 million. Although this was down from ¥178 million in the same period of the previous year, ¥19 million in legal fees and ¥32 million in settlement payments were incurred. - FY2024-Q1Litigation-related losses continue to be recognizedAnnual report
「These were expenses incurred in responding to litigation and other proceedings in the United States concerning the Group’s film capacitor transactions, with the breakdown as follows.」
In responding to litigation and other proceedings in the United States, ¥45 million in litigation-related losses was recognized in the first quarter. The breakdown was ¥3 million in legal fees and other expenses, ¥8 million in provision for litigation losses, and ¥32 million in settlement payments, indicating that the burden of responding to the litigation continues. - FY2023MitigatedAnnual report
「As of the date of submission of the annual securities report, settlement agreements had been reached with the plaintiffs in all litigation in the United States. However, depending on developments in litigation and other proceedings brought outside the United States, the Group’s financial condition and operating results could be affected.」
As of the date of submission, settlement agreements had been reached in all U.S. litigation related to the Group’s film capacitor transactions, reducing the U.S. litigation risk. Meanwhile, the possibility of litigation and other proceedings outside the United States remains, and ¥187 million in litigation-related losses was recognized in the current fiscal year. - FY2023-Q3WorsenedAnnual report
「Although litigation-related losses, including legal fees and settlement payments incurred in responding to civil litigation in the United States concerning film capacitor transactions, were recognized as extraordinary losses, quarterly net income attributable to owners of the parent was ¥597 million, up 32.9% year on year.」
Regarding litigation in the United States concerning the Group’s film capacitor transactions, ¥32 million in legal fees and other expenses, ¥3 million in provision for litigation losses, and ¥149 million in settlement payments were recognized, for total litigation-related losses of ¥185 million. The burden of responding to the litigation increased from ¥20 million in the same period of the previous year. - FY2023-Q2WorsenedAnnual report
「However, because litigation-related losses, including legal fees and settlement payments incurred in responding to civil litigation in the United States concerning film capacitor transactions, were recognized as extraordinary losses, quarterly net income attributable to owners of the parent was ¥241 million, down 11.7% year on year.」
Regarding litigation in the United States concerning the Group’s film capacitor transactions, ¥178 million in litigation-related losses, including legal fees and settlement payments, was recognized, while the provision for litigation losses amounted to ¥152 million. The burden of responding to the litigation is increasing. - FY2023-Q1RestatedAnnual report
「These were expenses incurred in responding to litigation and other proceedings in the United States concerning the Group’s film capacitor transactions, with the breakdown as follows.」
The response to class-action litigation and other proceedings in the United States continues, and litigation-related losses for the first quarter amounted to ¥7 million. - FY2022Litigation-related losses decreased, but the response to litigation continuesAnnual report
「The class-action litigation in the United States brought by direct and indirect purchasers has already reached a settlement agreement with the plaintiffs. However, depending on developments in the ongoing litigation involving other plaintiffs, the Group’s financial condition and operating results could be affected.」
The settlement status with the direct and indirect purchasers was reconfirmed, and litigation-related losses decreased from ¥51 million in the previous year to ¥20 million. Meanwhile, litigation involving other plaintiffs continues. - FY2022-Q3Litigation-related losses decreased, but the response to litigation continuesAnnual report
「These were expenses incurred in responding to class-action litigation and other proceedings in the United States concerning the Group’s film capacitor transactions, with the breakdown as follows.」
The response to the U.S. class-action litigation and other proceedings continues, and litigation-related losses decreased from ¥36 million in the same period of the previous year to ¥20 million. No resolution of the litigation risk or new legal developments was disclosed. - FY2022-Q1RestatedAnnual report
「In addition, litigation-related losses, including legal fees and other expenses incurred in responding to class-action litigation in the United States concerning film capacitor transactions, and business restructuring losses associated with the withdrawal from the agricultural business, were recognized as extraordinary losses.」
The response to the U.S. class-action litigation continued, and litigation-related losses amounted to ¥11 million. This was down from ¥20 million in the same period of the previous year, but no resolution of the litigation risk or new legal developments was disclosed. - FY2021MitigatedAnnual report
「The class-action litigation brought by direct and indirect purchasers has already reached a settlement agreement with the plaintiffs. However, depending on developments in the ongoing litigation involving other plaintiffs, the Group’s financial condition and operating results could be affected.」
The settlement agreement in the class-action litigation brought by direct and indirect purchasers was explicitly disclosed, reducing part of the litigation risk. Meanwhile, litigation involving other plaintiffs continues, and litigation-related losses for the current fiscal year amounted to ¥51 million. - FY2021-Q2RestatedAnnual report
「In addition, litigation-related losses, including legal fees incurred in responding to class-action litigation in the United States concerning film capacitor transactions, decreased from the same period of the previous year as part of extraordinary losses.」
The response to the U.S. class-action litigation and other proceedings continues, and litigation-related losses for the six months ended the second quarter amounted to ¥27 million. Although expenses decreased from the same period of the previous year, no resolution of the litigation risk or new legal developments was disclosed. - FY2020MitigatedAnnual report
「The class-action litigation brought by direct purchasers, which the Company considers a major case among the claims, reached a settlement agreement with the plaintiffs in March 2020. However, depending on developments in the ongoing class-action litigation and other proceedings involving other plaintiffs, the Group’s financial condition and operating results could be affected.」
The major direct-purchaser litigation reached a settlement agreement in March 2020, reducing part of the litigation risk. Meanwhile, class-action litigation and other proceedings involving other plaintiffs continued, and ¥651 million in litigation-related losses, including ¥320 million in settlement payments, was recognized. - FY2020-Q3WorsenedAnnual report
「The Company has received notice dated December 2019 from a U.S. court that a jury trial concerning class-action litigation brought by direct purchasers and others would begin in March 2020. The Group, a manufacturer of film capacitors, is responding to the litigation on the basis that it did not engage in the illegal conduct alleged by the plaintiffs, but the litigation could result in losses for the Group depending on how it develops.」
The Group received notice that the jury trial for the U.S. class-action litigation would begin in March 2020. The response to the litigation continues, and the possibility of future losses was explicitly disclosed. - FY2020-Q1RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥68 million in legal fees and other expenses was recognized as an extraordinary loss in the first quarter. No new legal developments were disclosed. - FY2019-Q3RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥104 million in legal fees and other expenses was recognized as an extraordinary loss during the nine months ended the third quarter. No new legal developments were disclosed. - FY2019-Q2RestatedAnnual report
「In addition, legal fees and other expenses incurred in responding to class-action litigation in the United States concerning film capacitor transactions, as well as impairment losses, were recognized as extraordinary losses, resulting in a quarterly net loss attributable to owners of the parent of ¥147 million.」
The response to the U.S. class-action litigation continued, and ¥69 million in legal fees and other expenses was recognized as an extraordinary loss. No new legal developments were disclosed. - FY2019-Q1RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥18 million in legal fees and other expenses was recognized as an extraordinary loss in the first quarter. No new legal developments were disclosed. - FY2018-Q3RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥173 million in legal fees and other expenses was recognized as an extraordinary loss during the nine months ended the third quarter. Litigation risk remains, but no new legal developments were disclosed. - FY2018-Q2RestatedAnnual report
「In addition, legal fees and other expenses incurred in responding to class-action litigation in the United States concerning film capacitor transactions were recognized as an extraordinary loss, resulting in quarterly net income attributable to owners of the parent of ¥125 million, compared with a loss of ¥4 million in the same period of the previous year.」
The response to the U.S. class-action litigation continued, and ¥139 million in legal fees and other expenses was recognized as an extraordinary loss during the six months ended the second quarter. - FY2018-Q1RestatedAnnual report
「In addition, legal fees and other expenses incurred in responding to class-action litigation in the United States concerning film capacitor transactions were recognized as an extraordinary loss, resulting in quarterly net income attributable to owners of the parent of ¥82 million, compared with a loss of ¥154 million in the same period of the previous year.」
The response to the U.S. class-action litigation continued, and ¥81 million in legal fees and other expenses was recognized as an extraordinary loss in the first quarter. - FY2017RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥272 million in legal fees and other expenses was recognized as an extraordinary loss. No mention was made of the competition law regulators’ investigation in the previous fiscal year, with the current fiscal year focused primarily on the class-action litigation. - FY2017-Q3RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥215 million in legal fees and other expenses was recognized as an extraordinary loss during the nine months ended the third quarter. - FY2017-Q2RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the class-action litigation in the United States continued, and legal fees and other expenses were recognized during the six months ended the second quarter of the current fiscal year. - FY2017-Q1RestatedAnnual report
「These were legal fees and other expenses incurred in responding to class-action litigation in the United States concerning the Group’s film capacitor transactions.」
The response to the U.S. class-action litigation continued, and ¥54 million in legal fees and other expenses was recognized as an extraordinary loss during the quarter. - FY2016First statedAnnual report
「In addition, because the Group recognized extraordinary losses for legal fees and other expenses incurred in responding to investigations by U.S. competition law regulators and class-action litigation in the United States concerning the Group’s film capacitor transactions, net income attributable to owners of the parent was a loss of ¥299 million, compared with profit of ¥323 million in the previous consolidated fiscal year.」
An investigation by competition law regulators and class-action litigation in the United States arose, and ¥351 million in legal fees and other expenses was recognized as an extraordinary loss.