Litigation seeking rent reductions for leased properties
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2018.
2 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「2. Business and Other Risks」
The rent reduction litigation had been resolved by a judgment by the end of the previous fiscal year and is not listed as an individual business risk for the current fiscal year. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in business and other risks, including the previously resolved rent reduction litigation. - FY2017Cited as achievedAnnual report
「Litigation-related loss 7,556」
The consolidated income statement for the fiscal year includes a litigation-related loss of ¥7.556 million, confirming the recognition of a loss related to the past rent reduction litigation. - FY2017-Q3RestatedAnnual report
「株式会社ＬＩＸＩＬビバ had filed an action against the company on 24 September 2014 with the Saitama District Court seeking a reduction of the monthly rent for the land and buildings leased by the company, amounting to ¥2.457 million per month. The case was resolved by a judgment dated 4 October 2016, which reduced the monthly rent by ¥215 thousand.」
The company continues to disclose that the rent reduction litigation was resolved by a judgment dated 4 October 2016 and that a litigation-related loss of ¥7.556 million was recognized in connection with the judgment. - FY2017-Q2AchievedAnnual report
「株式会社ＬＩＸＩＬビバ had filed an action against the company on 24 September 2014 with the Saitama District Court seeking a reduction of the monthly rent for the land and buildings leased by the company, amounting to ¥2.457 million per month. The case was resolved by a judgment dated 4 October 2016, which reduced the monthly rent by ¥215 thousand.」
The rent reduction litigation was resolved by a judgment dated 4 October 2016. The company recognized a litigation-related loss of ¥7.556 million in connection with the judgment and states that the impact on operating results from the fiscal year ending March 2018 onward is minor. - FY2017-Q1RestatedAnnual report
「On 24 September 2014, 株式会社ＬＩＸＩＬビバ filed an action against the company with the Saitama District Court seeking a reduction of the monthly rent for the land and buildings leased by the company, amounting to ¥2.457 million per month. The case remains pending.」
The rent reduction litigation remains pending, and the company continues to explain that the amount of the claim and its impact on operating results are unknown. - FY2016MaterialisedAnnual report
「On 24 September 2014, 株式会社ＬＩＸＩＬビバ filed an action against the company with the Saitama District Court seeking a reduction of the monthly rent for the land and buildings leased by the company, amounting to ¥2.457 million per month. The case remains pending.」
The company has stated its view on the validity of the claim while stating that the impact on operating results is unknown at this time.