Litigation and Damages Claim Concerning the Lapse of a Solar Power Generation Facility ID
First written in FY2018-Q1. 1 of 2 entries say "Dropped", first in FY2019. Latest entry: FY2019.
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- FY2019DroppedAnnual report
「In addition, 株式会社ビイケイエステート, which had been a wholly owned subsidiary during the consolidated fiscal year, was excluded from the scope of consolidation because all of its shares were transferred on 31 May 2019.」
The lawsuit concerning the invalidation of the facility ID for the solar power generation business disclosed in the previous fiscal year is not disclosed separately among the major risks for the current fiscal year. - FY2018-Q1First statedAnnual report
「After the end of the first-quarter consolidated accounting period, a subsidiary of the Company was served with a lawsuit. The plaintiff claimed that the transfer agreement concerning the facility ID should be rescinded because the certification by the Minister of Economy, Trade and Industry, which was a prerequisite for commencing the solar power generation business, became invalid after the facility ID was transferred from 合同会社ビイケイエナジー to the plaintiff. The plaintiff also claimed that the invalidation resulted from tortious acts by 株式会社ビイケイエステート and 合同会社ビイケイエナジー, and filed a lawsuit seeking payment of ¥242,520,118, representing the total cost of solar power generation equipment construction and other expenses allegedly incurred by the plaintiff in connection with the business.」
On 10 October 2017, the Company and its subsidiaries were sued in connection with the invalidation of the facility ID and were seeking payment of ¥242,520,118 from the plaintiff. The Company stated that it considered the plaintiff's claims to be without merit.