Recourse Risk for a Consolidated Subsidiary Arising from Patent Infringement Litigation
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2021-Q3.
156 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「A customer selling products manufactured by one of the group’s consolidated subsidiaries has been sued by a third party for patent infringement involving those products, with the lawsuit currently pending and the claim amounting to ¥400 million. The consolidated subsidiary may be subject to a recourse claim. The impact on the group’s operating results is currently unknown.」
The company continues to disclose that a ¥400 million patent infringement lawsuit is pending, that the consolidated subsidiary may be subject to a recourse claim, and that the impact on operating results is unknown. - FY2021-Q1RestatedAnnual report
「A customer selling products manufactured by one of the group’s consolidated subsidiaries has been sued by a third party for patent infringement involving those products, with the lawsuit currently pending and the claim amounting to ¥400 million. The consolidated subsidiary may be subject to a recourse claim. The impact on the group’s operating results is currently unknown.」
The company continues to disclose that the patent infringement lawsuit remains pending and that the consolidated subsidiary may be subject to a recourse claim, including the ¥400 million claim amount. - FY2020MaterialisedAnnual report
「A customer selling products manufactured by one of the group’s consolidated subsidiaries has been sued by a third party for patent infringement involving those products, with the lawsuit currently pending and the claim amounting to ¥400 million. The consolidated subsidiary may be subject to a recourse claim.」
A patent infringement lawsuit involving products of a consolidated subsidiary is pending, and the ¥400 million claim amount and the possibility of a recourse claim were disclosed as a contingent liability.