Settlement of Litigation Against a Subsidiary and Recognition of an Extraordinary Loss
Kuriyama Japan Co., Ltd. (a consolidated subsidiary of the filing company)
Related procedures
Settlement of a damages claim lawsuit
Court in the Italian Republic
MONTURA S.R.L.
Kuriyama Japan Co., Ltd.
¥213,896,075 (settlement amount, scheduled to be recognized as an extraordinary loss in the second quarter of the fiscal year ending December 2026)
Second quarter of the fiscal year ending December 2026
The full-year consolidated earnings forecast for the fiscal year ending December 2026 is currently under review. The Company will disclose the matter promptly if any fact requiring disclosure arises.
Kuriyama Japan will pay MONTURA S.R.L. a settlement amount of EUR 1,156,195.00 (¥213,896,075, converted at ¥185 per euro). The settlement amount is scheduled to be recognized as an extraordinary loss in the financial results for the second quarter of the fiscal year ending December 2026. The full-year consolidated earnings forecast is currently under review.
The Company will disclose the matter promptly if any fact requiring disclosure arises.
| Item | Details |
|---|---|
| Event name | Settlement of Litigation Against a Subsidiary and Recognition of an Extraordinary Loss |
| Date of occurrence | 20 January 2025 (date MONTURA S.R.L. filed the lawsuit), 20 June 2025 (date the complaint was served) |
| Date recognized / date notice received | 20 June 2025 (date the complaint in this lawsuit was served) |
| Subject Entity | Kuriyama Japan Co., Ltd. (a consolidated subsidiary of the filing company) |
| Amount of Impact on Business Performance | ¥213,896,075 (settlement amount, scheduled to be recognized as an extraordinary loss in the second quarter of the fiscal year ending December 2026) |
| Accounting period in which recognized | Second quarter of the fiscal year ending December 2026 |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast for the fiscal year ending December 2026 is currently under review. The Company will disclose the matter promptly if any fact requiring disclosure arises. |
| Type of litigation or proceeding | Settlement of a damages claim lawsuit |
| Court or authority | Court in the Italian Republic |
| Plaintiff | MONTURA S.R.L. |
| Defendant | Kuriyama Japan Co., Ltd. |
| Date of filing / date of action | 20 January 2025 (date of filing) |
| Outlook | Kuriyama Japan will pay MONTURA S.R.L. a settlement amount of EUR 1,156,195.00 (¥213,896,075, converted at ¥185 per euro). The settlement amount is scheduled to be recognized as an extraordinary loss in the financial results for the second quarter of the fiscal year ending December 2026. The full-year consolidated earnings forecast is currently under review. |
| Planned follow-up disclosure | The Company will disclose the matter promptly if any fact requiring disclosure arises. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Following settlement discussions conducted with the involvement of a court in the Italian Republic, the parties decided to settle the matter. The specific issues in dispute and the reasons for the settlement have not been disclosed due to confidentiality obligations.