Lawsuit Seeking Vacant Possession of Shodoshima Land and Buildings and the Return of the Ferry Route Business
First written in FY2023-Q3. 1 of 3 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024-Q3.
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- FY2024-Q3AchievedAnnual report
「Regarding this litigation, we had asserted the Company's legitimate position through the courts. However, following a settlement recommendation from the court, we reached a settlement dated 12 June 2024 with a view to resolving the litigation at an early stage.」
A settlement was reached on 12 June 2024 in the lawsuit seeking the surrender of land and buildings on Shodoshima, bringing the court proceedings to an end. - FY2024-Q1RestatedAnnual report
「We will make timely disclosures as necessary regarding future developments in this action. If any matters arise that should be announced concerning the impact of this action on consolidated results for the fiscal year ended August 2024, we will promptly disclose them.」
The Company continues to disclose, as necessary, future developments in the lawsuit seeking the surrender of land and buildings on Shodoshima and its impact on consolidated results for the fiscal year ended August 2024. - FY2023-Q3MaterialisedAnnual report
「With respect to the 27 parcels of land owned by the Company in Aza Yashima, Tonosho Town, Shozu District, Kagawa Prefecture, totaling 125,254.58㎡ (the “Land”), negotiations were conducted with the defendant, Kobe YMCA, a public interest incorporated foundation, seeking the Land’s surrender upon expiration of the lease term under the land lease agreement. As the negotiations failed, the Company filed this action seeking surrender of the Land and the buildings thereon (the “Buildings”), registration of the transfer of ownership of the Buildings, payment of an amount equivalent to rent through surrender of the Land, and the return of the passenger non-scheduled route business between Tonosho Ginpaura and Yashima and the Ikeda Bay sightseeing cruise business.」
Axas filed a lawsuit with the Takamatsu District Court against Kobe YMCA, a public interest incorporated foundation, seeking the surrender of the land and buildings after expiration of the lease term, registration of the transfer of ownership, payment of an amount equivalent to rent, and the return of the route businesses. The land comprises 27 parcels totaling 125,254.58㎡.