Appellate Judgment Involving a Consolidated Subsidiary
Smartcon inc. (a consolidated subsidiary of the filing company)
Tortious conduct involving the conversion of funds based on fraudulent transactions
Related procedures
Appellate judgment in a damages claim
Seoul High Court
Smartcon inc.
Park Myeong-ok (パク・ミョンオク)
Payment order for KRW147 million (approximately ¥16 million). However, the receivable related to this matter has already been fully recognized as a loss.
The impact on results is expected to be immaterial.
The Company plans to discuss its response to the judgment with its attorneys and take steps to recover the receivable. The Company will promptly disclose any matters that should be made public.
If any matter requiring disclosure arises, the Company will disclose it promptly.
| Item | Details |
|---|---|
| Event name | Appellate Judgment Involving a Consolidated Subsidiary |
| Date of occurrence | 21 May 2026 (date judgment was handed down) |
| Date recognized / date notice received | 22 May 2026 (date the original judgment was received) |
| Subject Entity | Smartcon inc. (a consolidated subsidiary of the filing company) |
| Cause | Tortious conduct involving the conversion of funds based on fraudulent transactions |
| Amount of Impact on Business Performance | Payment order for KRW147 million (approximately ¥16 million). However, the receivable related to this matter has already been fully recognized as a loss. |
| Impact on Earnings Forecast | The impact on results is expected to be immaterial. |
| Type of litigation or proceeding | Appellate judgment in a damages claim |
| Court or authority | Seoul High Court |
| Plaintiff | Smartcon inc. |
| Defendant | Park Myeong-ok (パク・ミョンオク) |
| Date of filing / date of action | 21 May 2026 (date of judgment) |
| Outlook | The Company plans to discuss its response to the judgment with its attorneys and take steps to recover the receivable. The Company will promptly disclose any matters that should be made public. |
| Planned follow-up disclosure | If any matter requiring disclosure arises, the Company will disclose it promptly. |
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.The Seoul High Court's appellate judgment ordered the defendant to pay KRW147 million plus delay damages. The Company stated that the impact on its results would be immaterial because the receivable related to this matter has already been fully recognized as a loss.