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Statutory disclosure document4047KANTO DENKA KOGYO CO.,LTD.Materials and Chemicals

Notice Regarding a Shareholder Derivative Action

One individual shareholder filed a shareholder derivative action against 9 of the Company's directors and other officers, seeking damages payable to the Company on the grounds of breaches of their duty of care in connection with the Shibukawa Plant fire accident.

Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
1030000000
Yen (amount claimed as damages)
Wording
Conditional
How definitive the wording is.

Decision and Details

Shareholder derivative action

Decision23 July 2026 (date the litigation notice was received) / The filing date is stated in the litigation notice dated 9 June 2026.
Implementation23 July 2026 (litigation notice received; actual date)
Going forwardThe Company plans to issue an electronic public notice without delay. If any matter requiring disclosure arises in the future, the Company will promptly disclose it.
AmountDamages of ¥1.03 billion plus delayed damages thereon
Quantity / scalePlaintiff: 1 individual shareholder; defendants: a total of 9 people, comprising 8 of the Company's directors and 1 former director; case number: 令和8年(ワ)第170234号
Reason

To pursue the liability of the Company's directors and other officers for breaches of their duty of care in connection with the Shibukawa Plant fire accident that occurred on 7 August 2025.

Impact on Business Performance

The Company has determined that this will not affect its financial results. However, if any matter requiring disclosure arises in the future, the Company will disclose it promptly.

Decision and Details
ItemDetails
Matter CoveredShareholder derivative action
Decision Date23 July 2026 (date the litigation notice was received) / The filing date is stated in the litigation notice dated 9 June 2026.
Implementation Date23 July 2026 (litigation notice received; actual date)
AmountDamages of ¥1.03 billion plus delayed damages thereon
Quantity / scalePlaintiff: 1 individual shareholder; defendants: a total of 9 people, comprising 8 of the Company's directors and 1 former director; case number: 令和8年(ワ)第170234号
Impact on Business PerformanceThe Company has determined that this will not affect its financial results. However, if any matter requiring disclosure arises in the future, the Company will disclose it promptly.
ReasonTo pursue the liability of the Company's directors and other officers for breaches of their duty of care in connection with the Shibukawa Plant fire accident that occurred on 7 August 2025.
Governing RuleCompanies Act, Article 849, paragraph 5
Future plansThe Company plans to issue an electronic public notice without delay. If any matter requiring disclosure arises in the future, the Company will promptly disclose it.
Items this document does not state (3)
Decision-Making BodyPeriod CoveredRelated previous disclosures

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.

To seek damages on the grounds that the Company's directors and other officers are liable for breaches of their duty of care in connection with the Shibukawa Plant fire accident that occurred on 7 August 2025.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding a Shareholder Derivative Action | KANTO DENKA KOGYO CO.,LTD. (4047) timely disclosure | Komori