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Tenda (4198) · RiskNew lawsuit seeking payment under a contract for work is pending

Lawsuit Seeking Payment from Development Contractor

First written in FY2021. 3 of 6 entries say "Restated". Latest entry: FY2024.

6entries
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ProgressHeldSoftenedWorseMaterialisedFY2021RestatedFY2022-Q3 – FY20242021: 120212022: 320222023: 120232024: 12024
Same theme, other companies

The whole theme swung hardest in 2024: 3 of 25 companies on the "Worse" side.

2 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 72 companies compared. The sentences above are computed from all 72.
Full recordFilings, disclosures and news, newest first
  1. FY2024New lawsuit seeking payment under a contract for work is pendingAnnual report

    「三友テクノロジー株式会社, a subsidiary of the Company, is involved in two pending lawsuits with 株式会社KPIソリューションズ concerning an e-commerce development project: a lawsuit seeking payment under a contract (principal action) and an action for declaratory judgment of non-existence of debt (counterclaim).」

    Two new lawsuits concerning an e-commerce development project, with 三友テクノロジー株式会社 as a party, are now disclosed instead of the previous lawsuit against 株式会社Verve.
  2. FY2023-Q3RestatedAnnual report

    「No applicable matters were identified for the third quarter of the current consolidated fiscal year (28 February 2023).」

    The contingent liabilities section at the end of the third quarter states that there were no applicable matters regarding the lawsuit against 株式会社Verve. Meanwhile, the quarterly income statement includes a ¥6.8 million litigation-related loss.
  3. FY2023-Q1Disappearance of contingent liability disclosure and recognition of litigation-related lossAnnual report

    「No applicable matters were identified for the first quarter of the current consolidated fiscal year (31 August 2022).」

    The contingent liabilities section for the current quarter states that there were no applicable matters regarding the lawsuit against 株式会社Verve for payment of consideration, which was disclosed in the previous consolidated fiscal year. Meanwhile, the quarterly income statement includes a ¥6.8 million litigation-related loss, although the outcome of the lawsuit itself cannot be determined from the text.
  4. FY2022RestatedAnnual report

    「The Company refused to accept and pay for software whose development it had outsourced to 株式会社Verve, primarily because of development delays and operational defects. As a result, 株式会社Verve has filed a lawsuit seeking payment of ¥29.937 million.」

    The Company has reiterated that the lawsuit filed by 株式会社Verve seeking payment of ¥29.937 million remains pending.
  5. FY2022-Q3RestatedAnnual report

    「The Company refused to accept and pay for software whose development it had outsourced to 株式会社Verve, primarily because of development delays and operational defects. As a result, 株式会社Verve has filed a lawsuit seeking payment of ¥29.937 million.」

    The Company has reiterated that the lawsuit filed by 株式会社Verve seeking payment of ¥29.937 million remains pending.
  6. FY2021MaterialisedAnnual report

    「The Company refused to accept and pay for software whose development it had outsourced to 株式会社Verve, primarily because of development delays and operational defects. As a result, 株式会社Verve has filed a lawsuit seeking payment of ¥29.937 million.」

    A lawsuit concerning development delays and operational defects has already been filed, and the claim amount is stated as ¥29.937 million.
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Lawsuit Seeking Payment from Development Contractor | TENDA Co.,LTD. (4198) | Komori