Litigation and Claims Relating to Services
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: FY2020.
Prestige International moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 12 of 70 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「At present, no lawsuits or claims have arisen in the principal operations in which our group is involved.」
It states that no lawsuits or claims have arisen in the principal operations following the claim for damages and settlement relating to the packaged software project in a previous fiscal year. - FY2019MitigatedAnnual report
「The provision for damages was reversed in connection with the payment of the settlement amount.」
In connection with the claim for damages relating to the packaged software project disclosed in the previous fiscal year, the ¥50 million provision for damages was reversed upon payment of the settlement amount, reducing the provision balance to zero. - FY2018MaterialisedAnnual report
「Provision for damages: ¥50 million」
A ¥50 million provision for damages has been recognized in relation to the claim for damages concerning the packaged software project's non-performance of contract. - FY2018-Q3RestatedAnnual report
「In the agency sale and customized development of packaged software undertaken by our company, we have received a claim for damages from a customer company on the grounds of non-performance of contract.」
It continues to disclose the claim for damages from a customer company relating to the packaged software project and the possibility of an impact on consolidated results. - FY2018-Q2MaterialisedAnnual report
「In the agency sale and customized development of packaged software undertaken by our company, we have received a claim for damages from a customer company on the grounds of non-performance of contract. We have subcontracted the customized development of the packaged software to the company that developed and sells the packaged software, which is effectively responsible for the development. We are jointly investigating with the subcontractor the reasons cited by the customer company for the alleged non-performance of contract. Depending on the outcome and discussions with the customer company, our consolidated results may be affected, but at present it is difficult to reasonably estimate the amount of the impact.」
Although it had previously stated that no lawsuits or claims had arisen in its principal operations, it received a claim for damages from a customer company in a packaged software project. - FY2017RestatedAnnual report
「At present, no lawsuits or claims have arisen in the principal operations in which our group is involved. However, if lawsuits, claims or other matters relating to services provided by our group arise in future planned business activities, they could affect our group's business activities, financial position and results of operations.」
While stating that there are currently no lawsuits or claims, it reiterates the risk of an impact if they arise in the future. - FY2016First statedAnnual report
「At present, no lawsuits or claims have arisen in the principal operations in which our group is involved. However, if lawsuits, claims or other matters relating to services provided by our group arise in future planned business activities, they could affect our group's business activities, financial position and results of operations.」
While stating that no lawsuits or claims have arisen in the principal operations at present, it identifies the potential impact on results if they arise in the future as a risk.