Decision and Details
Filing of lawsuit
The project was repeatedly postponed, making its completion outlook uncertain; the Company had not received the sales proceeds and other amounts for Project No. 1; and the project details for Project No. 2 did not comply with the ordinances of the development site, making the project impossible to realize.
The impact of filing this lawsuit on the Company's results is unknown at this time.
| Item | Details |
|---|---|
| Matter Covered | Filing of lawsuit |
| Decision Date | 14 August 2026 (date the lawsuit was filed) |
| Implementation Date | 14 August 2026 (lawsuit filed) |
| Amount | Total claims: ¥790.21 million |
| Impact on Business Performance | The impact of filing this lawsuit on the Company's results is unknown at this time. |
| Reason | The project was repeatedly postponed, making its completion outlook uncertain; the Company had not received the sales proceeds and other amounts for Project No. 1; and the project details for Project No. 2 did not comply with the ordinances of the development site, making the project impossible to realize. |
| Related previous disclosures | Notice Regarding the Recording of an Extraordinary Loss dated 23 January 2026 |
| Future plans | The Company will promptly disclose any matters requiring disclosure, including developments in the lawsuit. |
Items this document does not state (4)
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 project was repeatedly postponed, making its completion outlook uncertain; the Company had not received the sales proceeds and other amounts for the buildings; and the development project was impossible to realize because it did not comply with the ordinances of the development site.