Armed Robbery at Sipcam Nichino Brasil and Damages Lawsuit
First written in FY2024-Q2. 3 of 8 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「After comprehensively considering the terms of the settlement, the company determined that resolving the matter through a settlement was reasonable, and at its board meeting on 31 December 2025 decided that SNB would enter into a settlement agreement with FMC. The settlement fully concluded the litigation.」
FMC’s lawsuit concerning the robbery at SNB was resolved through a settlement, and the company recognized settlement costs of ¥1,072 million as an extraordinary loss in the current fiscal year. - FY2026-H1RestatedAnnual report
「On 10 October 2023, our consolidated subsidiary Sipcam Nichino Brasil S.A. was sued for damages of 45 million reais in connection with an incident in which products entrusted to it by FMC QUÍMICA DO BRASIL LTDA. for packaging were taken in a heavily armed robbery. On 14 May 2025, a judgment was handed down ordering payment of 45 million reais, plus interest thereon and litigation costs.」
The company has reaffirmed the lawsuit seeking damages of 45 million reais in connection with the robbery at SNB and the judgment ordering payment of 45 million reais and other amounts. The company has appealed. - FY2025MaterialisedAnnual report
「On 14 May 2025, a judgment was handed down ordering payment of 45 million reais, plus interest thereon and litigation costs.」
In FMC’s lawsuit seeking damages in connection with the robbery at Sipcam Nichino Brasil, a judgment was handed down ordering payment of 45 million reais and other amounts, and the company has indicated that it plans to appeal. - FY2025-H1RestatedAnnual report
「Our consolidated subsidiary Sipcam Nichino Brasil S.A. (hereinafter, “SNB”) was sued for damages on 10 October 2023 as described below and was served with the complaint on 20 October 2023. 1. Overview of the litigation A heavily armed robbery occurred at our consolidated subsidiary SNB on 26 July 2023, and products that had been entrusted to SNB by FMC QUÍMICA DO BRASIL LTDA. (hereinafter, “FMC”) for packaging were taken. In response, FMC filed a lawsuit seeking damages on 10 October 2023. 3. Amount claimed in damages (excluding late-payment damages) 45 million reais」
The company has reaffirmed its explanation of the robbery at SNB, FMC’s lawsuit seeking damages of 45 million reais, its subsequent defense policy, and the difficulty of reasonably estimating the amount of any impact. - FY2024-Q3RestatedAnnual report
「At our consolidated subsidiary Sipcam Nichino Brasil S.A., a heavily armed robbery occurred on 26 July 2023, and products that had been entrusted to the company by FMC QUÍMICA DO BRASIL LTDA. (hereinafter, “FMC”) for packaging were taken. In response, FMC filed a lawsuit seeking damages on 10 October 2023.」
The company explains that it has newly added the SNB robbery and FMC’s lawsuit seeking damages to its business and other risks. It plans to defend itself based on the opinion of external legal experts, but states that it is difficult to reasonably estimate whether damages will be payable or the amount of any impact. - FY2024-Q2First statedAnnual report
「On 26 July 2023, an armed robbery involving heavily armed perpetrators occurred at our consolidated subsidiary Sipcam Nichino Brasil S.A. (hereinafter, “SNB”), and products that SNB had received from FMC QUÍMICA DO BRASIL LTDA. (hereinafter, “FMC”) for packaging were taken. In response, FMC filed a damages lawsuit on 10 October 2023.」
A heavily armed robbery and the removal of products occurred at SNB, and FMC filed a lawsuit seeking damages of 45 million reais. The company plans to defend itself based on the opinion of external legal experts that the incident constitutes force majeure, but states that the case could affect its financial position and operating results depending on how the litigation progresses, and that it is currently difficult to reasonably estimate whether damages will be payable or the amount of any impact.