Impact of Significant Litigation on Business Performance
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2023.
106 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The operating status of each division and the management status of overseas subsidiaries are reported on an ongoing basis at monthly management meetings, where important management issues are deliberated. We have also entered into advisory agreements with multiple specialists and established a system for confirming the appropriate legal response.」
The response to litigation risks through monthly management meetings and advisory agreements with specialists has been reaffirmed. - FY2021MitigatedAnnual report
「The operating status of each division and the management status of overseas subsidiaries are reported on an ongoing basis at monthly management meetings, where important management issues are deliberated. We have also entered into advisory agreements with multiple specialists and established a system for confirming the appropriate legal response.」
Monthly management meeting reports and deliberations, together with advisory agreements with multiple specialists, are specified as countermeasures against the risk of material litigation. - FY2019RestatedAnnual report
「Although we are not currently subject to litigation or other proceedings that would have a material impact on the management of the Group, if material litigation arises in the future and an unfavorable judgment is rendered against the Group, it may affect the Group's performance and other matters.」
While stating that there is currently no material litigation, the risk of material litigation in the future has been reiterated. - FY2018First statedAnnual report
「If material litigation arises in the future and an unfavorable judgment is rendered against the Group, it may affect the Group's performance and other matters.」
The occurrence of material litigation and its impact on business performance in the event of an unfavorable judgment have been newly identified as risks.