Decision and Details
The Company's Board of DirectorsFiling of a lawsuit seeking damages and other relief against the former largest shareholder of a consolidated subsidiary
The Company incurred losses as a result of explanations and materials disclosed by the former largest shareholder that differed from the facts.
At present, the lawsuit is not expected to affect consolidated full-year results for the fiscal year ending August 2026.
| Item | Details |
|---|---|
| Matter Covered | Filing of a lawsuit seeking damages and other relief against the former largest shareholder of a consolidated subsidiary |
| Decision-Making Body | The Company's Board of Directors |
| Decision Date | 15 July 2026 |
| Implementation Date | 15 July 2026 (lawsuit filed) |
| Amount | Amount claimed: ¥459,190,982 plus delay damages; valuation of ゼロフィールド shares: ¥1,199 million |
| Quantity / scale | Acquisition of all issued shares of ゼロフィールド |
| Impact on Business Performance | At present, the lawsuit is not expected to affect consolidated full-year results for the fiscal year ending August 2026. |
| Reason | The Company incurred losses as a result of explanations and materials disclosed by the former largest shareholder that differed from the facts. |
| Related previous disclosures | 27 July 2023: “Notice concerning the acquisition of shares in 株式会社ゼロフィールド and its conversion into a subsidiary”; 1 September 2023: “Notice concerning the completion of the change in a subsidiary (share acquisition) (progress on previously disclosed matters)” |
| Future plans | The other party may submit a counterargument or take other action. The Company will promptly disclose any matters that arise requiring disclosure. |
Items this document does not state (2)
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 former largest shareholder provided explanations and disclosed materials that differed from the facts regarding the saleability of ゼロフィールド's inventory and the collectibility of its accounts receivable. The Company incurred losses by acquiring the shares based on a valuation of their value that relied on those explanations and materials.