Damages lawsuit arising from the termination of a contract for the manufacture of production equipment
First written in FY2021-Q2. 5 of 7 entries say "Restated". Latest entry: FY2023.
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- FY2023AchievedAnnual report
「Our Company and 株式会社ビー・ビー・エー reached an agreement on the settlement proposal presented by the court in the litigation brought by 株式会社スズキ技研, and recorded settlement payment of ¥9 million as a litigation-related loss.」
The Company agreed to a settlement proposal in the litigation concerning the cancellation of the production-equipment manufacturing contract and recorded settlement payment of ¥9 million. quantified=true、materialized=true。 - FY2023-Q1RestatedAnnual report
「According to the complaint served, 株式会社スズキ技研 claims to have suffered damages as a result of the cancellation of the manufacturing contract and is seeking payment from the Companies of ¥97 million in damages, together with delay damages until payment is made.」
The Company continues to disclose litigation concerning the cancellation of the production-equipment manufacturing contract and the claim for ¥97 million plus delay damages. - FY2022RestatedAnnual report
「According to the complaint served, 株式会社スズキ技研 claims to have suffered damages as a result of the cancellation of the manufacturing contract and is seeking payment from the Companies of ¥97 million in damages, together with delay damages until payment is made.」
The Company continues to disclose litigation concerning the cancellation of the production-equipment manufacturing contract and the claim for ¥97 million plus delay damages. - FY2022-Q3RestatedAnnual report
「According to the complaint served, 株式会社スズキ技研 claims to have suffered damages as a result of the cancellation of the manufacturing contract and is seeking payment from the Companies of ¥97 million in damages, together with delay damages until payment is made.」
The Company continues to disclose litigation concerning the cancellation of the production-equipment manufacturing contract and the claim for ¥97 million plus delay damages. - FY2022-Q2RestatedAnnual report
「According to the complaint served, 株式会社スズキ技研 claims to have suffered damages as a result of the cancellation of the manufacturing contract and is seeking payment from the Companies of ¥97 million in damages, together with delay damages until payment is made.」
The Company continues to disclose litigation concerning the cancellation of the production-equipment manufacturing contract, and has not reflected the claim for ¥97 million plus delay damages in the quarterly consolidated financial statements. - FY2021-Q3RestatedAnnual report
「Our Company and 株式会社ビー・ビー・エー (the entity from which our Company ordered the purchase of the equipment; hereinafter, the two companies collectively, “the Companies”) were sued by 株式会社スズキ技研 in the Saitama District Court on 6 October 2020 in connection with the cancellation of a contract for the manufacture of production equipment that 株式会社ビー・ビー・エー had entered into with 株式会社スズキ技研 based on our Company's order.」
Litigation concerning the cancellation of the production-equipment manufacturing contract continues to be disclosed as a contingent liability. The claim is for ¥97 million plus delay damages, and remains unrecognized in the quarterly consolidated financial statements. - FY2021-Q2First statedAnnual report
「Our Company and 株式会社ビー・ビー・エー (the entity from which our Company ordered the purchase of the equipment; hereinafter, the two companies collectively, “the Companies”) were sued by 株式会社スズキ技研 in the Saitama District Court on 6 October 2020 in connection with the cancellation of a contract for the manufacture of production equipment that 株式会社ビー・ビー・エー had entered into with 株式会社スズキ技研 based on our Company's order. The complaint was served on our Company on 10 November 2020. According to the complaint served, 株式会社スズキ技研 claims to have suffered damages as a result of the cancellation of the manufacturing contract and is seeking payment from the Companies of ¥97 million in damages, together with delay damages until payment is made.」
The filing discloses as a subsequent event the initiation of litigation and service of the complaint seeking ¥97 million and delay damages in connection with the cancellation of the production-equipment manufacturing contract. The Company believes the claim has no basis and has not reflected it in the financial statements at this time.