Damages claims related to competition law
First written in FY2016. 17 of 30 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「Following discussions with the insurer and its broker regarding insurance coverage for the power outage, an agreement was reached to receive an additional US$6 million.」
Following the additional insurance agreement concerning the power outage at the Laurinburg plant, a ¥1.028 billion gain from litigation resolution was recognized. - FY2024-Q3Cumulative update of gains from resolving power outage insurance claimsAnnual report
「Following discussions with the insurer and its broker regarding insurance coverage for the power outage, an agreement was reached to receive an additional US$6 million.」
Following the additional insurance agreement concerning the power outage at the Laurinburg plant, gains from litigation resolution amounted to ¥985 million through the third quarter cumulative period. - FY2024-Q2MitigatedAnnual report
「The gain from the resolution of litigation during the second quarter ended period arose mainly in connection with an additional agreement reached with the insurer and its broker regarding equipment downtime caused by a power outage at the Group's Laurinburg plant in North Carolina, United States, during the first quarter of the fiscal year ended March 2020. Following discussions with the insurer and its broker regarding insurance coverage for the power outage, an agreement was reached to receive an additional US$6 million.」
An additional agreement was reached regarding insurance coverage for the power outage at the Laurinburg plant, and a ¥967 million gain from litigation resolution was recognized. - FY2024-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, ¥22 million in litigation resolution costs was recognized in the first quarter. - FY2023Annual update of gains from litigation resolutionAnnual report
「The gain from the resolution of litigation during the consolidated fiscal year arose mainly in connection with an additional agreement reached with the insurer and its broker regarding damage to the Group's Ottawa plant caused by a tornado that occurred in Illinois, United States, on 28 February 2017 (local time).」
Gains from litigation resolution under the additional agreement concerning the tornado damage at the Ottawa plant were updated to ¥2.943 billion for the full fiscal year. - FY2023-Q3Cumulative update of gains from litigation resolutionAnnual report
「The gain from the resolution of litigation during the third quarter ended period arose mainly in connection with an additional agreement reached with the insurer and its broker regarding damage to the Group's Ottawa plant caused by a tornado that occurred in Illinois, United States, on 28 February 2017 (local time). Following discussions with the insurer and its broker regarding insurance coverage for the tornado, an agreement was reached to receive an additional US$20 million.」
Gains from litigation resolution under the additional agreement concerning the tornado damage at the Ottawa plant were updated to ¥2.839 billion through the third quarter cumulative period. - FY2023-Q2MitigatedAnnual report
「The gain from the resolution of litigation during the second quarter ended period arose mainly in connection with an additional agreement reached with the insurer and its broker regarding damage to the Group's Ottawa plant caused by a tornado that occurred in Illinois, United States, on 28 February 2017 (local time).」
Cumulative gains from litigation resolution of ¥2.823 billion were recognized under the additional agreement concerning the tornado damage at the Ottawa plant, while costs to resolve lawsuits stemming from past transactions amounted to ¥108 million. - FY2023-Q1MitigatedAnnual report
「Following discussions with the insurer and its broker regarding insurance coverage for the tornado, an agreement was reached to receive an additional US$20 million.」
Following further discussions with the insurer and others regarding the 2017 tornado damage at the Ottawa plant, a ¥2.633 billion gain from litigation resolution was recognized after an agreement was reached to receive an additional US$20 million. - FY2022Annual update of litigation resolution costsAnnual report
「The costs related to the resolution of litigation during the current and previous consolidated fiscal years arose from lawsuits stemming from past transactions.」
Litigation resolution costs related to lawsuits stemming from past transactions were updated to ¥617 million for the current fiscal year and ¥425 million for the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「Costs related to the resolution of litigation △320 △324」
For lawsuits stemming from past transactions, litigation resolution costs for the third quarter cumulative period amounted to ¥320 million. - FY2022-Q2MaterialisedAnnual report
「Costs related to the resolution of litigation △204 △215」
For lawsuits stemming from past transactions, litigation resolution costs for the second quarter cumulative period amounted to ¥204 million. - FY2022-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, ¥132 million in litigation resolution costs was recognized in the first quarter. - FY2021-Q3Recognition of gains from litigation resolutionAnnual report
「The gain from the resolution of litigation during the third quarter ended period arose from the outcome of an objection filed by the Group's Brazilian subsidiary concerning the method used to calculate taxes based on the sales tax base paid in previous fiscal years.」
As a result of the outcome of an objection concerning the calculation of taxes for previous fiscal years by the Brazilian subsidiary, a ¥3.423 billion gain from litigation resolution was recognized. Meanwhile, ¥324 million in costs to resolve lawsuits stemming from past transactions was also recognized. - FY2021-Q2MaterialisedAnnual report
「The costs related to the resolution of litigation during the second quarter ended period of the current fiscal year arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, ¥215 million in litigation resolution costs was recognized through the second quarter cumulative period. - FY2021-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
¥109 million in costs to resolve litigation arose in connection with lawsuits stemming from past transactions. - FY2020MaterialisedAnnual report
「The costs from the resolution of litigation during the current and previous consolidated fiscal years, and the gain from the resolution of litigation during the previous consolidated fiscal year, arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, ¥158 million in litigation resolution costs was recognized in the current fiscal year as well. - FY2020-Q3MaterialisedAnnual report
「The costs related to the resolution of litigation during the third quarter ended period of the current fiscal year, and the gain from the resolution of litigation during the third quarter ended period of the previous fiscal year, arose from lawsuits stemming from past transactions.」
¥211 million in costs to resolve litigation stemming from past transactions arose through the third quarter cumulative period. - FY2020-Q2MaterialisedAnnual report
「The costs related to the resolution of litigation during the second quarter ended period of the current fiscal year, and the gain from the resolution of litigation during the second quarter ended period of the previous fiscal year, arose from lawsuits stemming from past transactions.」
¥230 million in litigation resolution costs related to lawsuits stemming from past transactions arose through the second quarter cumulative period. - FY2020-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
¥116 million in costs to resolve litigation arose in connection with lawsuits stemming from past transactions. - FY2019MaterialisedAnnual report
「The gains from the resolution of litigation and the costs related to the resolution of litigation during the consolidated fiscal year (the fiscal year ended March 2019) and the previous consolidated fiscal year (the fiscal year ended March 2018) arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, a gain of ¥271 million and costs of ¥194 million from resolution were recognized. - FY2019-Q3MaterialisedAnnual report
「The gains from the resolution of litigation and the costs related to the resolution of litigation during the third quarter ended periods of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
For lawsuits stemming from past transactions, a gain of ¥256 million and costs of ¥168 million from resolution were recognized through the third quarter cumulative period. - FY2019-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose from lawsuits stemming from past transactions.」
¥67 million in costs to resolve litigation arose in connection with lawsuits stemming from past transactions. - FY2018-Q3RestatedAnnual report
「The gains from the resolution of litigation and the costs related to the resolution of litigation during the third quarter ended periods of the current and previous fiscal years arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law, as well as other litigation matters.」
For damages claims and other matters related to European competition law, a gain of ¥190 million and costs of ¥58 million from resolution were recognized through the third quarter cumulative period. - FY2018-Q2MaterialisedAnnual report
「The gain from the resolution of litigation during the second quarter ended period, and the costs related to the resolution of litigation during the second quarter ended periods of the current and previous fiscal years, arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law, as well as other litigation matters.」
Gains and costs from resolving litigation related to damages claims and other matters associated with European competition law also arose in the first half. - FY2018-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law.」
Costs to resolve litigation related to damages claims associated with European competition law also arose in the first quarter. - FY2017MitigatedAnnual report
「The gain from the resolution of litigation during the consolidated fiscal year arose from the reversal of part of the provision recognized through individually disclosed items in the previous fiscal year and earlier.」
A ¥772 million gain from resolution was recognized for litigation related to European competition law, due to the reversal of part of the provision. - FY2017-Q3MitigatedAnnual report
「The gain from the resolution of litigation during the third quarter ended period arose from the reversal of part of the provision recognized through individually disclosed items in the previous fiscal year and earlier.」
For litigation related to European competition law, a cumulative gain of ¥772 million from resolution was recognized through the reversal of part of the provision. At the same time, ¥658 million in resolution costs was also recognized. - FY2017-Q2MaterialisedAnnual report
「Costs related to the resolution of litigation during the second quarter ended period of the current and previous fiscal years arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law.」
¥212 million in litigation resolution costs associated with damages claims related to European competition law also arose in the first half. - FY2017-Q1MaterialisedAnnual report
「Costs related to the resolution of litigation during the first quarter ended period of the current and previous fiscal years arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law.」
Costs associated with damages claims from customers related to European competition law also arose during the current quarter. - FY2016First statedAnnual report
「These costs arose in connection with damages claims brought by several customers, which are automakers, following the European Commission's announcement of its decision to impose a fine on the Group for suspected violations of European competition law.」
The competition-law fine decision and damages claims from customers have already arisen, and provisions and expenses have been recognized.