Lawsuit Seeking Payment of System Development Contract Fees and Separate Lawsuit Seeking Damages
First written in FY2023-Q3. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「A court settlement was reached in this matter on 28 September 2023.」
The company continues to disclose that the dispute concerning the claim for payment of contract fees and the separate damages claim was resolved through a court settlement. - FY2024-Q3RestatedAnnual report
「A court settlement was reached in this matter on 28 September 2023.」
The company continues to disclose that the dispute concerning the claim for payment of contract fees and the separate damages claim was resolved through a court settlement reached on 28 September 2023. - FY2024-Q2MitigatedAnnual report
「A court settlement was reached in this matter on 28 September 2023.」
The litigation concerning the claim for payment of contract fees and the separate damages claim was settled in court on 28 September 2023, resolving the dispute. - FY2024-Q1RestatedAnnual report
「The company is currently involved in litigation concerning a claim for payment of contract fees and a separate damages claim.」
The company’s claim for ¥7.776 million in contract fees and the counterparty’s separate ¥30.327 million damages claim remain in dispute, and no provision has been recognized. - FY2023RestatedAnnual report
「The company is currently involved in litigation concerning a claim for payment of contract fees and a separate damages claim.」
The company’s claim for ¥7.776 million in contract fees and the counterparty’s separate ¥30.327 million damages claim remain in dispute, and no provision has been recognized. - FY2023-Q3First statedAnnual report
「The company is currently involved in litigation concerning a claim for payment of contract fees and a separate damages claim. Because the company had not received payment from the counterparty for contract fees relating to system development and other work it performed, it filed, as plaintiff, a lawsuit seeking payment of contract fees of ¥7.776 million and late payment damages based on the statutory commercial interest rate. Subsequently, the counterparty filed a separate action seeking ¥30.327 million in damages and late payment damages based on the statutory commercial interest rate for losses and emotional distress allegedly incurred by the counterparty as a result of the company’s failure to properly perform the system development and other work, constituting a breach of contract.」
The litigation remained ongoing as of the end of the quarter, involving the company’s claim for ¥7.776 million in contract fees and the counterparty’s separate claim for ¥30.327 million in damages. No provision has been recognized at this time, although the company indicated that the financial statements could be affected depending on the outcome of the litigation.