Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Decision and Details
Tokyo District CourtJudgment in the damages claim lawsuit against the former representative director
Decision16 April 2026 (date judgment was handed down)
Period Covered30 April 2024, 31 May 2024, 15 August 2024, and 31 October 2024 through the date of each payment (period subject to late-payment damages)
ImplementationDate judgment was handed down: 16 April 2026 (actual). The judgment will become final if no appeal is filed within 2 weeks of service of the written judgment.
Going forwardThe judgment will become final if no appeal is filed within 2 weeks of service of the written judgment. If any matter requiring disclosure arises, including an appeal by the defendant, it will be disclosed promptly. If payment is received pursuant to the judgment, an extraordinary gain is expected to be recognized.
AmountOutsourcing agreement for junior high school entrance examination materials and related items: damages of ¥143.99 million (¥130.90 million in disbursements and ¥13.09 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Outsourcing agreement for university entrance examination materials and related items: damages of ¥183.24625 million (¥166.5875 million in disbursements and ¥16.65875 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Advertising expenses (the Company): damages of ¥328.085182 million (¥298.259257 million in disbursements and ¥29.825925 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Advertising expenses (老松酒造): damages of ¥737.474090 million (¥670.430991 million in disbursements and ¥67.043099 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Legal costs: borne entirely by the defendant.
Quantity / scale4 damages claims; the Company and its consolidated subsidiary 老松酒造株式会社 were the plaintiffs, and former Representative Director Fukumura Yasuhiro (福村 康廣) was the defendant
Reason
Fukumura (福村 康廣) entered into outsourcing agreements without obtaining approval or a resolution from the Board of Directors, causing the Company or 老松酒造 to incur costs related to educational materials and advertising expenses.
Impact on Business Performance
If payment is received, an extraordinary gain is expected to be recognized. However, depending on whether an appeal is filed and on the recovery status, an extraordinary gain may not be recognized.
| Item | Details |
|---|---|
| Matter Covered | Judgment in the damages claim lawsuit against the former representative director |
| Decision-Making Body | Tokyo District Court |
| Decision Date | 16 April 2026 (date judgment was handed down) |
| Implementation Date | Date judgment was handed down: 16 April 2026 (actual). The judgment will become final if no appeal is filed within 2 weeks of service of the written judgment. |
| Period Covered | 30 April 2024, 31 May 2024, 15 August 2024, and 31 October 2024 through the date of each payment (period subject to late-payment damages) |
| Amount | Outsourcing agreement for junior high school entrance examination materials and related items: damages of ¥143.99 million (¥130.90 million in disbursements and ¥13.09 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Outsourcing agreement for university entrance examination materials and related items: damages of ¥183.24625 million (¥166.5875 million in disbursements and ¥16.65875 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Advertising expenses (the Company): damages of ¥328.085182 million (¥298.259257 million in disbursements and ¥29.825925 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Advertising expenses (老松酒造): damages of ¥737.474090 million (¥670.430991 million in disbursements and ¥67.043099 million in attorneys' fees), plus late-payment damages at an annual rate of 3%. Legal costs: borne entirely by the defendant. |
| Quantity / scale | 4 damages claims; the Company and its consolidated subsidiary 老松酒造株式会社 were the plaintiffs, and former Representative Director Fukumura Yasuhiro (福村 康廣) was the defendant |
| Impact on Business Performance | If payment is received, an extraordinary gain is expected to be recognized. However, depending on whether an appeal is filed and on the recovery status, an extraordinary gain may not be recognized. |
| Reason | Fukumura (福村 康廣) entered into outsourcing agreements without obtaining approval or a resolution from the Board of Directors, causing the Company or 老松酒造 to incur costs related to educational materials and advertising expenses. |
| Future plans | The judgment will become final if no appeal is filed within 2 weeks of service of the written judgment. If any matter requiring disclosure arises, including an appeal by the defendant, it will be disclosed promptly. If payment is received pursuant to the judgment, an extraordinary gain is expected to be recognized. |
Items this document does not state (2)
Governing RuleRelated previous disclosures
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 court fully upheld both the Company's primary and alternative claims. However, depending on whether the defendant appeals and on the recovery status, an extraordinary gain may not be recognized.
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