Domestic and Overseas Litigation Risk
First written in FY2016. 1 of 4 entries say "Materialised", first in FY2017. Latest entry: FY2022.
20 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「To reduce these litigation risks, the Group clarifies the legal responsibilities it assumes in its standard contract templates, has each business division work with specialist departments such as the legal department and external experts, takes measures to minimize the impact on the Group’s business performance and financial condition if it is actually sued, and maintains group-wide liability insurance, among other measures.」
The company specified its response to litigation risks through contracts, coordination with specialist legal departments and external experts, and group-wide liability insurance. - FY2018RestatedAnnual report
「In conducting its business activities in Japan and overseas, the Group faces the risk of becoming subject to litigation. If material litigation is filed in the future, it may have a significant impact on the Group’s business performance and financial condition.」
The company continues to disclose litigation risks in Japan and overseas. - FY2017MaterialisedAnnual report
「As a settlement was reached in a dispute involving Stolle Machinery Company, LLC, a consolidated subsidiary of the company, a loss related to the dispute of ¥1.284 billion was recorded.」
Regarding litigation and dispute risks in Japan and overseas, a settlement was reached in the dispute involving Stolle Machinery Company, LLC, and a loss of ¥1.284 billion was actually recorded. - FY2016First statedAnnual report
「In conducting its business activities in Japan and overseas, the Group faces the risk of becoming subject to litigation.」
The potential impact on business performance and financial condition if material litigation is filed is identified.