Risk of Litigation and Other Legal Proceedings
First written in FY2017. 6 of 12 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2023.
Lixil moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
0 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「In light of the recent increase in counterfeit water-purification cartridges, the likelihood has been changed from "low" to "medium."」
General litigation and legal-proceeding risk was reorganised as intellectual-property risk, and the likelihood was raised because of counterfeit water-purification cartridges. - FY2021-Q2MitigatedAnnual report
「There are no applicable items because the shares of Permasteelisa were transferred.」
Following the transfer of Permasteelisa's shares, there were no remaining claims relating to lawsuits and other proceedings concerning its contracted construction projects. However, indemnification obligations relating to disputes after the share transfer are disclosed separately. - FY2021-Q1MitigatedAnnual report
「Amount claimed in lawsuits and other proceedings relating to contracted construction projects (Note 2) 5,908 5,688」
The amount claimed in lawsuits and other proceedings relating to Permasteelisa decreased from ¥5,908 million at the end of the previous fiscal year to ¥5,688 million. - FY2020MitigatedAnnual report
「The amount claimed in lawsuits and other proceedings relating to contracted construction projects decreased from ¥19,145 million to ¥5,908 million. The main reason for the decrease during the current consolidated fiscal year was that an agreement was reached to settle certain lawsuits.」
The amount claimed in lawsuits and claims relating to Permasteelisa decreased, and an agreement was reached to settle certain lawsuits. - FY2020-Q3MitigatedAnnual report
「The main reason for the decrease during the period was that an agreement was reached to settle certain lawsuits.」
The amount claimed in lawsuits and other proceedings relating to Permasteelisa decreased, and an agreement was reached to settle certain lawsuits. - FY2020-Q1MitigatedAnnual report
「Amount claimed in lawsuits and other proceedings relating to contracted construction projects (Note 2) 19,145 18,812」
The amount claimed in lawsuits and other proceedings relating to Permasteelisa decreased from ¥19,145 million to ¥18,812 million. - FY2019WorsenedAnnual report
「In addition, Permasteelisa S.p.A. and its subsidiaries are subject to multiple lawsuits and claims that have not resulted in litigation in connection with contracted construction projects. The total amount claimed from Permasteelisa S.p.A. and its subsidiaries in relation to these lawsuits and claims is ¥19,145 million.」
The total amount claimed in lawsuits and claims relating to Permasteelisa was specified at ¥19,145 million. Provisions have been recorded for cases in which damages are expected. - FY2019-Q1MitigatedAnnual report
「The maximum amount of these contingent liabilities was estimated at approximately €210 million, or approximately ¥27,000 million, as of the end of the first quarter of the current consolidated fiscal year.」
The maximum estimated contingent liabilities relating to disputes, collection of construction receivables and project profitability after the sale of Permasteelisa decreased from approximately €220 million at the end of the previous fiscal year to approximately €210 million. - FY2018RestatedAnnual report
「Depending on the outcome of certain disputes involving Permasteelisa and the collection status and profitability of certain construction projects after the share transfer date, the Group may bear losses as contingent liabilities. As of the end of the current consolidated fiscal year, the maximum amount of these contingent liabilities was estimated at approximately €220 million, or approximately ¥29,000 million.」
Contingent liabilities relating to disputes, collection of construction receivables and project profitability after the sale of Permasteelisa continue to be disclosed at a maximum of approximately ¥29 billion. - FY2018-Q3RestatedAnnual report
「In addition to the loan described above, depending on the outcome of certain disputes involving Permasteelisa and the collection status and profitability of certain construction projects after the share transfer date, the Group may bear losses as contingent liabilities. As of the end of the third quarter of the current consolidated fiscal year, the maximum amount of these contingent liabilities was estimated at approximately €230 million, or approximately ¥31,000 million.」
The estimate of contingent liabilities relating to disputes, collection of construction receivables and project profitability after the sale of Permasteelisa continues to be disclosed at a maximum of approximately ¥31 billion. - FY2018-Q2WorsenedAnnual report
「Depending on the outcome of certain disputes involving Permasteelisa and the collection status and profitability of certain construction projects after the share transfer date, the Group may bear losses as contingent liabilities.」
In addition to general litigation and legal-proceeding risks, the possibility of losses after the sale relating to certain disputes involving Permasteelisa was specifically disclosed, with the maximum amount stated as approximately €230 million. - FY2017First statedAnnual report
「As the Group conducts business in Japan and overseas, it may become subject to lawsuits and other legal proceedings.」
The possibility of litigation, legal proceedings and damages arising from domestic and overseas operations is disclosed as a standalone risk item.