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Advanex (5998) · RiskNo expense recognized in the current period

Harassment Complaint by Former Employee and Settlement at U.S. Subsidiary

First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2022-Q3.

7entries
5years
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ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2022-Q32018: 320182019: 120192020: 020202021: 220212022: 1
Same theme, other companies
Litigation by Former Employees Concerning Dismissal and Employment ContractsA theme 14 companies write about · 14 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2021: 4 of 6 companies on the "Worse" side.

3 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. FY2022-Q3No expense recognized in the current periodAnnual report

    「Settlement payment 79,402 −」

    The ¥79.402 million settlement payment recorded in the same period of the previous year was not recorded in the nine-month period ended 31 December.
  2. FY2021Full-year settlement payment recordedAnnual report

    「Settlement payment − 79,627」

    A settlement payment of ¥79.627 million related to a harassment claim at a U.S. subsidiary was recorded during the fiscal year.
  3. FY2021-Q3Settlement payment recognizedAnnual report

    「Settlement payment − 79,402」

    ¥79.402 million was recorded as an extraordinary loss in the nine-month period ended 31 December in relation to a settlement payment previously described as related to a harassment claim at a U.S. subsidiary.
  4. FY2019-Q3RestatedAnnual report

    「Settlement payment - 28,466」

    A settlement payment of ¥28.466 million related to a harassment claim at a U.S. subsidiary was recorded as an extraordinary loss in the current quarter.
  5. FY2019-Q2RestatedAnnual report

    「Settlement payment - 28,067」

    A settlement payment of ¥28,067 thousand related to the harassment complaint at the U.S. subsidiary was recorded as an extraordinary loss in the current quarter.
  6. FY2019-Q1RestatedAnnual report

    「Settlement payment - 27,731」

    A settlement payment of ¥27,731 thousand related to the harassment complaint at the U.S. subsidiary was recorded as an extraordinary loss in the current quarter.
  7. FY2018MaterialisedAnnual report

    「In February 2018, a former employee of our U.S. subsidiary Advanex Americas, Inc. reported having been subjected to harassment by a former executive. We investigated the facts and held discussions with the former employee, ultimately reaching a settlement in June 2018 under which USD255,000 was to be paid.」

    The filing states as a material subsequent event that a harassment complaint arose at the U.S. subsidiary and resulted in a settlement payment of USD255,000 in June 2018.
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Harassment Complaint by Former Employee and Settlement at U.S. Subsidiary | Advanex Inc. (5998) | Komori