Decision and Details
Sakai Branch of the Osaka District CourtProvisional attachment order issued by the Sakai Branch of the Osaka District Court and application to cancel enforcement of the provisional attachment
Jiangsu Sanchao applied for a provisional attachment order based on the amount of direct damages it claims against the company. The company considers the provisional attachment to be without grounds or basis.
The provisional attachment will have no impact on the company's cash management or business activities. The company will promptly disclose any matters that arise in the future that may affect its business performance.
| Item | Details |
|---|---|
| Matter Covered | Provisional attachment order issued by the Sakai Branch of the Osaka District Court and application to cancel enforcement of the provisional attachment |
| Decision-Making Body | Sakai Branch of the Osaka District Court |
| Decision Date | 11 September 2026 (date the provisional attachment order was issued) |
| Implementation Date | The company received the written provisional attachment order on 18 September 2026 (completed). An application to cancel enforcement of the provisional attachment is planned. |
| Amount | Deposit claims subject to provisional attachment: ¥300 million; contractual consideration: ¥990 million; transportation costs paid in advance: approximately ¥5.83 million |
| Quantity / scale | Part of the deposits held with 1 financial institution with which the company does business |
| Impact on Business Performance | The provisional attachment will have no impact on the company's cash management or business activities. The company will promptly disclose any matters that arise in the future that may affect its business performance. |
| Reason | Jiangsu Sanchao applied for a provisional attachment order based on the amount of direct damages it claims against the company. The company considers the provisional attachment to be without grounds or basis. |
| Related previous disclosures | Disclosure dated 19 November 2021 concerning receipt of an application for arbitration from Jiangsu Sanchao at the Singapore International Arbitration Centre (SIAC); disclosure dated 23 May 2025 concerning receipt of an arbitral award (interim award) from SIAC |
| Future plans | Filing an objection to the provisional attachment, depositing the security required to lift the provisional attachment with the Legal Affairs Bureau, and filing an application to cancel enforcement of the provisional attachment over the deposit accounts. The company will disclose further developments as necessary. |
Items this document does not state (2)
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.Jiangsu Sanchao Diamond Tools Co., Ltd. applied for a provisional attachment order based on the amount of direct damages it claims, even though the nature and amount of the direct damages had not been determined in the arbitration proceedings. The company considers the provisional attachment to be without grounds or basis.