Final settlement of litigation involving 瑞光（上海）電気設備有限公司
First written in FY2023-Q1. 1 of 3 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 1 of 11 companies on the "Worse" side.
11 other companies' latest entry also says "Other".
- FY2023-Q3Updated for the amount of settlement proceeds recognizedAnnual report
「Settlement proceeds received 788,130」
Regarding the civil lawsuit involving 瑞光（上海）電気設備有限公司, settlement proceeds received of ¥788.13 million were recorded as extraordinary income in the quarterly consolidated statement of income for the nine months ended the third quarter. - FY2023-Q2AchievedAnnual report
「Due to lower revenue, gross profit was ¥1,583 million, down 35.9% year on year. Operating loss was ¥449 million, compared with operating profit of ¥1,053 million in the same quarter of the previous year. Ordinary loss was ¥109 million, compared with ordinary profit of ¥1,229 million in the same quarter of the previous year. Profit attributable to owners of the parent was ¥635 million, down 25.3% year on year, due mainly to a gain on the sale of investment securities and extraordinary income from settlement proceeds received in a civil lawsuit involving Zuiko (Shanghai) Electrical Equipment Co., Ltd.」
Regarding the litigation settlement proceeds from 瑞光（上海）電気設備有限公司, which the previous filing stated were scheduled to be received, the company states that settlement proceeds received of ¥765.2 million were recorded as extraordinary income. Receipt and accounting recognition of the settlement proceeds have been confirmed as actual results. - FY2023-Q1First statedAnnual report
「In litigation in which our consolidated subsidiary 瑞光（上海）電気設備有限公司 was the plaintiff and Huangshan Fuda Precision Intelligent Manufacturing Co., Ltd. was the defendant, a settlement was finalized under which 瑞光（上海）電気設備有限公司 would receive a settlement payment. Accordingly, the Company expects to record approximately ¥755 million (RMB40 million) as settlement proceeds under extraordinary income in the consolidated statement of income for the second quarter of the fiscal year ending February 2023.」
The filing reports that litigation brought by 瑞光（上海）電気設備有限公司 was settled and that approximately ¥755 million (RMB40 million) was expected to be recorded as extraordinary income in the second quarter of the fiscal year ending February 2023.