Settlement Reached in Litigation
RORZE CORPORATION and its U.S. subsidiary, Rorze Automation, Inc.
Products of RORZE CORPORATION and its U.S. subsidiary
Litigation was filed alleging infringement of the plaintiff's U.S. patent rights
In the financial results for the second quarter of the fiscal year ending February 2027, the difference between the litigation loss provision already recorded and the payment made under this settlement is scheduled to be recognized as an extraordinary loss. The amount has not been disclosed.
Second quarter of the fiscal year ending February 2027
As of the present date, there is no change to the full-year earnings forecast for the fiscal year ending February 2027 that has already been disclosed.
Related procedures
Action for damages based on patent infringement
Kawasaki Heavy Industries,Ltd.
RORZE CORPORATION and Rorze Automation, Inc.
In the financial results for the second quarter of the fiscal year ending February 2027, the difference between the litigation loss provision and the payment made under this settlement is scheduled to be recognized as an extraordinary loss. The settlement will finally resolve the litigation, and there will be no impact on future business activities.
| Item | Details |
|---|---|
| Event name | Settlement Reached in Litigation |
| Date of occurrence | 3 August 2026 (date the settlement agreement was entered into) |
| Subject Entity | RORZE CORPORATION and its U.S. subsidiary, Rorze Automation, Inc. |
| Target Locations / Products | Products of RORZE CORPORATION and its U.S. subsidiary |
| Cause | Litigation was filed alleging infringement of the plaintiff's U.S. patent rights |
| Amount of Impact on Business Performance | In the financial results for the second quarter of the fiscal year ending February 2027, the difference between the litigation loss provision already recorded and the payment made under this settlement is scheduled to be recognized as an extraordinary loss. The amount has not been disclosed. |
| Accounting period in which recognized | Second quarter of the fiscal year ending February 2027 |
| Impact on Earnings Forecast | As of the present date, there is no change to the full-year earnings forecast for the fiscal year ending February 2027 that has already been disclosed. |
| Type of litigation or proceeding | Action for damages based on patent infringement |
| Plaintiff | Kawasaki Heavy Industries,Ltd. |
| Defendant | RORZE CORPORATION and Rorze Automation, Inc. |
| Date of filing / date of action | 30 August 2022 (U.S. time; date the action was filed) |
| Outlook | In the financial results for the second quarter of the fiscal year ending February 2027, the difference between the litigation loss provision and the payment made under this settlement is scheduled to be recognized as an extraordinary loss. The settlement will finally resolve the litigation, and there will be no impact on future business activities. |
Items this document does not state (12)
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.Following settlement discussions between the parties, a settlement agreement was entered into. Details of the settlement have not been disclosed pursuant to the confidentiality obligations set out in the settlement agreement.