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Placo (6347) · RiskNew recycling plant litigation

Damages lawsuit and countersuit involving the former representative director

First written in FY2023-Q1. 3 of 6 entries say "Restated". Latest entry: FY2025.

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ProgressHeldSoftenedWorseRestatedFY2023-Q1 – FY20252022: 220222023: 120232024: 220242025: 12025
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  1. FY2025New recycling plant litigationAnnual report

    「On 10 June 2024, the company was sued by 栄伸開発株式会社 and 3 other companies (hereinafter, 栄伸開発株式会社 and the 3 other companies). … The lawsuit seeks approximately ¥753.817 million for rework and construction costs for a recycling plant that the company undertook for 栄伸開発株式会社 and the 3 other companies and completed delivery of in fiscal year 64. On 6 November 2024, the company filed a lawsuit against 栄伸開発株式会社 seeking payment of the contract price and other amounts related to the recycling plant. Both lawsuits are currently pending.」

    Separate from the litigation involving the former representative director, a lawsuit and countersuit concerning approximately ¥753.81 million in rework and construction costs for a recycling plant have arisen and are pending.
  2. FY2025-H1RestatedAnnual report

    「On 3 March 2021, the company filed a lawsuit against its former representative director, Kurosawa Hideo (黒澤秀男). … In response to the lawsuit, Kurosawa Hideo (黒澤秀男) filed a countersuit with the Saitama District Court on 9 September 2021 seeking payment of approximately ¥31 million from the company. The cases are currently pending. The company will consult with its lawyers regarding the pending litigation and assert its legal position.」

    The damages lawsuit against the former representative director and the countersuit for approximately ¥31 million remain pending, and the company continues its policy of consulting with its lawyers and asserting its legal position.
  3. FY2024-Q3RestatedAnnual report

    「The company will consult with its lawyers regarding the pending litigation and assert its legal position.」

    While the damages lawsuit and countersuit involving the former representative director continue, the company continues its response policy of consulting with its lawyers and asserting its legal position.
  4. FY2024-Q2RestatedAnnual report

    「The company will consult with its lawyers regarding the pending litigation and assert its legal position.」

    While the damages lawsuit and countersuit involving the former representative director continue, the company continues its response policy of consulting with its lawyers and asserting its legal position.
  5. FY2023-Q2Addition of litigation response policyAnnual report

    「The company will consult with its lawyers regarding the pending litigation and assert its legal position.」

    While the damages lawsuit and countersuit involving the former representative director continue, the company has added a response policy of consulting with its lawyers and asserting its legal position.
  6. FY2023-Q1First statedAnnual report

    「On 3 March 2021, the company filed a lawsuit against its former representative director, Kurosawa Hideo (黒澤秀男). (Saitama District Court, First Civil Division, Reiwa 3 (wa) No. 457.) The lawsuit seeks damages for losses incurred by the company as a result of Kurosawa Hideo (黒澤秀男)'s breach of duties as former representative director. In response to the lawsuit, Kurosawa Hideo (黒澤秀男) filed a countersuit with the Saitama District Court on 9 September 2021 seeking payment of approximately ¥31 million from the company. The cases are currently pending.」

    The company disclosed for the first time that a damages lawsuit against the former representative director and a countersuit seeking payment of approximately ¥31 million are pending.
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