Suspected violation of the Antimonopoly Act and Japan Fair Trade Commission on-site inspection concerning sales of valves for LPG cylinders
First written in FY2023-Q2. 6 of 11 entries say "Restated". Latest entry: 2026-09-14.
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- 2026-09-14RestatedEarnings
「Depending on future developments in this lawsuit, it may have a material impact on the Company’s financial position and operating results.」
The company reiterated the damages lawsuit against 2 directors arising from orders to eliminate violations and orders for payment of surcharges related to the Antimonopoly Act, as well as the potential for a material future impact on the financial position and operating results. - FY2026-H1RestatedAnnual report
「Depending on future developments in this litigation, it may have a material impact on the company's financial position and operating results. The 2 directors changed from serving to no longer holding office at the Board of Directors meeting held on 28 February 2025.」
The company continues to disclose the possibility of a material future impact on its financial position and operating results from the damages claims brought against 2 directors, originating from cease-and-desist orders and surcharge payment orders related to the Antimonopoly Act. - 2026-05-13RestatedEarnings
「The lawsuit is currently ongoing, and depending on future developments, it may have a material impact on the Company’s financial position and operating results.」
A damages lawsuit against 2 directors arising from orders related to the Antimonopoly Act remains ongoing, and the potential for a material impact on the financial position and operating results was reiterated. - FY2025RestatedAnnual report
「The 2 directors concerned changed from directors to former directors at the Board of Directors meeting held on 28 February 2025.」
The Company reiterated that the action for damages against 2 directors arising from the cease-and-desist order and surcharge payment order related to the Antimonopoly Act remains ongoing, and also disclosed the retirement of the directors concerned. - FY2025-H1Action for damages against 2 directors remains ongoing, and the directors concerned have retiredAnnual report
「Depending on the future progress of this litigation, it may have a material impact on the Company's financial position and operating results. The 2 directors concerned changed from directors to former directors at the Board of Directors meeting held on 28 February 2025.」
The action for damages against 2 directors brought in connection with the violation of the Antimonopoly Act remains ongoing, and the Company disclosed that its future progress may have a material impact on its financial position and operating results. The 2 directors concerned changed from directors to former directors on 28 February 2025. - FY2024WorsenedAnnual report
「After considering whether it was necessary to bring an action to pursue liability against the 8 directors subject to a shareholder demand for litigation, the Company's Audit and Supervisory Committee decided on 11 November of the same year to bring an action against 2 of those 8 directors. On 27 December of the same year, it filed an action for damages against the 2 directors with the Tokyo District Court.」
Following the cease-and-desist order and surcharge payment order under the Antimonopoly Act, the Company disclosed that, in response to a shareholder demand for litigation, it had filed an action for damages against 2 directors. - FY2024-H1MaterialisedAnnual report
「Regarding this matter, the Company received a cease-and-desist order and a surcharge payment order under the Antimonopoly Act from the Japan Fair Trade Commission on 27 June 2024.」
The matter progressed from the previous on-site inspection and ongoing investigation to the actual receipt of a cease-and-desist order and a surcharge payment order. The Company recorded a surcharge of ¥454 million as an Antimonopoly Act-related loss under extraordinary losses, and interim net income declined 95.8% year on year. - FY2024-Q1WorsenedAnnual report
「On 10 May 2024, the Company received from the Japan Fair Trade Commission a draft cease-and-desist order and a draft surcharge payment order under the Antimonopoly Act, together with a notice of hearing of opinions concerning both drafts, in connection with the sale of certain valves for LPG cylinders. These documents are collectively referred to as the “Notice Documents.”」
The matter has progressed from the previous on-site inspection and ongoing investigation, with the Company receiving a draft cease-and-desist order, a draft surcharge payment order, and a notice of hearing of opinions. The content of the orders is expected to be finalized through subsequent procedures, and the Company has not at this stage asserted a final finding of violation or the amount of any impact. - FY2023RestatedAnnual report
「As the investigation is ongoing, its impact on the Company's financial position and operating results is unknown at present, but depending on the outcome of the investigation, it may affect the Company's financial position and operating results.」
The Company continues to state that the Japan Fair Trade Commission's on-site inspection and its policy of fully cooperating with the investigation remain in effect, while the impact of the investigation's outcome on its financial position and operating results remains unknown. - FY2023-Q3RestatedAnnual report
「The Company underwent an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act, specifically the prohibition of unreasonable restraint of trade, in connection with the sale of valves for LPG cylinders. The Company takes the fact that it underwent the inspection seriously and will fully cooperate with the Japan Fair Trade Commission's investigation.」
The Company continues to disclose the Japan Fair Trade Commission's on-site inspection concerning sales of valves for LPG cylinders and its policy of fully cooperating with the investigation. It has not asserted that a violation has been established. - FY2023-Q2First statedAnnual report
「The Company underwent an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act, specifically the prohibition of unreasonable restraint of trade, in connection with the sale of valves for LPG cylinders. The Company takes the fact that it underwent the inspection seriously and will fully cooperate with the Japan Fair Trade Commission's investigation.」
The Company disclosed that it had undergone an on-site inspection by the Japan Fair Trade Commission due to suspected violations of the Antimonopoly Act concerning sales of valves for LPG cylinders. Although the Company stated that it would fully cooperate with the investigation, it did not assert that a violation had been established.