Risk of Damages and Late-Payment Damages from LEAP Litigation
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
110 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「Our subsidiary 株式会社バッファロー and 2 other companies outside our group were sued by 株式会社LEAP on 26 June 2012 for damages for lost profits and other losses arising from the termination of the basic transaction agreement (¥3,017 million), as well as default interest. On 27 May 2016, the Tokyo District Court rendered a judgment dismissing 株式会社LEAP's claims. Dissatisfied with the judgment, 株式会社LEAP filed an appeal with the Tokyo High Court on 10 June 2016, seeking damages of ¥400 million and default interest. Our group will continue to assert and defend the legitimacy of our position in court.」
There has been no change in the appeal by LEAP or our policy for responding to the litigation, and we continue to assert and defend the legitimacy of our position. - FY2017-Q2RestatedAnnual report
「Our group will continue to assert and defend the legitimacy of our position in court.」
The appeal by LEAP remains ongoing, and our group continues its policy of responding to the litigation. - FY2017-Q1First statedAnnual report
「On 26 June 2012, 株式会社LEAP filed a lawsuit seeking damages for lost profits and other losses arising from the termination of the basic transaction agreement (¥3,017 million), as well as default interest. On 27 May 2016, the Tokyo District Court rendered a judgment dismissing 株式会社LEAP's claims. Dissatisfied with the judgment, 株式会社LEAP filed an appeal with the Tokyo High Court on 10 June 2016, seeking damages of ¥400 million and default interest.」
The lawsuit and appeal have actually been filed, with the amount claimed stated as ¥3,017 million in the original action and ¥400 million at the appeal stage.