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Occurring Fact6696TRaaS On Product Inc.Electrical Equipment and Precision Instruments

Notice Regarding the Filing of a Lawsuit Seeking Damages from the Company

株式会社ジーエーピー filed a lawsuit against the Company with the Tokyo District Court, seeking ¥240,757,000 and other amounts in damages relating to the development of a core system. The Company received the complaint on 21 August 2026. The Company expects the claim to be dismissed on the grounds that it fulfilled its contractual obligations.

Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
240757000
¥
Wording
Conditional
How definitive the wording is.

Filing of a lawsuit seeking damages against the Company

Subject Entity

TRaaS On Product Inc. (filing company)

Target Locations / Products

Development of 株式会社ジーエーピー's core system (this development project)

Occurrence7 August 2026 (date the lawsuit was filed)
14 days later
Awareness or receipt of notice21 August 2026 (date the complaint was served)
Litigation / administrative action7 August 2026 (date the lawsuit was filed)
This disclosure08/24/2026
Cause

At the request of 株式会社ジーエーピー's current management, the work was suspended, and development work stopped in February 2026 while the project remained incomplete and in progress. 株式会社ジーエーピー alleges a breach of obligations under a quasi-mandate contract in relation to fees for past development work that had already undergone acceptance.

Related procedures

Type

Damages lawsuit

Court or authority

Tokyo District Court

Plaintiff

株式会社ジーエーピー

Defendant

TRaaS On Product Inc.

Claim amount / surcharge amount

¥240,757,000 (including ¥21,887,000 equivalent to attorneys' fees), plus late-payment damages at an annual rate of 3%

Company response

Suspended operations

Development work relating to 株式会社ジーエーピー's core system. Suspended in February 2026.

Outlook

The Company has obtained acceptance based on completion reports for the entire period and has faithfully performed its contractual obligations. Accordingly, it believes that 株式会社ジーエーピー's claim has no basis whatsoever and will naturally be dismissed. If any matters requiring further disclosure arise, the Company will promptly disclose them.

Event that occurred
ItemDetails
Event nameFiling of a lawsuit seeking damages against the Company
Date of occurrence7 August 2026 (date the lawsuit was filed)
Date recognized / date notice received21 August 2026 (date the complaint was served)
Subject EntityTRaaS On Product Inc. (filing company)
Target Locations / ProductsDevelopment of 株式会社ジーエーピー's core system (this development project)
CauseAt the request of 株式会社ジーエーピー's current management, the work was suspended, and development work stopped in February 2026 while the project remained incomplete and in progress. 株式会社ジーエーピー alleges a breach of obligations under a quasi-mandate contract in relation to fees for past development work that had already undergone acceptance.
Type of litigation or proceedingDamages lawsuit
Court or authorityTokyo District Court
Plaintiff株式会社ジーエーピー
DefendantTRaaS On Product Inc.
Date of filing / date of action7 August 2026 (date the lawsuit was filed)
Claim amount / surcharge amount¥240,757,000 (including ¥21,887,000 equivalent to attorneys' fees), plus late-payment damages at an annual rate of 3%
Suspended operationsDevelopment work relating to 株式会社ジーエーピー's core system. Suspended in February 2026.
OutlookThe Company has obtained acceptance based on completion reports for the entire period and has faithfully performed its contractual obligations. Accordingly, it believes that 株式会社ジーエーピー's claim has no basis whatsoever and will naturally be dismissed. If any matters requiring further disclosure arise, the Company will promptly disclose them.
Planned follow-up disclosureIf any matters requiring further disclosure arise, the Company will promptly disclose them.
Items this document does not state (10)
Amount of Impact on Business PerformanceAccounting period in which recognizedImpact on Earnings ForecastAmount of receivables at risk of non-collection or delayed collectionScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the change

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 the death of 株式会社ジーエーピー's founder and representative director and chairman, the company's current management requested that the work be suspended, and development of the core system stopped in February 2026 before completion. 株式会社ジーエーピー is seeking damages, alleging a breach of obligations under a quasi-mandate contract in relation to fees for past development work that had already undergone acceptance. The Company explains that the claim has no basis because it obtained acceptance for each individual contract and faithfully performed its contractual obligations.

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Notice Regarding the Filing of a Lawsuit Seeking Damages from the Company | TRaaS On Product Inc. (6696) timely disclosure | Komori