BT’s Arbitration Claim for Damages Relating to Defective Products Supplied by Tamura Europe
First written in FY2017-Q3. 5 of 8 entries say "Restated". Latest entry: FY2019-Q3.
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- FY2019-Q3RestatedAnnual report
「Tamura Europe believes that it has no liability for damages and, after carefully reviewing the claims, will assert its position in the arbitration proceedings going forward.」
The arbitration proceedings concerning product defects remained unresolved, and Tamura Europe continued its policy of denying liability for damages and asserting its position in the arbitration proceedings. The amount claimed was disclosed as EUR8,113,231. - FY2019-Q1RestatedAnnual report
「Tamura Europe believes that it has no liability for damages and, after carefully reviewing the claims, will assert its position in the arbitration proceedings going forward.」
The arbitration proceedings concerning product defects remained unresolved, and Tamura Europe continued its policy of denying liability for damages and asserting its position in the arbitration proceedings. The amount claimed was disclosed as EUR8,113,231. - FY2018SoftenedAnnual report
「② Amount claimed: EUR8,113,231 (¥1,094 million at the 31 December 2017 exchange rate)」
The arbitration proceedings remained unresolved, but the disclosed amount claimed decreased from EUR8,624,918 to EUR8,113,231. - FY2018-Q3RestatedAnnual report
「Tamura Europe believes that it has no liability for damages and, after carefully reviewing the claims, will assert its position in the arbitration proceedings going forward.」
The arbitration proceedings concerning product defects remained unresolved, and Tamura Europe continued its policy of denying liability for damages and asserting its position in the arbitration proceedings. The amount claimed was disclosed as EUR8,624,918 (¥1,145 million). - FY2018-Q2RestatedAnnual report
「Tamura Europe believes that it has no liability for damages and, after carefully reviewing the claims, will assert its position in the arbitration proceedings going forward.」
The arbitration proceedings concerning product defects remained unresolved, and the policy of denying liability for damages and asserting Tamura Europe's position in the arbitration proceedings continued. - FY2018-Q1WorsenedAnnual report
「(3) Details of the claim and amount claimed for damages ① Details of the claim: Compensation for losses arising from defects in products delivered by Tamura Europe ② Amount claimed: EUR8,624,918 (¥1,033 million at the 31 March 2017 exchange rate)」
The arbitration proceedings concerning product defects remained unresolved, and the disclosed amount claimed increased to EUR8,624,918. The amount stated was higher than the EUR7,630,816 disclosed previously. - FY2017RestatedAnnual report
「Tamura Europe believes that it has no liability for damages and, after carefully reviewing the claims, will assert its position in the arbitration proceedings going forward.」
The arbitration claim concerning product defects remained unresolved, and the amount claimed was disclosed as EUR7,630,816 (¥936 million at the 31 December 2016 exchange rate). - FY2017-Q3First statedAnnual report
「Tamura Europe Limited (hereinafter, "Tamura Europe") was served with notice from the International Chamber of Commerce on 16 January 2017 that Bombardier Transportation Sweden AB (hereinafter, "BT") had filed for arbitration with the International Chamber of Commerce seeking compensation for losses and other damages arising from defects in products delivered by Tamura Europe.」
An arbitration claim concerning product defects was actually filed, with the amount claimed quantified at US$7,974,360 (EUR7,630,816). Tamura Europe denies liability for damages, and the amount of the potential impact was considered difficult to reasonably estimate as of the end of the quarter.