Optical Disk Drive Price-Fixing Litigation and Related Expenses
First written in FY2016. 2 of 4 entries say "Achieved", first in FY2017. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AchievedAnnual report
「Operating cash flow remained negative for the cumulative first quarter, mainly due to the payment of approximately ¥500 million in settlement money for optical disc drive cartel litigation, primarily in the United States, and contributions of approximately ¥400 million related to the partial transition of the corporate pension plan to a defined-contribution plan, among other factors.」
The company stated that it had paid approximately ¥500 million in settlement money for the optical disc drive cartel litigation. - FY2017AchievedAnnual report
「Accordingly, gains of ¥80 million from the closure of an affiliated company and ¥853 million from the revision of the defined-benefit corporate pension plan, together with a ¥454 million loss from a litigation settlement, were presented as individually disclosed items.」
For the optical disc drive cartel litigation, a ¥454 million loss related to the settlement was recorded, and the ¥505 million settlement payment was recorded under other non-current liabilities. - FY2017-Q3Recorded a decrease in provisionsAnnual report
「Change in provision for litigation losses (△ indicates a decrease): △¥290 million」
In operating cash flow, a ¥290 million decrease in the provision for litigation losses was recorded. No new information was provided on the status of the litigation settlement. - FY2016MaterialisedAnnual report
「In the US class action, the plaintiffs’ renewed motion for class certification was granted in January 2015, and the litigation proceeded. Accordingly, for the fiscal year ended March 2016, we reasonably estimated the related costs likely to be incurred through resolution of the litigation and recognized a litigation loss provision of ¥626 million.」
As the litigation proceeded, a ¥626 million provision for litigation losses was recognized.