Disputes with stakeholders over contract performance and transaction terms
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「Our group has addressed the litigation based in part on the report of the third-party committee that investigated the incident. However, from the perspective of achieving an early resolution of the dispute, among other considerations, we decided to settle the matter and, in connection with the settlement, recorded the loss related to the litigation as an extraordinary loss.」
The company agreed to settle the litigation with business partners concerning defects in industrial gas detection and alarm devices and recorded a ¥220 million loss related to the litigation. - FY2023RestatedAnnual report
「Our company and the relevant subsidiary have received claims from certain business partners for costs and other expenses that they say they incurred in response to the incident, and have also been sued for payment of those costs and other expenses.」
Claims for costs and litigation by business partners relating to defects in industrial gas detection and alarm devices remain ongoing. - FY2022WorsenedAnnual report
「Our company and the relevant subsidiary have received claims from certain business partners for costs and other expenses that they say they incurred in response to the incident, and have also been sued for payment of those costs and other expenses.」
Claims for costs and litigation relating to defects in industrial gas detection and alarm devices remain ongoing, and a provision of ¥80 million for product inspection costs has been recorded. The company also stated that additional provisions may be recorded depending on developments in the litigation and negotiations. - FY2021-Q3RestatedAnnual report
「Our company and certain consolidated subsidiaries are defendants in lawsuits seeking payment of costs incurred and billed by business partners. As of the end of the current quarterly consolidated accounting period, we had recorded a provision of ¥80 million for product inspection costs.」
Continued to report the litigation with a business partner over the allocation of costs and the ¥80 million provision for product inspection costs. - FY2021-Q2RestatedAnnual report
「Our company and certain consolidated subsidiaries are defendants in lawsuits seeking payment of costs incurred and billed by business partners. As of the end of the current quarterly consolidated accounting period, we had recorded a provision of ¥80 million for product inspection costs.」
Continued to report the litigation with a business partner over the allocation of costs and the ¥80 million provision for product inspection costs, as in the previous quarter. - FY2021-Q1MaterialisedAnnual report
「Our company and certain consolidated subsidiaries are defendants in lawsuits seeking payment of costs incurred and billed by business partners. As of the end of the current quarterly consolidated accounting period, we had recorded a provision of ¥80 million for product inspection costs.」
In connection with a dispute with a business partner over the allocation of costs, the company was sued and recorded a provision of ¥80 million for product inspection costs. - FY2016First statedAnnual report
「If differences of opinion arise with stakeholders over contract performance or transaction terms, this could affect business performance through claims for damages or other means.」
Described differences of opinion regarding contract performance and transaction terms as a risk that could lead to claims for damages.