Shareholder derivative action against directors and others (claim for approximately ¥54.5 billion in damages)
First written in FY2025-H1. 2 of 3 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「On the grounds that the Company’s directors and former directors failed to perform their duties in connection with the 3 matters described below, the action seeks payment to the Company, pursuant to Article 423, Paragraph 1 of the Companies Act, of approximately ¥54.5 billion in damages plus delinquency charges thereon.」
This reconfirms a shareholder derivative lawsuit for approximately ¥54.5 billion against 9 directors and 4 former directors, concerning compensation for the representative director, transactions and a share exchange, and the disposal of treasury shares to a public-interest incorporated foundation. - FY2025RestatedAnnual report
「On the grounds that the Company’s directors and former directors failed to perform their duties in connection with the 3 matters described below, the action seeks payment to the Company, pursuant to Article 423, Paragraph 1 of the Companies Act, of approximately ¥54.5 billion in damages plus delinquency charges thereon.」
This reconfirms a shareholder derivative lawsuit for approximately ¥54.5 billion against 9 directors and 4 former directors, concerning compensation for the representative director, transactions and a share exchange, and the disposal of treasury shares to a public-interest incorporated foundation. - FY2025-H1MaterialisedAnnual report
「On 27 August 2024, the Company received a notice of litigation stating that a shareholder of the Company had filed a shareholder derivative lawsuit with the Tokyo District Court against 9 directors and 4 former directors of the Company, seeking damages. On the grounds that the Company’s directors and former directors had failed to perform their duties in connection with the 3 matters described below, the action seeks payment to the Company, pursuant to Article 423, Paragraph 1 of the Companies Act, of approximately ¥54.5 billion in damages plus delinquency charges thereon.」
Following the filing of a shareholder derivative lawsuit on 27 August 2024, claims for approximately ¥54.5 billion in damages have been made against 9 directors and 4 former directors in connection with compensation paid to the representative director, transactions with business partners and the acquisition of a wholly owned subsidiary through a share exchange, and the disposal of treasury shares to a public-interest incorporated foundation. The Company also states that it has determined that the directors and others did not fail to perform their duties and that there will be no impact on results.