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Occurring Fact6997NIPPON CHEMI-CON CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Judgment Against Our Singapore Subsidiary in Singapore

The Singapore International Commercial Court issued a judgment ordering consolidated subsidiary SINGAPORE CHEMI-CON (PTE) LTD. to pay £92,726,123. Additional amounts, including legal fees and late-payment damages, will be determined at a later date.

Worth reading
58In focus
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
92726123
British pounds
Wording
Conditional
How definitive the wording is.

Judgment Against Our Singapore Subsidiary in Singapore

Subject Entity

SINGAPORE CHEMI-CON (PTE) LTD.(SCC)

Target Locations / Products

Certain products manufactured by the plaintiff's group since June 2022, and components sold by SCC to the plaintiff

Occurrence18 September 2026 (local time)
Litigation / administrative actionFiled on 29 November 2024 (local time); judgment issued on 18 September 2026 (local time)
This disclosure09/24/2026
Cause

The plaintiff alleges, among other things, that components purchased from SCC caused the increase in the defect rate of certain products manufactured by the plaintiff's group. The detailed cause determined by the court is Not disclosed

Related procedures

Type

Litigation judgment

Court or authority

Singapore International Commercial Court

Plaintiff

Dyson Manufacturing Sdn. Bhd.

Defendant

SINGAPORE CHEMI-CON (PTE) LTD.(SCC)

Claim amount / surcharge amount

£92,726,123 (approximately ¥19.37 billion) under the judgment. Of the £3,131,760 (approximately ¥650 million) representing part of the plaintiff's claim, the amount to be borne by SCC will be determined at a later date

Amount of Impact on Business Performance

Liability for payment of £92,726,123 (approximately ¥19.37 billion). The amount to be recognized as an extraordinary loss, as well as legal fees, late-payment damages and other costs, is under review

Impact on Earnings Forecast

The extraordinary loss and impact on earnings arising from the judgment are currently under review, and will be disclosed promptly once the outlook becomes clear

Outlook

SCC is considering an appeal and will respond appropriately separately. The amount of legal fees and other costs to be borne, and whether late-payment damages accrued before the judgment was issued and the amount thereof, will be determined at a later date

Planned follow-up disclosure

The impact on earnings will be disclosed promptly once the outlook becomes clear

Event that occurred
ItemDetails
Event nameJudgment Against Our Singapore Subsidiary in Singapore
Date of occurrence18 September 2026 (local time)
Subject EntitySINGAPORE CHEMI-CON (PTE) LTD.(SCC)
Target Locations / ProductsCertain products manufactured by the plaintiff's group since June 2022, and components sold by SCC to the plaintiff
CauseThe plaintiff alleges, among other things, that components purchased from SCC caused the increase in the defect rate of certain products manufactured by the plaintiff's group. The detailed cause determined by the court is Not disclosed
Amount of Impact on Business PerformanceLiability for payment of £92,726,123 (approximately ¥19.37 billion). The amount to be recognized as an extraordinary loss, as well as legal fees, late-payment damages and other costs, is under review
Impact on Earnings ForecastThe extraordinary loss and impact on earnings arising from the judgment are currently under review, and will be disclosed promptly once the outlook becomes clear
Type of litigation or proceedingLitigation judgment
Court or authoritySingapore International Commercial Court
PlaintiffDyson Manufacturing Sdn. Bhd.
DefendantSINGAPORE CHEMI-CON (PTE) LTD.(SCC)
Date of filing / date of actionFiled on 29 November 2024 (local time); judgment issued on 18 September 2026 (local time)
Claim amount / surcharge amount£92,726,123 (approximately ¥19.37 billion) under the judgment. Of the £3,131,760 (approximately ¥650 million) representing part of the plaintiff's claim, the amount to be borne by SCC will be determined at a later date
OutlookSCC is considering an appeal and will respond appropriately separately. The amount of legal fees and other costs to be borne, and whether late-payment damages accrued before the judgment was issued and the amount thereof, will be determined at a later date
Planned follow-up disclosureThe impact on earnings will be disclosed promptly once the outlook becomes clear
Items this document does not state (10)
Date recognized / date notice receivedAccounting period in which recognizedAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled 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.

The plaintiff is seeking damages, alleging that components purchased from SCC caused the increase in the defect rate of products manufactured by the plaintiff's group. Although the court partially accepted SCC's arguments, it ordered SCC to pay part of the damages.

How to read this page

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Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Judgment Against Our Singapore Subsidiary in Singapore | NIPPON CHEMI-CON CORPORATION (6997) timely disclosure | Komori