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Mitsubishi Heavy Industries (7011) · RiskDropped

Damages Claims Litigation Arising from Marine Accidents Involving Vessels Built

First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2022.

7entries
5years
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ProgressHeldSoftenedWorseRestatedFY2018 – FY20222018: 220182019: 420192020: 020202021: 020212022: 12022
Same theme, other companies
Litigation and arbitration loss risk arising from contracted operations and marine transportA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Dropped".

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Full recordFilings, disclosures and news, newest first
  1. FY2022DroppedAnnual report
    The filing contains no specific disclosure regarding damages litigation arising from the maritime accident involving a vessel built by the company under material litigation and other legal proceedings.
  2. FY2020-Q2RestatedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others.」

    The company continues to state that the damages lawsuits filed by Mitsui O.S.K.Lines,Ltd. and others in connection with the maritime accident involving a vessel it built remain pending.
  3. FY2020-Q1RestatedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others.」

    The company continues to state that the damages lawsuits filed by Mitsui O.S.K.Lines,Ltd. and others in connection with the maritime accident involving a vessel it built remain pending.
  4. FY2019RestatedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others. In response, the company filed a counterclaim against Mitsui O.S.K.Lines,Ltd. in March 2016 seeking payment of the contract price for hull reinforcement work on sister vessels of the vessel in question, carried out at the company's request. The matter remains pending.」

    The company continues to disclose that the damages lawsuits concerning the maritime accident involving a vessel it built, as well as the company's counterclaim, remain pending.
  5. FY2019-Q3RestatedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others. In response, the company filed a counterclaim against Mitsui O.S.K.Lines,Ltd. in March 2016 seeking payment of the contract price for hull reinforcement work on sister vessels of the vessel in question, carried out at the company's request. The matter remains pending.」

    The company continues to disclose that the damages lawsuits filed by Mitsui O.S.K.Lines,Ltd. and others in connection with the maritime accident involving a vessel it built, as well as the company's counterclaim, remain pending.
  6. FY2019-Q2RestatedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others. In response, the company filed a counterclaim against Mitsui O.S.K.Lines,Ltd. in March 2016 seeking payment of the contract price for hull reinforcement work on sister vessels of the vessel in question, carried out at the company's request. The matter remains pending.」

    The company continues to disclose that the damages lawsuits filed by Mitsui O.S.K.Lines,Ltd. and others in connection with the maritime accident involving a vessel it built, as well as the company's counterclaim, remain pending.
  7. FY2018First statedAnnual report

    「In January 2014, the company was sued by Mitsui O.S.K.Lines,Ltd. for damages incurred in connection with a maritime accident involving a vessel built by the company. Subsequently, similar lawsuits were filed by insurers, cargo owners and joint operators, among others.」

    The company continues to disclose as material litigation the damages lawsuits filed by Mitsui O.S.K.Lines,Ltd. and others, including a counterclaim, in connection with the maritime accident involving a vessel it built.
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Mitsubishi Heavy Industries's next results are scheduled for 2026-11-06. Read the earnings preview
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