Judgment in the litigation
株式会社Birdman (plaintiff in the main action and defendant in the counterclaim), 合同会社revive (defendant in the main action and plaintiff in the counterclaim)
Financial advisory agreements entered into in December 2023 and March 2024
A dispute over the return of fees and unpaid fees under the financial advisory agreements between the Company and 合同会社revive. The disclosure was delayed because the Company's understanding of the need for timely disclosure was insufficient.
Related procedures
Action for restitution of unjust enrichment and other claims (main action), counterclaim for payment of fees and other amounts (counterclaim), appellate proceedings
Tokyo District Court, Civil Division No. 6; Tokyo High Court
Main action: 株式会社Birdman; counterclaim: 合同会社revive
Main action: 合同会社revive; counterclaim: 株式会社Birdman
Main action: ¥47,139,224 plus delay damages. Counterclaim: ¥33,000,000 plus delay damages at an annual rate of 3% from 16 August 2025 until payment. Judgment: The Company is ordered to pay ¥33 million plus an amount calculated at an annual rate of 3% on that amount from 16 August 2025 until payment.
¥33.875 million provision for litigation losses (extraordinary loss)
Financial results for the fiscal year ended June 2026
The impact of this accounting treatment is reflected in the “Consolidated Financial Results for the Fiscal Year Ended June 2026 [Japanese GAAP]” and the “Notice Regarding the Recording of an Operating Loss, Non-operating Income, Non-operating Expenses and an Extraordinary Loss,” both released today. No revision to the earnings forecast: Not disclosed.
Company response
The Company will implement measures to prevent recurrence, including prior consultation with its outside counsel, and will work to ensure appropriate disclosure of information.
The Company will assert the validity of its position in the appellate proceedings. Because the judgment includes a declaration of provisional execution, the Company may be required to make payment before the appellate proceedings are concluded. The progress and outcome of the litigation may affect the Company's performance.
| Item | Details |
|---|---|
| Event name | Judgment in the litigation |
| Date of occurrence | 11 June 2026 (date judgment was handed down) |
| Subject Entity | 株式会社Birdman (plaintiff in the main action and defendant in the counterclaim), 合同会社revive (defendant in the main action and plaintiff in the counterclaim) |
| Target Locations / Products | Financial advisory agreements entered into in December 2023 and March 2024 |
| Cause | A dispute over the return of fees and unpaid fees under the financial advisory agreements between the Company and 合同会社revive. The disclosure was delayed because the Company's understanding of the need for timely disclosure was insufficient. |
| Amount of Impact on Business Performance | ¥33.875 million provision for litigation losses (extraordinary loss) |
| Accounting period in which recognized | Financial results for the fiscal year ended June 2026 |
| Impact on Earnings Forecast | The impact of this accounting treatment is reflected in the “Consolidated Financial Results for the Fiscal Year Ended June 2026 [Japanese GAAP]” and the “Notice Regarding the Recording of an Operating Loss, Non-operating Income, Non-operating Expenses and an Extraordinary Loss,” both released today. No revision to the earnings forecast: Not disclosed. |
| Type of litigation or proceeding | Action for restitution of unjust enrichment and other claims (main action), counterclaim for payment of fees and other amounts (counterclaim), appellate proceedings |
| Court or authority | Tokyo District Court, Civil Division No. 6; Tokyo High Court |
| Plaintiff | Main action: 株式会社Birdman; counterclaim: 合同会社revive |
| Defendant | Main action: 合同会社revive; counterclaim: 株式会社Birdman |
| Date of filing / date of action | Date main action was filed: 1 May 2025 (complaint served: 21 May 2025); date counterclaim was filed: 1 August 2025 (counterclaim served: 15 August 2025); date judgment was handed down: 11 June 2026; date of appeal: 26 June 2026 |
| Claim amount / surcharge amount | Main action: ¥47,139,224 plus delay damages. Counterclaim: ¥33,000,000 plus delay damages at an annual rate of 3% from 16 August 2025 until payment. Judgment: The Company is ordered to pay ¥33 million plus an amount calculated at an annual rate of 3% on that amount from 16 August 2025 until payment. |
| Measures to prevent recurrence | The Company will implement measures to prevent recurrence, including prior consultation with its outside counsel, and will work to ensure appropriate disclosure of information. |
| Outlook | The Company will assert the validity of its position in the appellate proceedings. Because the judgment includes a declaration of provisional execution, the Company may be required to make payment before the appellate proceedings are concluded. The progress and outcome of the litigation may affect the Company's performance. |
Items this document does not state (9)
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.This was because, in light of the judgment, the Company reasonably estimated the amount of losses it may be required to bear. The Company states that the disclosure was delayed because its understanding of the need for timely disclosure was insufficient.