Litigation Risk Involving Acquired Companies and Former Subsidiaries
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2025-H1. Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The company acquired in April 2020 had 1 defendant case, and we had recorded a provision for this case since the fiscal year ended March 2021. However, our group's victory was confirmed in June 2024, and we recorded a reversal of the provision for litigation losses of ¥21 million as an extraordinary gain.」
Our victory in the litigation involving the acquired company was confirmed, and we reversed the ¥21 million provision for litigation losses. - FY2025-H1MitigatedAnnual report
「The company acquired in April 2020 had 1 defendant case, and we had recorded a provision for this case since the fiscal year ended March 2021. However, our group's victory was confirmed in June 2024, and we recorded a reversal of the provision for litigation losses of ¥21 million as an extraordinary gain.」
Our victory in the 1 defendant case involving the acquired company was confirmed in June 2024, and we recorded a ¥21 million reversal of the provision for litigation losses. - FY2022First statedAnnual report
「All 6 defendant cases that our group had been dealing with since acquiring all shares of former Mitsui & Co. Futures Co., Ltd. (as it was then known) in June 2007 have been settled. However, the possibility remains that lawsuits may be brought by customers and others of former Mitsui & Co. Futures Co., Ltd. In addition, a company acquired in April 2020 had 1 defendant case, and we recorded a provision for this case in the fiscal year ended March 2021.」
We disclosed that the 6 defendant cases involving the former subsidiary had been settled, while the acquired company had 1 defendant case for which a provision had been recorded.