Litigation and Damages Risk
First written in FY2016. 2 of 7 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Mitsubishi Motors moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 12 of 70 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「On 28 May 2024 (US local time), MMNA appealed the judgment to the Superior Court of Pennsylvania, and on 22 December 2025 (US local time), a judgment was issued vacating and remanding the trial-court judgment.」
Regarding the product liability lawsuit, the appellate court indicated that the first-instance judgment would be quashed and remanded, changing the legal position from the previous damages judgment. - FY2025-H1RestatedAnnual report
「Including the above lawsuit, as it conducts business around the world, the Group has dealt with various lawsuits, tax investigations by tax authorities and administrative investigations by regulatory authorities.」
The disclosure continues to describe responses to lawsuits, including product liability lawsuits, tax investigations and administrative investigations, as well as the potential impact of future legal proceedings on operating results and financial condition. - FY2024WorsenedAnnual report
「In a product-liability lawsuit before the Court of Common Pleas of Philadelphia County, Pennsylvania, filed in November 2018, a judgment dated 6 May 2024 (US local time) was issued ordering our subsidiary Mitsubishi Motors North America, Inc. (MMNA) to pay US$1,010 million in damages.」
With respect to litigation and damages risks, a $1,010 million damages judgment was issued against MMNA. MMNA filed an appeal on 28 May. - FY2024-Q2MaterialisedAnnual report
「On 30 October 2023, in a product-liability lawsuit before the Court of Common Pleas of Philadelphia County, Pennsylvania, a jury returned a verdict ordering our subsidiary Mitsubishi Motors North America, Inc. (MMNA) to pay US$976 million in damages.」
Separately from the Egyptian lawsuit that was previously resolved, a $976 million damages verdict was issued in a product liability lawsuit involving MMNA, giving concrete form to new litigation and damages risks. - FY2022-Q3DroppedAnnual report
「As a result, the risk relating to this lawsuit described under “⑤ Impact of Litigation and Other Matters” in the securities report for the previous fiscal year has been eliminated.」
In the lawsuit brought by MASRIA, the former Egyptian distributor, seeking $900 million in damages, the plaintiff’s claim was dismissed in the final appellate judgment dated 15 November 2021, and the company stated that the risk relating to the lawsuit had been eliminated. - FY2020MaterialisedAnnual report
「On 21 January 2020, Mitsubishi Motors R&D Europe GmbH, our research and development facility in Germany, and MMD Automobile GmbH, our sales facility there, were subject to an on-site inspection by the Frankfurt Public Prosecutor's Office in Germany, referred to below as the "Inspection."」
With respect to litigation and regulatory response risks, German prosecutors conducted an on-site investigation at a facility. - FY2016First statedAnnual report
「On 20 February 2010, MASRIA Co., Ltd., the Group’s former distributor in Egypt, filed a lawsuit against the Group, including a claim for $900 million in damages concerning the Group’s termination of its dealership agreement with the company.」
In addition to the pending lawsuit involving a $900 million claim, the disclosure describes the possibility of lawsuits by users, business partners, alliance partners and others in connection with the fuel-economy testing irregularities.