Payment of Settlement Amounts in U.S. Class-Action Civil Litigation
First written in FY2017-Q3. 3 of 15 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「Payments for fines and other penalties △¥3 million —」
Payments recognized in cash flows from operating activities for settlement payments and other amounts related to the Antimonopoly Act decreased from ¥3 million in the previous fiscal year to none in the current fiscal year. - FY2022-Q3No payments for fines and other penalties recognized in the current fiscal yearAnnual report
「Payments for fines and other penalties △ ¥3 million —」
There were payments for fines and other penalties of ¥3 million in the same period of the previous year, but none were recognized in cash flows from operating activities during the cumulative third quarter of the current fiscal year. - FY2021-Q3Continued decline in payments for fines and other penaltiesAnnual report
「Payments for fines and other penalties △ ¥258 million △ ¥3 million」
Payments for fines and other penalties are continuing, but payments recognized in cash flows from operating activities decreased from ¥258 million in the same period of the previous year to ¥3 million. - FY2021-Q2No payments for fines and other penalties recognized in the current fiscal yearAnnual report
「Payments for fines and other penalties △ ¥246 million —」
There were payments for fines and other penalties of ¥246 million in the same period of the previous year, but none were recognized in cash flows from operating activities during the cumulative second quarter of the current fiscal year. - FY2020Decline in payments for fines and other penaltiesAnnual report
「Payments for fines and other penalties decreased from ¥746 million to ¥260 million.」
Payments for fines and other penalties are continuing, but payments recognized in cash flows from operating activities decreased from ¥746 million in the previous fiscal year to ¥260 million in the current fiscal year. - FY2020-Q3Continued decline in payments for fines and other penaltiesAnnual report
「Payments for fines and other penalties △ ¥738 million △ ¥258 million」
Payments for fines and other penalties are continuing, but decreased from ¥738 million in the same period of the previous year to ¥258 million. - FY2020-Q2Continued decline in payments for fines and other penaltiesAnnual report
「Payments for fines and other penalties △ ¥718 million △ ¥246 million」
Payments for fines and other penalties are continuing, but decreased from ¥718 million in the same period of the previous year to ¥246 million. - FY2020-Q1Continued decline in payments for fines and other penaltiesAnnual report
「Payments for fines and other penalties △ ¥561 million △ ¥241 million」
Payments for fines and other penalties are continuing, but decreased from ¥561 million in the same period of the previous year to ¥241 million. - FY2019Decrease in payments of penalties and other amountsAnnual report
「Payments for fines and other penalties amounted to ¥746 million.」
Payments for fines and other penalties, including settlement payments, are continuing, but decreased from ¥1,412 million in the previous fiscal year to ¥746 million. - FY2019-Q3RestatedAnnual report
「Cash flow from operating activities decreased by ¥435 million year on year to ¥6,424 million, due to an increase in working capital associated with higher sales and payments of settlements and other amounts,」
The increase in working capital associated with higher sales and payments of settlements and other amounts continue to be cited as factors reducing cash flow from operating activities. Payments of penalties and other amounts totaled ¥738 million. - FY2019-Q2RestatedAnnual report
「Cash flow from operating activities decreased by ¥1,448 million year on year to ¥3,818 million, due to an increase in working capital associated with higher sales and payments of settlements and other amounts,」
Payments of settlements and other amounts continue to be cited as a factor reducing cash flow from operating activities, with payments of penalties and other amounts totaling ¥718 million. - FY2019-Q1Settlement and other payments continue to affect cash flowAnnual report
「Cash flow from operating activities decreased by ¥844 million year on year to ¥1,586 million, due to an increase in working capital associated with higher sales and payments of settlements and other amounts,」
Payments of settlements and other amounts are cited as a factor reducing cash flow from operating activities, with payments of penalties and other amounts totaling ¥561 million. - FY2018Continued recognition of class-action settlements and settlement paymentsAnnual report
「From 2014 through 2018, the Company reached settlement agreements with parties concerned, including plaintiffs in various class actions filed in the United States and Canada, and recognized settlement payments.」
The legal-proceedings risk discussion has been expanded to include settlement agreements and recognition of settlement payments through 2018 for class actions in the United States and Canada. - FY2017RestatedAnnual report
「In addition, the Company and TRA reached a settlement agreement with the plaintiffs in October 2014 in connection with a class action filed in the United States District Court for the Eastern District of Michigan.」
The settlement agreement relating to the U.S. class action is also described in the annual report as a legal-proceedings risk. No new settlement or payment is reported. - FY2017-Q3First statedAnnual report
「Cash flow from operating activities increased by ¥2,768 million year on year to ¥5,603 million, due to an increase in profit before income taxes and other adjustments and the fact that a settlement payment related to a U.S. class action was made in the previous year.」
The payment of a settlement related to a U.S. class action in the previous year is mentioned for the first time as a factor in the year-on-year comparison of cash flow from operating activities.