Litigation, Regulatory Proceedings and Third-Party Intellectual Property Infringement
First written in FY2017. 15 of 19 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2022-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2021-Q2RestatedAnnual report
「In connection with the plea agreement entered into with the U.S. Department of Justice in February 2014, civil litigation seeking damages has been filed in North America.」
The company continues to disclose the civil litigation in North America. No new developments are indicated regarding litigation, regulatory proceedings or infringement of third-party intellectual property rights. - FY2021-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. The civil litigation in North America continues to be disclosed separately. - FY2020-Q3RestatedAnnual report
「In connection with the plea agreement entered into with the U.S. Department of Justice in February 2014, civil litigation seeking damages has been filed in North America.」
The company continues to disclose the civil litigation in North America. No new developments are indicated regarding the risks related to litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company continues to provide a comprehensive explanation that there are no material changes regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company continues to provide a comprehensive explanation that there are no material changes regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. - FY2019MitigatedAnnual report
「Subsequently, on 17 October 2018, the Seoul High Court accepted the claims of 玄潭産業㈱ and issued a judgment revoking the corrective order and penalty payment order against the company. Following the decision of the Supreme Court of Korea, the Seoul High Court's judgment became final on 4 March 2019. As a result, 玄潭産業㈱ received a refund of the penalty it had paid in March 2019 and recognized it as extraordinary income.」
The judgment revoking the Korea Fair Trade Commission's penalty payment order became final, and the penalty paid was refunded. The specific risk related to the antitrust-related loss was reduced during the fiscal year through the refund. - FY2019-Q3RestatedAnnual report
「In connection with a plea agreement entered into with the U.S. Department of Justice in February 2014, civil lawsuits seeking damages have been filed in North America. In November 2017, the company received an order from the Korea Fair Trade Commission to pay a penalty under Korea's Antitrust Act and filed an objection against the order.」
The company continues to disclose the civil litigation in North America and the penalty payment order from and objection filed with the Korea Fair Trade Commission, with no new developments indicated. - FY2019-Q2RestatedAnnual report
「In November 2017, the company received an order from the Korea Fair Trade Commission to pay a penalty under Korea's Antitrust Act and filed an objection against the order.」
The company continues to disclose the penalty payment order from and objection filed with the Korea Fair Trade Commission. - FY2019-Q1RestatedAnnual report
「In November 2017, the company received an order from the Korea Fair Trade Commission to pay a penalty under Korea's Antitrust Act and filed an objection against the order.」
The company continues to disclose the penalty payment order from and objection filed with the Korea Fair Trade Commission. The regulatory proceedings have already materialized, but no new developments are indicated. - FY2018MaterialisedAnnual report
「In November 2017, the company received an order from the Korea Fair Trade Commission to pay a penalty under Korea's Antitrust Act and filed an objection against the order.」
The penalty payment order from the Korea Fair Trade Commission materialized, and an antitrust-related loss of ¥1,672 million was recognized. - FY2018-Q3RestatedAnnual report
「Antitrust-related loss － ※ 1,656 ※ Antitrust-related loss This represents a penalty payment ordered by the Korea Fair Trade Commission against a consolidated subsidiary of the company.」
The company continues to recognize and disclose the ¥1,656 million antitrust-related loss arising from the penalty imposed by the Korea Fair Trade Commission in the cumulative third quarter. - FY2018-Q2MaterialisedAnnual report
「Antitrust-related loss 1,656 This represents a penalty payment ordered by the Korea Fair Trade Commission against a consolidated subsidiary of the company.」
An order from the Korea Fair Trade Commission to pay a penalty was issued, and ¥1,656 million was recognized as an antitrust-related loss. A general regulatory-proceedings risk has materialized as an actual loss. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding litigation, regulatory proceedings and infringement of third-party intellectual property rights. Civil litigation in North America continues to be disclosed separately in the notes. - FY2017First statedAnnual report
「The Group may become a party to various lawsuits and legal proceedings brought by regulatory authorities. In addition, because the Group's products use a broad range of technologies, the Group may become a party to lawsuits alleging infringement of third-party intellectual property rights.」
Separate from the existing civil litigation in North America, the company describes the possibility of general litigation, regulatory proceedings and litigation alleging infringement of third-party intellectual property rights as risks.