Subsequent Developments Regarding the Arbitration Claim Against Our Thai Consolidated Subsidiary (Notice Concerning the Execution of a Settlement Agreement)
SANKO GOSEI(THAILAND) CO.,LTD.(STL)
Automotive brake components; Thai consolidated subsidiary STL
SIAM AISIN CO.,LTD filed an arbitration claim with a Thai arbitration institution seeking damages related to automotive brake components.
Related procedures
Arbitration
Thai arbitration institution
SIAM AISIN CO.,LTD.
SANKO GOSEI(THAILAND) CO.,LTD.(STL)
Consolidated results for the fiscal year ending May 2026
The impact of this settlement has already been reflected in the consolidated results for the fiscal year ending May 2026.
If any matter requiring disclosure arises in the future, it will be announced promptly.
| Item | Details |
|---|---|
| Event name | Subsequent Developments Regarding the Arbitration Claim Against Our Thai Consolidated Subsidiary (Notice Concerning the Execution of a Settlement Agreement) |
| Date of occurrence | 24 August 2026 (date the settlement agreement was executed) |
| Subject Entity | SANKO GOSEI(THAILAND) CO.,LTD.(STL) |
| Target Locations / Products | Automotive brake components; Thai consolidated subsidiary STL |
| Cause | SIAM AISIN CO.,LTD filed an arbitration claim with a Thai arbitration institution seeking damages related to automotive brake components. |
| Accounting period in which recognized | Consolidated results for the fiscal year ending May 2026 |
| Impact on Earnings Forecast | The impact of this settlement has already been reflected in the consolidated results for the fiscal year ending May 2026. |
| Type of litigation or proceeding | Arbitration |
| Court or authority | Thai arbitration institution |
| Plaintiff | SIAM AISIN CO.,LTD. |
| Defendant | SANKO GOSEI(THAILAND) CO.,LTD.(STL) |
| Outlook | If any matter requiring disclosure arises in the future, it will be announced promptly. |
| Planned follow-up disclosure | If any matter requiring disclosure arises in the future, it will be announced promptly. |
Items this document does not state (12)
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.Following continued discussions between the parties, we determined that resolving the matter through settlement was appropriate and reasonable. Disclosure of the settlement details has been withheld because the settlement agreement contains confidentiality provisions.