Arbitration and settlement-related costs incurred by a Thai subsidiary
First written in FY2026. 2 of 5 entries say "Achieved", first in 2026-08-25. Latest entry: 2026-10-09.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- 2026-10-09AchievedEarnings
「Provision for settlement-related costs 3,599 —」
The provision for settlement-related costs recorded at the end of the previous fiscal year fell to zero at the end of the first quarter, confirming that the accounting treatment following the previously disclosed settlement had been completed. - FY2026MaterialisedAnnual report
「SANKO GOSEI (THAILAND) CO., LTD. (hereinafter, “STL”), the Company’s consolidated subsidiary in Thailand, was subject to an arbitration petition filed with a Thai arbitration institution and received service of the petition relating to the arbitration on 16 February 2026 (local time). In connection with the petition, the Group held settlement discussions with AISIN CORPORATION and recorded THB734 million (¥3,599 million) in settlement-related costs. On 24 August 2026, a settlement was reached under which STL paid THB727 million (¥3,562 million) to SIAM AISIN CO., LTD.」
The consolidated Thai subsidiary was served with an arbitration petition and recorded ¥3,599 million in settlement-related costs. A settlement was reached after the filing, under which ¥3,562 million was paid, resulting in the actual occurrence of costs associated with the arbitration and settlement.