Resolution of Litigation Through Settlement and Recognition of an Extraordinary Loss
TOKYO SANGYO CO.,LTD.
Related procedures
Lawsuit seeking restoration to the original condition and other relief; court settlement
Nagoya District Court
TOENEC CORPORATION
TOKYO SANGYO CO.,LTD.
The Company will pay a settlement amount of ¥3,000 million, which it expects to recognize as an extraordinary loss in its financial results for the fiscal year ending March 2026.
Fiscal year ending March 2026
The impact on the full-year earnings forecasts is currently under review. The Company will promptly disclose any facts requiring disclosure.
The Company expects to recognize the settlement amount as an extraordinary loss in its financial results for the fiscal year ending March 2026. It will review the full-year earnings forecasts and promptly disclose any facts requiring disclosure.
The Company will promptly disclose any facts requiring disclosure.
| Item | Details |
|---|---|
| Event name | Resolution of Litigation Through Settlement and Recognition of an Extraordinary Loss |
| Date of occurrence | 30 April 2026 (date of court settlement) |
| Subject Entity | TOKYO SANGYO CO.,LTD. |
| Amount of Impact on Business Performance | The Company will pay a settlement amount of ¥3,000 million, which it expects to recognize as an extraordinary loss in its financial results for the fiscal year ending March 2026. |
| Accounting period in which recognized | Fiscal year ending March 2026 |
| Impact on Earnings Forecast | The impact on the full-year earnings forecasts is currently under review. The Company will promptly disclose any facts requiring disclosure. |
| Type of litigation or proceeding | Lawsuit seeking restoration to the original condition and other relief; court settlement |
| Court or authority | Nagoya District Court |
| Plaintiff | TOENEC CORPORATION |
| Defendant | TOKYO SANGYO CO.,LTD. |
| Date of filing / date of action | 28 April 2023 (filing date) / 30 April 2026 (settlement date) |
| Outlook | The Company expects to recognize the settlement amount as an extraordinary loss in its financial results for the fiscal year ending March 2026. It will review the full-year earnings forecasts and promptly disclose any facts requiring disclosure. |
| Planned follow-up disclosure | The Company will promptly disclose any facts requiring disclosure. |
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.After comprehensively considering the progress of the litigation to date, the details of the matter and the time that would be required if the litigation were continued.