Notice of termination of the solar power generation business certification transfer agreement and demand for return
First written in FY2023-Q3. 5 of 11 entries say "Restated". Latest entry: FY2026.
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- FY2026AchievedAnnual report
「As stated in the timely disclosure dated 30 April 2026, “Notice Regarding Resolution of Litigation Through Settlement and Recognition of an Extraordinary Loss,” we recognized the settlement payment associated with the settlement of the litigation, together with related litigation costs, as a litigation-related loss under extraordinary losses during the current consolidated fiscal year.」
The company disclosed that the litigation concerning termination of the transfer agreement for the solar power generation business certification and related matters was resolved through a settlement, and that the settlement payment and related costs were recognized as an extraordinary loss. - FY2026-H1RestatedAnnual report
「As described below, we were sued in the Nagoya District Court on 28 April 2023, and the litigation is currently pending. ... Value of the subject matter of the litigation: ¥6,480 million ... As the impact of the litigation on our financial results and other matters is currently difficult to estimate reasonably, it has not been reflected in the interim consolidated financial statements.」
The lawsuit concerning termination of the transfer agreement for the solar power generation business certification and claims for restoration to the original condition remains pending. The value of the subject matter of the litigation is ¥6,480 million, and the company has reconfirmed its disclosure that the impact on financial results cannot be reasonably estimated. - FY2025-H1RestatedAnnual report
「As described below, we were sued in the Nagoya District Court on 28 April 2023, and the litigation is currently pending. ... Value of the subject matter of the litigation: ¥6,480 million ... As the impact of the litigation on our financial results and other matters is currently difficult to estimate reasonably, it has not been reflected in the interim consolidated financial statements.」
The lawsuit concerning termination of the transfer agreement for the solar power generation business certification and claims for restoration to the original condition remains pending. The company has reconfirmed its disclosure that the value of the subject matter of the litigation is ¥6,480 million and that the impact on financial results cannot be reasonably estimated. - FY2024-Q3RestatedAnnual report
「As the impact of the litigation on our financial results and other matters is currently difficult to estimate reasonably, it has not been reflected in the consolidated financial statements.」
The lawsuit concerning termination of the transfer agreement for the solar power generation business certification and claims for restoration to the original condition remains pending. The company has reconfirmed its disclosure that the value of the subject matter of the litigation is ¥6,480 million and that the impact on financial results cannot be reasonably estimated. - FY2024-Q2RestatedAnnual report
「As described below, we were sued in the Nagoya District Court on 28 April 2023, and the litigation is currently pending. ... Value of the subject matter of the litigation: ¥6,480 million ... As the impact of the litigation on our financial results and other matters is currently difficult to estimate reasonably, it has not been reflected in the consolidated financial statements.」
The lawsuit concerning termination of the transfer agreement for the solar power generation business certification and restoration to the original condition remains pending. The value of the subject matter of the litigation is ¥6,480 million, and the company has reconfirmed its disclosure that the impact on financial results cannot be reasonably estimated. - FY2024-Q1MaterialisedAnnual report
「As described below, we were sued in the Nagoya District Court on 28 April 2023, and the litigation is currently pending. ... Value of the subject matter of the litigation: ¥6,480 million ... We believe that the plaintiff's asserted termination of the contract for the transfer of status in this matter is without merit, but we will examine the complaint and intend to establish the validity of our position in court.」
The notice of termination and demand for return disclosed in the third quarter of FY2023 progressed to the filing of a lawsuit on 28 April 2023. The value of the subject matter of the litigation is ¥6,480 million. The company believes that the termination of the agreement has no grounds and states that the impact on financial results is currently difficult to estimate reasonably. - FY2023RestatedAnnual report
「For the estimate of the net realizable value of the business certification for the solar power generation business included in work in process, please refer to “(Significant Accounting Estimates) 3. Estimate of the Net Realizable Value of the Business Certification for the Solar Power Generation Business Included in Work in Process.”」
The business certification for the solar power generation business plan continues to be disclosed as an item for estimating the net realizable value of work in process. - FY2023-Q3First statedAnnual report
「We received a notice on 24 January 2023 from the transferee of the business certification for a solar power generation business plan that grounds for terminating the transfer agreement had arisen and that the agreement would be terminated, together with demands for the return of the business certification and the transfer price. We do not believe that grounds for termination under the agreement apply and are considering our response in consultation with attorneys and others.」
On 24 January 2023, we received a notice from the transferee of the business certification for a solar power generation business plan transferred in a prior year demanding termination of the agreement, return of the business certification and return of the transfer price. The company does not believe that grounds for termination apply and is considering its response in consultation with attorneys and others.