Litigation and Dispute Risk
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2024.
Seven Bank moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「With respect to litigation involving FCTI, Inc., a consolidated subsidiary of the company, the company recorded in extraordinary losses an amount recognized as an addition to the provision for litigation losses, representing the estimated amount of losses to be borne based on the circumstances and progress of the case, in preparation for potential losses arising in the future.」
For the previously anticipated litigation and dispute risk, a provision of ¥1,406 million was recorded for the estimated loss relating to litigation involving FCTI. - FY2022RestatedAnnual report
「No material litigation has arisen to date. The company also focuses primarily on preventive legal work and seeks to minimize risks by coordinating with lawyers and other professionals.」
The company stated that no material litigation had arisen and continued to respond through preventive legal work and coordination with professionals. - FY2018RestatedAnnual report
「No material litigation has arisen to date. The company also focuses primarily on preventive legal work and seeks to minimize risks by coordinating with lawyers and other professionals. However, there can be no assurance that litigation or disputes will not arise in the future as a result of legal issues such as violations of laws and regulations or incomplete contract execution, potentially affecting the company’s operating results and financial position.」
While no material litigation had arisen, the company continued to address future litigation and dispute risks through preventive legal work. - FY2017First statedAnnual report
「No material litigation has arisen to date. The company also focuses primarily on preventive legal work and seeks to minimize risks by coordinating with lawyers and other professionals. However, there can be no assurance that litigation or disputes will not arise in the future as a result of legal issues such as violations of laws and regulations or incomplete contract execution, potentially affecting the company’s operating results and financial position.」
While stating that no material litigation had arisen, the company disclosed future litigation and dispute risks arising from violations of laws and regulations or incomplete contracts.