Litigation with NS Solutions over a System Server Sales Contract
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The accounts receivable were recovered in full following the settlement reached on 19 May 2025.」
The lawsuit concerning the system-server purchase and sale agreement with NS Solutions Corporation was settled, and the ¥10,620 million in accounts receivable was recovered in full. - FY2021RestatedAnnual report
「Our consolidated subsidiary Mizuho Toshiba Leasing Co., Ltd. filed an action with the Tokyo District Court on 31 March 2020 against NS Solutions Corporation as defendant concerning a purchase and sale agreement for system servers and peripheral equipment. NS Solutions Corporation indicated in November 2019 that it intended to terminate the agreement, but Mizuho Toshiba Leasing Co., Ltd. determined that it had a valid right to claim from NS Solutions Corporation an amount equivalent to the purchase price.」
The lawsuit concerning the system-server purchase and sale agreement and the recognition of ¥10,620 million in accounts receivable continue to be disclosed. - FY2020First statedAnnual report
「Our consolidated subsidiary Mizuho Toshiba Leasing Co., Ltd. filed an action with the Tokyo District Court on 31 March 2020 against NS Solutions Corporation as defendant concerning a purchase and sale agreement for system servers and peripheral equipment (the "Purchase and Sale Agreement"). NS Solutions Corporation indicated in November 2019 that it intended to terminate the Purchase and Sale Agreement, but Mizuho Toshiba Leasing Co., Ltd. determined that it had a valid right to claim from NS Solutions Corporation an amount equivalent to the purchase price, with the amount claimed being ¥10,926 million.」
The specific legal matter was first described: a lawsuit filed on 31 March 2020 concerning a purchase and sale agreement for system servers and other equipment, with a claim of ¥10,926 million.