Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
13.4
Hundreds of millions of yenWording
Definitive
How definitive the wording is.Decision and Details
Board of DirectorsLawsuit seeking damages from the directors at the time in connection with uncollected trade receivables
Decision26 June 2026
Period CoveredMatters concerning credit transactions conducted continuously through November 2025
Implementation3 July 2026 (lawsuit filed)
Going forwardThe company will make timely disclosures regarding the future progress of the lawsuit.
AmountAmount claimed: approximately ¥1.34 billion (joint and several claim against the former directors) / Uncollected trade receivables: approximately ¥1.34 billion
Quantity / scale5 defendants
Reason
The company determined that the directors at the time had neglected their duties and were liable for damages under Article 423, Paragraph 1 of the Companies Act.
| Item | Details |
|---|---|
| Matter Covered | Lawsuit seeking damages from the directors at the time in connection with uncollected trade receivables |
| Decision-Making Body | Board of Directors |
| Decision Date | 26 June 2026 |
| Implementation Date | 3 July 2026 (lawsuit filed) |
| Period Covered | Matters concerning credit transactions conducted continuously through November 2025 |
| Amount | Amount claimed: approximately ¥1.34 billion (joint and several claim against the former directors) / Uncollected trade receivables: approximately ¥1.34 billion |
| Quantity / scale | 5 defendants |
| Reason | The company determined that the directors at the time had neglected their duties and were liable for damages under Article 423, Paragraph 1 of the Companies Act. |
| Governing Rule | Article 423, Paragraph 1 of the Companies Act |
| Related previous disclosures | Notice Regarding the Expected Recognition of an Allowance for Doubtful Accounts on Trade Receivables dated 15 December 2025 |
| Future plans | The company will make timely disclosures regarding the future progress of the lawsuit. |
Items this document does not state (1)
Impact on Business Performance
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.The company determined that the directors at the time had neglected their duties in continuing credit transactions through November 2025 and were liable for damages under Article 423, Paragraph 1 of the Companies Act.
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