Worth reading
60In focus
Scored from 5 of 6 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Decision and Details
Tokyo District CourtJudgment in the shareholder derivative action
Decision25 June 2026
Implementation25 June 2026 (judgment handed down; actual)
Going forwardIf any matter requiring disclosure arises in connection with this case, the Company will promptly disclose it.
AmountAmount claimed: approximately ¥3.5 billion in total, plus delay damages thereon; approximately ¥400 million in damages (both amounts claimed by the plaintiffs)
Quantity / scalePlaintiffs: 株式会社TENZAN and 3 individual shareholders; defendants: 22 current and former directors of the Company and 5 current and former corporate auditors; total defendants related to the bidding procedure: 8; TENZAN's shareholding ratio: 0.0003%
Reason
The Tokyo District Court determined that none of the directors or corporate auditors serving at the time had breached the duty of care alleged by the plaintiffs.
Impact on Business Performance
The judgment will not affect the Company's results.
| Item | Details |
|---|---|
| Matter Covered | Judgment in the shareholder derivative action |
| Decision-Making Body | Tokyo District Court |
| Decision Date | 25 June 2026 |
| Implementation Date | 25 June 2026 (judgment handed down; actual) |
| Amount | Amount claimed: approximately ¥3.5 billion in total, plus delay damages thereon; approximately ¥400 million in damages (both amounts claimed by the plaintiffs) |
| Quantity / scale | Plaintiffs: 株式会社TENZAN and 3 individual shareholders; defendants: 22 current and former directors of the Company and 5 current and former corporate auditors; total defendants related to the bidding procedure: 8; TENZAN's shareholding ratio: 0.0003% |
| Impact on Business Performance | The judgment will not affect the Company's results. |
| Reason | The Tokyo District Court determined that none of the directors or corporate auditors serving at the time had breached the duty of care alleged by the plaintiffs. |
| Related previous disclosures | "Notice Concerning the Shareholder Derivative Action" dated 13 December 2023, "Notice Concerning the Shareholder Derivative Action" dated 7 October 2024, and "Notice Concerning Intervention in Support in the Shareholder Derivative Action" dated 22 December 2023 |
| Future plans | If any matter requiring disclosure arises in connection with this case, the Company will promptly disclose it. |
Items this document does not state (2)
Period CoveredGoverning Rule
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 Tokyo District Court determined that none of the directors or corporate auditors serving at the time had breached the duty of care alleged by the plaintiffs.
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