Komori
M&A and Subsidiary Changes8894REVOLUTION CO.,LTD.Real Estate

Notice of Partial Withdrawal of Lawsuit Against the Former Representative Director of Consolidated Subsidiary WeCapital Co., Ltd.

WeCapital株式会社 has withdrawn its claim for approximately ¥180 million from the damages lawsuit it filed against its former representative director. The claim concerning the obligation to pay approximately ¥20 million under the repayment agreement will continue.

Worth reading
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Scored from 0 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1.8
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Partial withdrawal of this lawsuit
CounterpartyMatsuda Yusuke (松田悠介)
Disclosing companyREVOLUTION CO.,LTD.
Subject of this transaction
This transaction
ItemDetails
Transaction namePartial withdrawal of this lawsuit
Counterparty nameMatsuda Yusuke (松田悠介)
Items this document does not state (30)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 cited the expected resolution of redemption delays in some crowdfunding projects, the completion of principal redemptions for certain projects, a review of its overall policy for pursuing liability against Matsuda Yusuke (松田悠介), and the occurrence of an event requiring an urgent response in its crowdfunding business.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Partial Withdrawal of Lawsuit Against the Former Representative Director of Consolidated Subsidiary WeCapital Co., Ltd. | REVOLUTION CO.,LTD. (8894) timely disclosure | Komori