Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
292609732
¥ (separately, delay damages at 3% per annum from the day following service of the complaint)Wording
Conditional
How definitive the wording is.Decision and Details
The Company's Board of DirectorsFiling of a lawsuit seeking compensation from the former representative director of former consolidated subsidiary WeCapital Co., Ltd.
Decision17 September 2026 (date of filing and decision)
Period CoveredThe conduct of the former representative director during the period when WeCapital Co., Ltd. was our consolidated subsidiary, and a claim for compensation under the share transfer agreement dated 27 September 2026
Implementation17 September 2026 (lawsuit filed)
Going forwardThe company will make timely disclosures regarding the progress of the lawsuit as necessary, and will promptly notify the public once matters requiring disclosure concerning the impact on earnings become known.
AmountLawsuit amount: ¥292,609,732, plus delay damages at 3% per annum from the day following service of the complaint until payment in full
Reason
Because the former representative director breached the representations and warranties under the share transfer agreement, and to hold the former representative director accountable for misconduct and other matters and prevent recurrence
Impact on Business Performance
The company stated that it would promptly notify the public once matters requiring disclosure become known, and has not indicated the amount of the impact at this time.
| Item | Details |
|---|---|
| Matter Covered | Filing of a lawsuit seeking compensation from the former representative director of former consolidated subsidiary WeCapital Co., Ltd. |
| Decision-Making Body | The Company's Board of Directors |
| Decision Date | 17 September 2026 (date of filing and decision) |
| Implementation Date | 17 September 2026 (lawsuit filed) |
| Period Covered | The conduct of the former representative director during the period when WeCapital Co., Ltd. was our consolidated subsidiary, and a claim for compensation under the share transfer agreement dated 27 September 2026 |
| Amount | Lawsuit amount: ¥292,609,732, plus delay damages at 3% per annum from the day following service of the complaint until payment in full |
| Impact on Business Performance | The company stated that it would promptly notify the public once matters requiring disclosure become known, and has not indicated the amount of the impact at this time. |
| Reason | Because the former representative director breached the representations and warranties under the share transfer agreement, and to hold the former representative director accountable for misconduct and other matters and prevent recurrence |
| Governing Rule | Companies Act, Article 847, paragraph 1; Ordinance for Enforcement of the Companies Act, Article 217 (description concerning a previous demand to file a lawsuit) |
| Related previous disclosures | 28 March 2025, “Notice Regarding a Demand to File a Shareholder Derivative Lawsuit Against the Former Representative Director of Our Consolidated Subsidiary WeCapital Co., Ltd.”; 23 May 2025, “Response to the Demand to File a Lawsuit Against Our Consolidated Subsidiary WeCapital Co., Ltd.”; 8 August 2025, “Notice Regarding the Filing of a Lawsuit Against the Former Representative Director of a Consolidated Subsidiary”; 29 August 2025, “Notice Regarding the Filing of a Lawsuit Against the Former Representative Director of Consolidated Subsidiary WeCapital Co., Ltd.”; 20 February 2026, “Notice Regarding Administrative Action Against Our Subsidiary”; 27 February 2026, “Notice Regarding the Acquisition of Treasury Shares Without Consideration”; 30 June 2026, “Notice Regarding the Partial Withdrawal of the Lawsuit Against the Former Representative Director of Consolidated Subsidiary WeCapital Co., Ltd.”; 31 August 2026, “Notice Regarding the Change in Consolidated Subsidiaries (Share Transfer and Removal from Consolidation) and Withdrawal from the Crowdfunding Business by a Consolidated Subsidiary” |
| Future plans | The company will make timely disclosures regarding the progress of the lawsuit as necessary, and will promptly notify the public once matters requiring disclosure concerning the impact on earnings become known. |
Items this document does not state (1)
Quantity / scale
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.To seek compensation for a breach of representations and warranties under the share transfer agreement, and to hold the former representative director accountable for misconduct and other matters and prevent recurrence.
How to read this page
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