Litigation and Claims for Damages Arising from Termination of an Outsourced System Development Agreement
First written in FY2017-Q3. 5 of 8 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 12 of 70 companies on the "Worse" side.
95 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「As a result, operating profit was ¥1,207 million, up 0.1% year on year, and ordinary profit was ¥1,278 million, up 0.2%. Net profit was ¥815 million, down 9.9%, due to the recognition of ¥74 million in litigation-related expenses as an extraordinary loss.」
It was confirmed that litigation-related expenses of ¥74 million were recorded as an extraordinary loss for the full year in connection with the lawsuit resolved through mediation on 26 December 2018. - FY2019-Q3Mediation concluded and litigation resolvedAnnual report
「In the mediation proceedings in this lawsuit, the court proposed resolving the matter through the Company's payment of a settlement amount to At Home Co., Ltd. After careful consideration, the Company decided to accept the court's proposal. The mediation was concluded and the matter was resolved on 26 December 2018.」
The lawsuit concerning termination of the system development outsourcing agreement with At Home Co., Ltd. was resolved through mediation concluded on 26 December 2018. Litigation-related expenses of ¥74 million, representing the settlement amount and an amount equivalent to attorneys' fees, were recorded as an extraordinary loss. - FY2019-Q2RestatedAnnual report
「On 27 December 2016, the Company was sued by At Home Co., Ltd. in the Tokyo District Court for payment of ¥437,022 thousand plus an amount calculated at an annual rate of 6% from 6 July 2016 until payment is made. The lawsuit concerns the development of a system outsourced by the Company to At Home Co., Ltd. At Home Co., Ltd. is seeking damages, remuneration under the Commercial Code, and related late-payment damages on the grounds that the Company terminated the system development outsourcing agreement before completion.」
The lawsuit concerning termination of the system development outsourcing agreement continued to be disclosed, and the impact of the claim amount and other matters on business results remained unknown as of the end of the second quarter. - FY2018DroppedAnnual reportThe FY2018 securities report does not include the lawsuit concerning termination of the system development outsourcing agreement that had been disclosed through the previous quarter. The outcome of the lawsuit and any withdrawal have not been expressly stated.
- FY2018-Q3RestatedAnnual report
「On 27 December 2016, the Company was sued by At Home Co., Ltd. in the Tokyo District Court for payment of ¥437,022 thousand plus an amount calculated at an annual rate of 6% from 6 July 2016 until payment is made.」
The lawsuit concerning termination of the system development outsourcing agreement continued to be disclosed, and its impact on business results remained unknown as of the end of the third quarter. - FY2018-Q2RestatedAnnual report
「On 27 December 2016, the Company was sued by At Home Co., Ltd. in the Tokyo District Court for payment of ¥437,022 thousand plus an amount calculated at an annual rate of 6% from 6 July 2016 until payment is made.」
The lawsuit concerning termination of the system development outsourcing agreement continued to be disclosed, and the impact of the claim amount and other matters remained unknown as of the end of the second quarter. - FY2018-Q1RestatedAnnual report
「On 27 December 2016, the Company was sued by At Home Co., Ltd. in the Tokyo District Court for payment of ¥437,022 thousand plus an amount calculated at an annual rate of 6% from 6 July 2016 until payment is made.」
The lawsuit concerning termination of the system development outsourcing agreement continued to be disclosed, and the impact of the claim amount and other matters remained unknown as of the end of the quarter. - FY2017-Q3MaterialisedAnnual report
「On 27 December 2016, the Company was sued by At Home Co., Ltd. in the Tokyo District Court for payment of ¥437,022 thousand plus an amount calculated at an annual rate of 6% from 6 July 2016 until payment is made. The lawsuit concerns the development of a system outsourced by the Company to At Home Co., Ltd. At Home Co., Ltd. is seeking damages, remuneration under the Commercial Code, and related late-payment damages on the grounds that the Company terminated the system development outsourcing agreement before completion.」
A lawsuit was filed seeking ¥437,022 thousand plus late-payment damages at an annual rate of 6% in connection with the early termination of the system development outsourcing agreement. The Company argued that the termination was based on the contractor's non-performance and that no obligation existed, and stated that the impact on business results was unknown as of the end of the quarter.