Litigation risk relating to unauthorized outsourcing agreements
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The Company and its consolidated subsidiary グローム・マネジメント株式会社 have determined that these outsourcing agreements lack substance and that there is no reason to pay the consideration. If a lawsuit is filed seeking payment, we intend to contest it fully.」
The litigation risk relating to outsourcing agreements with total consideration of approximately ¥100 million, and the position that the Company will contest the matter if sued, continue. - FY2025RestatedAnnual report
「The Company and its consolidated subsidiary グローム・マネジメント株式会社 have determined that these outsourcing agreements lack substance and that there is no reason to pay the consideration. If a lawsuit is filed seeking payment, we intend to contest it fully.」
The position that the Company will contest any claim for payment under the 2 unauthorized outsourcing agreements, with total consideration of approximately ¥100 million, and the continued disclosure that the litigation could affect performance remain in place. - FY2022First statedAnnual report
「It was discovered that the former Representative Director of consolidated subsidiary グローム・マネジメント株式会社 had entered into 2 outsourcing agreements, under which consolidated subsidiary グローム・マネジメント株式会社 was the contracting party, without obtaining internal approval or a resolution of the Board of Directors and without reporting the matter to the Board of Directors. The total consideration under the agreements was approximately ¥100 million.」
Two outsourcing agreements entered into without internal approval, a Board resolution, or a report to the Board of Directors were identified. The disclosure newly described the possibility of litigation and an impact on performance if payment of the approximately ¥100 million in total consideration is demanded.