Litigation risk arising from outsourced services and other operations
First written in FY2016. 5 of 9 entries say "Restated". Latest entry: FY2026.
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- FY2026MaterialisedAnnual report
「The provision for litigation losses increased by ¥1.1 billion.」
In relation to ongoing arbitration concerning the maritime transportation contract, a provision for litigation losses of ¥1.1 billion was recognized on the consolidated balance sheet, confirming the materialization of litigation and arbitration risk as an accounting provision. - 2026-05-13MaterialisedEarnings
「Provision for litigation loss — 1,100」
A provision for litigation losses of ¥1.1 billion was recorded for the fiscal year ending March 2026 in connection with ongoing arbitration and damages claims relating to a maritime transportation project. - FY2026-H1RestatedAnnual report
「As of the filing date, in relation to a maritime transportation contract undertaken in June 2020, the Company has received a claim for damages of approximately ¥1.2 billion, representing the difference from the contracted freight rate, from the customer on the grounds of breach of contract, and has been served with an application for maritime arbitration. In response, on the grounds that the contract was terminated without the Company's agreement, the Company has claimed approximately US$8 million in dead freight from the counterparty under the contract, equivalent to approximately ¥1.2 billion at the exchange rate on the date of the application, and has filed an application for maritime arbitration. The Company will continue to assert the validity of its position through the arbitration proceedings.」
The damages claim of approximately ¥1.2 billion from the counterparty in relation to the maritime transportation contract, and the Company's claim for approximately US$8 million in dead freight and the arbitration proceedings, are continuing. - FY2024-Q3RestatedAnnual report
「As of the filing date, in relation to a maritime transportation contract undertaken in June 2020, the Company has received a claim for damages of approximately ¥1.2 billion, representing the difference from the contracted freight rate, from the customer on the grounds of breach of contract, and has been served with an application for maritime arbitration. In response, on the grounds that the contract was terminated without the Company's agreement, the Company has claimed approximately US$8 million in dead freight from the counterparty under the contract, equivalent to approximately ¥1.2 billion at the exchange rate on the date of the application, and has filed an application for maritime arbitration. The Company will continue to assert the validity of its position through the arbitration proceedings.」
The damages claim of approximately ¥1.2 billion from the counterparty in relation to the maritime transportation contract, and the Company's claim for approximately US$8 million in dead freight and the arbitration proceedings, are continuing. - FY2024-Q2RestatedAnnual report
「As of the filing date, in relation to a maritime transportation contract undertaken in June 2020, the Company has received a claim for damages of approximately ¥1.2 billion, representing the difference from the contracted freight rate, from the customer on the grounds of breach of contract, and has been served with an application for maritime arbitration. In response, on the grounds that the contract was terminated without the Company's agreement, the Company has claimed approximately US$8 million in dead freight from the counterparty under the contract, equivalent to approximately ¥1.2 billion at the exchange rate on the date of the application, and has filed an application for maritime arbitration.」
The damages claim of approximately ¥1.2 billion from the counterparty in relation to the maritime transportation contract, and the Company's claim for approximately US$8 million in dead freight and application for arbitration, continue to be disclosed. - FY2024-Q1MaterialisedAnnual report
「As of the filing date, in relation to a maritime transportation contract undertaken in June 2020, the Company has received a claim for damages of approximately ¥1.2 billion, representing the difference from the contracted freight rate, from the customer on the grounds of breach of contract, and has been served with an application for maritime arbitration. In response, on the grounds that the contract was terminated without the Company's agreement, the Company has claimed approximately US$8 million in dead freight from the counterparty under the contract, equivalent to approximately ¥1.2 billion at the exchange rate on the date of the application, and has filed an application for maritime arbitration.」
In relation to a maritime transportation contract, the Company received an application for arbitration concerning a damages claim of approximately ¥1.2 billion from the customer, and also filed for arbitration while claiming approximately US$8 million in dead freight. - FY2020RestatedAnnual report
「In addition to complying with the laws and regulations applicable to our business, we seek to prevent disputes by clarifying contractual terms and consulting with the other parties involved.」
The preventive policy for litigation and damages risks, consisting of legal compliance, clarification of contractual terms and consultation with counterparties, continues to be maintained. - FY2018RestatedAnnual report
「If an unexpected trouble or problem occurs, the Group may be subject to claims for damages arising from it, regardless of whether the Group is at fault, or may face litigation.」
Risks of damages claims and litigation arising from entrusted operations and other activities continue to be disclosed. - FY2016First statedAnnual report
「If an unexpected trouble or problem occurs, the Group may be subject to claims for damages arising from it, regardless of whether the Group is at fault, or may face litigation.」
It states that the nature of the litigation, the amount of damages and the outcome may affect the Group's reputation, operating performance and financial position.