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Mitsui O.S.K.Lines (9104) · RiskAchieved

Damages Litigation and Counterclaim Against Mitsubishi Heavy Industries over a Maritime Accident

First written in FY2017-Q3. 14 of 16 entries say "Restated". Latest entry: FY2023.

16entries
7years
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ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2023-Q32017: 320172018: 320182019: 120192020: 320202021: 220212022: 220222023: 22023
Same theme, other companies
Litigation and arbitration loss risk arising from contracted operations and marine transportA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2023AchievedAnnual report

    「A settlement agreement was reached, and the group's net burden of ¥5,300 million for both actions was recognized as an extraordinary loss.」

    The damages litigation and counterclaim concerning the maritime accident involving Mitsubishi Heavy Industries,Ltd. were settled, and a net burden of ¥5.3 billion was recognized.
  2. FY2023-Q3RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  3. FY2023-Q1RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  4. FY2022-Q3RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  5. FY2022-Q2RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  6. FY2022-Q1RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  7. FY2021-Q2RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  8. FY2021-Q1RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The company reconfirmed that the damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  9. FY2020-Q3RestatedAnnual report

    「The company believes the counterclaim filed by Mitsubishi Heavy Industries,Ltd. is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company reconfirmed its existing litigation position.
  10. FY2019-Q3RestatedAnnual report

    「The company believes the counterclaim filed by Mitsubishi Heavy Industries,Ltd. is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company reconfirmed its existing litigation position.
  11. FY2019-Q2RestatedAnnual report

    「The company believes the counterclaim filed by Mitsubishi Heavy Industries,Ltd. is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company reconfirmed its existing litigation position.
  12. FY2019-Q1RestatedAnnual report

    「In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type, and the matter remains pending. The company believes the counterclaim is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company reconfirmed its existing litigation position.
  13. FY2018-Q3RestatedAnnual report

    「The company believes the counterclaim filed by Mitsubishi Heavy Industries,Ltd. is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company reconfirmed its existing litigation position.
  14. FY2018-Q2RestatedAnnual report

    「In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type, and the matter remains pending. The company believes the counterclaim is unjustified and intends to assert the validity of its position in conjunction with its original damages claim.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending, and the company's litigation position was also stated.
  15. FY2018-Q1RestatedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The damages claim and counterclaim involving Mitsubishi Heavy Industries,Ltd. remain pending.
  16. FY2017-Q3First statedAnnual report

    「On 10 January 2014, the company filed an action with the Tokyo District Court against Mitsubishi Heavy Industries,Ltd. seeking compensation for losses incurred in connection with a maritime accident involving a vessel built by the company. In response, Mitsubishi Heavy Industries,Ltd. filed a counterclaim seeking payment from the company for work to strengthen the hull of a vessel of the same type. The matter remains pending.」

    The disclosure states that the damages claim arising from the maritime accident and the counterclaim concerning payment for hull-strengthening work remain pending.
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