Litigation and damages claim risk
First written in FY2018. 2 of 3 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Sg Holdings moved to the "Worse" side of this theme in 2026.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「EFL India, the Company's consolidated subsidiary, received a tax reassessment notice from the Indian tax authorities demanding payment of 3,367 million Indian rupees for goods and services tax, related interest, additional tax and other amounts (equivalent to ¥5,758 million at the exchange rate at the end of the fiscal year).」
Regarding litigation and damages claim risks, EFL India received a tax reassessment notice from the Indian tax authorities equivalent to ¥5,758 million and subsequently filed a lawsuit with a local High Court. - FY2020-Q2DroppedAnnual report
「A settlement with the plaintiff based on mediation was reached in this lawsuit on 26 September 2019. As a result, the risk related to this lawsuit described under “(14) Litigation and Other Legal Proceedings” in the annual securities report for the previous fiscal year has been eliminated.」
Expolanka USA LLC reached a settlement based on mediation, eliminating the risk related to this lawsuit. A litigation settlement payment of ¥724 million was also recorded. - FY2018MaterialisedAnnual report
「Expolanka USA LLC, the Company's consolidated subsidiary, is currently facing a lawsuit in New Jersey brought by a competitor seeking damages and other relief in connection with its employment of a former employee of that competitor.」
In addition to general litigation risks, it is stated that Expolanka USA LLC is actually facing litigation.