Litigation Risk Related to Business Operations
First written in FY2016. 2 of 5 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2025.
- FY2025RestatedAnnual report
「There are currently no lawsuits filed that could affect the Group’s performance. However, if a counterparty initiates legal proceedings in connection with various contracts and other agreements entered into in the course of the Group’s business activities due to an unexpected event or other circumstance, substantial costs could arise and the Group’s business activities could be disrupted.」
While stating that there are currently no lawsuits, the disclosure reconfirms the possibility of legal proceedings, costs and business disruption arising from contracts and other agreements. - FY2022-Q2MaterialisedAnnual report
「Litigation-related losses － 256」
Litigation-related losses of ¥256 million were recorded as an extraordinary loss, updating the track record of litigation risk materializing. - FY2022-Q1MaterialisedAnnual report
「Provision for litigation losses － 200」
In the first quarter under review, ¥200 million was recorded as an extraordinary loss for the provision for litigation losses in connection with litigation risk relating to business operations. The risk has materialized as a recorded provision. - FY2017Additional contractual risk relating to representations and warrantiesAnnual report
「Among the various agreements and other contracts entered into in connection with the transfers of subsidiaries and businesses carried out to date, there are some that require representations and warranties from the Company.」
In addition to the existing possibility of litigation, unexpected events relating to representations and warranties under subsidiary and business transfer agreements are identified as a specific risk. - FY2016First statedAnnual report
「There are currently no lawsuits filed that could affect the Group’s performance. However, we recognize that litigation risk relating to business operations is always present.」
While stating that there are currently no lawsuits, the disclosure explicitly identifies the risk of future litigation.