Losses and Provisions Related to Litigation Involving Japan Post Information Technology
First written in FY2023-Q2. 2 of 5 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026-H1.
SoftBank Corp. moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 8 of 16 companies on the "Worse" side.
17 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「On 17 July 2025, the Supreme Court issued decisions dismissing the respective appeals and refusing to accept the petitions for acceptance of appeals. The appellate judgment of 21 March 2024 therefore became final, bringing the litigation to an end. As a result, JPiT's obligation to pay the Company ¥65 million in additional-service fees, plus late-payment damages, became final, while all of JPiT's claims for damages against the Company and NRI were dismissed.」
The JPiT litigation ended following the Supreme Court's decisions, confirming JPiT's obligation to pay the Company ¥65 million in additional-service fees and other amounts, while all of JPiT's claims for damages were dismissed. - FY2024MitigatedAnnual report
「On 21 March 2024, the same court issued a judgment ordering JPiT to pay the Company ¥65 million in fees and other amounts for additional services, plus late-payment damages, while dismissing all of JPiT's claims.」
In the JPiT litigation, the Tokyo High Court dismissed all of JPiT's claims, and the Company reversed the ¥19,176 million provision for damages and late-payment damages recorded in the previous year. However, the Company and JPiT have each filed appeals and other proceedings with the Supreme Court. - FY2023WorsenedAnnual report
「As of 31 March 2023, the Company had recorded a total of ¥19,176 million, comprising ¥8,984 million in damages, net of the amount of the receivable recognised under the judgment, and ¥10,192 million in late-payment damages, as current provisions in the consolidated statement of financial position.」
Although the JPiT litigation remained under appeal, current provisions increased from ¥18,853 million to ¥19,176 million, and the damages and late-payment damages were also recognised in profit or loss. - FY2023-Q3MaterialisedAnnual report
「Although the Company appealed the judgment to the Tokyo High Court on 22 September 2022, as of 31 December 2022 it had recorded a total of ¥18,853 million, comprising ¥8,984 million in damages, net of the amount of the receivable recognised under the judgment, and ¥9,869 million in late-payment damages, as current provisions in the condensed interim consolidated statement of financial position. For the 9-month period ended 31 December 2022, the ¥8,984 million in damages was recorded under other operating expenses and the ¥9,869 million in late-payment damages under finance costs in the condensed interim consolidated statement of income.」
Although the Company has appealed the JPiT litigation, it recorded total damages and late-payment damages of ¥18,853 million as current provisions and reflected them in profit or loss. - FY2023-Q2MaterialisedAnnual report
「Subsequently, on 9 September 2022, the Tokyo District Court issued a judgment ordering JPiT to pay the Company ¥1,921 million in fees and other amounts for additional services, plus late-payment damages, and ordering the Company to pay JPiT ¥10,854 million in damages, plus late-payment damages. The Company appealed the judgment to the Tokyo High Court on 22 September 2022. However, for the 3-month period ended 30 September 2022, the Company recorded a total of ¥18,522 million, comprising ¥8,984 million in damages, net of the amount of the receivable recognised under the judgment, and ¥9,538 million in late-payment damages, as current provisions in the condensed interim consolidated statement of financial position.」
The Tokyo District Court issued a judgment in the litigation concerning the communications network migration project with JPiT. Although the Company has appealed, it recorded total damages and late-payment damages of ¥18,522 million as current provisions.