Domestic and Overseas Legal, Regulatory and Litigation Risks
First written in FY2016. 4 of 10 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 22 of 71 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「On 17 July 2025, the Supreme Court issued decisions dismissing the respective final appeals and refusing to accept the petitions for acceptance of the final appeals. The appellate judgment dated 21 March 2024 thereby became final, and the litigation concluded.」
The litigation concerning the fifth PNET migration project concluded following the Supreme Court's decisions, with all of JPiT's claims for damages dismissed. In the Credit Suisse litigation, a judgment dismissing the plaintiffs' claims was also issued in October 2025, reducing part of the legal and litigation risk. - FY2023-Q2MaterialisedAnnual report
「On 9 September 2022, the Tokyo District Court rendered a judgment ordering JPiT to pay SoftBank Corp. ¥1,921 million in compensation and other amounts relating to additional services, plus damages for delay, and SoftBank Corp. to pay JPiT ¥10,854 million in damages, plus damages for delay.」
A judgment was rendered in litigation concerning the fifth PNET migration project, and ¥18,522 million in damages and other amounts, net of offsetting, was provided for. Legal and litigation risk materialized as an expense. - FY2021-Q3MitigatedAnnual report
「On 14 December 2020, the Delaware Court of Chancery granted SoftBank Group Corp.'s motion to dismiss the plaintiffs' claims alleging breach of fiduciary duty.」
In the WeWork tender offer litigation, the company's motion to dismiss the plaintiffs' claims concerning breach of fiduciary duty was granted, reducing part of the litigation risk. However, this did not indicate that the litigation as a whole had ended. - FY2021-Q1MaterialisedAnnual report
「On 7 April 2020, the Special Committee of WeWork's Board of Directors filed a complaint against SoftBank Group Corp. and SoftBank Vision Fund (AIV M1) L.P., alleging that the cancellation of the proposed tender offer for up to $3 billion of WeWork shares held by shareholders other than the company constituted breaches of contract and fiduciary duty.」
Legal and litigation risk relating to an investee materialized as litigation over the cancellation of the WeWork tender offer. - FY2020-Q2WorsenedAnnual report
「Sprint billed monthly subsidies for subscribers whose communications contracts did not meet Sprint's eligibility requirements under the Lifeline program. Upon recognizing the issue, Sprint immediately investigated it and proactively reported the issue to the U.S. Federal Communications Commission (FCC) and the appropriate state regulators. Sprint modified the system's functionality and assessed the impact of the changes. As a result, Sprint may be required to pay fines and penalties. Sprint also committed to returning to the federal and state governments subsidies it had received improperly as a result of the system issue, and recorded an estimate of the refund for the three months ended 30 September 2019.」
It was discovered that subsidies had been billed for ineligible subscribers under the Lifeline program. The company disclosed system modifications, an estimated provision for the repayment of subsidies, and the possibility of fines and penalties. - FY2020-Q1MaterialisedAnnual report
「On 22 April 2019, a person claiming to be a Sprint shareholder filed a shareholder derivative lawsuit in the U.S. District Court for the Southern District of New York against Sprint and two of its executive officers.」
A shareholder derivative lawsuit was filed over disclosures concerning Sprint's net additions of postpaid subscribers. The Meneses lawsuit was voluntarily withdrawn on 24 June 2019. - FY2019-Q3MaterialisedAnnual report
「As a result, Sprint recorded an additional $50 million in litigation costs for the three months ended 31 December 2018.」
In connection with the settlement of tax litigation with New York State, Sprint recorded an additional $50 million in litigation costs. Legal and litigation risk materialized as an expense. - FY2018MitigatedAnnual report
「The plaintiffs appealed to the Delaware Supreme Court, but on 23 April 2018, the court issued a ruling fully upholding the lower court’s decision.」
The plaintiffs’ appeal in the Clearwire-related litigation was fully rejected, partially reducing the litigation risk. - FY2018-Q2Partial litigation victory; appeal ongoingAnnual report
「On 21 July 2017, the court ruled in favor of Sprint Communications in both lawsuits. The court found that Sprint Communications had not breached its fiduciary duties and determined the value of Clearwire shares under Delaware law to be $2.13 per share plus statutory interest. The plaintiffs appealed.」
Although Sprint prevailed in the Clearwire-related litigation, the plaintiffs’ appeal remains ongoing. - FY2016First statedAnnual report
「The Group conducts business and investments under laws, regulations and systems covering a broad range of areas in various countries and is directly or indirectly affected by them.」
Regulations covering telecommunications, advertising, e-commerce, gaming, energy, robotics, finance and payments, among other areas, were listed, and a provision of USD 180 million was recorded in connection with Sprint-related litigation.