Mobile Factory announced a settlement in litigation concerning a share transfer agreement. It is expected to recognize extraordinary profit in the fiscal year ending December 2026 following receipt of the settlement payment and reversal of accrued liabilities already recorded.
Mobile Factory announced that it had reached an out-of-court settlement in litigation with Natsuki Kataoka concerning a share transfer agreement. The settlement is expected to reduce the risk of further litigation-related costs.
Under the settlement, the company will receive a settlement payment and reverse accrued liabilities already recorded, with plans to recognize extraordinary profit in the fiscal year ending December 2026.
The total extraordinary profit is expected to exceed 30% of net income attributable to owners of the parent for the previous fiscal year, and is expected to have a significant financial impact.