Nikkiso Co., Ltd.
(Disclosure of Progress) Tokyo High Court Appeal Judgment Regarding Tax Adjustment Based on the Tax Haven Countermeasures Act
Nikkiso Co., Ltd. disclosed on January 29, 2026, that its claim was not upheld in the Tokyo High Court appellate judgment regarding the lawsuit to cancel the tax adjustment under the Tax Haven Countermeasures Act.
Key Figures
- Appellate Decision Date: 2026-01-29
- Initial Tax Adjustment Notice Receipt Date: 2021-07-08
- Tokyo District Court Judgment Date: 2025-05-16
AI要約
Summary of Progress
As disclosed by Nikkiso Co., Ltd. on August 16, 2021, the company received a tax adjustment related to the 2018 fiscal year business income amount due to failure to meet exclusion requirements of the Tax Haven Countermeasures Act for three foreign subsidiaries within the consolidated subsidiary group. In response, the company filed a cancellation lawsuit with the Tokyo District Court; however, on May 16, 2025, the claim was rejected. Subsequently, on May 29 of the same year, an appeal was filed to the Tokyo High Court, but today, January 29, 2026, the appellate court also delivered a judgment rejecting the claim.
Future Outlook
The company finds it difficult to accept the judgment content and will consider future measures after careful review. It is stated that should any disclosable events occur, notification will be made promptly. For investors, the materialization of tax risk and the company's future response policy are of interest, but the document does not specify any amounts or impacts.
