Toa Road Corporation
Notice Regarding Settlement of Shareholder Derivative Lawsuit
Regarding the shareholder derivative lawsuit, a settlement was reached whereby the defendants shall jointly pay 50 million yen to the joint litigants by March 31, 2026. The special profit is expected to be recorded in the fiscal year ending March 2026.
Key Figures
- Settlement Amount: 50 million yen (Settlement Sum)
- Surcharge Payment Order Amount: 2,170.7 million yen (Surcharge from the Fair Trade Commission)
- Special Profit Recognition Period: Fiscal Year Ending March 2026 (Period for Recording Settlement Amount)
AI要約
Overview of the Settlement
The Company had been subject to a shareholder derivative lawsuit related to violations of the Antimonopoly Act concerning the pricing of asphalt mixture sales before January 27, 2015. A settlement has now been reached among the plaintiffs, the defendants (nine individuals excluding Mr. Shintani), and the joint litigants, including the Company. The defendants acknowledge their joint and several liability to pay 50 million yen by March 31, 2026. Each party will bear their own litigation costs, and the details will be promptly disclosed following the settlement.
Future Outlook
Through this settlement, the Company expects to receive 50 million yen as a settlement amount and plans to record it as special profit in the fiscal year ending March 2026, excluding attorney fees and other expenses. While this will have a certain impact on the Company’s financial condition, it is anticipated to reduce litigation risk.
