Toa Road Corporation
Notice Regarding Settlement of Shareholders’ Derivative Lawsuit
Regarding the shareholders' derivative lawsuit, the defendant and former director Mr. Shintani has acknowledged the payment of a settlement amounting to 21 million yen to Toa Road Corporation, which is expected to be recorded as a special profit in the fiscal year ending March 2027.
Key Figures
- Settlement Amount: 21 million yen (payment obligation of defendant Mr. Shintani)
- Surcharge Payment Order Amount: 2,170.7 million yen (order from the Fair Trade Commission)
- Damage Compensation Claim Amount: 1,145.64 million yen and delayed damages (claimed by the company from the former director)
AI要約
Overview of the Settlement
Toa Road Corporation had been subject to a shareholders' derivative lawsuit concerning violations of the Anti-Monopoly Act related to the pricing of asphalt mixture sales before January 27, 2015. However, on January 21 and April 14, 2026, a settlement was reached among the plaintiffs, defendants, and joint litigants including our company. Defendant and former director Akira Shintani acknowledged his obligation to pay a settlement amount of 21 million yen to the company, to be paid by May 15, 2028.
Future Outlook
Through this settlement, the company expects to receive a settlement amount of 21 million yen, which, excluding legal fees, will be recorded as a special profit in the fiscal year ending March 2027. The defendant has also committed not to be employed by any company within the Toa Road Group. Litigation costs will be borne individually.
