ImageONE Co., Ltd.
Notice Regarding the Decision on Litigation Strategy
Based on the Independent Committee's report, the Board of Directors has decided on a litigation strategy to seek damages of 195 million yen from a former representative director. The litigation will be filed in the Tokyo District Court as soon as preparations are complete. The Audit Committee plans to pursue the representative litigation. Estimated costs are about 7 million yen. Future accounting treatment will be discussed with the auditing firm.
Key Figures
- Claim amount 195 million yen
- Litigation-related expenses approx. 7 million yen
- Timing: to be filed as soon as preparations are complete at the Tokyo District Court
AI要約
Litigation Strategy and Background
The Board of Directors has decided to file a damages claim lawsuit against former representative director Jun Shimaoka based on Corporate Law Article 423, Paragraph 1. Built on the investigation report of the Independent Committee, the company will pursue accountability based on issues in duties and preventive measures, aiming to strengthen governance. The Audit Committee plans to pursue the lawsuit on behalf of the company.
Outlook and Financial Impact
The filing timing will be promptly announced as soon as preparations are complete. Accounting treatment will be handled appropriately in consultation with the auditing firm. If specific information about filing becomes available, it will be disclosed promptly. Litigation costs are expected to be about 7 million yen.
ImageONE Co., Ltd.
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