Nishikawa Rubber Co., Ltd.
Notice Regarding Recording of Extraordinary Loss Due to Settlement Payment Agreement
An extraordinary loss due to a settlement payment of approximately 1.2 billion yen is scheduled to be recorded in the third quarter of the fiscal year ending March 2026. Related to violation of U.S. antitrust laws, a settlement payment of 7.7 million USD will be made to customers.
Key Figures
- Settlement Payment Amount: 7.7 million USD (approx. 1.2 billion yen)
- Scheduled Extraordinary Loss Recording Period: Third quarter of fiscal year ending March 2026
- Past Fine Amount: 130 million USD (approx. 13.4 billion yen)
AI要約
Overview of the Settlement Payment
Nishikawa Rubber Co., Ltd. has been negotiating damage compensation with some customers related to violations of U.S. antitrust laws, which were agreed with the U.S. Department of Justice in 2016. Considering increasing costs and business impact, it has decided to pay a settlement of 7.7 million USD (approximately 1.2 billion yen). The settlement agreement includes confidentiality provisions, and details are not disclosed.
Impact on Performance and Future Response
This settlement payment will be recorded as an extraordinary loss in the third quarter of the fiscal year ending March 2026. The impact on consolidated earnings forecasts is currently under review, and if revisions are necessary, they will be promptly disclosed.
