LuckLand Co., Ltd.
Notice on the settlement of civil mediation regarding damages claims against the former representative director and policy on pursuing responsibility toward other directors at that time
Civil mediation concerning damages claims against the former representative director has been established. The mediation plan acknowledges payment of the full amount of 130 million yen; remaining claims will be waived. Going forward, the company has decided to suspend claims against other directors at that time. A special profit is expected to be recorded for the 2026 December quarter, but currently only the collection amount is determined, with limited impact on earnings.
Key Figures
- 130,000,000 yen: Settlement money from mediation
- 1,115,026,623.6 yen: Total claims (including mediation costs)
- Special profit: to be recorded in the third quarter of the 2026 fiscal year
AI要約
Establishment of mediation and damages payment
The company resolved and established the civil mediation process to settle the damages claim against the former representative director, Mr. Mochizuki. The mediation plan requires Mr. Mochizuki to pay 130 million yen in a lump sum by October 30, 2026, and the company will waive the remaining claims. In light of findings by the Special Investigation Committee, the amount was calculated to ensure fair sharing. In addition, claims against other directors at that time are suspended as a condition of this mediation; they may be reconsidered in the future.
Impact on future earnings and internal controls
The financial impact of the mediation will be recorded as special profit in the third-quarter of the 2026 fiscal year. Restatements of prior years have already been processed, so there is no additional impact. The company will continue to rebuild internal controls and governance by steadily implementing existing improvement measures, aiming to prevent recurrence and restore trust.
LuckLand Co., Ltd.
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