Central Security Patrols Co., Ltd.
Notice on the Resolution of the Lawsuit for Damages Through Settlement
Settlement of the lawsuit has been reached. Opponents are Sompo Japan Insurance Co., Ltd. and Tokio Marine & Nichido Fire Insurance Co., Ltd. A settlement amount of 4.50 billion yen will be paid, and it is planned to be recognized as a special loss in the second quarter of the fiscal year ending February 2027. Earnings guidance is under review.
Key Figures
- Settlement amount: 4億5000万円
- Timing of recognizing as a special loss: Fiscal 2Q 2027 quarterly results
- Counterparties: Sompo Japan Insurance Co., Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd.
AI要約
Background of settlement and counterparties
Regarding the insurance subrogation-based damages claim filed on October 19, 2023, a settlement has been reached with Sompo Japan Insurance Co., Ltd. and Tokio Marine & Nichido Fire Insurance Co., Ltd.
Details of the settlement
Central Security Services will pay 450,000,000 yen to the counterparties, and both sides confirm that there are no other rights or obligations beyond the settlement terms. Going forward, the settlement funds are planned to be recognized as a special loss, but earnings guidance is under review. If any new facts requiring disclosure arise, they will be disclosed promptly.
Central Security (Central Security Services) Co., Ltd.
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