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 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Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-04-15","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/1882-20260415-01.pdf","jir_short_summary":"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.","jir_summary":"### Overview of the Settlement\nToa 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.\n\n### Future Outlook\nThrough 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.","jir_financial_highlights":"Settlement Amount: 21 million yen (Unknown)\nSurcharge Payment Order Amount: 2,170.7 million yen (Unknown)\nDamage Compensation Claim Amount: 1,145.64 million yen and delayed damages (Unknown)","jir_category":"","jir_hashtags":"#ToaRoadCorporation, #ShareholdersDerivativeLawsuit, #GeneralIR","jir_key_figures":"Settlement Amount: 21 million yen (payment obligation of defendant Mr. Shintani)\nSurcharge Payment Order Amount: 2,170.7 million yen (order from the Fair Trade Commission)\nDamage Compensation Claim Amount: 1,145.64 million yen and delayed damages (claimed by the company from the former director)","jir_meta_title":"[Toa Road Corporation] Scheduled to Receive 21 Million Yen Settlement from Shareholders' Derivative Lawsuit\uff5cApril 2026","jir_meta_description":"Toa Road Corporation has reached a settlement in the shareholders' derivative lawsuit with former director Mr. Shintani and is scheduled to receive a 21 million yen settlement amount, expected to be recorded as a special profit in the fiscal year ending March 2027.","jir_og_title":"[Toa Road Corporation] Scheduled to Receive 21 Million Yen Settlement from Shareholders' Derivative Lawsuit","jir_og_description":"Toa Road Corporation plans to receive a settlement amount of 21 million yen from the defendant former director following the settlement of the shareholders' derivative lawsuit, to be recorded as a special profit in fiscal year ending March 2027.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16726,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-40831","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n