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Favorina Holdings Co Ltd Announces Settlement of Provisional Disposal in Subsidiary; Announces Extraordinary Loss for FY 2013

Friday, 14 Jun 2013 04:00am EDT 

Favorina Holdings Co Ltd announced that on June 14, 2013 its subsidiary FAVORINA Co., Ltd. has reached a settlement on the provisional disposal filed by an Osaka-based company to Osaka District Court on January 4, 2013, for the violation of transaction agreement of the subsidiary. For the settlement, FAVORINA will pay JPY 3 million to the Osaka-based company. As a result, the Company will record a JPY 3 million extraordinary loss for the fiscal year ending September 2013. 

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27 Nov 2014