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Sato Sho-Ji Corp announces settlement of lawsuit and expects extraordinary profit for Q3 of FY 2014

Friday, 20 Dec 2013 03:00am EST 

Sato Sho-Ji Corp:Says it has reached a settlement of a lawsuit with a Tokyo-based company Wayo Co., Ltd, regarding misconduct of the company's employee on transaction.Says the company and related parties will pay 370 million yen to Wayo on the settlement by Jan. 15, 2014 and Wayo will waive its claims.Says the companies will share the lawsuit cost.Sees extraordinary profit of 158 million yen caused by difference between the previous extraordinary loss and the actual settlement payment, for the third quarter of fiscal year ending Mar. 2014. 

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1 Sep 2015