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Kinki Nippon Tourist Co., Ltd. Announces Verdict of Osaka High Court; Expects Extraordinary Profit and Loss for Q2 of FY 2012
Kinki Nippon Tourist Co., Ltd. announced that Osaka High Court has announced the verdict of the lawsuit filed by ONTEX INC. against the Company. Osaka High Court requested the Company to pay a damage of JPY 185,878,972 and a delayed damages of JPY 37,120,000. Due to this development the Company is expecting an extraordinary loss of JPY 223 million, for the second quarter of fiscal year ending December 2012. The Company is also expecting an extraordinary profit of JPY 122 million, as gain on reception of damage pay for the nuclear accident happened in Fukushima, Japan, for the second quarter of fiscal year ending December 2012.
Latest Developments for KNT-CT Holdings Co Ltd
- Kinki Nippon Tourist Co Ltd Announces Change of Parent Company
- Kinki Nippon Tourist Co Ltd Expects Extraordinary Loss for FY 2012
- Kinki Nippon Tourist Co Ltd Amends Consolidated Full-year Outlook for FY 2012
- Kinki Nippon Tourist Co Ltd Appoints Chairman and President; to Change Company Name; Announces Partial Change to Article of Incorporation of Authorized Share Number
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