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Miroku Jyoho Service Co., Ltd Announces Lawsuit Settlement; Announces Extraordinary Loss for FY 2013

Thursday, 21 Feb 2013 02:30am EST 

Miroku Jyoho Service Co., Ltd announced the settlement of the lawsuit, which was filed by PFU LIMITED, against the Company and its subsidiary, demanding the payback of trading value in total price of JPY 4,040,139,390, which was caused by the severance, from the Company and its Tokyo-based subsidiary on December 28, 2007. The Company will pay JPY 500 million to PFU for the settlement. As a result, the Company will record a JPY 500 million extraordinary loss on the settlement payment, for the fiscal year ending March 2013. 

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