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Good Com Asset Co.,Ltd. ( (JP:3475) ) just unveiled an announcement.
Goodcom Asset Co., Ltd. has disclosed that it has been sued by RIBATY Co., Ltd., which is seeking approximately ¥3.7 billion in damages over failed real estate sales negotiations. RIBATY alleges that Goodcom created a legally protected expectation that a contract would be concluded and then unjustly terminated negotiations, causing financial harm. Goodcom disputes these claims, arguing that any purchase offer to RIBATY was explicitly subject to approval by its Board of Directors, that no such approval was granted, and that it therefore bears no legal responsibility for the non-formation of the contract. The company plans to contest the lawsuit vigorously and seek full dismissal of RIBATY’s claims, while pledging to provide further disclosures as the litigation progresses, an outcome that could have financial and reputational implications depending on the court’s decision.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1308.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
More about Good Com Asset Co.,Ltd.
Goodcom Asset Co., Ltd. is a listed Japanese real estate company, trading on the TSE Prime and FSE, engaged in real estate-related transactions and asset business. As a responsible listed entity, it emphasizes board-level approval for significant transactions and communicates these governance requirements to counterparties in its deals.
Average Trading Volume: 413,376
Technical Sentiment Signal: Buy
Current Market Cap: Yen38.93B
For detailed information about 3475 stock, go to TipRanks’ Stock Analysis page.