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JINUSHI Faces Lawsuit from BALM Over Lease Penalties

Story Highlights
  • JINUSHI Co., Ltd. faces a lawsuit from BALM Co., Ltd. over lease penalties.
  • The lawsuit seeks a judgment on the non-existence of obligations for penalties claimed by JINUSHI.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JINUSHI Faces Lawsuit from BALM Over Lease Penalties

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JINUSHI Co.,Ltd. ( (JP:3252) ) has issued an announcement.

JINUSHI Co., Ltd. has announced that BALM Co., Ltd. has filed a lawsuit against it in response to JINUSHI’s claims for penalties due to breaches of contractual provisions related to fixed-term land leases. The lawsuit, filed in the Tokyo District Court, seeks a declaratory judgment on the non-existence of obligations for the penalties claimed by JINUSHI, which amount to 5,589 million yen. JINUSHI plans to respond appropriately and substantiate the legitimacy of its claims.

More about JINUSHI Co.,Ltd.

Average Trading Volume: 91,585

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen46.98B

For an in-depth examination of 3252 stock, go to TipRanks’ Stock Analysis page.

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