Leopalace21 (JP:8848) has released an update.
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Leopalace21 Corporation has announced a favorable judgment from the Tokyo District Court regarding a lawsuit filed by Amakusa Unso Co., Ltd. The court dismissed Amakusa’s claims that a loan agreement was fictitious and confirmed that the related debt and accounts receivable were extinguished due to the statute of limitations. This decision is reported to have no impact on the company’s consolidated financial results.
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