CENTRAL SECURITY PATROLS CO.,LTD. [9740.T]
TOKYO, Apr 21 (Pulse News Wire) – Central Security Patrols CO.,LTD. (9740.T) announced today that it has reached a settlement with Aioi Nissay Dowa Insurance Co., Ltd.
Regarding a damage compensation lawsuit initiated on September 12, 2023. Under the terms of the agreement, Central Security Patrolls will pay ¥148,900,000 to Aioi Nissay Dowa Insurance. Both parties confirmed that there are no further claims beyond this payment. The lawsuit was originally filed based on insurance subrogation rights and had been under review by the Tokyo District Court since its initiation.
The settlement concludes a legal process that began with the filing of the lawsuit on September 12, 2023. The case involved a claim for damages related to insurance subrogation. The court proceedings were ongoing until the resolution was achieved today. Regarding future impacts, the company stated that the costs associated with this settlement will have a minor effect on its fiscal year ending February 2027 performance.
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