Source disclosure: January 29, 2026
NIKKISO CO.,LTD. [6376.T]
TOKYO, Jan 29 (Pulse News Wire) – Nikkiso CO.,LTD. (6376.T) received an unfavorable judgment from the Tokyo High Court today, rejecting its appeal against a tax correction decision made by the Tokyo Regional Tax Bureau in August 2021.
The dispute involves three foreign subsidiaries of the Clean Energy & Industrial Gas Group (CE&IG Group), which were found not to meet the application criteria for exemption from certain tax requirements. As a result, Nikkiso International Co., Ltd., the parent company of these foreign subsidiaries, faced corrections to its fiscal year 2018 operating income. In July 2021, Nikkiso received a notice of correction from the Tokyo National Taxation Office. Following this, the company filed a request for review with the National Tax Tribunal in October 2021, which was rejected in September 2022.
Subsequently, Nikkiso initiated legal action in February 2023, filing a lawsuit with the Tokyo District Court. Although the Tokyo District Court ruled against Nikkiso in May 2025, the company appealed to the Tokyo High Court. However, the high court also dismissed Nikkiso's appeal. Despite the adverse ruling, Nikkiso remains unconvinced by the decision and plans to thoroughly examine the judgment before determining its next course of action.
The company stated that it will promptly disclose any significant developments related to this matter.
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