NISSAN TOKYO SALES HOLDINGS CO.,LTD. [8291.T]
TOKYO, Apr 24 (Pulse News Wire) – Nissan Tokyo Sales Holdings CO.,LTD. (8291.T) reported today that its board of directors rejected a shareholder lawsuit filed against seven current and former executives related to a land acquisition transaction with major shareholder Nissan Network Holdings Corp.
In March 2025. The lawsuit sought damages totaling [¥4.146 billion] and late payment penalties. Following a thorough investigation involving document review, interviews with relevant personnel, external expert analysis, and legal consultation, the audit committee concluded there was no breach of fiduciary duty under the Companies Act.
As such, the company decided not to pursue legal action against the targeted executives. In accordance with Article 847, Paragraph 4 of the Companies Act, Nissan Tokyo Sales Holdings informed the shareholder who initiated the suit that the company would not file a complaint. A notification detailing the reasons for non-filing was sent to the shareholder.
This decision follows receipt of a formal request dated February 27, 2026, from the shareholder seeking legal action against the executives involved in the land purchase deal.
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