Toyo Engineering Corporation has been sued by Aoki Asunaro Construction Company in Tokyo District Court regarding additional costs related to a petrochemical plant construction project. The plaintiff is claiming 4,958,754,653 yen for additional expenses incurred during subcontracted work. The company states it will assert its legal position and that the impact on financial results is expected to be immaterial at this time.
¥5.0bn
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Summary
Toyo Engineering Corporation has been sued by Aoki Asunaro Construction Company in Tokyo District Court regarding additional costs related to a petrochemical plant construction project. The plaintiff is claiming 4,958,754,653 yen for additional expenses incurred during subcontracted work. The company states it will assert its legal position and that the impact on financial results is expected to be immaterial at this time.
Counterparty: 青木あすなろ建設株式会社 (Aoki Asunaro Construction Company)