Nihon Nohyaku Co., Ltd. TSE:4997

Nihon Nohyaku : Notice Regarding Judgment in Damages Claim against Our Consolidated Subsidiary and Our Decision to Appeal

Published

Source: MarketScreener

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.



June 24, 2025

To whom it may concern

Company name: NIHON NOHYAKU CO., LTD. Representative: Hiroyuki Iwata, Representative

Director, President

(Stock Exchange Code: 4997, Prime Market of the Tokyo Stock Exchange)

Contact: Masaki Yoshioka, General Manager of General Affairs & Legal Department (TEL: +81-570-09-1177)

Notice Regarding Judgment in Damages Claim against Our Consolidated Subsidiary and Our Decision to Appeal

NIHON NOHYAKU CO., LTD. (the "Company") hereby announces that judgment was given on a claim for damages filed against Sipcam Nichino Brasil S.A. ("SNB"), a consolidated subsidiary of the Company, and that it was resolved at the Board of Directors meeting held today that the Company shall appeal against the judgment as described below. The litigation, filed by FMC QUÍMICA DO BRASIL LTDA. ("FMC"), is regarding an incident in which heavily armed robbers stole products that SNB had been packaging in fulfillment of a contract with FMC.

  1. Summary of the litigation and judgment

    On July 26, 2023, a heavily armed robbery took place at SNB during which products that SNB had been packaging in fulfillment of a contract with FMC were stolen. In response, FMC filed a claim for damages of 45 million reals against SNB on October 10, 2023. On May 14, 2025, the court ordered SNB to pay 45 million reals along with interest on this amount and the cost of the lawsuit.

  2. Details of the plaintiff

    Name: FMC QUÍMICA DO BRASIL LTDA.

    Address: Avenida Doutor José Bonifácio Coutinho Nogueira, No. 150, Commercial Complexes 103, 105, 107, 108 and 109, Jardim Madalena District, in the municipality of Campinas, State of São Paulo, CEP 13091-611

    Representative: CEO Renato de Almeida Guimaraes

  3. Future outlook

The Group has decided to appeal against the judgment, based on the understanding that there are differences in opinions regarding the contractual scope of liabilities.

At the moment, it cannot be ruled out that the litigation may have an impact on our financial position and operating results, depending on the developments of the appeal hearing and court decisions. Nevertheless, it is difficult to reasonably estimate whether we will be held liable for the damages and the amount we will have to pay. We will promptly announce any matters that require disclosure if they arise in the future