FilingReader Intelligence

Kajima Corporation appeals antimonopoly ruling to Supreme Court

June 2, 2025 at 07:27 AM UTCBy FilingReader AI

** Kajima Corporation (TSE:1812) announced today that it has filed a final appeal and a petition for acceptance of the final appeal with the Supreme Court of Japan. This action follows a previous ruling by the Tokyo High Court on May 15, 2025, which dismissed Kajima's appeal against a cease and desist order issued by the Japan Fair Trade Commission. The order concerns a construction project related to the Linear Chuo Shinkansen led by Central Japan Railway Company. Kajima maintains that its actions did not violate the Antimonopoly Act, arguing that the element of “competition” was non-existent in this case. The company expressed disappointment that its arguments were not affirmed in the High Court. While Kajima acknowledges the concern this situation may cause to its stockholders, customers, and stakeholders, it believes the issue will only have a minor impact on financial performance. As such, the company is not revising its consolidated financial results forecast for the fiscal year ending March 31, 2026, which was announced on May 14, 2025. The company requests continued support and understanding from its stakeholders as it pursues this final legal avenue.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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