Nippon Chemi-Con has booked a ¥2.04bn special loss for litigation, far below the sum its Singapore subsidiary was ordered to pay. The company's interim report for April to September says the charge equals the net assets of Singapore Chemi-Con (SCC), not the size of the judgment.
The judgment and the appeal
Dyson Manufacturing Sdn. Bhd. sued SCC at the Singapore International Commercial Court on November 29, 2024. It alleged that failure rates rose in certain products made from June 2022 and traced the fault to parts bought from SCC. On September 18, 2026, the court partly accepted SCC's case but ordered it to pay part of the damages claimed. The sum is £92,726,123, which the company puts at about ¥19.37bn. See also Earlier Tokyo Brief coverage.
SCC appealed to Singapore's appeals court on October 15, 2026. The ¥2.04bn charge is booked in case the first-instance ruling stands.
What is still open
The amount may grow. The filing says SCC's share of a further £3,131,760 (about ¥650mn) that Dyson claimed, SCC's share of Dyson's legal costs, and any interest accrued before judgment are yet to be determined. The report does not say whether the parent faces any exposure beyond the charge.
The earnings hit
The charge turned a strong operating half into a near-zero bottom line. Sales rose 21.6% to ¥78.16bn and operating profit reached ¥3.76bn, but net profit attributable to owners was ¥45mn, down 83.0%. The company cites the litigation loss among the reasons. Basic earnings per share were a loss of ¥3.52.