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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Suntory Beverage & Food Limited    2587   JP3336560002

SUNTORY BEVERAGE & FOOD LIMITED

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Suntory Beverage & Food : Court dismisses man's N100m suit against Inspector-General of Police

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05/11/2020 | 11:59pm EDT

A Federal High Court in Lagos has dismissed a suit by a businessman, John Obi, seeking N100 million in damages from the Inspector-General of Police and a firm, Suntory Beverage and Food Ltd.

Justice Ayokunle Faji held that Obi's claims lacked merit.

He also dismissed the claimant's prayer for a declaration that his alleged arrest and detention between June 6 and 7, 2018, by the Force Criminal Investigation Department (ForceCID) Alagbon, Ikoyi, Lagos, was unlawful and violated the Constitution as well as the African Charter on Human and Peoples' Rights.

The judge further declined Obi's application for an order compelling the police to refund the N6,350,000, he claimed to have been forced to pay as his bail and part of his debt settlement with Suntory Beverage and Food.

Obi, through his counsel Mrs. Funmi Falana, of Falana and Falana Chambers, had claimed that he was arrested at his business place and detained without warrant by the police at the instance of the firm.

But the judge heard testimony from the police through its counsel, Morufu Animashaun, that Obi was neither detained nor tortured.

It also received evidence from the firm through its counsel, Dipo Torhukerhijo, that Obi owed N83 million, failed to pay and, after several demands, issued dud cheques, following which the police were invited to investigate him.

'There is thus no evidence that indeed, applicant was detained from 6th June, 2018 to 7th June, 2018. The facts actually show that he was not, contrary to his own position, detained….

'The allegations of being beaten by hardened criminals does not also to my mind hold water….', Justice Faji held.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2020 1 264 B 11 757 M 11 757 M
Net income 2020 63 970 M 595 M 595 M
Net Debt 2020 44 225 M 411 M 411 M
P/E ratio 2020 20,2x
Yield 2020 1,86%
Capitalization 1 299 B 12 086 M 12 089 M
EV / Sales 2019
EV / Sales 2020 1,06x
Nbr of Employees 24 213
Free-Float 40,3%
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Number of Analysts 13
Average target price 4 802,50 JPY
Last Close Price 4 205,00 JPY
Spread / Highest target 42,7%
Spread / Average Target 14,2%
Spread / Lowest Target -2,50%
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Saburo Kogo President, CEO & Representative Director
Hideo Tsujimura Director, VP, GM-Research & Development
Yuji Yamazaki Director & Senior Managing Executive Officer
Nobuhiro Torii Director
Yukari Inoue Independent Outside Director
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