Human Holdings Co., the school and health care company that has plunged 10 percent since disclosing it was a client of suspended AIJ Investment Advisors Co., pledged to seek compensation for losses from the asset manager.
Human Holdings is speaking with its lawyers to see if it can claim damages for possible losses on the ¥330 million that AIJ managed for the company as of Dec. 31, Yusuke Kawashita, an executive officer, said in an interview.
The Financial Services Agency suspended AIJ for a month on Feb. 24 while it finds out what happened to the more than $2 billion in assets managed by the firm. The impact on net income from any losses on Human Holdings' investment won't exceed ¥330 million, Kawashita said, without specifying an amount or when it would book any charge.