1. The plaintiff's claim against the main defendant B is dismissed.

2. Preliminary Defendant C Co., Ltd.

1. Basic facts

A. The Plaintiff is a person who was in office as an outside director of D Co., Ltd. (hereinafter “D”) from March 22, 2013 to March 30, 2017. E is a person who was in office as a representative director from March 30, 2012 to March 31, 2015, and F is a person who was in office as a representative director from May 29, 2015 to May 29, 2015.

The Defendants are each insurers who have concluded a liability insurance contract with D and executives, and G Co., Ltd. (hereinafter “G”) is the re-insurers who have re-insuranceed each of the above insurance contracts between D and D.

B. D’s executives and employees, including D’s window dressing accounting, etc. in 2013 and 2014, include E, from January 2013 to March 2013, 2013, recognize the progress rate of manufacturing process (i.e., cost generated / total construction cost) in the case of manufacturing industry, including ships: (i) contract amount 】 (i.e., cost generated / total construction cost) and, in cases where the estimated cost for total construction exceeds the contract amount of a ship, the amount of appropriation for construction loss liabilities should be immediately recognized as sales cost; (ii) in consideration of the fact that the estimated cost for construction loss appropriation exceeds the sales cost, the sales amount should be reduced arbitrarily from the actual cost to include the estimated cost for the projects, such as ships, offshore plant, special vessels, etc., and the amount of appropriation for construction loss appropriation liabilities, reduced the sales price by appropriating the allowance for bad debts for the bad debts related to the loans, etc. (i.e., investment and net assets related to the loans, etc.).