Concentration of Singapore- and Cyprus-Related Loan Receivables and Changes in Collateral Values
First written in FY2017-Q2. 9 of 24 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-14.
No other company in this theme has enough history to compare yet.
- FY2021RestatedAnnual report
「The GLH lending transactions identified by the Thai SEC were fully recognized as losses in the fiscal year ended March 2018, when the issue came to light, but an investigation by the Special Investigation Bureau of Thailand's Ministry of Justice (the Thai DSI) is continuing.」
The company continues to explain that the related loan receivables have been fully recognized as losses, while the Thai DSI investigation is continuing. - FY2021-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,196 million in loan principal (operating loans) (¥5,924 million at the end of the previous consolidated fiscal year) and ¥274 million in accrued interest (other current assets) (¥262 million at the end of the previous consolidated fiscal year). A ¥6,470 million allowance for loan losses (¥6,187 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The related loan receivables and full allowance increased year on year, while the loan principal, accrued interest and allowance decreased slightly from the end of the previous quarter. Legal action to demand repayment and dispose of collateral assets is also continuing. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,216 million in loan principal (operating loans) (¥5,924 million at the end of the previous consolidated fiscal year) and ¥275 million in accrued interest (other current assets) (¥262 million at the end of the previous consolidated fiscal year). A ¥6,491 million allowance for loan losses (¥6,187 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The principal, accrued interest and full allowance related to the matters identified by the Thai SEC all increased from the end of the previous fiscal year. - FY2021-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥5,789 million in loan principal (operating loans) (¥5,924 million at the end of the previous consolidated fiscal year) and ¥256 million in accrued interest (other current assets) (¥262 million at the end of the previous consolidated fiscal year). A ¥6,046 million allowance for loan losses (¥6,187 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The related loan receivables, accrued interest and full allowance decreased from the end of the previous fiscal year. Legal action to demand repayment and dispose of collateral assets is also continuing. - FY2020MitigatedAnnual report
「At the end of the current consolidated fiscal year, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥5,924 million in loan principal (operating loans) (¥6,051 million at the end of the previous consolidated fiscal year) and ¥262 million in accrued interest (other current assets) (¥268 million at the end of the previous consolidated fiscal year). A ¥6,187 million allowance for loan losses (¥6,319 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The related loan receivables, accrued interest and full allowance decreased from the end of the previous fiscal year, while legal action to demand repayment and dispose of collateral assets is continuing. - FY2020-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,040 million in loan principal (operating loans) (¥6,051 million at the end of the previous consolidated fiscal year) and ¥267 million in accrued interest (other current assets) (¥268 million at the end of the previous consolidated fiscal year). A ¥6,308 million allowance for loan losses (¥6,319 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The principal, accrued interest and full allowance related to the matters identified by the Thai SEC decreased slightly from the end of the previous fiscal year. Legal action to demand repayment and dispose of collateral assets is also continuing. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,114 million in loan principal (operating loans) (¥6,051 million at the end of the previous consolidated fiscal year) and ¥270 million in accrued interest (other current assets) (¥268 million at the end of the previous consolidated fiscal year). A ¥6,385 million allowance for loan losses (¥6,319 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The company continues to recognize an allowance against the full amount of the loan receivables related to the matters identified by the Thai SEC. The principal, accrued interest and allowance all decreased slightly from the end of the first quarter, but increased from the end of the previous fiscal year. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,133 million in loan principal (operating loans) (¥6,051 million at the end of the previous consolidated fiscal year) and ¥271 million in accrued interest (other current assets) (¥268 million at the end of the previous consolidated fiscal year). A ¥6,405 million allowance for loan losses (¥6,319 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The principal, accrued interest and full allowance related to the matters identified by the Thai SEC all increased from the end of the previous fiscal year, reversing the downward trend through the previous period. - FY2019MitigatedAnnual report
「For the current consolidated fiscal year, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,051 million in loan principal (operating loans) (¥6,355 million at the end of the previous consolidated fiscal year) and ¥268 million in accrued interest (other current assets) (¥281 million at the end of the previous consolidated fiscal year). A ¥6,319 million allowance for loan losses (¥6,636 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The related loan receivables, accrued interest and full allowance all decreased from the end of the previous fiscal year, while legal action to demand repayment and dispose of collateral assets is continuing. - FY2019-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated cumulative period, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,046 million in loan principal (operating loans) (¥6,355 million at the end of the previous consolidated fiscal year) and ¥267 million in accrued interest (other current assets) (¥281 million at the end of the previous consolidated fiscal year). A ¥6,314 million allowance for loan losses (¥6,636 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The principal, accrued interest and full allowance related to the matters identified by the Thai SEC have decreased further from the end of the previous fiscal year. Legal action to demand repayment from the borrowers and dispose of collateral assets is also continuing. - FY2019-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated cumulative period, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC consisted of ¥6,221 million in loan principal (operating loans) (¥6,355 million at the end of the previous consolidated fiscal year) and ¥275 million in accrued interest (other current assets) (¥281 million at the end of the previous consolidated fiscal year). A ¥6,496 million allowance for loan losses (¥6,636 million at the end of the previous consolidated fiscal year) has been recognized against the full amount of these loan receivables, comprising operating loans and accrued interest.」
The principal, accrued interest and full allowance for the related loan receivables all decreased from the end of the previous fiscal year. Legal action to demand repayment and dispose of collateral assets is also continuing. - FY2019-Q1MitigatedAnnual report
「The company has requested repayment from the borrowers and is also pursuing legal measures to dispose of the collateral assets. It will continue working steadily to recover the receivables.」
Although the allowance for doubtful accounts against the full amount of loan receivables related to the Thai SEC observations continues, the company is pursuing requests for repayment from the borrowers and legal measures toward the disposal of the collateral. - FY2018RestatedAnnual report
「For the fiscal year under review, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC comprised ¥6,355 million in loan principal (operating loans), compared with ¥6,319 million at the end of the previous fiscal year, and ¥281 million in accrued interest (other current assets), compared with ¥279 million at the end of the previous fiscal year. An allowance for doubtful accounts of ¥6,636 million (¥6,599 million at the end of the previous fiscal year) was recorded against the full amount of these loan receivables, including operating loans and accrued interest.」
The company continues to record an allowance for doubtful accounts against the full amount of loan receivables related to the Thai SEC observations. At the fiscal year-end, loan principal, accrued interest and the allowance had all increased from the end of the previous fiscal year. - FY2018-Q3RestatedAnnual report
「At the end of the third quarter consolidated accounting period of the fiscal year under review, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC comprised ¥6,188 million in loan principal (operating loans), compared with ¥6,319 million at the end of the previous fiscal year, and ¥274 million in accrued interest (other current assets), compared with ¥279 million at the end of the previous fiscal year. An allowance for doubtful accounts of ¥6,462 million (¥6,599 million at the end of the previous fiscal year) was recorded against the full amount of these loan receivables, including operating loans and accrued interest.」
The company continues to record an allowance for doubtful accounts against the full amount of the related loan receivables identified by the Thai SEC. - FY2018-Q2RestatedAnnual report
「At the end of the second quarter consolidated accounting period of the fiscal year under review, the estimated loan receivables related to the GLH lending transactions identified by the Thai SEC comprised ¥5,950 million in loan principal (operating loans), compared with ¥6,319 million at the end of the previous fiscal year, and ¥263 million in accrued interest (other current assets), compared with ¥279 million at the end of the previous fiscal year. An allowance for doubtful accounts of ¥6,213 million (¥6,599 million at the end of the previous fiscal year) was recorded against the full amount of these loan receivables, including operating loans and accrued interest.」
The balances of the related loan receivables and allowance for doubtful accounts decreased from the end of the previous fiscal year, but the allowance against the full amount of the receivables continues. - FY2017MaterialisedAnnual report
「From a conservative standpoint, the company recorded a ¥6,287 million allowance for doubtful accounts against the full amount of loan receivables related to the GLH lending transactions identified by the Thai SEC, comprising operating loans and accrued income. It recorded ¥6,020 million of the allowance, equivalent to the principal of the operating loans, as an extraordinary loss, and reduced revenue by ¥266 million for the portion equivalent to accrued interest.」
For the Singapore- and Cyprus-related lending transactions for which the company had previously explained improvements in and safeguarding of collateral values, an event occurred in which, following an observation by the Thai SEC, an allowance for doubtful accounts was recorded against the full amount of the related receivables. - FY2017-Q3MitigatedAnnual report
「At the end of the third quarter consolidated accounting period, the collateral value coverage ratio for these loan receivables exceeded 100%, and was at least 80% excluding GL shares. The company will continue working to safeguard and manage its loan receivables.」
The company explained that early repayments by borrowers and the receipt of collateral other than GL shares brought the collateral value coverage ratio above 100%, and to at least 80% even excluding GL shares. - FY2017-Q2First statedAnnual report
「The borrowers under these loan receivables are primarily 4 companies in Singapore and 4 companies in Cyprus. At the end of the second quarter of the current consolidated fiscal year, the balances of Singapore-related and Cyprus-related loans were ¥6,964 million and ¥4,858 million, respectively.」
Loan receivables from small and medium-sized enterprises and strategic business partners, including principal and accrued interest, totalled ¥11,972 million, or 18.5% of consolidated total assets, and were concentrated among 4 Singaporean and 4 Cypriot companies. Collateral coverage was 115% for Singapore-related loans and 72% for Cyprus-related loans, improving to 126% and 105%, respectively, after an early repayment on 11 April 2017. The company stated that it had no doubts about recoverability based on borrowers' repayment capacity and the collateral provided.