Cancellation of GL Finance PLC.'s Finance-Leasing Licence and Corporate Liquidation
First written in FY2024. 1 of 3 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-05-15.
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- 2026-05-15RestatedEarnings
「The liquidation proceedings may result in an equity-method investment loss affecting the Company’s consolidated results, but information is still being collected and reviewed, and it is currently not possible to calculate a definitive amount of the impact.」
The possibility of an equity-method investment loss resulting from the cancellation of GL Finance PLC.’s license and its liquidation, and the inability to determine the amount of the impact, remain unchanged. - FY2025-H1AdvancedAnnual report
「Accordingly, because the effective control relationship with GL had been lost during the interim consolidated accounting period, GLF was excluded from the scope of the equity method from the beginning of that interim consolidated accounting period.」
Following the cancellation of GL Finance PLC.'s licence and the progress of liquidation proceedings, GLF was excluded from the scope of the equity method from 1 October 2024. - FY2024First statedAnnual report
「GL, an equity-method affiliate of our company, disclosed that its consolidated subsidiary GL Finance PLC., which operates a finance business in Cambodia, received notice from the National Bank of Cambodia dated 12 September 2024 cancelling its finance-leasing licence and requiring corporate liquidation. GLF appointed a liquidator and entered liquidation proceedings.」
The company disclosed that Cambodia-based GL Finance PLC. received notice dated 12 September 2024 cancelling its licence and requiring liquidation, and that liquidation proceedings had begun. It stated that an equity-method investment loss might arise, but that the amount could not yet be determined.