Notice concerning the risk that receivables may become uncollectible
AXEL MARK INC., the borrowing company, and its representative
Loans (to the borrowing company's representative personally and to the borrowing company)
The borrowing company's representative is considering filing for personal bankruptcy, and the Company understands that he does not have the financial resources to repay his obligations to the Company, including obligations under the joint and several guarantee.
¥64.444 million (a provision has already been recognized for the full amount of the loans; recognition category: Not disclosed)
Total of ¥64.444 million (¥50.970 million owed by the borrowing company's representative personally and ¥13.473 million owed by the borrowing company). The counterparties are the borrowing company and its representative.
Related procedures
Consideration of filing for bankruptcy (no formal legal insolvency proceedings or other formal legal reorganization proceedings have commenced)
The Company will continue discussions with the borrower and monitor its repayment status, while considering all available legal measures, including claims against the joint and several guarantor, to maximize recovery of the receivables. If bankruptcy or other proceedings commence, the Company will appropriately complete procedures such as filing its claims.
| Item | Details |
|---|---|
| Event name | Notice concerning the risk that receivables may become uncollectible |
| Date of occurrence | 22 October 2026 (the date on which the Company determined that the receivables might become uncollectible) |
| Date recognized / date notice received | 22 July 2026 (the date on which the Company received notification from the borrowing company's representative that he is considering filing for personal bankruptcy) |
| Subject Entity | AXEL MARK INC., the borrowing company, and its representative |
| Target Locations / Products | Loans (to the borrowing company's representative personally and to the borrowing company) |
| Cause | The borrowing company's representative is considering filing for personal bankruptcy, and the Company understands that he does not have the financial resources to repay his obligations to the Company, including obligations under the joint and several guarantee. |
| Amount of Impact on Business Performance | ¥64.444 million (a provision has already been recognized for the full amount of the loans; recognition category: Not disclosed) |
| Type of litigation or proceeding | Consideration of filing for bankruptcy (no formal legal insolvency proceedings or other formal legal reorganization proceedings have commenced) |
| Amount of receivables at risk of non-collection or delayed collection | Total of ¥64.444 million (¥50.970 million owed by the borrowing company's representative personally and ¥13.473 million owed by the borrowing company). The counterparties are the borrowing company and its representative. |
| Outlook | The Company will continue discussions with the borrower and monitor its repayment status, while considering all available legal measures, including claims against the joint and several guarantor, to maximize recovery of the receivables. If bankruptcy or other proceedings commence, the Company will appropriately complete procedures such as filing its claims. |
Items this document does not state (15)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company received notification from the borrowing company's representative that he is considering filing for personal bankruptcy. After reviewing the borrower's financial capacity and repayment status, the Company determined that the borrower has no funds available for repayment and that collection is likely either to take a considerable amount of time or to become difficult.