Insufficient Collateral and Bad Debt Risk Associated with a Claim for Damages Against the Former Representative Director
First written in FY2020. 5 of 14 entries say "Mitigated", first in FY2022. Latest entry: FY2027-H1.
1 other company's latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Long-term loans 104,783 100,958 Provision for doubtful accounts △ 108,447 △ 104,623」
Long-term loans and the provision for doubtful accounts related to the former representative director both decreased from the end of the previous fiscal year. - FY2026MitigatedAnnual report
「Long-term loans ¥104.783 million; provision for doubtful accounts △¥104.783 million.」
Long-term loans to the former representative director decreased from ¥296.120 million to ¥104.783 million, and a provision for doubtful accounts covering the entire remaining balance has been recognized. In addition to the risk of an additional provision reported in the previous fiscal year, a ¥96.131 million reversal of provision for doubtful accounts was recognized in the current fiscal year. - FY2025RestatedAnnual report
「Long-term loans ¥296.120 million; provision for doubtful accounts △¥204.220 million. As the expected proceeds from the disposal of the collateral are affected by share-price movements, a decline in the share price may result in an additional provision for doubtful accounts being recognized in the consolidated financial statements for the following consolidated fiscal year.」
The company continued to disclose long-term loans to the former representative director and a substantial provision for doubtful accounts, and reported the risk of an additional provision if the collateral share price declined. - FY2023-Q2RestatedAnnual report
「In addition, because ¥20.262 million in provision for doubtful accounts against loans was recognized as an extraordinary loss, quarterly net income attributable to owners of the parent was ¥61.205 million, down 51.6% year on year.」
The company recognized ¥20.262 million in provision for doubtful accounts against loans and continued to report the loss impact of credit risk related to the former representative director. - FY2023-Q1WorsenedAnnual report
「In addition, because ¥20.262 million in provision for doubtful accounts against loans was recognized as an extraordinary loss, quarterly net income attributable to owners of the parent was ¥44.330 million, down 31.1% year on year.」
The company recognized ¥20.262 million in provision for doubtful accounts on loans related to the former representative director, increasing the loss recognized from the ¥7.626 million recognized for the full previous fiscal year. - FY2022MitigatedAnnual report
「As of 31 January 2022, the value of the security based on the company's share price was below the amount of the damages claim, so ¥7.626 million, representing the shortfall in collateral, was recognized as provision for doubtful accounts.」
The collateral shortfall continued, but the provision for doubtful accounts decreased from ¥47.147 million in the previous fiscal year to ¥7.626 million. - FY2021Recognized ¥47.147 million in provision for doubtful accounts for the full fiscal year.Annual report
「Under the damages agreement, 株式会社JPパワ－ has taken security over 368,400 shares of the company held by Mr. Suzuki. As of 31 January 2021, the value of the security based on the company's share price was below the amount of the damages claim, so ¥47.147 million, representing the shortfall in collateral, was recognized as provision for doubtful accounts.」
The collateral shortfall concerning the damages claim against the former representative director continued, and ¥47.147 million was recognized as provision for doubtful accounts for the full fiscal year. - FY2021-Q3RestatedAnnual report
「Due to the recording of an expense of ¥47,892 thousand for the provision for doubtful accounts on loans receivable and other items as extraordinary losses, quarterly net income attributable to owners of the parent was ¥42,040 thousand, down 66.9% year on year.」
The company continues to recognize ¥47.892 million in provision for doubtful accounts against loans, and the loss impact associated with credit risk remains ongoing. - FY2021-Q2WorsenedAnnual report
「Due to the recording of an expense of ¥47,892 thousand for the provision for doubtful accounts on loans receivable, quarterly net income attributable to owners of the parent was ¥5,080 thousand, down 94.4% year on year.」
An expense of ¥47,892 thousand for the provision for doubtful accounts on loans receivable was recorded, and the loss impact of bad-debt risk related to the former representative director has continued. - FY2021-Q1WorsenedAnnual report
「Due to the recording of an expense of ¥47,892 thousand for the provision for doubtful accounts on loans receivable, quarterly net loss attributable to owners of the parent was ¥15,742 thousand, down 128.3% year on year.」
In connection with claims for damages against the former representative director and loans receivable, an expense of ¥47,892 thousand for the provision for doubtful accounts was recorded in the first quarter, and the loss impact of bad-debt risk has continued. - FY2020First statedAnnual report
「Under the damages settlement agreement, 株式会社JPパワ－ has established a security interest in 368,400 shares of the Company held by Mr. Suzuki. As of 31 January 2020, the value of the security interest based on the Company's share price was lower than the amount of the claim for damages, so an expense of ¥57,020 thousand for the provision for doubtful accounts on the shortfall in collateral was recorded as an extraordinary loss.」
The filing states that collateral became insufficient for the claim for damages against the former representative director and that an expense of ¥57,020 thousand for the provision for doubtful accounts was recorded as an extraordinary loss.