Capital increase, long-term loan and debt guarantee for KOS
First written in FY2021-Q2. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: 2026-06-02.
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- 2026-06-02WorsenedGeneral Meetings of Shareholders
「We recorded allowances for doubtful accounts of ¥17,586 million against long-term loans to PT.KRAKATAU OSAKA STEEL, ¥4,909 million against accounts receivable and ¥314 million against accrued interest. In the current fiscal year, we recorded ¥19,353 million as a provision for allowance for doubtful accounts.」
Substantial allowances for doubtful accounts were recorded against long-term loans, accounts receivable and accrued interest in connection with financial support for KOS through capital increases, long-term lending and guarantees. - FY2021AdvancedAnnual report
「With respect to KOS, the company continues to strengthen group-wide cooperation, including the supply of billets from Japan, while sequentially implementing measures to strengthen KOS's financial foundation, including subscribing to a capital increase by KOS, providing long-term financing and guaranteeing KOS's short-term borrowings. The company is considering and implementing initiatives to strengthen cooperation and collaboration with PT.KRAKATAU STEEL for future business growth and to further expand its customer base.」
The company sequentially implemented the equity investment, long-term financing and guarantee of short-term borrowings for KOS approved in the previous quarter. It is also considering and implementing cooperation with the JV partner and expansion of sales channels. - FY2021-Q2First statedAnnual report
「In light of the future potential of KOS's business expansion in Indonesia, the company decided to strengthen KOS's financial foundation by subscribing to a capital increase by KOS, providing long-term financing and guaranteeing KOS's short-term borrowings. These measures to strengthen its financial foundation will be implemented sequentially, alongside initiatives aimed at future business growth.」
The company decided on, and stated for the first time that it would sequentially implement, measures to strengthen KOS's financial foundation, including subscribing to a capital increase, providing long-term financing and guaranteeing short-term borrowings.