Waiver of a receivable from an equity-method affiliate
VISCAS Corporation (equity-method affiliate)
Ongoing overseas construction projects and operations related to the collection of trade receivables
VISCAS Corporation is to be dissolved because the operations related to the execution of overseas construction projects that it had undertaken and continued, as well as the collection of trade receivables, have reached a certain conclusion.
Loan receivable of ¥8,266 million. An allowance for doubtful accounts was recognized in prior fiscal years, and the impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial.
Prior fiscal years (an allowance for doubtful accounts has already been recognized). The impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial.
The impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial.
¥8,266 million (loan receivable; receivable from VISCAS Corporation)
The shareholders have agreed to waive the receivable and dissolve VISCAS Corporation effective 31 March 2026.
| Item | Details |
|---|---|
| Event name | Waiver of a receivable from an equity-method affiliate |
| Date of occurrence | 27 March 2026 (date of the Board of Directors' resolution) |
| Subject Entity | VISCAS Corporation (equity-method affiliate) |
| Target Locations / Products | Ongoing overseas construction projects and operations related to the collection of trade receivables |
| Cause | VISCAS Corporation is to be dissolved because the operations related to the execution of overseas construction projects that it had undertaken and continued, as well as the collection of trade receivables, have reached a certain conclusion. |
| Amount of Impact on Business Performance | Loan receivable of ¥8,266 million. An allowance for doubtful accounts was recognized in prior fiscal years, and the impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial. |
| Accounting period in which recognized | Prior fiscal years (an allowance for doubtful accounts has already been recognized). The impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial. |
| Impact on Earnings Forecast | The impact on non-consolidated and consolidated results for the fiscal year ending March 2026 is expected to be immaterial. |
| Amount of receivables at risk of non-collection or delayed collection | ¥8,266 million (loan receivable; receivable from VISCAS Corporation) |
| Outlook | The shareholders have agreed to waive the receivable and dissolve VISCAS Corporation effective 31 March 2026. |
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 shareholders agreed to dissolve VISCAS Corporation effective 31 March 2026 because the operations related to the execution of overseas construction projects that VISCAS had undertaken and continued, as well as the collection of trade receivables, have reached a certain conclusion.