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Occurring Fact5803Fujikura Ltd.Iron & Steel, Nonferrous Metals

Notice Regarding the Waiver of Receivables from 株式会社ビスキャス

Fujikura Ltd. resolved to waive ¥8,266 million in long-term loans receivable from its equity-method affiliate, 株式会社ビスキャス, and implemented the waiver on 27 March 2026. 株式会社ビスキャス is scheduled to dissolve effective 31 March 2026.

Worth reading
46Recurring
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Direction
Deterioration
Direction inferred from the company’s description.
Scale
8266
¥ million
Wording
Definitive
How definitive the wording is.

Waiver of receivables from 株式会社ビスキャス

Subject Entity

Fujikura Ltd. (resolved to waive the receivables) and 株式会社ビスキャス (the equity-method affiliate concerned)

Occurrence27 March 2026 (date of the Board of Directors resolution and implementation of the waiver)
This disclosure03/27/2026
Cause

A clear path toward winding up 株式会社ビスキャス's operations had been established, and Fujikura Ltd. and Furukawa Electric agreed to waive their receivables and dissolve the company.

Amount of Impact on Business Performance

¥8,266 million (amount of long-term loans receivable waived). The amount had already been recognized as an allowance for doubtful accounts in prior fiscal years, and the impact on Fujikura Ltd.'s non-consolidated and consolidated results for the fiscal year ending March 2026 is immaterial. No additional impact on results or accounting classification was disclosed.

Accounting period in which recognized

Fiscal year ending March 2026

Outlook

株式会社ビスキャス will be dissolved effective 31 March 2026.

Event that occurred
ItemDetails
Event nameWaiver of receivables from 株式会社ビスキャス
Date of occurrence27 March 2026 (date of the Board of Directors resolution and implementation of the waiver)
Subject EntityFujikura Ltd. (resolved to waive the receivables) and 株式会社ビスキャス (the equity-method affiliate concerned)
CauseA clear path toward winding up 株式会社ビスキャス's operations had been established, and Fujikura Ltd. and Furukawa Electric agreed to waive their receivables and dissolve the company.
Amount of Impact on Business Performance¥8,266 million (amount of long-term loans receivable waived). The amount had already been recognized as an allowance for doubtful accounts in prior fiscal years, and the impact on Fujikura Ltd.'s non-consolidated and consolidated results for the fiscal year ending March 2026 is immaterial. No additional impact on results or accounting classification was disclosed.
Accounting period in which recognizedFiscal year ending March 2026
Outlook株式会社ビスキャス will be dissolved effective 31 March 2026.
Items this document does not state (18)
Date recognized / date notice receivedTarget Locations / ProductsImpact on Earnings ForecastType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure

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.

Fujikura Ltd. and Furukawa Electric agreed to waive their receivables from the company and dissolve 株式会社ビスキャス because a clear path toward winding up its operations had been established.

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Notice Regarding the Waiver of Receivables from 株式会社ビスキャス | Fujikura Ltd. (5803) timely disclosure | Komori