Difference Between Full-Year Earnings Forecast and Actual Results and Recognition of a Provision for Doubtful Accounts
株式会社エスクロー・エージェント・ジャパン (the filing company)
Accounts receivable from certain customers (customer names: not disclosed)
The Company carefully assessed the collectibility of accounts receivable based on the customers’ operating and financial conditions because deterioration in the cash flows of certain customers was a concern due to rising land prices and construction costs, soaring housing prices in urban areas, and a decline in the number of home mortgage loans handled by internet-only banks, among other factors.
Provision for doubtful accounts: ¥100 million (selling, general and administrative expenses). The differences from the previous forecast were net sales of −¥357 million, operating income of −¥153 million, ordinary income of −¥167 million, and net income attributable to owners of the parent of −¥165 million.
Fourth quarter of the fiscal year ending February 2026, consolidated accounting period (reflected in full-year results for the fiscal year ending February 2026)
Actual results were net sales of ¥5,078 million, operating income of ¥323 million, ordinary income of ¥316 million, and net income attributable to owners of the parent of ¥189 million, compared with the previously announced figures. The year-end dividend remains unchanged at ¥6.00 per share.
The year-end dividend remains unchanged at ¥6.00 per share. Other future actions and their timing: not disclosed.
| Item | Details |
|---|---|
| Event name | Difference Between Full-Year Earnings Forecast and Actual Results and Recognition of a Provision for Doubtful Accounts |
| Date of occurrence | Fourth quarter of the fiscal year ending February 2026, consolidated accounting period (specific date of occurrence: not disclosed) |
| Subject Entity | 株式会社エスクロー・エージェント・ジャパン (the filing company) |
| Target Locations / Products | Accounts receivable from certain customers (customer names: not disclosed) |
| Cause | The Company carefully assessed the collectibility of accounts receivable based on the customers’ operating and financial conditions because deterioration in the cash flows of certain customers was a concern due to rising land prices and construction costs, soaring housing prices in urban areas, and a decline in the number of home mortgage loans handled by internet-only banks, among other factors. |
| Amount of Impact on Business Performance | Provision for doubtful accounts: ¥100 million (selling, general and administrative expenses). The differences from the previous forecast were net sales of −¥357 million, operating income of −¥153 million, ordinary income of −¥167 million, and net income attributable to owners of the parent of −¥165 million. |
| Accounting period in which recognized | Fourth quarter of the fiscal year ending February 2026, consolidated accounting period (reflected in full-year results for the fiscal year ending February 2026) |
| Impact on Earnings Forecast | Actual results were net sales of ¥5,078 million, operating income of ¥323 million, ordinary income of ¥316 million, and net income attributable to owners of the parent of ¥189 million, compared with the previously announced figures. The year-end dividend remains unchanged at ¥6.00 per share. |
| Outlook | The year-end dividend remains unchanged at ¥6.00 per share. Other future actions and their timing: not disclosed. |
Items this document does not state (16)
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 difficult business environment facing customers continued due to rising land prices and construction costs, soaring housing prices in urban areas, and a decline in the number of home mortgage loans handled by internet-only banks. As cash flow deterioration was a concern for certain customers, the Company carefully assessed the collectibility of accounts receivable based on the customers’ operating and financial conditions and recognized a provision for doubtful accounts.