Recognition of an allowance for doubtful accounts due to the risk of non-collection or delayed collection of receivables
日本ファーネス株式会社 (consolidated subsidiary)
Combustion equipment for plant facilities supplied to a major Malaysian oil company
The overseas customer’s payment of the remaining ¥35.5 million for the products was delayed.
¥35.5 million (allowance for doubtful accounts)
Full-year consolidated accounting period for the fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The impact on the full-year consolidated earnings forecast for the fiscal year ending March 2026 is currently under review, and an update will be provided promptly once determined.
¥35.5 million (accounts receivable from the overseas customer)
Related procedures
Demand for payment through legal means via a local Malaysian law firm, and future legal proceedings
¥35.5 million (remaining balance of unpaid accounts receivable)
The company will continue negotiations and pursue collection using various means, including legal proceedings.
The company will provide prompt notice once the impact on the earnings forecast is determined
| Item | Details |
|---|---|
| Event name | Recognition of an allowance for doubtful accounts due to the risk of non-collection or delayed collection of receivables |
| Date of occurrence | As of 31 March 2026 (payment of the remaining balance had not been made) |
| Subject Entity | 日本ファーネス株式会社 (consolidated subsidiary) |
| Target Locations / Products | Combustion equipment for plant facilities supplied to a major Malaysian oil company |
| Cause | The overseas customer’s payment of the remaining ¥35.5 million for the products was delayed. |
| Amount of Impact on Business Performance | ¥35.5 million (allowance for doubtful accounts) |
| Accounting period in which recognized | Full-year consolidated accounting period for the fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The impact on the full-year consolidated earnings forecast for the fiscal year ending March 2026 is currently under review, and an update will be provided promptly once determined. |
| Type of litigation or proceeding | Demand for payment through legal means via a local Malaysian law firm, and future legal proceedings |
| Claim amount / surcharge amount | ¥35.5 million (remaining balance of unpaid accounts receivable) |
| Amount of receivables at risk of non-collection or delayed collection | ¥35.5 million (accounts receivable from the overseas customer) |
| Outlook | The company will continue negotiations and pursue collection using various means, including legal proceedings. |
| Planned follow-up disclosure | The company will provide prompt notice once the impact on the earnings forecast is determined |
Items this document does not state (12)
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 overseas customer had still not paid the remaining ¥35.5 million in accounts receivable as of 31 March 2026, creating uncertainty regarding the amount and timing of collection.