Recognition of an extraordinary gain (reversal of allowance for doubtful accounts)
Consolidated subsidiary 日本ファーネス株式会社
Combustion equipment for plant facilities supplied to a major Malaysian oil company
Payment of the remaining ¥35.5 million due for the products had been delayed, but the full amount was collected following demands for payment
¥35.5 million is expected to be recognized as a reversal gain on the allowance for doubtful accounts under extraordinary gains
The consolidated accounting period for the second quarter of the fiscal year ending March 2027
The impact on the consolidated full-year earnings forecast for the fiscal year ending March 2027 is currently under review, and the company will provide prompt notice once it is determined
Accounts receivable of ¥35,500,000 from the customer
Related procedures
Demand for payment through legal means
The company expects to recognize a reversal gain on the allowance for doubtful accounts in the consolidated accounting period for the second quarter of the fiscal year ending March 2027. The impact on the consolidated full-year earnings forecast will be reviewed, and the company will provide prompt notice once it is determined
The company will provide prompt notice once the impact on the earnings forecast is determined
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary gain (reversal of allowance for doubtful accounts) |
| Subject Entity | Consolidated subsidiary 日本ファーネス株式会社 |
| Target Locations / Products | Combustion equipment for plant facilities supplied to a major Malaysian oil company |
| Cause | Payment of the remaining ¥35.5 million due for the products had been delayed, but the full amount was collected following demands for payment |
| Amount of Impact on Business Performance | ¥35.5 million is expected to be recognized as a reversal gain on the allowance for doubtful accounts under extraordinary gains |
| Accounting period in which recognized | The consolidated accounting period for the second quarter of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The impact on the consolidated full-year earnings forecast for the fiscal year ending March 2027 is currently under review, and the company will provide prompt notice once it is determined |
| Type of litigation or proceeding | Demand for payment through legal means |
| Amount of receivables at risk of non-collection or delayed collection | Accounts receivable of ¥35,500,000 from the customer |
| Outlook | The company expects to recognize a reversal gain on the allowance for doubtful accounts in the consolidated accounting period for the second quarter of the fiscal year ending March 2027. The impact on the consolidated full-year earnings forecast will be reviewed, and the company will provide prompt notice once it is determined |
| 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 (14)
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 customer has completed payment of the entire remaining balance of the accounts receivable. The company explained that it had continued to demand payment through legal means via a local law firm.