Uncollectible loan receivables of ¥3.53 billion
First written in FY2016. 2 of 3 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2017-Q3.
Miyairi Valve Mfg. moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Materialised".
- FY2017-Q3MaterialisedAnnual report
「As stated in the additional information, during the first-quarter accounting period the company wrote off ¥480.000 million in bankruptcy and reorganization claims and other claims against BM Shindo Co., Ltd., together with the corresponding ¥479.999 million allowance for doubtful accounts. During the third-quarter accounting period, it wrote off ¥3,010.962 million in bankruptcy and reorganization claims and other claims against MS Asia Co., Ltd., together with the corresponding ¥3,010.962 million allowance for doubtful accounts.」
Following BM Shindo, during the third-quarter accounting period the company wrote off ¥3,010.962 million in bankruptcy and reorganization claims and other claims against MS Asia, together with an allowance for doubtful accounts of the same amount, making the uncollectibility concrete as an accounting treatment. - FY2017-Q1MaterialisedAnnual report
「Accordingly, during the first-quarter accounting period, the company wrote off ¥480.000 million in bankruptcy and reorganization claims and other claims against BM Shindo Co., Ltd., together with the corresponding ¥479.999 million allowance for doubtful accounts.」
For receivables from BM Shindo, the allowance for doubtful accounts and the receivables were written off, making the uncollectibility concrete in the accounts. - FY2016First statedAnnual report
「With respect to MS Asia Co., Ltd., BM Shindo Co., Ltd., and Takayuki Ozaki, the Tokyo District Court issued orders discontinuing bankruptcy proceedings on 11 May 2016, and, unfortunately, the receivables could not be collected.」
The ¥3.53 billion in receivables, including ¥3.05 billion in loans to MS Asia and ¥480 million in loans to BM Shindo, became uncollectible.