Risk of non-collection or delayed collection of receivables and recognition of provision for doubtful accounts
The Company (CellSeed Inc.) and the relevant business partner, whose name and other details have not been disclosed
Payment of accounts receivable has continued to be delayed after the payment due date, and payment of the consideration has been held up due to differing views regarding the interpretation of certain contract terms.
¥3.921 million (recorded as provision for doubtful accounts expense under selling, general and administrative expenses)
First quarter of the fiscal year ending December 2026
The Company currently believes that the impact of this matter on results for the current fiscal year will be immaterial.
¥7.843 million in accounts receivable from the relevant business partner
Related procedures
Considering appropriate measures, including legal action
The Company will continue to consider appropriate measures, including legal action, regarding these receivables and make every effort to collect them.
The Company will promptly announce any matters requiring disclosure should they arise.
| Item | Details |
|---|---|
| Event name | Risk of non-collection or delayed collection of receivables and recognition of provision for doubtful accounts |
| Subject Entity | The Company (CellSeed Inc.) and the relevant business partner, whose name and other details have not been disclosed |
| Cause | Payment of accounts receivable has continued to be delayed after the payment due date, and payment of the consideration has been held up due to differing views regarding the interpretation of certain contract terms. |
| Amount of Impact on Business Performance | ¥3.921 million (recorded as provision for doubtful accounts expense under selling, general and administrative expenses) |
| Accounting period in which recognized | First quarter of the fiscal year ending December 2026 |
| Impact on Earnings Forecast | The Company currently believes that the impact of this matter on results for the current fiscal year will be immaterial. |
| Type of litigation or proceeding | Considering appropriate measures, including legal action |
| Amount of receivables at risk of non-collection or delayed collection | ¥7.843 million in accounts receivable from the relevant business partner |
| Outlook | The Company will continue to consider appropriate measures, including legal action, regarding these receivables and make every effort to collect them. |
| Planned follow-up disclosure | The Company will promptly announce any matters requiring disclosure should they arise. |
Items this document does not state (15)
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.In addition to the continued delay in payment of accounts receivable after the original payment due date, payment of the consideration has been held up due to differing views regarding the interpretation of certain contract terms. The Company states that, despite repeated demands for payment and negotiations, the amount and timing of collection remain uncertain.