Komori
Occurring Fact7776CellSeed Inc.Electrical Equipment and Precision Instruments

Notice Regarding the Risk of Uncollectibility or Delayed Collection of Receivables and the Recording of an Allowance for Doubtful Accounts

Due to delayed payment of accounts receivable by a business partner and differing views regarding the terms of the contract, the amount and timing of collection of ¥7.843 million in accounts receivable have become uncertain. The Company will record ¥3.921 million, equivalent to 50% of the amount, as provision for doubtful accounts expense.

Worth reading
54Recurring
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
3921
Thousands of yen (provision for doubtful accounts expense)
Wording
Avoiding a definitive answer
How definitive the wording is.

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

This disclosure05/13/2026
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.

Amount of receivables at risk of non-collection or delayed collection

¥7.843 million in accounts receivable from the relevant business partner

Related procedures

Type

Considering appropriate measures, including legal action

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.

Event that occurred
ItemDetails
Event nameRisk of non-collection or delayed collection of receivables and recognition of provision for doubtful accounts
Subject EntityThe Company (CellSeed Inc.) and the relevant business partner, whose name and other details have not been disclosed
CausePayment 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 recognizedFirst quarter of the fiscal year ending December 2026
Impact on Earnings ForecastThe Company currently believes that the impact of this matter on results for the current fiscal year will be immaterial.
Type of litigation or proceedingConsidering 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
OutlookThe Company will continue to consider appropriate measures, including legal action, regarding these receivables and make every effort to collect them.
Planned follow-up disclosureThe Company will promptly announce any matters requiring disclosure should they arise.
Items this document does not state (15)
Date of occurrenceDate recognized / date notice receivedTarget Locations / ProductsCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the change

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.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Risk of Uncollectibility or Delayed Collection of Receivables and the Recording of an Allowance for Doubtful Accounts | CellSeed Inc. (7776) timely disclosure | Komori