Notice Regarding the Risk of Non-Collection or Delayed Collection of Receivables and the Expected Recognition of a Provision for Doubtful Accounts
The Company’s consolidated subsidiary (name undisclosed)
Accounts receivable relating to sales transactions for marine products
The deterioration in the business partner’s financial condition was recently identified.
Provision for doubtful accounts: impact is being calculated and the amount has not been determined (receivables subject to the risk: ¥449 million)
Consolidated financial results for the fiscal year ending March 2026
The full-year consolidated earnings forecast for the fiscal year ending March 2026 is currently under review. The Company plans to make a timely disclosure once the outlook becomes clear.
Accounts receivable of ¥449 million (business partner name undisclosed)
The Company will continue negotiations with the business partner toward collection and continue its collection efforts using various means, including legal proceedings.
The Company will make an additional disclosure once the provision for doubtful accounts has been finalized.
| Item | Details |
|---|---|
| Event name | Notice Regarding the Risk of Non-Collection or Delayed Collection of Receivables and the Expected Recognition of a Provision for Doubtful Accounts |
| Subject Entity | The Company’s consolidated subsidiary (name undisclosed) |
| Target Locations / Products | Accounts receivable relating to sales transactions for marine products |
| Cause | The deterioration in the business partner’s financial condition was recently identified. |
| Amount of Impact on Business Performance | Provision for doubtful accounts: impact is being calculated and the amount has not been determined (receivables subject to the risk: ¥449 million) |
| Accounting period in which recognized | Consolidated financial results for the fiscal year ending March 2026 |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast for the fiscal year ending March 2026 is currently under review. The Company plans to make a timely disclosure once the outlook becomes clear. |
| Amount of receivables at risk of non-collection or delayed collection | Accounts receivable of ¥449 million (business partner name undisclosed) |
| Outlook | The Company will continue negotiations with the business partner toward collection and continue its collection efforts using various means, including legal proceedings. |
| Planned follow-up disclosure | The Company will make an additional disclosure once the provision for doubtful accounts has been finalized. |
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.The deterioration in the business partner’s financial condition was recently identified, creating uncertainty regarding the amount and timing of collection of the accounts receivable.