Risk of Non-Collection of Receivables Due to the Dissolution of a Consolidated Subsidiary
GiXo Ltd. (creditor) and consolidated subsidiary 株式会社ギディア (subject to dissolution and liquidation)
Branding and creative design business; loans receivable from 株式会社ギディア
It was determined that ギディア would have difficulty continuing its business stably on a standalone basis in light of its business environment and earnings structure, among other factors. Following approval of the policy to dissolve the company, a detailed review of its financial position and expected liquidation proceeds led to the determination that it is highly likely to be difficult to recover the full amount of the loans receivable.
Most of the ¥40.045 million in loans receivable had already been provided for by the end of the previous consolidated fiscal year. The impact of this matter on standalone and consolidated results for the fiscal year ending June 2027 is expected to be minor. The confirmed amount of any additional loss is Not disclosed.
Fiscal year ending June 2027
The impact of this matter on standalone and consolidated results for the fiscal year ending June 2027 is expected to be minor.
¥40.045 million in loans receivable from 株式会社ギディア (as of 30 October 2026)
Related procedures
Procedures toward dissolution and liquidation
Company response
The establishment of a third-party committee, special investigation committee or similar body is Not disclosed. The Company reviewed ギディア's financial position and expected liquidation proceeds.
The Company will proceed with procedures toward the dissolution and liquidation of ギディア. If any matter requiring disclosure arises, it will be announced promptly.
If any matters requiring disclosure arise in the future, they will be announced promptly.
| Item | Details |
|---|---|
| Event name | Risk of Non-Collection of Receivables Due to the Dissolution of a Consolidated Subsidiary |
| Subject Entity | GiXo Ltd. (creditor) and consolidated subsidiary 株式会社ギディア (subject to dissolution and liquidation) |
| Target Locations / Products | Branding and creative design business; loans receivable from 株式会社ギディア |
| Cause | It was determined that ギディア would have difficulty continuing its business stably on a standalone basis in light of its business environment and earnings structure, among other factors. Following approval of the policy to dissolve the company, a detailed review of its financial position and expected liquidation proceeds led to the determination that it is highly likely to be difficult to recover the full amount of the loans receivable. |
| Amount of Impact on Business Performance | Most of the ¥40.045 million in loans receivable had already been provided for by the end of the previous consolidated fiscal year. The impact of this matter on standalone and consolidated results for the fiscal year ending June 2027 is expected to be minor. The confirmed amount of any additional loss is Not disclosed. |
| Accounting period in which recognized | Fiscal year ending June 2027 |
| Impact on Earnings Forecast | The impact of this matter on standalone and consolidated results for the fiscal year ending June 2027 is expected to be minor. |
| Type of litigation or proceeding | Procedures toward dissolution and liquidation |
| Amount of receivables at risk of non-collection or delayed collection | ¥40.045 million in loans receivable from 株式会社ギディア (as of 30 October 2026) |
| Investigation structure | The establishment of a third-party committee, special investigation committee or similar body is Not disclosed. The Company reviewed ギディア's financial position and expected liquidation proceeds. |
| Outlook | The Company will proceed with procedures toward the dissolution and liquidation of ギディア. If any matter requiring disclosure arises, it will be announced promptly. |
| Planned follow-up disclosure | If any matters requiring disclosure arise in the future, they will be announced promptly. |
Items this document does not state (13)
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.It was determined that ギディア would have difficulty continuing its business stably on a standalone basis in light of its business environment and earnings structure, among other factors, and a policy to dissolve the company was approved after taking into account the allocation of management resources and business strategy of the Group. Subsequently, after a detailed review of the company's financial position and expected liquidation proceeds, it was determined that it is highly likely to be difficult to recover the full amount of the loans receivable.