Risk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate
Consolidated subsidiary Optimus Group Australia Pty Ltd (OPT AU) and equity-method associate OzCar Pty Ltd
Loans to OzCar and accrued interest, and trade receivables related to used-car sales
OzCar's poor performance and governance concerns came to light, and its transition to VA made the amount and timing of receivable collections uncertain.
Recorded AU$12,000,000 (approximately ¥1,353 million) in bad debt expense as finance costs. ¥81 million had already been recorded for the first quarter of the cumulative consolidated period, and the additional amount recorded for the current interim consolidated accounting period was ¥1,272 million.
Interim consolidated accounting period for the fiscal year ending March 2027
The full-year consolidated earnings forecast for the fiscal year ending March 2027 was revised. Profit for the year attributable to owners of the parent changed from ¥3,700 million to ¥1,300 million, and basic earnings per share changed from ¥46.75 to ¥16.07.
Total: AU$28,362,850 (approximately ¥3,117 million). Counterparty: OzCar Pty Ltd
Company response
Engaged external experts to review OzCar's financial, business and compliance status
Further strengthening monitoring of investees and the management of credit and receivables
Related procedures
Voluntary Administration (VA)
Based on the policy to be decided at the creditors' meeting in the VA proceedings to be held, the Company will monitor collection progress and seek to maximise recoveries.
Make appropriate disclosures depending on the circumstances
| Item | Details |
|---|---|
| Event name | Risk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate |
| Date of occurrence | 8 October 2026 (VA commencement date; the exact date on which the risk of non-collection or delayed collection of receivables arose is Not disclosed) |
| Subject Entity | Consolidated subsidiary Optimus Group Australia Pty Ltd (OPT AU) and equity-method associate OzCar Pty Ltd |
| Target Locations / Products | Loans to OzCar and accrued interest, and trade receivables related to used-car sales |
| Cause | OzCar's poor performance and governance concerns came to light, and its transition to VA made the amount and timing of receivable collections uncertain. |
| Amount of Impact on Business Performance | Recorded AU$12,000,000 (approximately ¥1,353 million) in bad debt expense as finance costs. ¥81 million had already been recorded for the first quarter of the cumulative consolidated period, and the additional amount recorded for the current interim consolidated accounting period was ¥1,272 million. |
| Accounting period in which recognized | Interim consolidated accounting period for the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The full-year consolidated earnings forecast for the fiscal year ending March 2027 was revised. Profit for the year attributable to owners of the parent changed from ¥3,700 million to ¥1,300 million, and basic earnings per share changed from ¥46.75 to ¥16.07. |
| Type of litigation or proceeding | Voluntary Administration (VA) |
| Date of filing / date of action | 8 October 2026 (VA commencement date; date on which the voluntary administrator was appointed) |
| Amount of receivables at risk of non-collection or delayed collection | Total: AU$28,362,850 (approximately ¥3,117 million). Counterparty: OzCar Pty Ltd |
| Investigation structure | Engaged external experts to review OzCar's financial, business and compliance status |
| Measures to prevent recurrence | Further strengthening monitoring of investees and the management of credit and receivables |
| Outlook | Based on the policy to be decided at the creditors' meeting in the VA proceedings to be held, the Company will monitor collection progress and seek to maximise recoveries. |
| Planned follow-up disclosure | Make appropriate disclosures depending on the circumstances |
Items this document does not state (10)
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.OzCar's poor performance and governance concerns came to light, and its transition to voluntary administration made the amount and timing of receivable collections uncertain.