Komori
Occurring Fact9268OPTIMUS GROUP COMPANY LIMITEDTrading & Wholesale

Notice concerning the risk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate

Receivables from OzCar Pty Ltd became at risk of being uncollectible or collected late. Accordingly, the Company recorded approximately ¥1,353 million in bad debt expense as finance costs and revised its full-year earnings forecast downward.

Worth reading
77Important
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
1353
¥ million (bad debt expense; finance costs)
Wording
Avoiding a definitive answer
How definitive the wording is.

Risk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate

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

Occurrence8 October 2026 (VA commencement date; the exact date on which the risk of non-collection or delayed collection of receivables arose is Not disclosed)
Same day
Litigation / administrative action8 October 2026 (VA commencement date; date on which the voluntary administrator was appointed)
This disclosure11/13/2026
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.

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

Total: AU$28,362,850 (approximately ¥3,117 million). Counterparty: OzCar Pty Ltd

Company response

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

Related procedures

Type

Voluntary Administration (VA)

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

Event that occurred
ItemDetails
Event nameRisk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate
Date of occurrence8 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 EntityConsolidated subsidiary Optimus Group Australia Pty Ltd (OPT AU) and equity-method associate OzCar Pty Ltd
Target Locations / ProductsLoans to OzCar and accrued interest, and trade receivables related to used-car sales
CauseOzCar'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 PerformanceRecorded 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 recognizedInterim consolidated accounting period for the fiscal year ending March 2027
Impact on Earnings ForecastThe 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 proceedingVoluntary Administration (VA)
Date of filing / date of action8 October 2026 (VA commencement date; date on which the voluntary administrator was appointed)
Amount of receivables at risk of non-collection or delayed collectionTotal: AU$28,362,850 (approximately ¥3,117 million). Counterparty: OzCar Pty Ltd
Investigation structureEngaged external experts to review OzCar's financial, business and compliance status
Measures to prevent recurrenceFurther strengthening monitoring of investees and the management of credit and receivables
OutlookBased 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 disclosureMake appropriate disclosures depending on the circumstances
Items this document does not state (10)
Date recognized / date notice receivedCourt or authorityPlaintiffDefendantClaim amount / surcharge amountSuspended operationsScheduled resumption dateDirectors' 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.

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.

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 concerning the risk of non-collection or delayed collection of receivables from OzCar Pty Ltd, an equity-method associate | OPTIMUS GROUP COMPANY LIMITED (9268) timely disclosure | Komori