System Support Holdings Inc.
Notice Regarding Waiver of Claims Against a Consolidated Subsidiary
Decision to waive loans receivable from consolidated subsidiary STS Digital. Due to excess liabilities in the digital marketing business, business succession and an absorption-type merger are being planned. Waiver amount is 156 million yen; consolidated net assets ratio as of the end of June 2026 is 2.2%. A special loss of 81 million yen is expected to be recorded in the standalone financial statements for fiscal year 2027. However, there will be no impact on consolidated results due to offset elimination.
Key Figures
- Amount of claim waiver: 156 million yen (2.2%)
- Planned special loss: 81 million yen
- Allowance for doubtful accounts recorded: 74 million yen (through fiscal period ending June 2026)
AI要約
Overview of the Claim Waiver
The Board of Directors approved a resolution to waive loans receivable from consolidated subsidiary STS Digital. STS Digital operates a digital marketing business and requires improvement of its financial position due to excess liabilities. The waiver is being implemented as part of a business restructuring aimed at business succession and a potential absorption-type merger of the company.
Financial Impact and Future Outlook
The waiver target is 156 million yen (2.2% of consolidated net assets), and an allowance for doubtful accounts of 74 million yen has been recorded through the fiscal period ending June 2026. In connection with this claim waiver, a credit loss of 81 million yen is expected to be recorded as a special loss in the standalone financial statements for the fiscal year ending June 2027. The gain from debt forgiveness and the credit loss will be offset and eliminated in the consolidated financial statements, so there is no impact on consolidated results.
System Support Holdings Inc.
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