GiXo Ltd.
Notice Regarding Risk of Uncollectible Receivable Due to Liquidation of Consolidated Subsidiary
After resolving to liquidate consolidated subsidiary Gidia and reviewing its financial condition, GiXo Ltd. concluded that collection of a loan of 40,045 thousand yen to the subsidiary is likely to become difficult. The impact on the fiscal year ending June 2027 is expected to be minor.
Key Figures
- Loan receivable: 40,045 thousand yen
- Percentage of consolidated net assets: 2.4%
- Major shareholder and shareholding ratio: GiXo Ltd. 100% (Gidia)
AI要約
Overview
GiXo Ltd. resolved to liquidate its consolidated subsidiary Gidia and will proceed with liquidation procedures. After assessing the risk of uncollectible receivables, it was determined that recovery of the loan of 40,045 thousand yen extended to the subsidiary is likely to be difficult. The capital relationship is that GiXo Ltd. wholly owns the subsidiary 100%, and two of GiXo Ltd.'s employees concurrently serve as officers of the subsidiary.
Impact and Future Outlook
Provisions related to this receivable may have been recorded in past consolidated financial statements, and the impact on GiXo Ltd.’s standalone and consolidated results for the fiscal year ending June 2027 is expected to be minor. Any additional disclosures will be published promptly.
GiXo Ltd.
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