The Bank Of Kochi, Ltd.
Notice Regarding Risk of Uncollectible or Delayed Collection of Receivables
Following notification that a client is preparing to petition for commencement of bankruptcy proceedings, of the bank's loans to the client totaling 237 million yen, the unsecured portion of 172 million yen is expected to be fully provisioned in the third quarter of the fiscal year ending March 2027. Earnings forecasts are currently under review and will be promptly disclosed if revisions are necessary.
Key Figures
- Loans: 237 million yen
- Unsecured portion: 172 million yen
- Provisioning period: Third quarter of the fiscal year ending March 2027
AI要約
Overview of the Event
The Bank Of Kochi, Ltd. received notification that its client, SAKASHOU Co., Ltd., has begun preparations to petition for commencement of bankruptcy proceedings. Consequently, there is a risk that claims against this client may become uncollectible or collection may be delayed. The exposure amounts to loans of 237 million yen, of which 172 million yen is not secured by collateral and is expected to be affected moving forward.
Financial Impact and Outlook
At present, the bank expects to record a full provision for the unsecured receivables in the third quarter of the fiscal year ending March 2027. Earnings forecasts are under review, and if revisions to previously disclosed forecasts are required, they will be announced promptly.
The Bank Of Kochi, Ltd.
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