Procrea Holdings, Inc.
Regarding the Risk of Uncollectibility or Delay in Collection of Claims at Our Subsidiary
There is a risk of uncollectibility or delay in collection of loans amounting to 521 million yen made to consolidated subsidiary Aomori Michinoku Bank Co., Ltd., but the entire amount has been fully provisioned and there is no impact on earnings guidance.
Key Figures
- Loans: 521 million yen (as of March 31, 2026)
- Ratio to consolidated net assets: 0.32%
- Date of Special Liquidation Filing: March 30, 2026
AI要約
Regarding the Risk of Uncollectibility or Delay in Collection of Claims
Our consolidated subsidiary, Aomori Michinoku Bank Co., Ltd., filed for special liquidation with the Aomori District Court on March 30, 2026, following the approval of the business revitalization plan of its client. As a result, there is a possibility of uncollectibility or delay in collection of loans amounting to 521 million yen extended to that company. The name of the client and other details are withheld to prevent reputational damage.
Status of Claim Preservation and Outlook
The portion of the loans not secured by collateral or provisions has already been fully provisioned. Therefore, there is no revision to the consolidated earnings guidance for the fiscal year ending March 2026, and no expected impact on financial results.
