The Bank Of Kochi, Ltd.
Notice Regarding Insolvency Proceedings Initiated or Potential Delay in Collection
Due to the bankruptcy proceedings initiated for the debtor, Zen-To-Shin Co., Ltd., the bank plans to fully provision 915 million yen (out of 1,200 million yen of loans) in the first quarter of the fiscal year ending March 2027. Future earnings guidance is under review.
Key Figures
- Loans: 1,200 百万円
- Unsecured portion: 915 百万円
- Provision timing: Q1 FY2027
AI要約
Overview
The notice announced today reports that, following the Osaka District Court's initiation of bankruptcy proceedings for the debtor Zen-To-Shin Co., Ltd., there are risks of collection failure or delay for the bank’s claims. The eligible claim amount is 1,200 million yen of loans, of which 915 million yen is unsecured. Future earnings estimates remain uncertain, and will be disclosed upon finalization.
Impact and Future Response
We expect to recognize the full provision of 915 million yen for the unsecured portion in the first quarter of fiscal year 2027. This could have a negative impact on the bank’s performance for FY2027, and any necessary revisions to earnings guidance will be promptly disclosed.
Kochi Local Bank, Ltd.
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