The Shikoku Bank, Ltd.
Notice Regarding Filing for Bankruptcy Proceedings by a Counterparty
The counterparty, Zentoushin Co., Ltd., has announced that its bankruptcy proceedings were initiated by the Osaka District Court. The portion of our claims not secured by collateral will be entirely provided for in the first quarter of the fiscal year ending March 2027. However, there is no change to the earnings forecast for the second quarter and full year of the fiscal year ending March 2027, announced in July 2026.
Key Figures
- Loans: 1,000 hundred million yen (Share of consolidated net assets as of end-March 2026 0.52%)
- Full provision for claims planned: First quarter of the fiscal year ending March 2027
- No change to earnings forecast: as announced on May 12, 2026 for the second quarter and full year of the fiscal year ending March 2027
AI要約
Overview
The counterparty Zentou-Shin Co., Ltd. has announced that bankruptcy proceedings have been initiated by the Osaka District Court. For portions of our claims not secured by collateral, we plan to make a full provision in the first quarter of the fiscal year ending March 2027; however, there is no change to the earnings forecast for the second quarter and full year of the fiscal year ending March 2027 announced in July 2026.
Impact and Outlook
The provision for claims may pose a financial negative, but the timing of the provision for the collateral-deficient portion is explicit, and the earnings forecast itself is not currently affected. Strengthening credit risk management in response to the counterparty's bankruptcy filing is expected.
Shikoku Bank Ltd.
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