Nagaoka International Corporation
Notice on the Recognition of Allowance for Doubtful Accounts (Sales, General and Administrative Expenses)
In the consolidated results for the fiscal year ending June 2026, an allowance for doubtful accounts of 196 million yen has been recognized due to uncertainty in receivable collection related to a SONATRACH-related project. This continues to introduce uncertainty in production progress and collection outlook. Further disclosures will be made as contract performance progresses.
Key Figures
- Allowance for doubtful accounts 196百万円
- Accounts receivable (contract assets) 393百万円
- Period: Fiscal year ending June 2026
AI要約
Impact on results and background
In the fiscal year ending June 2026, because the collection of contract assets related to the STEP project with our strengthened partner SONATRACH is uncertain, we recognized 196 million yen as an allowance for doubtful accounts in selling, general and administrative expenses. The relevant project continues to have uncertain production progress and timing of collection, which has been reflected in the earnings summary.
Outlook and actions going forward
We will continue to carefully monitor negotiations between SONATRACH and the joint venture toward contract fulfillment and take necessary actions as appropriate. If any matters require disclosure due to changes in circumstances, we will promptly disclose.
Nagao Kagaku? Wait:株式会社ナガオカ
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