San ju San Financial Group,Inc.
Notice Regarding Bad Debts Collection Risk or Delays in Its Subsidiaries
Due to the bankruptcy proceeding decision of a counterpart, the subsidiary’s receivables of about 5,000 million yen are at risk of non-collection or collection delays. Provisions totaling approximately 2.7 billion yen, not secured by collateral or allowances, will be recorded in the second quarter of the fiscal year ending March 2027. There is no change to the consolidated earnings guidance announced in May 2026.
Key Figures
- Loans: 5,000 million yen
- Unsecured amounts not covered by collateral or allowances: Approximately 2.7 hundred million yen
- Impact target: Provisions to be recorded in Q2 FY2027
AI要約
Background and Facts
The subsidiary Sanjuusankin Bank, a related party, disclosed that Osaka District Court has issued a bankruptcy proceeding decision for its client, Zen To Shin, resulting in the risk of non-collection or collection delays on the receivable from the subsidiary. The target receivable is a loan of 5,000 million yen, representing 2.16% of consolidated net assets at the end of March 2026.
Financial impact and responses
Approximately 2.7 billion yen not covered by collateral or allowances will be provisioned in the second quarter of FY2027. Also, there is no change to the consolidated earnings forecast for the second quarter and full year of FY2027, which was announced on May 15, 2026.
Sanjusan Financial Group Co., Ltd.
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