The Nanto Bank, Ltd.
Notice Regarding Initiation of Bankruptcy Proceedings by a Counterparty (No Change to Bank’s Earnings Guidance)
announces that the counterparty Zento-Shin has been officially subjected to bankruptcy proceedings by Osaka District Court. Of the approximately 500 million yen in lending, about 300 million yen will be written off with no collateral or reserve, to be fully reserved in the first quarter of the fiscal year ending March 2027. There will be no changes to the consolidated earnings forecast for the second quarter or full-year 2027.
Key Figures
- Loans: 500 million yen
- Uncollateralized claims subject to reserve: about 300 million yen
- Fiscal 2027 Q2 and full-year: No earnings forecast change
AI要約
Key points of the news
The bankruptcy proceedings for the counterparty Zento-Shin have been officially decided by the Osaka District Court. Nanto Bank plans to fully reserve about 300 million yen of the 500 million yen in loans, with no collateral or reserve, in the first quarter of fiscal year ending March 2027.
Impact and outlook going forward
There is no change to the consolidated earnings forecast for the second quarter and full year of fiscal 2027 that has already been announced. The financial impact is expected to be limited to the recognition of the reserve, but full recognition of unsecured, non-collateralized claims may have a short-term impact on net assets.
Nanto Bank Ltd.
Company overview · Stock price · Financial data · All IR
