The Bank Of Kochi, Ltd.
Notice regarding the collection risk of receivables or potential delay in collection
Out of the loan exposure of 373 million yen to the debtor, ASA Machinery Co., Ltd., the portion without collateral or provisioning of 131 million yen is planned to be fully provisioned in the first quarter of the fiscal year ending March 2027. Impact on earnings is being examined.
Key Figures
- Loans: 373 million yen
- Unsecured receivables: 131 million yen
- Counterparty: Asahi Giken Co., Ltd.
AI要約
Overview
Today we received notice that the debtor, Asahi Giken Co., Ltd., has begun preparations for bankruptcy proceedings. Consequently, the risk of receivables collection inability or delay has arisen for our bank regarding the subject receivables. The receivable amount is 373 million yen, of which 131 million yen is not secured by collateral or provisioning.
Financial impact and response
We plan to record the full provision of 131 million yen in the first quarter of the fiscal year ending March 2027. The impact on future earnings guidance is currently being examined, and we will disclose promptly if necessary.
Kochi Bank
Company overview · Stock price · Financial data · All IR
