The consolidated subsidiary Kyokuyo (Thailand) Co., Ltd. has received a bankruptcy trustee order from the Thai court, commencing bankruptcy proceedings with total liabilities of 291 million baht (approximately 1,446 million yen).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-04-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/1301-20260427-01.pdf","jir_short_summary":"The consolidated subsidiary Kyokuyo (Thailand) Co., Ltd. has received a bankruptcy trustee order from the Thai court, commencing bankruptcy proceedings with total liabilities of 291 million baht (approximately 1,446 million yen).","jir_summary":"### Regarding Commencement of Bankruptcy Proceedings of Consolidated Subsidiary\nOur consolidated subsidiary Kyokuyo (Thailand) Co., Ltd. (KKT) was ordered by the Supreme Court on October 7, 2024, to pay 279 million baht plus interest from the judgment date, following a factoring claim lawsuit filed by Krung Thai Bank Company Limited in Thailand. On April 27, 2026, the Thai court issued a bankruptcy trustee order, and the bankruptcy proceedings will proceed under the management of the trustee.\n\n### Financial Condition and Impact on Our Company\nAs of the end of December 2025, KKT\u2019s total liabilities amounted to 291 million baht (approximately 1,446 million yen), and net assets stood at -210 million baht. Our company has already recorded an impairment loss on KKT\u2019s shares, carrying a memorandum value of 1 yen, and holds no receivables against KKT. In the consolidated financial statements, a full provision for litigation losses has been recorded. Therefore, no new loss is expected, and the impact of the commencement of bankruptcy proceedings is judged to be minimal.","jir_financial_highlights":"Total Liabilities: 291 million baht (approximately 1,446 million yen) (Unknown)\nNet Assets (Fiscal year ending December 2025): -210 million baht (Unknown)\nNet Income (Fiscal year ending December 2025): -9 million baht (Unknown)","jir_category":"","jir_hashtags":"#Kyokuyo, #SubsidiaryBankruptcy, #general_ir, #JapaneseStocks","jir_key_figures":"Total Liabilities: 291 million baht (approximately 1,446 million yen, as of end of December 2025)\nNet Assets: -210 million baht (as of end of December 2025)\nNet Income: -9 million baht (Fiscal year ending December 2025)","jir_meta_title":"Kyokuyo: Commencement of Bankruptcy Proceedings for Consolidated Subsidiary Kyokuyo (Thailand) | April 2026","jir_meta_description":"Kyokuyo's consolidated subsidiary Kyokuyo (Thailand) has received a bankruptcy trustee order from the Thai court, commencing bankruptcy proceedings with liabilities of 291 million baht (approximately 1,446 million yen). The impact on consolidated earnings is minimal.","jir_og_title":"Kyokuyo Announces Commencement of Bankruptcy Proceedings for Consolidated Subsidiary | April 2026","jir_og_description":"Kyokuyo's consolidated subsidiary Kyokuyo (Thailand) has been ordered bankruptcy trustee status and has commenced bankruptcy proceedings. Total liabilities amount to 291 million baht (approximately 1,446 million yen). The impact on consolidated earnings is minimal.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17196,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-43056","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n