TOKYO, Jun 30 (Pulse News Wire) – Luckland CO.,LTD. (9612.T) announced today that its board of directors approved the transfer of long-term receivables to a third party.
The decision follows the recognition of a special loss of ¥599 million due to doubtful accounts provision related to specific trade debtors during the fourth quarter of fiscal 2025 ending December 31, 2025. The company evaluated various factors such as the debtor's financial condition, future revenue environment, and recent economic conditions, particularly concerning interest rate expectations. Based on this assessment, Luckland concluded that transferring the remaining receivable balance was the optimal course of action.
The transfer will take place to the guarantor company of the debtor for ¥869 million. Key details of the agreement include: - Debtor: A specific trading partner - Recipient: Guarantor company of the debtor - Remaining receivable balance: ¥1.472 billion - Transfer amount: ¥869 million The transfer will occur, coinciding with the resolution and contract signing dates. Regarding the impact on performance, Luckland stated that since the special loss of ¥599 million had already been recognized in the fourth quarter of fiscal 2025, the effect of this transfer on their results would be minor.
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