NFK Holdings Posts Full Recovery of Overseas Receivables

TOKYO, Jul 14 (Pulse News Wire) – NFK Holdings Co.,ltd (6494.T) announced today that it has fully recovered receivables amounting to ¥35.5 million from an overseas client, which had previously led to the recognition of a provision for doubtful debts totaling ¥35.5 million. The recovery was achieved through legal actions initiated following delayed payments of ¥35.5 million out of the total contract value of ¥40.6 million related to combustion equipment supplied to a Malaysian oil company via an intermediary.

The recovered receivable represents approximately 0.54% of the company's consolidated net assets as of March 31, 2026. As a result, NFK Holdings expects to recognize the entire provision reversal as extraordinary income in its consolidated profit and loss statement for the fiscal year ending March 2027.

Regarding future earnings impact, the company anticipates recognizing the provision reversal benefit in the second quarter of the fiscal year ending March 2028. A detailed assessment of the overall impact on the full-year forecast remains ongoing, and further updates will be provided once finalized.