TOKYO, Jun 01 (Pulse News Wire) – Sotoh CO.,LTD. (3571.T) warned of potential bad debt arising from its subsidiary Geno's dealings with a client.
On May 29, 2026, the client, located in Kafka Kabushiki Kaisha, indicated plans to cease operations and file for bankruptcy. Geno, based in Osaka, Osaka Shi Chuuou Kunai Honchou Ni Choume and engaged in wholesale, retail, and OEM businesses related to Man Apparel Seihin, reported a receivable amount of ¥83 million from the client.
This represents 0.6% percent of Geno’s net assets as of March 31, 2026. In anticipation of possible loan defaults, Sotoh expects to record provisions for doubtful debts totaling the aforementioned amount within the sales and general administrative expenses for the fiscal year ending March 2027.
The company currently does not disclose earnings forecasts but will promptly release any future reasonable predictions.
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