Notice of Possible Uncollectibility or Delay in Collection of Claims Held by Subsidiary Companies
May 31, 2022
Resona Holdings, Inc.
Resona Holdings, Inc. (the "Company") hereby announces that, as a result of submission by Marelli Holdings Co., Ltd. (the "Customer"), which is a customer of Resona Bank, Ltd. and Saitama Resona Bank, Ltd., subsidiaries of the Company, of a draft plan for business turnaround under the turnaround alternative dispute resolution procedure on May 31, 2022, claims to that company may become uncollectible or collection may be delayed, as described below.
1. Outline of the Customer
|Name||Marelli Holdings Co., Ltd.|
|Location||2-1917 Nisshin-cho, Kita-ku, Saitama-city, Saitama, Japan|
|Name of representatives||David John Slump, Representative Director
Hiroshi Moriya, Representative Director
|Line of business||Manufacturing of automotive parts|
|Amount of capital||17,154 million yen|
|Date of establishment||October 6, 2016|
2. Event that occurred with respect to the Customer and date of the occurrence of such event
Submission of a draft plan for business turnaround under the turnaround alternative dispute resolution procedure on May 31, 2022.
3. Type and amount of the claims to the Customer (as of May 31, 2022)
Loan in the amount of 44,342 million yen (ratio to consolidated net assets: 1.8%).
4. Effect of the event on the results of the Company
The Company posted the necessary reserve for possible losses with respect to the foregoing loan claims in the amount of 44,342 million yen in the fiscal year ended March 31, 2022 and there is no plan for further reserve. There is no change to the target results for the fiscal year ending March 31, 2023 announced on May 12, 2022.Download PDF File