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Sun Capital Management Corp Announces Uncollectible Receivables; Expects Extraordinary Profit for FY 2014

Tuesday, 3 Sep 2013 01:30am EDT 

Sun Capital Management Corp announced that it is expecting uncollectible receivables of JPY 277 million to Evolution Support Systems Co., Ltd., due to Evolution Support Systems Co., Ltd.'s filing for bankruptcy procedure. Due to this development, the Company is expecting an extraordinary profit of JPY 103 million due to reverse of business loss allowance for the fiscal year ending March 2014. 

Company Quote

3.0 +1.89%
9:45pm EDT