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DAITO GYORUI CO LTD Expects Extraordinary Loss for FY 2013

Monday, 22 Apr 2013 02:00am EDT 

DAITO GYORUI CO LTD announced that it is expecting an extraordinary loss of JPY 1,090 million, as bad debt allowance for the fiscal year ended March 31, 2013, in addition to the bad debt allowance of JPY 1,240 million recorded to the third quarter of fiscal year ended March 31, 2013. This is mainly because of its concern of uncollectible receivables in the amount of JPY 2,330 million from Atlantis Co. Ltd. , which is engaged in the import and sale of fishery products. The concern of uncollectible receivables was previously disclosed on January 11, 2013. 

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22 Sep 2014