(Progress of Announced Matter) Notice of Possible Uncollectibility or Delay in Collection of Claims Held by Subsidiary Companies
June 24, 2022
Resona Holdings, Inc.
Resona Holdings, Inc. (the "Company") hereby announces that Marelli Holdings Co., Ltd. (the "Customer"), which is a customer of Resona Bank, Ltd. and Saitama Resona Bank, Ltd., subsidiaries of the Company, and which submitted a draft plan for business turnaround under the turnaround alternative dispute resolution procedure on May 31, 2022, made a petition for the commencement of civil rehabilitation proceeding today, and claims to that company may become uncollectible or collection may be delayed.
The Company understands that the Customer plans to initiate necessary procedures for filing a motion for Simplified Rehabilitation.
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
Petition for the commencement of civil rehabilitation proceeding on June 24, 2022.
3. Type and amount of the claims to the Customer (as of June 24, 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
There is no change to the target results for the fiscal year ending March 31, 2023 announced on May 12, 2022.
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