UFJ Holdings Inc. said Monday three banks under its wing may be unable to recover or face a delay in recovering a total of 12.333 billion yen in loans as socks maker Fukusuke Corp. applied for court protection from creditors.
The claims on loans under review break down into 9.848 billion yen for UFJ Bank, 1.528 billion yen for UFJ Trust Bank and 957 million yen for Senshu Bank.
Fukusuke and two of its affiliates filed last week with the Osaka District Court for protection under the fast-track Civil Rehabilitation Law.
UFJ Holdings also said the three banks may face a delay in collecting 28.378 billion yen in loans to three public-private joint ventures which last week asked the Osaka Summary Court for protection from creditors.
The three Osaka-based entities are the Asia and Pacific Trade Center, the World Trade Center Osaka and Minatomachi Development Center.
UFJ Holdings said both cases will not affect its consolidated earnings outlook for this business year.
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