Yomiuri: Japan's JA Mitsui Leasing Expects Net Loss Over First Brands Transactions

Dow Jones02-03

By Yuma Ikeshita / Yomiuri Shimbun Staff Writer

JA Mitsui Leasing Ltd., a major Japanese leasing company funded by Norinchukin Bank and Mitsui & Co., announced Tuesday that it will recognize 150.5 billion yen in allowance for doubtful accounts, in relation to accounts receivables acquired from U.S. auto parts supplier First Brands Group.

The Japanese leasing company added that it now forecasts a net loss of 115.7 billion yen in fiscal 2025, which ends in March. The company reported a net profit of 37.4 billion yen in the previous fiscal year.

Due to the company's deteriorating financial situation, it has requested support from Norinchukin and Mitsui. It is also in discussions to arrange a syndicated loan from Norinchukin, the three Japanese megabanks and Sumitomo Mitsui Trust Bank Ltd.

JA Mitsui Leasing decided to record the allowance for doubtful accounts after determining it would be difficult to collect payment for accounts receivable purchased by a U.S. subsidiary from First Brands, which has filed for bankruptcy.

----

This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

YDN-M0000177582-1

(END) Dow Jones Newswires

February 03, 2026 03:53 ET (08:53 GMT)

Copyright (c) 2026 The Yomiuri Shimbun

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2608666826?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-03 16:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608666826","market":"hk","top_or_hot":-1,"title":"Yomiuri: Japan's JA Mitsui Leasing Expects Net Loss Over First Brands Transactions","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Yuma Ikeshita / Yomiuri Shimbun Staff Writer \n</p>\n<p>\n  JA Mitsui Leasing Ltd., a major Japanese leasing company funded by Norinchukin Bank and <a href=\"https://laohu8.com/S/MITSF\">Mitsui &amp;</a>amp; Co., announced Tuesday that it will recognize 150.5 billion yen in allowance for doubtful accounts, in relation to accounts receivables acquired from U.S. auto parts supplier First Brands Group. \n</p>\n<p>\n  The Japanese leasing company added that it now forecasts a net loss of 115.7 billion yen in fiscal 2025, which ends in March. The company reported a net profit of 37.4 billion yen in the previous fiscal year. \n</p>\n<p>\n  Due to the company's deteriorating financial situation, it has requested support from Norinchukin and Mitsui. It is also in discussions to arrange a syndicated loan from Norinchukin, the three Japanese megabanks and <a href=\"https://laohu8.com/S/SMFNF\">Sumitomo Mitsui</a> Trust Bank Ltd. \n</p>\n<p>\n  JA Mitsui Leasing decided to record the allowance for doubtful accounts after determining it would be difficult to collect payment for accounts receivable purchased by a U.S. subsidiary from First Brands, which has filed for bankruptcy. \n</p>\n<p>\n    ---- \n</p>\n<p>\n  This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content. \n</p>\n<p>\n  YDN-M0000177582-1 \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 03:53 ET (08:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 The Yomiuri Shimbun\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yomiuri: Japan's JA Mitsui Leasing Expects Net Loss Over First Brands Transactions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYomiuri: Japan's JA Mitsui Leasing Expects Net Loss Over First Brands Transactions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-03 16:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Yuma Ikeshita / Yomiuri Shimbun Staff Writer \n</p>\n<p>\n  JA Mitsui Leasing Ltd., a major Japanese leasing company funded by Norinchukin Bank and <a href=\"https://laohu8.com/S/MITSF\">Mitsui &amp;</a>amp; Co., announced Tuesday that it will recognize 150.5 billion yen in allowance for doubtful accounts, in relation to accounts receivables acquired from U.S. auto parts supplier First Brands Group. \n</p>\n<p>\n  The Japanese leasing company added that it now forecasts a net loss of 115.7 billion yen in fiscal 2025, which ends in March. The company reported a net profit of 37.4 billion yen in the previous fiscal year. \n</p>\n<p>\n  Due to the company's deteriorating financial situation, it has requested support from Norinchukin and Mitsui. It is also in discussions to arrange a syndicated loan from Norinchukin, the three Japanese megabanks and <a href=\"https://laohu8.com/S/SMFNF\">Sumitomo Mitsui</a> Trust Bank Ltd. \n</p>\n<p>\n  JA Mitsui Leasing decided to record the allowance for doubtful accounts after determining it would be difficult to collect payment for accounts receivable purchased by a U.S. subsidiary from First Brands, which has filed for bankruptcy. \n</p>\n<p>\n    ---- \n</p>\n<p>\n  This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content. \n</p>\n<p>\n  YDN-M0000177582-1 \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 03:53 ET (08:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 The Yomiuri Shimbun\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4104","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608666826","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608666826","pubTimestamp":1770108780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"JA Mitsui Leasing Ltd., a major Japanese leasing company funded by Norinchukin Bank and Mitsui & Co., announced Tuesday that it will recognize 150.5 billion yen in allowance for doubtful accounts, in relation to accounts receivables acquired from U.S. auto parts supplier First Brands Group.The Japanese leasing company added that it now forecasts a net loss of 115.7 billion yen in fiscal 2025, which ends in March. The company reported a net profit of 37.4 billion yen in the previous fiscal year.Due to the company's deteriorating financial situation, it has requested support from Norinchukin and Mitsui. It is also in discussions to arrange a syndicated loan from Norinchukin, the three Japanese megabanks and Sumitomo Mitsui Trust Bank Ltd.JA Mitsui Leasing decided to record the allowance for doubtful accounts after determining it would be difficult to collect payment for accounts receivable purchased by a U.S. subsidiary from First Brands, which has filed for bankruptcy.This article is fr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4104":"贸易公司与经销商","MITSY":"三井物产"},"translate_title":"读卖新闻：日本三井租赁预计First Brands交易将出现净亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITSY":0.9},"content_text":"By Yuma Ikeshita / Yomiuri Shimbun Staff Writer \n\n\n  JA Mitsui Leasing Ltd., a major Japanese leasing company funded by Norinchukin Bank and Mitsui &amp; Co., announced Tuesday that it will recognize 150.5 billion yen in allowance for doubtful accounts, in relation to accounts receivables acquired from U.S. auto parts supplier First Brands Group. \n\n\n  The Japanese leasing company added that it now forecasts a net loss of 115.7 billion yen in fiscal 2025, which ends in March. The company reported a net profit of 37.4 billion yen in the previous fiscal year. \n\n\n  Due to the company's deteriorating financial situation, it has requested support from Norinchukin and Mitsui. It is also in discussions to arrange a syndicated loan from Norinchukin, the three Japanese megabanks and Sumitomo Mitsui Trust Bank Ltd. \n\n\n  JA Mitsui Leasing decided to record the allowance for doubtful accounts after determining it would be difficult to collect payment for accounts receivable purchased by a U.S. subsidiary from First Brands, which has filed for bankruptcy. \n\n\n    ---- \n\n\n  This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content. \n\n\n  YDN-M0000177582-1 \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2026 03:53 ET (08:53 GMT)\n\n\n  Copyright (c) 2026 The Yomiuri Shimbun","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608666826","isCrawlerRequest":true}