3,803 companies
7,534 AI summaries
6,131 risk analyses
2,986 growth scores
Register free — watchlist & alerts →
🔔 Get free email alerts on NAGAOKA INTERNATIONAL CORPORATION (6239)
AI summaries of Japanese EDINET filings — in English. Free, unsubscribe anytime.
- ✓ Email alert when 6239 files its next EDINET disclosure
- ✓ AI summary · sentiment · risk · growth (JA / EN)
- ✓ Free account: watchlist & alerts on all the stocks you follow
EDINET 6239 Negative Risk Analyzed
NAGAOKA INTERNATIONAL CORPORATION
Extraordinary Report ／ 2026-08-07 17:01
Covers EDINET statutory filings (TDNET timely disclosures / earnings flashes are not included).
EarningsImpairment
AI Summary
2026-08-07 17:05
STEP project for SONATRACH (Algerian state oil company) halted due to Petrofac's financing issues. Restart timing and payment recovery outlook remain unclear. ¥196M allowance for doubtful accounts recognized in FY2026, significantly impacting profit.
KEY POINTS
- Manufacturing suspended due to financing problems of Petrofac (UK) in the JV with HQC (China)
- Restart timeline and payment recovery highly uncertain; negotiations ongoing with SONATRACH
- ¥196M provision for doubtful accounts recorded in FY2026 results, materially reducing operating profit
📊 Revenue
N/A
💰 Operating profit
Significant OP decline (¥196M allowance for doubtful accounts recognized)
🔮 Outlook
Manufacturing restart and payment collection timeline uncertain; negotiations with SONATRACH and JV ongoing.
Risk and growth scores and tags are AI-generated estimates from analyzing the disclosure. They are not guarantees of fact, nor investment advice or recommendations. Make investment decisions at your own discretion.
⚠️ Extracted Risk Factors
| Category | Description | Score | New |
|---|---|---|---|
| Credit Risk | SONATRACH STEP project receivable of ¥196M at risk due to Petrofac's financing issues. Collection and manufacturing restart timing remain highly uncertain. | 9/10 | |
| Earnings Deterioration Risk | FY2026 operating profit severely impacted by ¥196M provision; YoY OP decline of -58.5% anticipated. | 9/10 | |
| Customer Concentration Risk | SONATRACH is a significant project customer; manufacturing halt materially impacts FY2026 results and future revenue visibility. | 8/10 | |
| Supply Chain Risk | Partner Petrofac's financial distress directly halts manufacturing progress and payment collection for the joint venture project. | 8/10 | |
| Regulatory/Geopolitical Risk | Large-scale project with Algerian state-owned enterprise; geopolitical and regulatory changes could affect contract renegotiation and restart. | 6/10 |
9/10
Credit Risk
SONATRACH STEP project receivable of ¥196M at risk due to Petrofac's financing issues. Collection and manufacturing restart timing remain highly uncertain.
9/10
Earnings Deterioration Risk
FY2026 operating profit severely impacted by ¥196M provision; YoY OP decline of -58.5% anticipated.
8/10
Customer Concentration Risk
SONATRACH is a significant project customer; manufacturing halt materially impacts FY2026 results and future revenue visibility.
8/10
Supply Chain Risk
Partner Petrofac's financial distress directly halts manufacturing progress and payment collection for the joint venture project.
6/10
Regulatory/Geopolitical Risk
Large-scale project with Algerian state-owned enterprise; geopolitical and regulatory changes could affect contract renegotiation and restart.
Track Japanese disclosures with JSIGNAL
AI summaries, risk & growth analysis, watchlist alerts and a screener for every Japanese listed company.
Start free — 30-day trial Login