Money Forward, Inc. (JP:3994) has released an update.
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Money Forward, Inc. reports a potential risk of uncollectible receivables from a counterparty, For WORKERS Co., Ltd., due to the latter’s debt restructuring efforts. As a result of this situation, the company has recorded an operating loss but maintains that its full-year financial guidance remains unchanged. The affected receivables are fully insured, mitigating the financial impact.
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