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Lenders Seek $700 Million After Japan Payments Firm’s Collapse

Lenders Seek $700 Million After Japan Payments Firm’s Collapse
Bloomberg Markets Thursday 09 July 2026, 06:40 UTC By Taiga Uranaka, Hideki Suzuki 1 min read
Key Points

Lenders Seek $700 Million After Japan Payments Firm’s Collapse Creditors across Japan are trying to claw back more than $700 million from a payments firm suspected to have faked its financial statement for at least 20 years and abruptly collapsed into bankruptcy this week. The financial failure of Osaka-based Zentoshin Co. has left 63 creditors with claims totaling ¥115.16 billion ($709 million), according to Tokyo Shoko Research. The creditors are mostly regional banks and other local...

Lenders Seek $700 Million After Japan Payments Firm’s Collapse Creditors across Japan are trying to claw back more than $700 million from a payments firm suspected to have faked its financial statement for at least 20 years and abruptly collapsed into bankruptcy this week. The financial failure of Osaka-based Zentoshin Co. has left 63 creditors with claims totaling ¥115.16 billion ($709 million), according to Tokyo Shoko Research. The creditors are mostly regional banks and other local lenders, with the biggest amount owed to Kinkisangyou Shinkumi Bank in Osaka at about ¥22 billion, the credit research firm wrote in a report.
Japan (LOCATION) Collapse Creditors (ORG) Osaka (LOCATION) Zentoshin Co. (ORG) Tokyo Shoko Research (ORG) Kinkisangyou Shinkumi Bank (ORG)
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