Q&A regarding upcoming corporate reorganization procedures

October 20, 2025
Reorganization company　Nakagawa Planning and Construction Co., Ltd.Trustee Lawyer　Daichi Takagi

　Nakagawa Planning & Construction Co., Ltd. received a decision to commence corporate reorganization proceedings from the Osaka District Court on October 20, 2025.
　We have created a FAQ to answer commonly asked questions, so please check it out below.

【Table of Contents】
1　General questions regarding corporate reorganization procedures　　　　　　　　　　　　　Page 1
2　Questions about customers doing business with Nakagawa Planning & Construction Co., Ltd.　　　　Page 2
3　Questions about filing proofs of claim　　　　　　　　　　　　　　　　　　　Page 2

1 General questions regarding corporate reorganization procedures
　Q1　What will be the next steps?
　A1　As stated in the Decision on the Commencement of Corporate Reorganization Proceedings, which has been separately disclosed, we will accept proofs of claim from creditors, which must be received by November 20, 2025 (Claim Proof Period).
　　　In response to your claims, the trustee will confirm our company's debts by accepting or rejecting the claims, and will also conduct an asset appraisal to determine the assets and liabilities of the reorganized company (as of the date of the decision to commence corporate reorganization proceedings).
　　　After determining our assets and liabilities, we will consider how we can repay our creditors and prepare a proposed reorganization plan (the deadline for submitting the proposed reorganization plan is scheduled for March 23, 2026).
　　　Once a reorganization plan is submitted to the court, it will be submitted to the court for consideration and a resolution will be made on the plan. If the consent of a statutory majority of creditors is obtained, the reorganization plan will be passed, and the details and methods of repayment to creditors will be determined by the approval of the reorganization plan.
　　　At present, we are not yet in a position to predict what kind of rehabilitation plan will be put in place, so we ask for your understanding on this point.
　　＜Schedule of reorganization proceedings (summary: see commencement order)＞
　　　Decision to commence corporate reorganization proceedings・・・・・October 20, 2020 3:00 p.m.
　　　Claim filing period・・・・・・・・・From October 20th to November 20th, 2025
　　　Deadline for submission of approval/denial・・・・・・・・December 19, 2020
　　　Deadline for submission of reorganization plan・・・・・March 23, 2020
　　　Voting on the reorganization plan・・・・・・・Approximately 2 to 3 months after the deadline for submitting the reorganization plan
　　　Approval of the proposed reorganization plan・・・・・Immediately after the resolution is passed

　Q2　When will the debt be paid and when is it expected to be paid?
　A2　We are sorry, but as stated in A1 of Q1 above, the details and methods of repayment to creditors will all be determined by the proposed reorganization plan.
　　　After the proposed rehabilitation plan is submitted (scheduled for March 23, 2026), we will provide further information regarding the procedures that will follow, so please wait until then.


2 Questions about customers doing business with Nakagawa Planning & Construction Co., Ltd.
　Q1　Will transactions continue even after the decision to commence corporate reorganization proceedings has been made? Also, will the accounts receivable be paid?
　A1　After the decision to commence corporate reorganization proceedings is made, the trustee will assume the right to execute business and manage assets of Nakagawa Planning & Construction Co., Ltd. and continue the business, so we ask for your continued business with us. We will pay the full amount of any debts that Nakagawa Planning & Construction Co., Ltd. incurs as a result of these transactions.

　Q2　I have heard that, as an exception to the provisional measures prohibiting repayment, if the total amount of debts arising from causes prior to October 8, 2025, is 100,000 yen or less, repayment of small claims is possible. Will repayment of small claims still be possible after the decision to commence rehabilitation proceedings has been made?
　A2　As a legal effect of the decision to commence corporate reorganization proceedings, a prohibition on repayment has been imposed, and we will make repayments in accordance with the approved reorganization plan, and are therefore unable to make any payments at this time.


3 Questions about filing proofs of claim
　Q1　I received a proof of claim, what should I do?
　A1　Please submit your proof of claim by the deadline of November 20, 2025 (it must arrive on the same day).
　　 Please refer to the enclosed sample form for how to submit the notification and important points to note. If you have any questions, please contact the Trustee's Office.

　Q2　Can I submit a proof of claim using a form other than the one sent to me?
　A2　Please be sure to use the proof of claim form we sent you.

　Q3　What happens if I don't file a claim?
　A3　If you do not file a claim, you will lose your right to exercise your voting rights and receive a certain percentage of your repayments. If you file a claim, please make sure it arrives by November 20, 2025, which is the deadline for filing a claim. Even if you submit your claim within the deadline, there is a chance that your claim may not be filed within the deadline due to incomplete documents, etc. Early filing will allow us to take action to correct any incomplete documents, so please file as soon as possible.

　Q4　What kind of seal is required to stamp the claim notification form?
　A4　It is not necessary to use a registered seal; a "certified seal" will suffice (in the case of a corporation, be sure to affix the "company representative seal"). Please note that you may be required to use the registered seal again in future procedures such as payment. Please be sure to make a copy of the Proof of Claim Form with your seal and keep it on hand so that you can identify which seal was used in the future.

　Q5　Is it acceptable to attach a copy of the qualification certificate (in the case of a corporation) to the claim form?
　A5　Please attach the original. Please note that the qualification certificate must have been obtained within the last three months prior to the date of submission of the notification.

　Q6　How can I find out whether the trustee has accepted or rejected the claim I have filed?
　A6　The trustee will prepare a statement of admission and denial and submit it to the Osaka District Court.
　　 Creditors who have filed a claim and whose claims have not been approved will be sent a "Notice of Approval or Rejection." The specific timing of this notification has not yet been decided.

That's all.

Download the PDF here.