Credit Risk Management Through Collection Monitoring of Accounts Receivable for Completed Construction Work
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 18 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Contract assets, which are trade receivables, are regularly monitored by the responsible personnel in accordance with prescribed procedures to identify payment delays at an early stage and reduce collection risk. For transactions of particularly high materiality, including in terms of amount, the management committee decides whether to execute the transactions and receives reports on collection status.」
Credit risk management through regular monitoring of contract asset collections and reporting of material transactions to the management committee continues. - FY2021First statedAnnual report
「For trade receivables, the responsible personnel regularly monitor collection status in accordance with prescribed procedures to identify payment delays at an early stage and reduce collection risk. For transactions of particularly high materiality, including in terms of amount, the management committee decides whether to execute the transactions and receives reports on collection status.」
A specific framework for managing credit risk related to contract assets through regular monitoring and reporting to the management committee is described for the first time.