Customer credit risk
First written in FY2016. 11 of 13 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Group has established a comprehensive framework to mitigate credit risk, including rigorous real-time credit management for business partners using external research agencies and other sources, as well as contract reviews by the legal department.」
Real-time credit management and contract reviews by the legal department are being continued. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2019-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2019-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2018RestatedAnnual report
「The COMSYS Group has established a comprehensive framework to mitigate credit risk, including rigorous real-time credit management for business partners using external research agencies and other sources, as well as contract reviews by the legal department.」
Real-time credit management and contract reviews are being continued in response to credit concerns involving business partners. - FY2018-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The business partners' credit risk is treated as having undergone no material change. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2018-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2017MitigatedAnnual report
「The COMSYS Group has established a comprehensive framework to mitigate credit risk, including rigorous real-time credit management for business partners using external research agencies and other sources, as well as contract reviews by the legal department.」
It specifies real-time credit management and contract reviews by the legal department as measures to address business partners' credit risk. - FY2017-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there has been no material change in the business partners' credit risk. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The business partners' credit risk is treated as having undergone no material change. - FY2017-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The business partners' credit risk is treated as having undergone no material change. - FY2016First statedAnnual report
「If a business partner experiences credit concerns, there is a risk that the Group's performance will be affected, through the occurrence of uncollectible construction receivables if the partner is a customer, or construction delays if the partner is a subcontractor.」
The customer-side risk of uncollectible receivables and the subcontractor-side risk of construction delays are described separately.