Counterparty Credit Concerns Before Receipt of Construction Payment
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Accordingly, if a business partner encounters credit concerns before receiving payment for construction work, this may affect the Group's business performance and other matters through the recognition of provisions or other measures. The Group continuously collects and analyzes information to protect its receivables.」
It continues to address counterparty credit risk before receiving payment for construction work and to collect and analyze information to protect its receivables. - FY2020MitigatedAnnual report
「The Group continuously collects and analyzes information to protect its receivables.」
In response to counterparty credit risk before receiving payment for construction work, it continues to collect and analyze information to protect its receivables. - FY2019RestatedAnnual report
「Accordingly, if a business partner encounters credit concerns before receiving payment for construction work, this may affect the Group's business performance and other matters.」
It continues to describe counterparty credit risk before receiving payment for construction work. - FY2018RestatedAnnual report
「Accordingly, if a business partner encounters credit concerns before receiving payment for construction work, this may affect the Group's business performance and other matters.」
It continues to describe counterparty credit risk before receiving payment for construction work. - FY2017RestatedAnnual report
「Accordingly, if a business partner encounters credit concerns before receiving payment for construction work, this may affect the Group's business performance and other matters.」
It continues to describe counterparty credit risk before receiving payment for construction work. - FY2016First statedAnnual report
「Accordingly, if a business partner encounters credit concerns before receiving payment for construction work, this may affect the Group's business performance and other matters.」
It identifies the counterparty credit risk specific to the construction industry, where contract amounts are large and payment is often made upon handover.