Risk of delays or defaults in collecting construction payments due to deterioration in the client's creditworthiness
First written in FY2016. 9 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To avoid the risk of non-collection of contract proceeds, the Company has established regulations for order screening and related rules, collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to conduct order screening, collect credit information and take preventive measures against uncollectible receivables through the Legal and Compliance Office. - FY2025RestatedAnnual report
「The Company collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to conduct order screening, collect credit information and take preventive measures against uncollectible receivables through the Legal and Compliance Office. - FY2024RestatedAnnual report
「To avoid the risk of non-collection of contract proceeds, the Company has established regulations for order screening and related rules, collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to conduct order screening, collect credit information and take preventive measures against uncollectible receivables through the Legal and Compliance Office. - FY2023RestatedAnnual report
「To avoid the risk of non-collection of contract proceeds, the Company has established regulations for order screening and related rules, collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to collect credit information, conduct order screening and take preventive measures against uncollectible receivables through the Legal and Compliance Office. - FY2022RestatedAnnual report
「To avoid the risk of non-collection of contract proceeds, the Company has established regulations for order screening and related rules, collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to collect credit information, conduct order screening and take preventive measures against uncollectible receivables through the Legal and Compliance Office. - FY2021RestatedAnnual report
「The Company has established regulations for order screening and related rules, collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office, but」
Continues to describe the risk of collection delays and bad debts resulting from deterioration in customers' creditworthiness, and the response through order screening and credit management. - FY2019RestatedAnnual report
「The Company collects credit information, including information on customers' business conditions, in the course of soliciting orders and conducts credit management, while taking preventive measures against uncollectible receivables, led by the Legal and Compliance Office.」
Continues to describe the risk of collection delays and bad debts resulting from deterioration in customers' creditworthiness, and the response through order screening and credit management. - FY2018RestatedAnnual report
「There is always a risk that collection of contract proceeds may be delayed or become uncollectible if the customer's financial condition changes before handover, or if sudden changes in the financial environment or economic conditions impede financing, business execution or other activities.」
Continues to describe the risks of collection delays and bad debts resulting from changes in customers' creditworthiness and the financial and economic environment, along with measures involving order screening and credit management. - FY2017RestatedAnnual report
「Because construction projects take a considerable period from contract award to completion, there is always a risk that collection of contract proceeds may be delayed or become uncollectible if the customer's financial condition changes before handover, or if sudden changes in the financial environment or economic conditions impede financing, business execution or other activities.」
Continues to describe the risk of collection delays and bad debts resulting from changes in customers' creditworthiness and the financial and economic environment, and presents measures such as credit management. - FY2016First statedAnnual report
「There is an ongoing risk that collection of construction payments may be delayed or become uncollectible if the customer's financial condition changes before handover, if sudden changes in financial or economic conditions disrupt financing or business operations, or if disputes arise with the customer due to individual circumstances.」
It describes delays in collection and bad debts resulting from changes in the customer's credit status during the period from receiving an order through completion and handover.