Risk of collecting trade receivables as new customers increase
First written in FY2016. 4 of 28 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Tanabe Engineering moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 21 of 69 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Net cash provided by operating activities amounted to ¥1,938 million, down 85.0% from the previous fiscal year. Cash inflows included income before income taxes and other adjustments of ¥4,787 million, depreciation and amortization of ¥785 million, and an increase of ¥581 million in the provision for bonuses. These were offset by cash outflows including a ¥1,131 million increase in trade receivables and a ¥1,115 million decrease in advance payments received on uncompleted construction contracts.」
Trade receivables increased by ¥1,131 million, and net cash provided by operating activities fell sharply from ¥12,925.73 million in the previous fiscal year to ¥1,938.75 million. - 2026-05-13WorsenedResults
「売上債権の増加1,131百万円、未成工事受入金の減少1,115百万円等の支出があり、営業活動によるキャッシュ・フローは1,938百万円の収入（同85.0％減）となりました。」
売上債権が増加し、営業活動によるキャッシュ・フローは前年の129億円超の収入から19億円台へ縮小した。 - FY2026-H1WorsenedAnnual report
「Change in trade receivables (a △ indicates an increase) 2,864,559 △ 333,731 Net cash provided by operating activities amounted to ¥142 million. Income before income taxes and other adjustments was ¥2,115 million and depreciation and amortization was ¥365 million, while there were uses of cash including income taxes paid. Net cash provided by operating activities was ¥3,182 million in the same period of the previous year.」
Trade receivables increased by ¥333 million, and net cash provided by operating activities decreased from ¥3,182 million in the same period of the previous year to ¥142 million. No occurrence of uncollectible receivables was disclosed. - FY2025MitigatedAnnual report
「The decrease in trade receivables of ¥8,650 million and the increase in advance payments received on uncompleted construction contracts of ¥2,487 million, among other factors, provided cash. Despite uses of cash including a ¥2,437 million decrease in trade payables, net cash provided by operating activities amounted to ¥12,925 million, compared with net cash used of ¥4,740 million at the end of the previous fiscal year.」
Trade receivables decreased, and net cash from operating activities improved from an outflow of ¥4,740.55 million in the previous fiscal year to an inflow of ¥12,925.73 million. - FY2025-H1MitigatedAnnual report
「Cash and cash equivalents increased by ¥1,776 million during the interim consolidated accounting period, mainly due to a decrease in trade receivables and other factors, and amounted to ¥5,067 million at the end of the period. Income before income taxes and other adjustments was ¥1,848 million. Although trade payables decreased, the decrease in trade receivables and the increase in advance payments received on uncompleted construction contracts were substantial, resulting in net cash provided by operating activities of ¥3,182 million, compared with net cash used of ¥4,226 million in the same period of the previous year.」
Trade receivables decreased, and net cash from operating activities improved from an outflow of ¥4,226 million in the same period of the previous year to an inflow of ¥3,182 million. - FY2024WorsenedAnnual report
「The increase in trade receivables of ¥11,185 million and other factors resulted in net cash used in operating activities of ¥4,740 million, compared with net cash provided of ¥1,829 million at the end of the previous fiscal year.」
Trade receivables increased by ¥11,185 million, and net cash from operating activities changed to an outflow of ¥4,740.55 million, significantly increasing the funds tied up. - FY2024-Q3Increase in trade receivables, greater funds tied upAnnual report
「Current assets stood at ¥36,504 million at the end of the third quarter, an increase of ¥8,895 million from the end of the previous fiscal year. This was mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables.」
Current assets increased by ¥8,895 million from the end of the previous fiscal year due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. Funds tied up as trade receivables increased. - FY2024-Q2Increase in trade receivables, greater funds tied upAnnual report
「Current assets stood at ¥31,193 million at the end of the second quarter, an increase of ¥3,584 million from the end of the previous fiscal year, mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. Income before income taxes and other adjustments was ¥1,564 million, and although trade payables increased, the increase in trade receivables was substantial. As a result, net cash used in operating activities amounted to ¥4,226 million, up 63.2% from the same quarter of the previous year.」
Current assets increased by ¥3,584 million from the end of the previous fiscal year due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables, while net cash used in operating activities amounted to ¥4,269.6 million, mainly due to the increase in trade receivables. - FY2024-Q1Increase in trade receivables, funds tied upAnnual report
「Current assets stood at ¥28,354 million at the end of the first quarter, an increase of ¥745 million from the end of the previous fiscal year. This was mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables.」
Current assets increased by ¥745 million from the end of the previous fiscal year due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. No occurrence of uncollectible receivables was disclosed. - FY2023-Q3Increase in trade receivables, funds tied upAnnual report
「Current assets stood at ¥30,199 million at the end of the third quarter, an increase of ¥4,929 million from the end of the previous fiscal year. This was mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables.」
Current assets increased by ¥4,929 million from the end of the previous fiscal year due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. No occurrence of uncollectible receivables was disclosed. - FY2023-Q2Increase in trade receivables, larger cash outflow from operating activitiesAnnual report
「Cash and cash equivalents decreased by ¥939 million during the first six months of the fiscal year due to an increase in trade receivables and other factors, and amounted to ¥4,184 million at the end of the second quarter. Income before income taxes and other adjustments was ¥1,446 million, and although advance payments received on uncompleted construction contracts increased, the increase in trade receivables was substantial. As a result, net cash used in operating activities amounted to ¥2,589 million, up 109.0% from the same quarter of the previous year.」
Cash and cash equivalents decreased by ¥939 million due to a substantial increase in trade receivables, and net cash used in operating activities amounted to ¥2,589 million. - FY2023-Q1Increase in Trade Receivables and Electronically Recorded Monetary ClaimsAnnual report
「Current assets stood at ¥26,536 million at the end of the first quarter, an increase of ¥1,266 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and electronic receivables.」
Current assets increased by ¥1,266 million from the end of the previous fiscal year due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and electronic receivables. - FY2022Trade receivables continued to increaseAnnual report
「Net cash provided by operating activities increased substantially from the previous fiscal year to ¥3,051 million, up 87.0% from the end of the previous fiscal year.」
Although net cash provided by operating activities improved, trade receivables increased by ¥2,452 million, and notes receivable, accounts receivable from completed construction contracts and other receivables, and electronic receivables totaled ¥19,361.81 million at period-end. No occurrence of uncollectible receivables was disclosed. - FY2022-Q3Increase in trade receivables, funds tied upAnnual report
「Current assets stood at ¥27,984 million at the end of the third quarter, an increase of ¥4,100 million from the end of the previous fiscal year. This was mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables.」
Current assets increased by ¥4,100 million from the end of the previous fiscal year due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. No occurrence of uncollectible receivables was disclosed. - FY2022-Q2Increase in trade receivables, cash outflow from operating activitiesAnnual report
「Cash and cash equivalents decreased by ¥119 million during the first six months of the fiscal year due to an increase in trade receivables and other factors, and amounted to ¥4,405 million at the end of the second quarter. Income before income taxes and other adjustments was ¥1,485 million, and although costs on uncompleted construction contracts decreased, the increase in trade receivables was substantial. As a result, net cash used in operating activities amounted to ¥1,238 million, down 22.7% from the same quarter of the previous year.」
Cash and cash equivalents decreased by ¥119 million due to a substantial increase in trade receivables, and net cash used in operating activities amounted to ¥1,238 million. No occurrence of uncollectible receivables was disclosed. - FY2022-Q1Increase in trade receivablesAnnual report
「Current assets stood at ¥25,595 million at the end of the first quarter, an increase of ¥1,712 million from the end of the previous fiscal year. This was mainly due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables.」
Current assets increased by ¥1,712 million due to an increase in notes receivable, accounts receivable from completed construction contracts and other receivables. No occurrence of uncollectible trade receivables was disclosed. - FY2021Continued increase in trade receivablesAnnual report
「Net cash provided by operating activities increased substantially from the previous fiscal year to ¥1,632 million. Factors providing cash included income before income taxes and other adjustments of ¥2,644 million, depreciation and amortization of ¥579 million, and an increase in trade payables of ¥259 million. Although there were uses of cash, including a ¥550 million increase in costs on uncompleted construction contracts, the increase in trade receivables, another use of cash, was limited to ¥549 million, among other factors.」
Trade receivables increased by ¥549 million, but the increase was smaller than in the previous year, and net cash provided by operating activities amounted to ¥1,632 million. The policy of strengthening receivables management also continues. - FY2021-Q3Continued increase in trade receivables and costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥25,294 million at the end of the third quarter, an increase of ¥3,647 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts.」
Current assets increased by ¥3,647 million from the end of the previous fiscal year due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts. No occurrence of uncollectible receivables was disclosed. - FY2021-Q2Continued increase in costs on uncompleted construction contractsAnnual report
「Income before income taxes and other adjustments was ¥1,095 million, while increases in costs on uncompleted construction contracts and decreases in trade payables and other factors resulted in net cash used in operating activities of ¥1,602 million, up 163.6% from the same quarter of the previous year.」
Net cash used in operating activities amounted to ¥1,624.9 million due to an increase in costs on uncompleted construction contracts and other factors. No occurrence of uncollectible trade receivables was disclosed. - FY2021-Q1Increase in costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥24,058 million at the end of the first quarter, an increase of ¥2,411 million from the end of the previous fiscal year. This was mainly due to increases in cash and deposits and costs on uncompleted construction contracts.」
Current assets increased by ¥2,411 million, mainly because costs on uncompleted construction contracts increased from ¥1,187.489 million at the end of the previous fiscal year to ¥3,315.573 million. No occurrence of uncollectible trade receivables was disclosed. - FY2020-Q3Continued increase in trade receivables and costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥23,573 million at the end of the third quarter, an increase of ¥2,682 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts.」
Current assets increased due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts, indicating that funds continue to be tied up as trade receivables increase. No occurrence of uncollectible receivables was disclosed. - FY2020-Q2Continued increase in trade receivables and costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥22,168 million at the end of the second quarter, an increase of ¥1,277 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts.」
Notes receivable, accounts receivable from completed construction contracts and other receivables increased to ¥15,069 million, and costs on uncompleted construction contracts increased to ¥1,798 million. No occurrence of uncollectible receivables was disclosed. - FY2020-Q1Increase in trade receivables and costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥21,828 million at the end of the first quarter, an increase of ¥937 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts.」
Notes receivable, accounts receivable from completed construction contracts and other receivables increased from ¥14,604 million at the end of the previous fiscal year to ¥14,945 million, while costs on uncompleted construction contracts increased from ¥1,315 million to ¥2,499 million. No occurrence of uncollectible trade receivables was disclosed. - FY2019Continued increase in trade receivablesAnnual report
「Although there were uses of cash, including ¥2,303 million in income before income taxes and other adjustments, ¥580 million in depreciation and amortization, and a ¥1,223 million increase in trade receivables, net cash provided by operating activities amounted to ¥3,061 million.」
Trade receivables increased by ¥1,223 million, and exposure to funds tied up due to credit risk remained. No occurrence of uncollectible receivables was disclosed. - FY2019-Q3Increase in trade receivables and costs on uncompleted construction contractsAnnual report
「Current assets stood at ¥23,735 million at the end of the third quarter, an increase of ¥6,092 million from the end of the previous fiscal year. This was mainly due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts.」
Current assets increased due to increases in notes receivable, accounts receivable from completed construction contracts and other receivables, and costs on uncompleted construction contracts, reconfirming that funds remain tied up as trade receivables increase. - FY2019-Q2Cash tied up by increasing trade receivablesAnnual report
「Cash and cash equivalents decreased by ¥421 million during the first six months of the fiscal year, mainly due to an increase in trade receivables, and amounted to ¥2,461 million at the end of the second quarter. Net cash used in operating activities was ¥2,485 million, up 84.1% from the same quarter of the previous year.」
Cash and cash equivalents decreased by ¥421 million due to an increase in trade receivables and other factors, while net cash used in operating activities amounted to ¥2,485.89 million. No occurrence of uncollectible receivables was disclosed. - FY2017RestatedAnnual report
「Trade receivables, including notes receivable and accounts receivable from completed construction contracts, are exposed to customers' credit risk. With regard to this risk, the Company manages due dates and outstanding balances for each customer in accordance with its sales and purchasing management regulations and has a system for assessing each customer's credit standing once a year.」
The Company continues to recognize the risk of collecting trade receivables as new customers increase, and explicitly identifies due-date and balance management by customer and annual credit assessments as its control measures. - FY2016First statedAnnual report
「Accordingly, the number of new customers is expected to increase, and the Company intends to further strengthen its receivables management. However, if an unforeseeable event occurs at one of these customers, collection of trade receivables may be hindered, and the uncollectible amount may affect the performance of the Group.」
Assuming an increase in new customers accompanying order growth, the Company identifies the possibility of uncollectible receivables and states its policy of strengthening receivables management.