Risk of Inability to Collect Construction Payments Due to Bankruptcy of Customers and Business Partners
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2023.
PS Construction moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If customers and other business partners, including project owners, subcontractors and joint construction companies, experience credit concerns due to an economic slowdown or contraction of the construction market, construction payments may become uncollectible and construction delays or similar events may occur, affecting the group's performance.」
The company continues to disclose the risks of non-collection of payments and construction delays caused by credit concerns involving business partners, including project owners, subcontractors and joint construction companies. - FY2022RestatedAnnual report
「If customers and other business partners, including project owners, subcontractors and joint construction companies, experience credit concerns due to an economic slowdown or contraction of the construction market, construction payments may become uncollectible and construction delays or similar events may occur, affecting the group's performance.」
The company continues to identify as risks the non-collection of payments and construction delays caused by credit concerns involving business partners, including project owners, subcontractors and joint construction companies. - FY2021ReframedAnnual report
「If customers and other business partners, including project owners, subcontractors and joint construction companies, experience credit concerns due to an economic slowdown or contraction of the construction market, construction payments may become uncollectible and construction delays or similar events may occur, affecting the group's performance.」
The scope of the risk has been reorganized from the previous risk of non-collection due to customer or business-partner insolvency to include credit concerns involving not only project owners but also subcontractors and joint construction companies, as well as construction delays. - FY2020MaterialisedAnnual report
「Selling, general and administrative expenses increased by ¥184 million, or 2.0%, from the previous consolidated fiscal year to ¥9.496 billion, despite the implementation of thorough cost reductions, mainly due to the recognition of bad debt losses resulting from the non-collection of construction payments.」
The company actually incurred a non-collection of construction payments and recognized a bad debt loss of ¥409 million. Credit risk involving customers and business partners has materialized as a loss. - FY2018RestatedAnnual report
「If construction payments become difficult to collect due to the unexpected insolvency or similar event involving a customer or business partner, this may affect business performance.」
The company continues to disclose the risk of non-collection of construction payments due to deterioration in the creditworthiness or insolvency of customers and business partners. - FY2017RestatedAnnual report
「If construction payments become difficult to collect due to the unexpected insolvency or similar event involving a customer or business partner, this may affect business performance.」
The company continues to disclose the risk of non-collection of construction payments due to deterioration in the creditworthiness or insolvency of customers and business partners. - FY2016First statedAnnual report
「If construction payments become difficult to collect due to the unexpected insolvency or similar event involving a customer or business partner, this may affect business performance.」
The company discloses credit risk relating to the collectibility of trade receivables.