Counterparty Credit Risk
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 4 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2021RaisedAnnual report
「In addition, if a subcontractor experiences financial distress, construction progress may be affected. The Group manages credit by rigorously implementing its crisis management manual and conducting company investigations and collecting information on a daily basis.」
In addition to the previously cited credit risks involving clients and business partners, the financial distress of subcontractors was explicitly identified as a risk that could affect construction progress. - FY2019RestatedAnnual report
「Construction projects extend over a long period from contract award to completion and handover, and the contract value per project is generally large. Because a substantial portion of the construction fee is generally paid upon handover of the completed structure, counterparty credit risk may arise.」
The company continues to disclose counterparty credit risk associated with its business structure of long-term contracts and collection upon delivery. - FY2016First statedAnnual report
「Construction projects extend over a long period from contract award to completion and handover, and the contract value per project is generally large. Because a substantial portion of the construction fee is generally paid upon handover of the completed structure, counterparty credit risk may arise.」
The company explains credit risk arising from its business structure of long-term construction contracts and collection in a lump sum upon delivery.