Creditworthiness Concerns Regarding Business Partners and Subcontractors
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 7 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「To address this risk, the company is working to reduce it by thoroughly managing credit, including conducting rigorous credit checks when accepting orders and carrying out regular rechecks.」
The stated response to credit concerns involving customers and subcontractors is to conduct rigorous credit checks when accepting orders and regular rechecks. - FY2021RestatedAnnual report
「If a customer experiences financial distress before construction payments are received, or if a subcontractor or other party experiences a similar situation, this may affect operating performance and other matters, particularly because the contract value for an individual transaction is often substantial.」
The recognition of credit concerns involving customers and subcontractors as a risk associated with large contract values continues. - FY2020RestatedAnnual report
「If a customer experiences financial distress before construction payments are received, or if a subcontractor or other party experiences a similar situation, this may affect operating performance and other matters, particularly because the contract value for an individual transaction is often substantial.」
The risk disclosure continues to link credit concerns involving customers and subcontractors with large contract values. - FY2018First statedAnnual report
「If a customer experiences financial distress before construction payments are received, or if a subcontractor or other party experiences a similar situation, this may affect operating performance and other matters, particularly because the contract value for an individual transaction is often substantial.」
Credit concerns involving customers and subcontractors are explicitly identified as a performance risk associated with large contract values.