Counterparty credit concerns and the risk of collecting construction receivables
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 7 of 22 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「To address this risk, the company has established an organizational project-risk management framework and is working to enforce credit management based on specific grounds and objective assessments.」
In response to credit concerns and the risk of collecting construction receivables, the company explicitly cites project risk management and credit management based on objective assessments. - FY2020RestatedAnnual report
「If a customer were to experience credit concerns before construction payments were received, the Group's performance could be affected.」
It continues to identify the risk of collecting construction payments due to customers' credit concerns. - FY2019RestatedAnnual report
「If a customer were to experience credit concerns before construction payments were received, the Group's performance could be affected.」
It continues to identify the risk of collecting construction payments due to customers' credit concerns. - FY2018RestatedAnnual report
「If a counterparty experiences credit concerns before construction payments are received, the Group's performance may be affected.」
It continues to identify the risk of collecting construction payments due to customers' credit concerns. - FY2017RestatedAnnual report
「If a counterparty experiences credit concerns before construction payments are received, the Group's performance may be affected.」
The risk of collecting construction receivables due to counterparties’ credit concerns is described in the same terms. - FY2016First statedAnnual report
「If a counterparty experiences credit concerns before construction payments are received, the Group's performance may be affected.」
This risk is attributable to the high contract amounts and construction expenditures, as well as the high proportion of payments made upon handover.