Customer and Subcontractor Credit Risk
First written in FY2016. 10 of 11 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2020-Q3RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative third quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2020-Q1RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative first quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2019-Q3RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative third quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2019-Q1RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative first quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2018RestatedAnnual report
「If a customer becomes insolvent before payment is received for completed construction work, it may become impossible to collect the full amount of unpaid construction receivables, which may affect results. If a subcontractor becomes insolvent during construction, this may disrupt construction progress and incur additional costs, which may also affect results.」
The company continues to disclose the risks of uncollectible receivables, construction delays and additional costs resulting from customer or subcontractor insolvency. - FY2018-Q3RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative third quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2018-Q2RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative second quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2018-Q1RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative first quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2017-Q3RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative third quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding the credit risk of customers and subcontractors. - FY2016First statedAnnual report
「If a customer becomes insolvent before payment is received for completed construction work, it may become impossible to collect the full amount of unpaid construction receivables, which may affect results. If a subcontractor becomes insolvent during construction, this may disrupt construction progress and incur additional costs, which may also affect results.」
The disclosure distinguishes between the risk of being unable to collect trade receivables due to customer insolvency and the risks of construction delays and additional costs due to subcontractor insolvency.