Customer credit risk
First written in FY2016. 5 of 9 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If a customer becomes insolvent before payment for the construction work is received, impairing the collection of trade receivables, or if a subcontractor becomes insolvent and construction progress is disrupted, the company's operating results, financial position and other matters may be affected.」
The company continues to disclose the risk of trade receivables becoming uncollectible due to customer insolvency together with the risk of construction delays caused by subcontractor insolvency. - FY2023RestatedAnnual report
「If a customer becomes insolvent before payment for the construction work is received, impairing the collection of trade receivables, or if a subcontractor becomes insolvent and construction progress is disrupted, the company's operating results, financial position and other matters may be affected.」
The company continues to disclose the risk of trade receivables becoming uncollectible due to customer insolvency together with the risk of construction delays caused by subcontractor insolvency. - FY2022RestatedAnnual report
「If a customer becomes insolvent before payment for the construction work is received, impairing the collection of trade receivables, or if a subcontractor becomes insolvent and construction progress is disrupted, the company's operating results, financial position and other matters may be affected.」
The company continues to disclose the risk of trade receivables becoming uncollectible due to customer insolvency together with the risk of construction delays caused by subcontractor insolvency. - FY2022-Q3RestatedAnnual report
「Change in claims in bankruptcy and rehabilitation proceedings (a negative figure indicates an increase) - 69,500」
The ¥69.5 million decrease in claims in bankruptcy and rehabilitation proceedings continued to be recorded as an adjustment in cash flows from operating activities, while the allowance for doubtful accounts balance fell from ¥69.5 million to zero. - FY2022-Q2MaterialisedAnnual report
「Change in claims in bankruptcy and rehabilitation proceedings (a negative figure indicates an increase) - 69,500」
Claims in bankruptcy and rehabilitation proceedings decreased by ¥69.5 million, while the allowance for doubtful accounts on the balance sheet also fell from ¥69.5 million to zero. Changes in receivables and allowances related to customer credit risk continue to appear in the actual financial figures. - FY2022-Q1MaterialisedAnnual report
「Net income for the quarter was ¥100 million, up 0.1% from the same quarter of the previous year, mainly because tax expenses declined after the discontinuation of bankruptcy proceedings for claims in bankruptcy and rehabilitation proceedings resulted in a tax-deductible loss for tax purposes.」
The discontinuation of bankruptcy proceedings relating to claims in bankruptcy and rehabilitation proceedings contributed to quarterly net income through lower tax expenses, with an event related to credit risk emerging in actual profit and loss. - FY2020RestatedAnnual report
「If a customer becomes insolvent before payment for the construction work is received, impairing the collection of trade receivables, or if a subcontractor becomes insolvent and construction progress is disrupted, the company's operating results, financial position and other matters may be affected.」
The company continues to disclose the risk of trade receivables becoming uncollectible due to customer insolvency together with the risk of construction delays caused by subcontractor insolvency. - FY2018MaterialisedAnnual report
「Net income was ¥384 million, down 40.1% from the previous fiscal year. This was despite recording a gain on the sale of investment securities, as ordinary income declined and the company recorded an allowance for doubtful accounts expense in connection with a customer's application for civil rehabilitation proceedings.」
The company recorded an allowance for doubtful accounts expense following a customer's application for civil rehabilitation proceedings, with credit risk emerging as an actual factor affecting profit and loss. - FY2016First statedAnnual report
「If a customer becomes insolvent before payment for the construction work is received, the collection of trade receivables may be impaired, potentially affecting the company's performance.」
The possibility that trade receivables may become uncollectible due to a customer's insolvency is identified as a business performance risk.