Bearing Advertiser Credit Risk
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding exposure to advertisers' credit risk. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding exposure to advertisers' credit risk. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding exposure to advertisers' credit risk. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that, regarding exposure to advertisers' credit risk, there has been no new occurrence or material change during the current quarter. - FY2018RestatedAnnual report
「Accordingly, even if an advertiser becomes unable to pay its advertising fees due to bankruptcy or other reasons, our group remains obligated to pay media companies and bears the advertiser's credit risk.」
It reiterates the credit risk arising from our obligation to pay media companies even when an advertiser becomes unable to pay. - FY2017RestatedAnnual report
「Accordingly, even if an advertiser becomes unable to pay its advertising fees due to bankruptcy or other reasons, our group remains obligated to pay media companies and bears the advertiser's credit risk.」
It reiterates the credit risk arising from our obligation to pay media companies even when an advertiser becomes unable to pay. - FY2016First statedAnnual report
「Accordingly, even if an advertiser becomes unable to pay its advertising fees due to bankruptcy or other reasons, our group remains obligated to pay media companies and bears the advertiser's credit risk.」
It identifies as a risk the transaction structure under which we remain obligated to pay media companies even if an advertiser becomes unable to pay.