Loss of demand and inability to collect receivables due to deterioration in the financial condition of major customers
First written in FY2020. 1 of 4 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThe current year's business risks contain no specific disclosure regarding the loss of transaction volume or difficulty collecting accounts receivable due to deterioration in the financial position of major customers.
- FY2021RestatedAnnual report
「If recovery in business performance is delayed because users who had declined during this period do not return to these stores and facilities, or if another expansion of infections forces them to close again, the financial position of companies operating pachinko halls and fitness facilities may deteriorate. As a result, customers that become unable to continue their businesses may lose their previously stable transaction volumes, and the Group may be unable to collect its accounts receivable from those customers.」
The company continues to disclose the risk of losing transaction volume and being unable to collect receivables due to deterioration in the financial position of major customers. - FY2021-Q1MaterialisedAnnual report
「In the pachinko hall industry, a major customer of our Group, an exceptional situation arose in which the majority of pachinko halls closed in response to requests from prefectural governments to suspend operations, based on the government’s state of emergency declared on 7 April 2020, initially covering 7 prefectures and expanded nationwide on 16 April, amid the spread of COVID-19. The closures continued from mid- to late May until the declaration was lifted in stages by area, significantly affecting pachinko hall operators.」
The company stated that the majority of its major customers, pachinko halls, had closed, significantly affecting customer companies in practice. - FY2020First statedAnnual report
「If recovery in business performance is delayed because users who had declined during this period do not return to these stores and facilities, or if another expansion of infections forces them to close again, the financial position of companies operating pachinko halls and fitness facilities may deteriorate. As a result, customers that become unable to continue their businesses may lose their previously stable transaction volumes, and the Group may be unable to collect its accounts receivable from those customers.」
The company newly disclosed the risk that deterioration in the financial position of pachinko hall operators and fitness facility operators could result in the loss of transaction volume and difficulty collecting accounts receivable.