Advertiser Nonpayment, Increasing Contractual Ambiguity and Changes in Remuneration Structures
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2023.
7 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Mass-media advertising transactions are conducted primarily on the basis of orders from advertisers, but it is common for each advertising company to conduct transactions with media companies and others on its own responsibility. Accordingly, if advertising fees cannot be collected because of an advertiser's bankruptcy or other reasons, the advertising company may have to bear media fees and production costs, which could adversely affect the Group's financial condition and operating results.」
The risk that advertising companies will have to bear media fees and production costs because of advertiser bankruptcies or nonpayment continues to be disclosed. - FY2020RestatedAnnual report
「If advertising fees cannot be collected because of advertiser bankruptcies or an increase in nonpayment, the advertising company may have to bear media fees and production costs payable to media companies and production companies, which could adversely affect the Group's financial condition and operating results.」
Advertiser nonpayment, transaction practices without basic agreements and the need to respond to Western-style compensation structures remain risks. - FY2016First statedAnnual report
「If advertising fees cannot be collected because of advertiser bankruptcies or an increase in nonpayment, the advertising company may have to bear media fees and production costs payable to media companies and production companies, which could adversely affect the Group's financial condition and operating results.」
The Group also identifies as risks transaction practices that do not involve basic agreements and the need to respond to Western-style compensation structures.