Credit Risk Associated with Extending Credit to Numerous Counterparties
First written in FY2016. 14 of 22 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2026.
Sojitz moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 6 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The balances of these guarantees of obligations and other items were ¥48,726 million and ¥73,167 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantees of obligations and other items increased from ¥48.726 billion at the end of the previous fiscal year to ¥73.167 billion. - FY2026-H1MitigatedAnnual report
「The balances of these guarantees of obligations and other items were ¥48,726 million and ¥48,140 million at the end of the previous consolidated fiscal year and the end of the current interim consolidated accounting period, respectively.」
Credit risk exposure associated with guarantees of obligations and other items decreased from ¥48.726 billion at the end of the previous fiscal year to ¥48.140 billion. - FY2025WorsenedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥43,963 million and ¥48,726 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations increased from ¥43.963 billion at the end of the previous fiscal year to ¥48.726 billion. - FY2025-H1WorsenedAnnual report
「Guarantees of obligations and other items 43,963 44,850」
The maximum exposure to credit risk associated with guarantees of obligations and other items increased from ¥43.963 billion at the end of March 2024 to ¥44.850 billion at the end of September 2024. - FY2024WorsenedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥29,664 million and ¥43,963 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations increased from ¥29.664 billion at the end of the previous fiscal year to ¥43.963 billion. - FY2024-Q3MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 29,630 16,445 Guarantees of obligations of third parties 34 31 Total 29,664 16,476」
Total credit risk associated with guarantee obligations decreased from ¥29.664 billion at the end of the previous fiscal year to ¥16.476 billion. - FY2024-Q2MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 29,630 17,500 Guarantees of obligations of third parties 34 348 Total 29,664 17,848」
Total credit risk associated with guarantee obligations decreased from ¥29.664 billion at the end of the previous fiscal year to ¥17.848 billion, mainly due to a decrease in guarantees provided to equity-method affiliates. - FY2024-Q1WorsenedAnnual report
「Guarantees of obligations of equity-method affiliates 29,630 32,716 Guarantees of obligations of third parties 34 33 Total 29,664 32,749」
Total credit risk associated with guarantee obligations increased from ¥29.664 billion at the end of the previous fiscal year to ¥32.749 billion. - FY2023MitigatedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥38,373 million and ¥29,664 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations decreased from ¥38.373 billion at the end of the previous fiscal year to ¥29.664 billion. - FY2023-Q3MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 34,980 32,575 Guarantees of obligations of third parties 3,392 35 Total 38,373 32,611」
Total credit risk associated with guarantee obligations decreased from ¥38.373 billion at the end of March 2022 to ¥32.611 billion. - FY2023-Q2MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 34,980 35,313 Guarantees of obligations of third parties 3,392 135 Total 38,373 35,448」
Total credit risk associated with guarantee obligations decreased from ¥38.373 billion at the end of the previous fiscal year to ¥35.448 billion. - FY2023-Q1MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 34,980 34,984 Guarantees of obligations of third parties 3,392 112 Total 38,373 35,096」
Total credit risk associated with guarantee obligations decreased from ¥38.373 billion at the end of the previous fiscal year to ¥35.096 billion. - FY2022MitigatedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥47,031 million and ¥38,373 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations decreased from ¥47.031 billion at the end of the previous fiscal year to ¥38.373 billion. - FY2022-Q3MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 46,476 34,933 Guarantees of obligations of third parties 555 86 Total 47,031 35,020」
Total credit risk associated with guarantee obligations decreased from ¥47.031 billion at the end of March 2021 to ¥35.020 billion. - FY2022-Q2MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 46,476 44,979 Guarantees of obligations of third parties 555 1,271 Total 47,031 46,251」
Total credit risk associated with guarantee obligations decreased from ¥47.031 billion at the end of the previous fiscal year to ¥46.251 billion. - FY2022-Q1MitigatedAnnual report
「Guarantees of obligations of equity-method affiliates 46,476 45,728 Guarantees of obligations of third parties 555 179 Total 47,031 45,908」
Total credit risk associated with guarantee obligations decreased from ¥47.031 billion at the end of the previous consolidated fiscal year to ¥45.908 billion. - FY2021-Q3MitigatedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥45,514 million and ¥43,767 million at the end of the previous consolidated fiscal year and the end of the third quarter of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations decreased from ¥45.514 billion at the end of the previous fiscal year to ¥43.767 billion. - FY2021-Q2MitigatedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥45,514 million and ¥45,040 million at the end of the previous consolidated fiscal year and the end of the second quarter of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations decreased from ¥45.514 billion at the end of the previous fiscal year to ¥45.040 billion. - FY2021-Q1MitigatedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥45,514 million and ¥44,144 million at the end of the previous consolidated fiscal year and the end of the current consolidated accounting period, respectively.」
The maximum exposure to credit risk associated with guarantee obligations decreased from ¥45.514 billion at the end of the previous period to ¥44.144 billion. - FY2020WorsenedAnnual report
「The maximum exposure to credit risk associated with guarantee obligations was ¥33,064 million and ¥45,514 million at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, respectively.」
The maximum exposure to credit risk associated with guarantee obligations increased from ¥33.064 billion at the end of the previous fiscal year to ¥45.514 billion. - FY2020-Q3WorsenedAnnual report
「The Group provides guarantees for liabilities, including bank borrowings, of companies other than its subsidiaries as follows. If a guaranteed party defaults, the Group is obligated to honor the guarantee.」
Guarantees for liabilities of equity-method affiliates amounted to ¥43.768 billion, while guarantees for liabilities of third parties amounted to ¥317 million, for a total of ¥44.086 billion, up from ¥33.064 billion at the end of the previous fiscal year. - FY2016First statedAnnual report
「For each counterparty to which credit is extended, we assign an 11-grade credit rating based on objective methods, set a transaction limit for each counterparty with reference to its credit rating, and control credit risk by keeping the amount of credit extended within the applicable transaction limit.」
The Group manages credit risk using 11-grade ratings, transaction limits, collateral and guarantees, and a receivables assessment system.