Deterioration in customers’ financial condition and inability to collect receivables
First written in FY2016. 9 of 21 entries say "Mitigated", first in FY2020. Latest entry: FY2023.
S&B Foods moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 19 of 64 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Allowance for doubtful accounts △1,090 △20」
The allowance for doubtful accounts decreased substantially from ¥1,090 million at the end of the previous fiscal year to ¥20 million, and the allowance balance related to customers’ credit and collection risk declined. - FY2023-Q2MitigatedAnnual report
「Allowance for doubtful accounts △ 1,090 △ 20」
The allowance for doubtful accounts recorded under investments and other assets decreased substantially from ¥1,090 million at the end of the previous fiscal year to ¥20 million, and the allowance balance related to customers’ credit and collection risk declined. - FY2023-Q1MitigatedAnnual report
「Allowance for doubtful accounts △ 1,090 △ 20」
The allowance for doubtful accounts recorded under investments and other assets decreased from ¥1,090 million at the end of the previous fiscal year to ¥20 million. The allowance balance related to customers’ credit and collection risk declined substantially. - FY2022MitigatedAnnual report
「Allowance for doubtful accounts △1,129 △1,090」
The allowance for doubtful accounts decreased from ¥1,129 million at the end of the previous fiscal year to ¥1,090 million. The allowance balance related to customers’ credit and collection risk declined slightly. - FY2022-Q3MitigatedAnnual report
「Allowance for doubtful accounts △ 1,129 △ 1,093」
The allowance for doubtful accounts recorded under investments and other assets decreased from ¥1,129 million at the end of the previous fiscal year to ¥1,093 million, and the allowance balance related to customers’ credit and collection risk declined slightly. - FY2022-Q2MitigatedAnnual report
「Allowance for doubtful accounts △ 1,129 △ 1,109」
The allowance for doubtful accounts recorded under investments and other assets decreased from ¥1,129 million at the end of the previous fiscal year to ¥1,109 million. The allowance balance related to customers’ credit and collection risk declined slightly. - FY2021WorsenedAnnual report
「Amount recognized in the consolidated financial statements for the current consolidated fiscal year Allowance for doubtful accounts △1,129」
In connection with the risk of deterioration in customers’ financial condition and inability to collect receivables, the allowance for doubtful accounts increased to ¥1,129 million from ¥420 million in the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「Reversal of allowance for losses on guarantees 172」
The Company recognized a ¥172 million reversal of the allowance for losses on guarantees, reducing the balance from ¥172 million at the end of the previous fiscal year to zero. - FY2021-Q2MitigatedAnnual report
「Reversal of allowance for losses on guarantees 172」
The Company recognized a ¥172 million reversal of the allowance for losses on guarantees, reducing the balance from ¥172 million at the end of the previous fiscal year to zero. - FY2020MitigatedAnnual report
「Extraordinary income of ¥1,734 million, including reversals of the allowance for losses on guarantees, exceeded extraordinary losses of ¥1,635 million, including losses on disposal of fixed assets, resulting in extraordinary profit of ¥98 million.」
The allowance for losses on guarantees related to credit and receivables collection risk involving business partners and others decreased from ¥805 million to ¥172 million, resulting in a ¥633 million reversal. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there has been no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there was no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables during the first quarter. - FY2019MaterialisedAnnual report
「Following the approval of the agreement for the special liquidation of Golden Foods Co., Ltd., the Company waived part of the receivables it held. In connection with the waiver, ¥2,971 million was reversed from the allowance for doubtful accounts.」
The credit risk of business partners and affiliates materialized as a ¥3.0 billion waiver of receivables and a ¥2,971 million reversal of the allowance for doubtful accounts. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there has been no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables. - FY2019-Q2MaterialisedAnnual report
「Liabilities increased by ¥5,940 million from the end of the previous consolidated fiscal year to ¥68,713 million. This was mainly due to increases of ¥4,492 million in borrowings and ¥870 million in the provision for loss on guarantees of debt, among other factors.」
The allowance for losses on guarantees increased by ¥870 million, reflecting additional accounting treatment for exposure to the creditworthiness and collection of receivables from business partners and others. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there was no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables during the first quarter. - FY2018MaterialisedAnnual report
「The Group thoroughly collects information and manages credit to protect receivables, focusing on preventing receivables from becoming uncollectible. However, if an unexpected deterioration in a customer’s financial condition occurs beyond the scope of these measures, it may affect the operating results and financial position of the Group.」
A total of ¥4.2 billion in allowance for doubtful accounts was recognized for receivables of concern regarding Golden Foods and other customers, including ¥694 million in additional provision recorded during the current consolidated fiscal year. The risk of deterioration in customers’ financial condition and inability to collect receivables has materialized in specific accounting treatment. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there has been no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables. - FY2017RestatedAnnual report
「However, if an unexpected deterioration in a customer’s financial condition occurs beyond the scope of these measures, it may affect the operating results and financial position of the Group.」
The risk of deterioration in customers’ financial condition and inability to collect receivables remains. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there has been no new occurrence or material change in the risk of deterioration in customers’ financial condition and inability to collect receivables. - FY2016First statedAnnual report
「However, if an unexpected deterioration in a customer’s financial condition occurs beyond the scope of these measures, it may affect the operating results and financial position of the Group.」
Although the Group collects information and manages credit, inability to collect receivables due to an unexpected deterioration in a customer’s financial condition remains a risk.