Uncollectible Trade Receivables
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2024-Q3.
Vital Ksk Holdings moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2024-Q3Cited as achievedAnnual report
「In terms of profit, in addition to the benefit of the aforementioned increase in revenue, profit exceeded the previous year due to factors including the reversal of the allowance for doubtful accounts recognized in the previous fiscal year for a major customer.」
The reversal of the allowance for doubtful accounts recognized for a major customer in the previous fiscal year is cited as a factor behind the improvement in profit for the nine months ended the third quarter of the current fiscal year. - FY2023MaterialisedAnnual report
「However, on 28 October 2022, certain business partners filed for personal bankruptcy with the Tokyo District Court. As a result, we determined that the receivables held by the Group might become uncollectible and recognized an allowance for doubtful accounts in the second quarter. Subsequently, as some recovery of those receivables became possible, we reversed the allowance for doubtful accounts in the fourth quarter. However, the reversal did not fully offset the initial negative impact, and segment profit fell below the previous year's results.」
The risk of receivables becoming uncollectible following the business partners' bankruptcy filings materialized in full-year results through the recognition of an allowance for doubtful accounts and downward pressure on profit. - FY2023-Q2MaterialisedAnnual report
「However, on 28 October 2022, certain business partners of the Group filed for personal bankruptcy with the Tokyo District Court. As a result, we determined that the receivables held by the Group might become uncollectible and recognized an allowance for doubtful accounts, causing operating profit to fall below the previous year's results.」
It states that the risk of trade receivables becoming uncollectible materialized following the business partners' bankruptcy filings, contributing to a decline in operating profit through the recognition of an allowance for doubtful accounts. - FY2020MitigatedAnnual report
「The receivables management departments of each consolidated subsidiary regularly monitor customers' circumstances in accordance with their receivables management regulations, manage the due dates and balances for each counterparty, and work to identify and mitigate at an early stage any concerns regarding collection arising from deterioration in financial condition or other factors.」
The response to the risk of uncollectible trade receivables is explicitly described, including regular monitoring, management of due dates and balances, and early identification. - FY2019RestatedAnnual report
「If receivables are expected to become uncollectible, this may affect the Group's performance.」
The risk of uncollectible trade receivables and the related allowance for doubtful accounts treatment continue to be addressed. - FY2018RestatedAnnual report
「When collectability is not expected due to deterioration in the financial condition of a customer or other reasons, we individually assess the collectability of specific receivables, including doubtful receivables, and recognize the estimated uncollectible amount as an allowance for doubtful accounts.」
The risk of uncollectible receivables due to deterioration in customers' financial condition and the related allowance for doubtful accounts treatment continue to be addressed. - FY2017RestatedAnnual report
「When collectability is not expected due to deterioration in the financial condition of a customer or other reasons, we individually assess the collectability of specific receivables, including doubtful receivables, and recognize the estimated uncollectible amount as an allowance for doubtful accounts.」
The risk of collecting trade receivables due to deterioration in customers' financial condition and the related allowance treatment are reiterated. - FY2016First statedAnnual report
「When collectability is not expected due to deterioration in the financial condition of a customer or other reasons, we individually assess the collectability of specific receivables, including doubtful receivables, and recognize the estimated uncollectible amount as an allowance for doubtful accounts.」
Customer defaults resulting from deterioration in customers' financial condition and their impact on performance are identified as risks.