Bad-debt and debt-guarantee losses resulting from deterioration in the creditworthiness of affiliated companies
First written in FY2017. 4 of 8 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019MitigatedAnnual report
「Cash and cash equivalents generated from operating activities, referred to below as "funds," amounted to ¥10,067 million, compared with ¥3,793 million used in the previous fiscal year. This was mainly attributable to profit before income taxes of ¥2,946 million, a decrease in the allowance for doubtful accounts of ¥1,507 million, and a decrease in trade receivables of ¥11,355 million.」
It states that the ¥1,507 million decrease in the allowance for doubtful accounts and the collection and reversal of allowances for doubtful accounts from prior years contributed to cash generation and improved margins. - FY2019-Q3RestatedAnnual report
「In the Semiconductor and Electronic Components business, revenue declined due in part to the termination of sales of Sony semiconductors and electronic components to the Samsung Group. However, the segment profit margin improved as a result of a higher gross profit margin and the recovery or reversal of allowance for doubtful accounts in Hong Kong and Singapore.」
The collection and reversal of allowances for doubtful accounts in Hong Kong and Singapore continue to be cited as factors contributing to the improvement in the segment profit margin. - FY2019-Q2MitigatedAnnual report
「In the Semiconductor and Electronic Components business, revenue declined due in part to the termination of sales of Sony semiconductors and electronic components to the Samsung Group. However, the segment profit margin improved as a result of a higher gross profit margin and the recovery or reversal of allowance for doubtful accounts in Hong Kong and Singapore.」
It states that the collection and reversal of allowances for doubtful accounts in Hong Kong and Singapore progressed and contributed to the improvement in the segment profit margin. - FY2019-Q1RestatedAnnual report
「In the Semiconductor and Electronic Components business, revenue declined due in part to the termination of sales of Sony semiconductors and electronic components to the Samsung Group. However, the segment profit margin improved as a result of a higher gross profit margin and the recovery or reversal of allowance for doubtful accounts in Hong Kong and Singapore.」
The company has reaffirmed that the collection and reversal of allowances for doubtful accounts in Hong Kong and Singapore progressed and contributed to the improvement in the segment profit margin. - FY2018MitigatedAnnual report
「The company recorded ¥2,129 million as extraordinary losses for the current consolidated fiscal year, including expenses related to corrections to prior-period financial statements and losses on business reorganization associated with downsizing an unprofitable ancillary service business for solar power generation. The figure was a loss of ¥8,688 million in the same period of the previous year.」
It states that the impact of provisions for doubtful accounts in Hong Kong and Singapore, which had been a loss factor in the same period of the previous year, fell away and that reversals accompanying the start of collections also reduced the impact on performance. - FY2018-Q3RestatedAnnual report
「Segment profit returned to the black, and profit levels normalized, due to the increase in revenue and the absence of the allowance for doubtful accounts recorded in Hong Kong in the same period of the previous year.」
The explanation that the impact of the allowance for doubtful accounts recorded in Hong Kong in the same period of the previous year had fallen away and profit levels normalized has been reiterated. - FY2018-Q2MitigatedAnnual report
「Segment profit returned to the black, and profit levels normalized, due to the increase in revenue and the absence of the allowance for doubtful accounts recorded in Hong Kong in the same period of the previous year.」
It states that the impact of the allowance for doubtful accounts recorded in Hong Kong in the same period of the previous year had fallen away and that profit levels normalized during the cumulative second quarter. - FY2017MaterialisedAnnual report
「Due mainly to the recognition of allowances for doubtful accounts at the consolidated subsidiaries UKC ELECTRONICS(H.K.)CO.,LTD. and UKC ELECTRONICS(S)PTE,LTD., the company recorded an operating loss, an ordinary loss and a net loss attributable to owners of the parent.」
The recognition of allowances for doubtful accounts relating to affiliated companies actually occurred and was a factor behind the full-year loss. The consolidated statements of cash flows disclosed an increase in the allowance for doubtful accounts of ¥11,728 million, while the separate financial statements disclosed an expense for the provision for losses on guarantees of affiliated-company debt of ¥3,261 million and an allowance balance of ¥7,282 million at the end of the fiscal year.