Collection risk arising from the bankruptcy of customer facilities and business partners, etc.
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
133 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If business continuity is disrupted by the insolvency of a counterparty or another unforeseen event, collection of sales proceeds may be delayed or become impossible.」
While stating that bad-debt risk is limited under the performance-based model, the company continues to disclose the possibility of delayed or impossible collection. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」
The company has made a comprehensive statement that there were no material changes concerning collection risk arising from customer-facility or counterparty insolvency. - FY2025First statedAnnual report
「If business continuity is disrupted by the insolvency of a counterparty or another unforeseen event, collection of sales proceeds may be delayed or become impossible.」
Although the company believes bad-debt risk is extremely limited under its performance-based pricing structure, it discloses the possibility of delayed or impossible collection.