Customer credit risk related to accounts receivable, loans receivable and guarantee deposits
First written in FY2016. 5 of 9 entries say "Restated". Latest entry: FY2025.
Phil Company moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2023: 8 of 30 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Accounts receivable are exposed to customer credit risk. With respect to this risk, the Company manages due dates and outstanding balances by customer and monitors customers' credit conditions as appropriate.」
The Company continues to manage due dates and outstanding balances by customer and monitor credit conditions with respect to customer credit risk. - FY2024MitigatedAnnual report
「The Company recorded a ¥30 million allowance for doubtful accounts on short-term loans to 玉栄株式会社 and a ¥1.619 million allowance for doubtful accounts on accrued income. In addition, the Company recorded a ¥23.705 million reversal of the allowance for doubtful accounts during the consolidated fiscal year.」
Although an allowance remains for loans and other receivables from 玉栄, the allowance recorded as an expense in the previous fiscal year was reversed by ¥23.705 million in the current fiscal year, partially reducing the impact of credit risk on earnings. - FY2023MaterialisedAnnual report
「As a result of recording a ¥60.9 million provision for allowance for doubtful accounts as a non-operating expense, ordinary income for the consolidated fiscal year was ¥135.816 million, down 32.1% year on year.」
The Company recorded a ¥60.9 million provision for allowance for doubtful accounts, and credit risk related to loans to customers and affiliated companies was realized in earnings. A ¥55.324 million provision for allowance for doubtful accounts was recorded for short-term loans and other receivables from 玉栄株式会社. - FY2023-Q3MaterialisedAnnual report
「Provision for allowance for doubtful accounts 58,500」
The Company recorded a ¥58.5 million provision for allowance for doubtful accounts as a non-operating expense, and the provision for customer credit risk was reflected in actual earnings. - FY2021RestatedAnnual report
「With respect to this risk, the Company manages due dates and outstanding balances by customer and monitors customers' credit conditions as appropriate.」
The Company continues to manage due dates and outstanding balances by customer and monitor credit conditions with respect to customer credit risk related to accounts receivable, long-term loans and other assets. - FY2019RestatedAnnual report
「Based on the project management table, the Company manages the due dates and outstanding balances of trade receivables by project and customer.」
The Company continues to manage due dates and outstanding balances by project and customer in addressing customer credit risk. - FY2018RestatedAnnual report
「Based on the project management table, the Company manages the due dates and outstanding balances of trade receivables by project and customer.」
The Company continues to manage due dates and outstanding balances by project and customer in addressing customer credit risk. - FY2017RestatedAnnual report
「Accounts receivable and long-term loans are exposed to customer credit risk. In managing this risk, the company manages payment due dates and outstanding balances for each project and business partner based on project management schedules.」
The company continues to address customer credit risk by managing payment due dates and outstanding balances for each project and business partner. - FY2016First statedAnnual report
「Accounts receivable and long-term loans are exposed to customer credit risk. In managing this risk, the company manages payment due dates and outstanding balances for each business partner and monitors their credit status as appropriate.」
The financial instruments notes identify customer credit risk, with management of payment due dates and outstanding balances and monitoring of credit status cited as countermeasures.