Customer Credit Risk on Trade Receivables
First written in FY2016. 3 of 6 entries say "Worsened", first in FY2017. Latest entry: FY2023.
Recomm 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.
16 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「Balance at 30 September 2023 2,609,051 23,328」
The balance of trade receivables and other receivables subject to recognition of an allowance for doubtful accounts increased from ¥2,209,287 thousand to ¥2,609,051 thousand, while the allowance for credit-impaired financial assets was ¥23,328 thousand. The balance past due by more than 3 months also increased to ¥189,608 thousand. - FY2022WorsenedAnnual report
「Trade receivables and other receivables were ¥2,209,287 thousand, the allowance for doubtful accounts deducted was ¥35,840 thousand, and the balance past due by more than 3 months was ¥53,269 thousand.」
As a result of the consolidation of SLW and other factors, trade receivables increased from ¥1,644,888 thousand to ¥2,173,447 thousand, while the allowance for doubtful accounts increased from ¥20,693 thousand to ¥35,840 thousand. - FY2020MitigatedAnnual report
「As of the consolidated balance sheet date for the current period, approximately 30% of trade receivables were due from certain major customers.」
The concentration of trade receivables due from certain major customers was approximately 30%, down from the previously disclosed 38.1%. - FY2018MitigatedAnnual report
「As of the consolidated balance sheet date for the current period, 38.1% of trade receivables were due from certain major customers.」
The concentration of trade receivables due from certain major customers was 38.1%, down from 39.6% in the previous fiscal year. - FY2017WorsenedAnnual report
「As of the consolidated balance sheet date for the current period, 39.6% of trade receivables were due from certain major customers.」
The concentration of trade receivables due from certain major customers was quantified at 39.6%, making the concentration of credit risk explicit. - FY2016First statedAnnual report
「Trade receivables, including notes and accounts receivable and other receivables, as well as long-term loans to customers and other business partners, are exposed to customers’ credit risk.」
The disclosure states that trade receivables and other receivables are exposed to customers’ credit risk, with credit management rules, monitoring of due dates and balances, and monitoring of financial conditions serving as countermeasures. It also states that 27.9% of trade receivables are due from certain major customers.