Debt guarantee exposure related to sales contracts, etc.
First written in FY2016-Q3. 16 of 20 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023WorsenedAnnual report
「The Company provides guarantees for obligations related to standby letters of credit as follows.」
The balance of guarantees for obligations related to a standby letter of credit for SLW Co. increased from ¥265,540 thousand to ¥283,340 thousand, increasing guarantee exposure. - FY2022WorsenedAnnual report
「The Company provides guarantees for obligations related to standby letters of credit as follows. Sin Lian Wah Lighting Sdn. Bhd. - 265,540 thousand yen」
A ¥265,540 thousand guarantee for obligations related to a standby letter of credit for SLW Co. was newly disclosed, increasing guarantee exposure. - FY2020MitigatedAnnual report
「Installment obligation guarantees ¥497 thousand -」
The balance of installment obligation guarantees fell from ¥497 thousand to zero. However, the contract itself guaranteeing 50% of the outstanding obligations remains in place. - FY2020-Q3MitigatedAnnual report
「Installment obligation guarantees ¥497 thousand ¥19 thousand」
The balance of installment obligation guarantees declined from ¥497 thousand at the end of the previous consolidated fiscal year to ¥19 thousand. The contract itself guaranteeing 50% of the outstanding obligations remains in place. - FY2020-Q2MitigatedAnnual report
「Installment obligation guarantees ¥612 thousand ¥116 thousand」
The balance of installment obligation guarantees declined from ¥612 thousand at the end of the previous consolidated fiscal year to ¥116 thousand. The contract itself guaranteeing 50% of the outstanding obligations remains in place. - FY2020-Q1MitigatedAnnual report
「Installment obligation guarantees ¥497 thousand ¥463 thousand For installment sales to CBS Financial Service Co., Ltd. relating to products sold by the Company, RECOMM CO.,LTD. has entered into an agreement to guarantee 50% of the outstanding obligations if a customer defaults.」
The contract guaranteeing 50% of the outstanding obligations remains in place, but the balance of installment obligation guarantees declined from ¥497 thousand to ¥463 thousand. - FY2019MitigatedAnnual report
「Installment obligation guarantees ¥772 thousand ¥497 thousand」
The balance of installment obligation guarantees declined from ¥772 thousand at the end of the previous fiscal year to ¥497 thousand. The contract guaranteeing 50% of the outstanding obligations remains in place. - FY2019-Q3MitigatedAnnual report
「Installment obligation guarantees ¥722 thousand ¥562 thousand For installment sales contracts with CBS Financial Service Co., Ltd. relating to products sold by the Company, RECOMM CO.,LTD. has entered into an agreement to guarantee 50% of the outstanding obligations if a customer defaults.」
The contract guaranteeing 50% of the outstanding obligations remains in place, but the balance of installment obligation guarantees declined from ¥722 thousand to ¥562 thousand. - FY2019-Q2MitigatedAnnual report
「Installment obligation guarantees ¥722 thousand ¥612 thousand For installment sales contracts with CBS Financial Service Co., Ltd. relating to products sold by the Company, RECOMM CO.,LTD. has entered into an agreement to guarantee 50% of the outstanding obligations if a customer defaults.」
The contract guaranteeing 50% of the outstanding obligations remains in place, but the balance of installment obligation guarantees declined from ¥722 thousand to ¥612 thousand. - FY2019-Q1MitigatedAnnual report
「Installment obligation guarantees ¥887 thousand ¥667 thousand Monetary obligation guarantees ¥30,640 thousand -」
From the end of the previous consolidated fiscal year to the end of the first quarter, the balance of installment obligation guarantees declined from ¥887 thousand to ¥667 thousand, while the balance of monetary obligation guarantees fell to zero. - FY2018MitigatedAnnual report
「Installment obligation guarantees ¥980 thousand ¥772 thousand Monetary obligation guarantees ¥32,108 thousand -」
The balance of installment obligation guarantees declined from ¥980 thousand to ¥772 thousand, while the balance of monetary obligation guarantees fell to zero. - FY2018-Q3MitigatedAnnual report
「Installment obligation guarantees ¥980 thousand ¥772 thousand Monetary obligation guarantees ¥32,108 thousand ¥27,662 thousand」
From the end of the previous consolidated fiscal year to the end of the third quarter, the balance of installment obligation guarantees declined from ¥980 thousand to ¥772 thousand, while the balance of monetary obligation guarantees declined from ¥32,108 thousand to ¥27,662 thousand. - FY2018-Q2MitigatedAnnual report
「Installment obligation guarantees ¥980 thousand ¥827 thousand Monetary obligation guarantees ¥32,108 thousand ¥29,158 thousand」
From the end of the previous consolidated fiscal year to the end of the second quarter, the balances of both installment obligation guarantees and monetary obligation guarantees declined. The contract guaranteeing 50% of the outstanding obligations remains in place. - FY2018-Q1MitigatedAnnual report
「Installment obligation guarantees ¥980 thousand ¥887 thousand Monetary obligation guarantees ¥32,108 thousand ¥30,640 thousand」
From the end of the previous consolidated fiscal year to the end of the first quarter, the balances of both installment obligation guarantees and monetary obligation guarantees declined. The contract guaranteeing 50% of the outstanding obligations remains in place. - FY2017MitigatedAnnual report
「Lease obligation guarantees ¥738 thousand - Installment obligation guarantees ¥2,767 thousand ¥980 thousand Monetary obligation guarantees ¥37,844 thousand ¥32,108 thousand」
Lease obligation guarantees fell to zero, while the balances of installment obligation guarantees and monetary obligation guarantees also declined from the end of the previous fiscal year. - FY2017-Q3MitigatedAnnual report
「Lease obligation guarantees ¥738 thousand - Installment obligation guarantees ¥2,767 thousand ¥1,497 thousand Monetary obligation guarantees ¥37,844 thousand ¥33,563 thousand」
From the end of the previous consolidated fiscal year to the end of the third quarter, lease obligation guarantees fell to zero, while the balances of installment obligation guarantees and monetary obligation guarantees also declined. - FY2017-Q2MitigatedAnnual report
「Lease obligation guarantees ¥738 thousand ¥50 thousand Instalment obligation guarantees ¥2,767 thousand ¥1,811 thousand Monetary debt guarantees ¥37,844 thousand ¥35,003 thousand」
The balances of lease obligation guarantees, instalment obligation guarantees and monetary debt guarantees all declined from the end of the previous consolidated fiscal year to the end of the second quarter. - FY2017-Q1MitigatedAnnual report
「Lease obligation guarantees ¥738 thousand ¥428 thousand Instalment obligation guarantees ¥2,767 thousand ¥2,200 thousand Monetary debt guarantees ¥37,844 thousand ¥36,430 thousand」
The balances of lease obligation guarantees, instalment obligation guarantees and monetary debt guarantees all declined from the end of the previous consolidated fiscal year to the end of the first quarter. - FY2016MaterialisedAnnual report
「The Company recognised a debt guarantee loss of ¥2,129 thousand as a non-operating expense, and expenditure arising from the performance of the debt guarantee also amounted to ¥2,129 thousand.」
During the fiscal year, the Company recognised a debt guarantee loss and incurred expenditure to perform guarantees in relation to guarantee exposure to customers and others. - FY2016-Q3First statedAnnual report
「Of the products sold by the Company, it has entered into agreements under which RECOMM CO.,LTD. guarantees 50% of the remaining obligations if a customer defaults under lease sales agreements with Smart Lender Co., Ltd. and instalment sales agreements with CBS Financial Service Co., Ltd.」
The Company has agreements to guarantee 50% of the remaining obligations if customers default, and also disclosed the balance of monetary debt guarantees and other guarantees at the end of the third quarter.