Counterparty Credit and Product Supply Risk
First written in FY2016. 12 of 18 entries say "Restated". Latest entry: FY2024-Q2.
Tokyo Base moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 7 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2024-Q2WorsenedAnnual report
「Meanwhile, in mainland China, although some recovery was seen after the zero-COVID policy was lifted, the company struggled from April onward due to external factors stemming from deteriorating economic conditions, a lack of freshness in its product assortment and weaker sales capabilities.」
The filing states that the China business struggled due to insufficient freshness of its product assortment and reduced sales capabilities, indicating deterioration in the business environment for product supply, product mix and sales operations. - FY2023-Q3WorsenedAnnual report
「Although the extensive lockdowns in the Shanghai area were lifted from June onward in mainland China, extremely difficult conditions continue, with the zero-COVID policy still having a major impact through restrictions on going out, a substantial stagnation in foot traffic, reduced purchasing activity, supply chain disruptions, and the forced implementation of irregular temporary closures and reduced operating hours at commercial facilities.」
Even after the lockdowns in the Shanghai area were lifted, restrictions on going out, stagnant foot traffic, reduced purchasing activity and supply chain disruptions continued in mainland China, making the difficult conditions for product supply and sales more apparent. - FY2023-Q2WorsenedAnnual report
「For the second quarter of the current consolidated fiscal period (1 April 2022 to 30 June 2022), the Chinese subsidiary faced extremely difficult conditions, largely affected by restrictions on going out, stagnant foot traffic, reduced purchasing activity and supply chain disruptions resulting from the zero-COVID policy, including lockdowns in the Shanghai area.」
Lockdowns in the Shanghai area resulted in reduced purchasing activity and supply chain disruptions in the China business, which emerged as actual business-environment factors. - FY2023-Q1WorsenedAnnual report
「Overseas, although new store openings in mainland China contributed to results, difficult conditions continue due to stagnant foot traffic, reduced purchasing activity and supply chain disruptions resulting from the zero-COVID policy.」
Supply chain disruptions resulting from China's zero-COVID policy were cited as an actual business-environment factor. - FY2022-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated cumulative period, there were no material changes in the matters related to the business and accounting conditions described in this quarterly report, including the occurrence of major risks that management recognizes could materially affect the consolidated companies’ financial position, operating results or cash flows, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2018RestatedAnnual report
「Most of the counterparties from which we have trade receivables and the commercial facilities in which we operate as tenants are highly creditworthy companies, such as major developers and major credit card companies. However, if we become unable to collect trade receivables, security deposits or other amounts due to bankruptcy or any other reason, our results may be affected. In addition, if suppliers revise their brand business policies or strategies, or if their operating or financial condition deteriorates, resulting in delays in product supply to us, reductions in delivery volumes or an inability to supply products, our business activities may be disrupted and our results may be affected.」
The company continues to disclose risks relating to counterparty credit and receivables collection, as well as product supply from suppliers. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit, product supply, or the collection risk for trade receivables and security deposits. - FY2017Expanded the scope to include the collection of trade receivables and security depositsAnnual report
「Most of the counterparties from which we have trade receivables and the commercial facilities in which we operate as tenants are highly creditworthy companies, such as major developers and major credit card companies. However, if we become unable to collect trade receivables, security deposits or other amounts due to bankruptcy or any other reason, our results may be affected.」
In addition to the existing risk of product supply from suppliers, the filing explicitly identifies the risk of being unable to collect trade receivables and security deposits. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit and product supply risk. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit and product supply risk. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes regarding counterparty credit and product supply risk. - FY2016First statedAnnual report
「If suppliers revise their brand business policies or strategies, or if their operating or financial condition deteriorates, resulting in delays in product supply to us, reductions in delivery volumes or an inability to supply products, our business activities may be disrupted and our results may be affected.」
The company identifies supply delays, reduced volumes and inability to supply products due to changes in suppliers' policies or deterioration in their operating condition as risks.