Decline in Collateral Value and Bad Debt Risk for Real Estate-Backed Loans
First written in FY2017. 16 of 19 entries say "Restated". Latest entry: FY2026-H1.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, 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.」
It is stated that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2025Organized as the risk of subrogation payments under reverse mortgage guaranteesAnnual report
「Under the reverse mortgage guarantees provided through the Finance Operations business, if the guarantee principal defaults on its obligations, the Company makes subrogation payments to the financial institution.」
The previous explanation of declining collateral values and bad debt risks for real estate-backed loans has been expressly reorganized as the risks of subrogation payments, insufficient collateral and bad debts upon a default under reverse mortgage guarantees. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, 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.」
It is stated that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2020RestatedAnnual report
「If customers become unable to repay their loans because of a decline in their repayment capacity, the Group will recover the loan receivables by selling the collateralized real estate. However, if the sale price is below the loan amount or the property cannot be sold, a bad debt loss will arise」
The risks of declining collateral values, declining customer repayment capacity, and bad debt losses resulting from collateral sale prices falling below the loan amount or the inability to sell the collateral continue to be disclosed. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2019RestatedAnnual report
「If customers become unable to repay their loans because of a decline in their repayment capacity, the Group will recover the loan receivables by selling the collateralized real estate. However, if the sale price is below the loan amount or the property cannot be sold, a bad debt loss will arise」
The risks of insufficient collateral due to deterioration in the real estate market, declining customer repayment capacity, and bad debt losses resulting from collateral sale prices falling below the loan amount or the inability to sell the collateral continue to be disclosed. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2019-Q1MaterialisedAnnual report
「かぶちゃん農園株式会社, a customer of the Company's consolidated subsidiary 株式会社フィナンシャルドゥ, filed for bankruptcy with the Tokyo District Court on 1 October 2018 and received an order commencing bankruptcy proceedings on the same day.」
Following the customer's bankruptcy, ¥766,586 thousand in operating loans receivable and ¥17,595 thousand in accrued interest, totaling ¥784,181 thousand, were transferred to claims in bankruptcy and reorganization. Because the appraised value of the collateralized real estate exceeded the amount of the claims and the Company judged that the full amount could be recovered, it explained that there would be no impact on operating results. - FY2018RestatedAnnual report
「If customers become unable to repay their loans because of a decline in their repayment capacity, the Group will recover the loan receivables by selling the collateralized real estate. However, if the sale price is below the loan amount or the property cannot be sold, a bad debt loss will arise」
The risks of insufficient collateral due to deterioration in the real estate market, declining customer repayment capacity, and bad debt losses resulting from collateral sale prices falling below the loan amount or the inability to sell the collateral continue to be disclosed. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
A comprehensive statement says that there have been no new developments or material changes concerning the risks of declining collateral values and bad debts relating to real estate-backed loans. - FY2017First statedAnnual report
「If customers become unable to repay their loans because of a decline in their repayment capacity, the Group will recover the loan receivables by selling the collateralized real estate. However, if the sale price is below the loan amount or the property cannot be sold, a bad debt loss will arise and may affect the Group's operating results and financial position.」
The risks specific to the real estate finance business, including insufficient collateral due to deterioration in the real estate market, declining customer repayment capacity, and bad debt losses resulting from collateral sale prices falling below the loan amount or the inability to sell the collateral, have been disclosed separately for the first time.