Deterioration in the creditworthiness of customers and lessees and bad debt losses
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We take measures to prevent the occurrence of unpaid rent and other receivables, including screening customers and managing their credit when they move in and responding promptly when rent payments become overdue.」
The policy of screening customers when they move in, managing credit, and responding promptly to arrears is reiterated as a response to deterioration in the creditworthiness of customers and lessees and the risks of arrears and bad debts. - FY2024RestatedAnnual report
「We take measures to prevent the occurrence of unpaid rent and other receivables, including screening customers and managing their credit when they move in and responding promptly when rent payments become overdue.」
The policy of screening customers when they move in, managing credit, and responding promptly to arrears is reiterated as a response to deterioration in the creditworthiness of customers and lessees and the risks of arrears and bad debts. - FY2018RestatedAnnual report
「In the interior fixtures and equipment support businesses ＧＦリース and まるごとサポート, there is a risk that lease payments may become difficult to collect if a business partner goes bankrupt or experiences another similar event in lease transactions and other dealings with business partners.」
The disclosure continues to describe credit risks including customer and lessee bankruptcy, arrears, bad debt losses and multiple leasing. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to existing risks, including deterioration in the creditworthiness of customers and lessees and bad debt losses. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to existing risks, including deterioration in the creditworthiness of customers and lessees and bad debt losses. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to existing risks, including deterioration in the creditworthiness of customers and lessees and bad debt losses. - FY2017WorsenedAnnual report
「For customers using the new service “まかせて保証金,” if a customer falls behind on rent and vacates the property and lacks the ability to pay the overdue rent or restoration costs, those amounts may be uncollectible.」
In addition to conventional leasing and customer credit risks, the disclosure expressly identifies the risk of failing to collect overdue rent and restoration costs associated with the new service “まかせて保証金.” - FY2017-Q2MitigatedAnnual report
「Regarding the subsequent status of the risk of non-collection or delayed collection disclosed in the notice titled “Notice Concerning the Risk of Non-Collection or Delayed Collection of Receivables” dated 28 April 2017, as disclosed in the notice titled “Notice Concerning Full Collection of Trade Receivables” dated 4 July 2017, we received full repayment.」
The disclosure states that trade receivables related to the customer credit risk that emerged in the previous quarter were fully repaid. - FY2017-Q1MaterialisedAnnual report
「Because the Tokyo District Court ordered the commencement of bankruptcy proceedings on 28 April 2017 for a business partner from which we held trade receivables, we recorded an allowance for doubtful accounts of ¥81.923 million in selling, general and administrative expenses due to the risk that the receivables from the company would become uncollectible or collection would be delayed.」
Bankruptcy proceedings were actually initiated for a business partner, and an allowance for doubtful accounts of ¥81.923 million was recorded. - FY2016First statedAnnual report
「In lease transactions and other dealings with business partners through ＧＦリース and まるごとサポート, there is a risk that lease payments may become difficult to collect if a business partner goes bankrupt or experiences another similar event.」
The disclosure provides details of credit risks, including customer or business partner bankruptcy, rent arrears, uncollected lease payments and multiple leasing.