Counterparty Credit Risk Management for Trade Receivables
First written in FY2020. 6 of 8 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2026: 23 of 72 companies on the "Worse" side.
- FY2022MaterialisedAnnual report
「However, rental revenue from the tenant section declined substantially because, due to the impact of COVID-19, revenue from a major tenant whose rent had become difficult to collect could no longer be recognized, and the other tenants also vacated the property in November 2021.」
In addition to the difficulty of collecting rent from the major tenant, the other tenants also vacated the property, making the impact of credit and collection risk evident in a substantial decline in rental income from tenants. - FY2022-Q3MitigatedAnnual report
「Because rent payments by the tenant had fallen into arrears due to the impact of COVID-19, the company notified the tenant of its intention to terminate the contract effective January 2021 and filed a lawsuit seeking surrender of the property. The parties reached a settlement in November 2021, and the tenant vacated the property in January 2022.」
The contract termination and lawsuit seeking surrender of the property, prompted by the major tenant's rent arrears, resulted in a settlement in November 2021 and the tenant's departure in January 2022. Rental income from tenants, however, has continued to decline. - FY2022-Q2MaterialisedAnnual report
「Regarding rental income from the tenant section, the company notified a major tenant of its intention to terminate the contract effective January 2021 because rent payments had fallen into arrears due to the impact of COVID-19. The company has also filed a lawsuit against the tenant seeking surrender of the property.」
The major tenant's credit and collection risk continued to materialize, resulting in notice of contract termination and the filing of a lawsuit seeking surrender of the property. - FY2022-Q1MaterialisedAnnual report
「Regarding rental income from the tenant section, the company notified a major tenant of its intention to terminate the contract effective January 2021 because rent payments had fallen into arrears due to the impact of COVID-19. The company has also filed a lawsuit against the tenant seeking surrender of the property.」
The major tenant's credit and collection risk continued to materialize, resulting in notice of contract termination and the filing of a lawsuit seeking surrender of the property. - FY2021MaterialisedAnnual report
「Because payments had fallen into arrears, the company notified the tenant of its intention to terminate the contract effective January 2021 and has not recognized rental revenue from February onward.」
The tenant's credit and collection risk materialized, resulting in notice of contract termination and the cessation of rental revenue from February onward. - FY2021-Q3MaterialisedAnnual report
「As a result, rent collection became difficult, and after discussions between the two parties, the company agreed to reduce the rent for a limited period.」
Concerns over collecting tenant rents due to the impact of the infection continued during the quarter, and the company responded with temporary rent reductions. - FY2021-Q1MaterialisedAnnual report
「As a result, rent collection became difficult, and after discussions between the two parties, the company agreed to reduce the rent for a limited period.」
The impact of COVID-19 gave rise to actual concerns over collecting tenant rents, and the company responded by reducing rents. - FY2020First statedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customers' credit risk. With respect to this risk, the relevant business and administrative departments regularly monitor the status of major customers in accordance with internal regulations, manage payment due dates and balances for each customer, and seek to identify and mitigate concerns over collection at an early stage, including those arising from deteriorating financial conditions.」
The company for the first time identified as a theme its risk management of operating receivables, including regular monitoring of customers' credit status, payment due dates and balances to identify and mitigate collection concerns at an early stage.