Komori
Thermae-Yu Holdings (3521) · RiskMaterialised

Counterparty Credit Risk Management for Trade Receivables

First written in FY2020. 6 of 8 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2022.

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3years
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2021-Q1 – FY2022-Q2MitigatedFY2022-Q32020: 220202021: 420212022: 22022
Same theme, other companies
Customer Credit Risk ManagementA theme 1114 companies write about · 1145 as a headwind · 20 as a tailwind

The whole theme swung hardest in 2026: 23 of 72 companies on the "Worse" side.

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 193 companies compared. The sentences above are computed from all 193.Comparing 200 of the theme's 1162 threads.
Full recordFilings, disclosures and news, newest first
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
Moved together

"Impact of the COVID-19 Pandemic on the Bathing-Facility Business and Rental Income" moved the same way as this thread, in the same document, in 6 of its 8 moves.

655543★123456
  1. ★This thread
  2. 1Impact of the COVID-19 Pandemic on the Bathing-Facility Business and Rental Income6×
  3. 2Stable Income from Real Estate Leasing and Effective Use of Owned Land5×
  4. 3Expansion of Sales and Profits in the Bathing Facilities Business5×
  5. 4Risk of Facility Shutdown Due to Natural Disasters, Fire or Terrorism5×
  6. 5Expansion of consolidated losses after the launch of the bathing business4×
  7. 6Stagnant Wage Growth and Weak Personal Consumption3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Thermae-Yu Holdings's next results are scheduled for 2026-11-12. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.