Credit Risk Management for Trade Receivables, Leasehold Deposits and Guarantee Deposits
First written in FY2017. 1 of 2 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2020-Q2.
Axas Holdings moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 1 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2020-Q2MaterialisedAnnual report
「Although ¥331.528 million in damages received based on the finalized litigation claim of ¥331.528 million was recognized as extraordinary income, ¥331.528 million was also recognized as an expense for provision of allowance for doubtful accounts under applicable accounting standards and other requirements, resulting in an equal amount being recognized as extraordinary loss.」
A full allowance for doubtful accounts was recognized for the claim finalized through litigation, giving rise to a specific accounting treatment for credit risk concerning the recoverability of trade receivables and other assets. - FY2017First statedAnnual report
「Trade receivables, which are operating receivables, are exposed to customers' credit risk. Lease deposits and guarantee deposits are primarily paid under store lease agreements and are exposed to the lessors' credit risk.」
The company has established procedures for setting and reviewing credit limits for accounts receivable, monitoring due dates and balances, and assessing the credit status of business partners.