Risks Related to Cambodia’s Economic Growth and Policy Changes
First written in FY2019. 7 of 11 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
27 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「The impact of COVID-19 on the vehicle sales business caused a rapid deterioration in the credit quality of installment receivables from completed sales, resulting in the Group recording substantial losses from the resolution of non-performing loans in the fiscal year ended September 2020, including precautionary measures for the future.」
Risks related to Cambodia's economic and infectious disease environment have manifested themselves in deteriorating credit quality of installment receivables, substantial losses and the formal withdrawal from the vehicle sales business. - FY2022-Q3RestatedAnnual report
「During the cumulative third 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 annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2021-Q3RestatedAnnual report
「As a short-term recovery in the vehicle sales and leasing market cannot be expected due to the impact of COVID-19, the company continues to freeze new business activities and collect receivables.」
It reaffirms that, in Cambodia's vehicle sales and leasing businesses, the company has frozen new business because a market recovery is not expected and is proceeding with the collection of receivables. - FY2021-Q2MaterialisedAnnual report
「As a short-term recovery in the vehicle sales and leasing market cannot be expected due to the impact of COVID-19, the company continues to freeze new business activities and collect receivables.」
The deteriorating outlook for a recovery in the Cambodian market has manifested itself in actual business operations through a freeze on new business and a shift toward collecting receivables. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2020MaterialisedAnnual report
「In the vehicle installment sales and leasing businesses, sales declined substantially due to the suspension of new credit extensions amid uncertainty over the outlook for the Cambodian economy and requests from the National Bank of Cambodia to reschedule repayments.」
Uncertainty over the Cambodian economy actually manifested itself in the suspension of new credit extensions, requests to reschedule repayments and a substantial decline in sales. - FY2020-Q3RestatedAnnual report
「During the cumulative third 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 annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2020-Q2RestatedAnnual report
「There have been 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 explicitly states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes regarding economic growth and policy change risks in Cambodia. - FY2019First statedAnnual report
「The Group operates vehicle sales, leasing, microfinance and human resources dispatch businesses in Cambodia. However, if economic growth slows, personal consumption stagnates, or laws or policies change in the country, this could affect the Group's operating results and financial position.」
For the first time, the effects of slower economic growth, stagnant personal consumption and changes in laws and policies in Cambodia are explicitly identified as risks specific to the overseas business.