Delayed collection and bad-debt risk for ICO consulting trade receivables
First written in FY2020-Q1. 1 of 2 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020-Q3.
Vixton moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 13 of 34 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「This was mainly due to an increase of ¥227 million in advances paid, offset by decreases of ¥874 million in cash and deposits, ¥179 million in notes and accounts receivable, and ¥67 million in merchandise and finished goods, as well as the recording of a ¥206 million allowance for doubtful accounts.」
A ¥206 million allowance for doubtful accounts was recorded, materially reflecting the collection risk for trade receivables and other assets in the financial position. - FY2020-Q1First statedAnnual report
「In the income statement, the company recorded an allowance for doubtful accounts on an individual basis for trade receivables from ICO consulting services recognised as revenue in the previous fiscal year, because collection was delayed as of the end of the first quarter of the current consolidated cumulative period.」
Collection of trade receivables from ICO consulting services recognised as revenue in the previous fiscal year was delayed, and an allowance for doubtful accounts was recorded on an individual basis. The collection risk has been reflected in the actual accounting treatment.