Concentration of Accounts Receivable Collection with Payment Processing Companies
First written in FY2022. 1 of 2 entries say "Mitigated", first in FY2023. Latest entry: FY2023.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「For trade receivables, in accordance with its receivables management regulations, the Company regularly monitors the status of its major customers and manages due dates and balances for each customer, while working to identify and mitigate collection concerns at an early stage, including those arising from deteriorating financial conditions.」
The Company specifies its receivables management regulations, regular monitoring, and management of due dates and balances as measures against trade receivables collection risk. - FY2022First statedAnnual report
「The Company enables customers to pay the fees for its services by credit card or direct debit from a bank account, and trade receivable balances tend to be concentrated with certain payment processors.」
The Company identifies bad debts resulting from customer bankruptcies and other events, as well as the concentration of trade receivable balances with payment processors, as risks.