Default by Wholesale Customers
First written in FY2016. 17 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The Company faces collection risk with respect to amounts payable to it by customers.」
The Company continues to address the credit and collection risks involving wholesale customers through credit management. - FY2025-H1RestatedAnnual report
「During the interim accounting period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2021WorsenedAnnual report
「Revenue in the wholesale division includes drop-shipment transactions. These transactions carry risks because they are conducted without going through the Company's departments directly, making proactive verification and control difficult.」
In addition to the previously identified risks of customer default and non-collection, the Company explicitly identifies the new exposure that drop-shipment transactions are difficult to verify and control. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risks of default and non-collection involving wholesale customers. - FY2017RestatedAnnual report
「The Company faces collection risk with respect to amounts payable to it by customers. It seeks to mitigate this risk through the establishment of credit management rules and records allowances for bad debts, but there is no guarantee that customers will maintain sound financial condition and meet their obligations to the Company.」
The Company continues to indicate the risk of non-collection from wholesale customers while describing measures based on its credit management rules and allowances. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risk of default by wholesale customers. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period ended the second quarter. In addition, no material changes have occurred in the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risk of default by wholesale customers. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are identified in the risk of default by wholesale customers. - FY2016First statedAnnual report
「There is no guarantee that customers will maintain sound financial condition and meet their obligations to the Company. If a customer defaults, it could adversely affect the Company's results and financial condition.」
The Company describes measures based on its credit management rules and allowance for doubtful accounts, but states that the possibility of non-collection remains.