Credit risk associated with trade receivables, market price fluctuation risk on investment securities, and interest rate fluctuation risk on borrowings
First written in FY2016. 3 of 11 entries say "Mitigated", first in FY2019. Latest entry: FY2025.
Kawasaki Geological Engineering moved to the "Worse" side of this theme in 2021, 5 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 7 of 17 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Corporate bonds and borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 7 years after the fiscal year-end.」
The company continues to disclose credit risk on trade receivables, market price fluctuation risk on investment securities, and risks relating to corporate bonds and borrowings, as well as a maximum repayment period of 7 years. - FY2024MitigatedAnnual report
「Corporate bonds and borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 7 years after the fiscal year-end.」
The company continues to disclose credit risk on trade receivables, market price fluctuation risk on investment securities, and risks relating to borrowings and other debt, while the maximum repayment period has been shortened from 8 years in the previous fiscal year to 7 years. - FY2023WorsenedAnnual report
「Corporate bonds and borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 8 years after the fiscal year-end.」
The company continues to disclose credit risk on trade receivables and market price fluctuation risk on investment securities, while the maximum repayment period for corporate bonds and borrowings has been extended from 4 years in the previous disclosure to 8 years. - FY2022MitigatedAnnual report
「Corporate bonds and borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 4 years after the fiscal year-end.」
The company continues to disclose credit risk, market price fluctuation risk and funding risk, while the maximum repayment period for borrowings and other debt, including corporate bonds, has changed from 5 years in the previous disclosure to 4 years. - FY2021ReframedAnnual report
「Investment securities consist primarily of shares held for long-term investment and are exposed to market price fluctuation risk. Corporate bonds and borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 5 years after the fiscal year-end.」
The company continues to disclose market price fluctuation risk on investment securities and credit risk on trade receivables. Corporate bonds have been added to its sources of financing, and the maximum redemption or repayment period has changed from 2 years to 5 years. - FY2020MaterialisedAnnual report
「During the current fiscal year, the company recognized an impairment loss of ¥28.082 million on investment securities.」
The investment securities market price fluctuation risk previously disclosed materialized as an impairment loss of ¥28.082 million during the current fiscal year. - FY2020-Q2MaterialisedAnnual report
「The amount was ¥126 million, down 23.5% year on year, due to the recognition of a valuation loss on investment securities as an extraordinary loss during the current second quarter accounting period.」
During the current quarter, the investment securities market price fluctuation risk previously disclosed materialized as a valuation loss on investment securities of ¥28.082 million. - FY2019MitigatedAnnual report
「Borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 2 years after the fiscal year-end.」
The stated maximum repayment period for borrowings has been shortened from 4 years in the previous disclosure to 2 years. The disclosures of credit risk, market price fluctuation risk and interest rate fluctuation risk continue. - FY2018RestatedAnnual report
「Notes receivable and unbilled receivables for completed surveys, which are trade receivables, are exposed to customers' credit risk. Investment securities consist primarily of shares held for long-term investment and are exposed to market price fluctuation risk. Almost all survey-related accounts payable, which are trade payables, are due within 1 month. Borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 4 years after the fiscal year-end. Some long-term borrowings are exposed to interest rate fluctuation risk.」
The company continues to disclose credit risk on trade receivables, market price fluctuation risk on investment securities, and interest rate fluctuation risk on long-term borrowings, with a maximum repayment period of 4 years. - FY2017ReframedAnnual report
「Notes receivable and unbilled receivables for completed surveys, which are trade receivables, are exposed to customers' credit risk. Investment securities consist primarily of shares held for long-term investment and are exposed to market price fluctuation risk. Almost all survey-related accounts payable, which are trade payables, are due within 1 month. Borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 4 years after the fiscal year-end. Some long-term borrowings are exposed to interest rate fluctuation risk.」
The company continues to disclose credit risk, market price fluctuation risk and interest rate fluctuation risk on borrowings, while the maximum repayment period for borrowings has changed from 5 years to 4 years. - FY2016First statedAnnual report
「Notes receivable and unbilled receivables for completed surveys, which are trade receivables, are exposed to customers' credit risk. Investment securities consist primarily of shares held for long-term investment and are exposed to market price fluctuation risk. Almost all survey-related accounts payable, which are trade payables, are due within 1 month. Borrowings are used primarily for short-term working capital and long-term capital investment in facilities and other assets, and their redemption or repayment dates are no later than 5 years after the fiscal year-end. Some long-term borrowings are exposed to interest rate fluctuation risk.」
The disclosure specifies credit, market price and interest rate risks relating to trade receivables, investment securities and long-term borrowings, and also discloses the balances in the financial statements and repayment periods.