Impact of Interest Repayment Claims on Financial Business Revenue
First written in FY2016. 6 of 14 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 2 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 5,770 －」
The provision for interest-refund losses fell from ¥5,770 million at the end of the previous fiscal year to zero, reportedly due to the transfer of the business. - FY2022MitigatedAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 5,770」
The provision for interest-refund losses decreased from ¥8,012 million at the end of the previous fiscal year to ¥5,770 million. The possibility of future claims continues to be disclosed. - FY2021MitigatedAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 10,075 8,012」
The provision for interest-refund losses decreased from ¥10,075 million to ¥8,012 million. The possibility of future claims continues to be disclosed. - FY2020MitigatedAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 10,075」
The provision for interest-refund losses decreased from ¥12,017 million at the end of the previous fiscal year to ¥10,075 million. However, the possibility of future refund claims continues to be disclosed. - FY2020-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2020-Q1RestatedAnnual report
「During the 1st quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2019Decrease in provision balanceAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 12,017」
The provision for interest-refund losses decreased from ¥14,054 million at the end of the previous fiscal year to ¥12,017 million, while the possibility that future refund claims could affect earnings continues to be disclosed. - FY2019-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2018Decrease in provision balanceAnnual report
「Provision for interest-refund losses (Notes 1 and 2) 14,054」
The provision for interest-refund losses decreased from ¥16,889 million at the end of the previous fiscal year to ¥14,054 million, while the possibility that future refund claims could affect earnings continues to be disclosed. - FY2018-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2018-Q1RestatedAnnual report
「During the 1st quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2017Decrease in the provision balanceAnnual report
「Provision for interest-refund losses 16,889」
The provision for interest-refund losses decreased from ¥20,280 million at the end of the previous fiscal year to ¥16,889 million, while the possibility of refund claims continues to be disclosed. - FY2017-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated fiscal year, there were no material changes in financial position, operating results or cash flows, including any abnormal fluctuations, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the impact of interest-refund claims on revenue from the financial business. - FY2016First statedAnnual report
「Following an amendment to the law reducing the maximum interest rate under the Money Lending Business Act to the maximum rate under the Interest Rate Restriction Act, claims may be made for the return, as unjust enrichment, of amounts exceeding the maximum interest rate prescribed by the Interest Rate Restriction Act. In particular, although ワイジェイカード Co., Ltd. has recorded a provision estimated conservatively, refund claims may affect revenue.」
A provision for interest refund losses of ¥20,280 million was disclosed as of the end of March 2016.