Credit Risk of Trade Receivables and Financial Assets
First written in FY2019. 2 of 3 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2021.
Soken Chemical & Engineering moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Materialised".
- FY2021MaterialisedAnnual report
「In light of the fact that the proceeds from the sale of an equity-method affiliate in the previous fiscal year remained unpaid for more than 1 year, the Company recognized an allowance for doubtful accounts of ¥100 million.」
Due to the prolonged non-collection of the proceeds from the transfer of the equity interest, the Company recognized an allowance for doubtful accounts of ¥100.740 million. Credit risk resulted in a full-year loss being recognized. - FY2021-Q3MaterialisedAnnual report
「In light of the fact that the proceeds from the transfer of the equity interest in Pankang Liaohe Zongyan Chemical Co., Ltd., formerly an equity-method affiliate, have remained uncollected for more than 1 year from the transfer date due to delays in remittance review procedures by the transferee and the Chinese authorities, the Company recognized an allowance for doubtful accounts covering the entire receivable.」
The proceeds from the transfer of the equity interest remained uncollected for more than 1 year, and the Company recognized an allowance for doubtful accounts of ¥94.860 million covering the entire receivable. Credit risk relating to customers and business partners has resulted in an actual loss being recognized. - FY2019First statedAnnual report
「Trade receivables, comprising notes and accounts receivable and electronically recorded monetary claims, are exposed to customers' credit risk. The securities are certificates of deposit and are exposed to the issuers' credit risk.」
Disclosed customer credit risk relating to trade receivables and issuer credit risk relating to certificates of deposit.