Risk of deterioration in customers’ creditworthiness and business failures
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Although the Group works to manage the credit of its business counterparties, if a customer, subcontractor or other counterparty experiences a deterioration in financial condition or becomes insolvent, the Group may be unable to collect funds or may experience construction delays and other problems.」
The Group continues to address the risks of uncollectible receivables and construction delays caused by deteriorating creditworthiness or insolvency among counterparties through credit management. - FY2022-Q3RestatedAnnual report
「If an event such as a deterioration in the creditworthiness of the EPC contractor engaged for a project affects the construction period, the construction contract price may increase or the FIT electricity sales period may be shortened, potentially adversely affecting the profitability of the business.」
The Group continues to disclose the risk that deterioration in the creditworthiness of the appointed EPC contractor may affect the construction schedule, construction costs, the FIT electricity sales period and profitability. - FY2022-Q2WorsenedAnnual report
「If an event such as a deterioration in the creditworthiness of the EPC contractor engaged for a project affects the construction period, the construction contract price may increase or the FIT electricity sales period may be shortened, potentially adversely affecting the profitability of the business.」
For the construction of a large-scale biomass power plant, deterioration in the creditworthiness of the appointed EPC contractor was identified as a risk affecting the construction schedule, construction costs, the FIT electricity sales period and profitability. - FY2021First statedAnnual report
「If a customer, subcontractor or other business counterparty experiences a deterioration in financial condition or becomes insolvent, the Group may be unable to collect funds or may experience construction delays and other problems.」
The Group identifies uncollectible receivables and construction delays caused by deteriorating creditworthiness among customers, subcontractors and other counterparties as risks.