Risk of Suspended Remittances and Difficulty Collecting Payment in Overseas Business
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2022.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The trading business also conducts import and export transactions and may face the risk of being unable to import or export depending on conditions in the relevant countries, as well as the risk of being unable to collect payment if a foreign government suspends outward remittances due to foreign-currency conditions or other reasons. The Group addresses these risks by using trade insurance and other measures.」
Collection risk from the suspension of overseas imports, exports or remittances, and measures using trade insurance, remain in place. - FY2018RestatedAnnual report
「The Group designates countries with high country risk based on external credit ratings and identifies and manages the associated risks. However, if a foreign government suspends outward remittances due to foreign-currency conditions or other reasons, the Group may bear the risk of being unable to collect payment.」
Country-by-country management using external credit ratings and the risk of collecting payment if outward remittances are suspended remain in place. - FY2017RestatedAnnual report
「Accordingly, the Group designates countries with high country risk based on external credit ratings and identifies and manages the associated risks. However, if a foreign government suspends outward remittances due to foreign-currency conditions or other reasons, the Group may bear the risk of being unable to collect payment.」
Country-by-country management using external credit ratings and the risk of collecting payment if outward remittances are suspended remain in place. - FY2016First statedAnnual report
「International transactions involve country risk. Accordingly, the Group designates countries with high country risk based on external credit ratings and identifies and manages the associated risks. However, if a foreign government suspends outward remittances due to foreign-currency conditions or other reasons, the Group may bear the risk of being unable to collect payment.」
Country-by-country management using external credit ratings, and collection risk if a government suspends outward remittances.