Pacific Metals (5541) · RiskMitigated
Risk of losses arising from breach of contract
First written in FY2017. 6 of 7 entries say "Mitigated", first in FY2020. Latest entry: FY2023-Q3.
7entries
7years
0from disclosures
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Provision for contract losses arising from a breach of contractA theme 2 companies write about · 2 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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Full recordFilings, disclosures and news, newest first
- FY2023-Q3MitigatedAnnual report
「Provision for contract losses 1,306 1,273」
The balance of the provision for contract losses decreased from ¥1,306 million at the end of the previous consolidated fiscal year to ¥1,273 million. Provision remains in place against contractual defaults, although it has declined. - FY2023-Q2MitigatedAnnual report
「Provision for contract losses 1,306 1,273」
The balance of the provision for contract losses decreased from ¥1,306 million at the end of the previous consolidated fiscal year to ¥1,273 million, and the provision against contractual defaults declined. - FY2022-Q2MitigatedAnnual report
「Provision for contract losses 1,377 1,306」
The balance of the provision for contract losses decreased from ¥1,377 million at the end of the previous consolidated fiscal year to ¥1,306 million. Provision remains in place against contractual defaults, although it has declined. - FY2022-Q1MitigatedAnnual report
「Provision for contract losses 1,377 1,339」
The balance of the provision for contract losses decreased from ¥1,377 million at the end of the previous consolidated fiscal year to ¥1,339 million. Provision remains in place against contractual defaults, although it has declined. - FY2021-Q2MitigatedAnnual report
「Provision for contract losses 1,507 1,377」
The balance of the provision for contract losses decreased from ¥1,507 million at the end of the previous consolidated fiscal year to ¥1,377 million. Provision remains in place against contractual defaults, although the recorded balance has declined. - FY2020MitigatedAnnual report
「Provision for contract losses 1,673 1,507」
The balance of the provision for contractual defaults decreased from ¥1,673 million in the previous fiscal year to ¥1,507 million. Provision remains in place against the risk. - FY2017MaterialisedAnnual report
「To provide for losses that may arise from future contractual defaults, the company has recorded the estimated amount of such losses as follows.」
In FY2017, the company recorded ¥1,942 million in provision expense for contract losses, making the possibility of losses arising from contractual default an identifiable accounting matter.