Risk of Loss from Unpurchased Balances under Raw Material Purchase Reservation Contracts
First written in FY2017-Q3. 5 of 10 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2024.
OSAKA Titanium technologies moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Raw material purchase reservation contracts Fiscal year 26 (31 March 2023) ¥1,941 million Fiscal year 27 (31 March 2024) ¥0 million」
The unpurchased balance under purchase reservation contracts fell from ¥1,941 million to zero, eliminating the balance exposed to potential losses depending on resale status upon contract termination. - FY2024-Q3MitigatedAnnual report
「Raw material purchase reservation contracts Previous fiscal year (31 March 2023) ¥1,941 million Third quarter accounting period (31 December 2023) ¥959 million」
The unpurchased balance related to raw material purchase reservations declined from ¥1,941 million at the end of the previous fiscal year to ¥959 million. The potential for a loss depending on resale status upon contract termination remains, but the relevant balance decreased. - FY2024-Q2MitigatedAnnual report
「Previous fiscal year (31 March 2023) ¥1,941 million Second quarter accounting period (30 September 2023) ¥1,606 million」
The unpurchased balance related to raw material purchase reservations declined from ¥1,941 million to ¥1,606 million. The potential for a loss depending on resale status upon contract termination remains, but the relevant balance decreased. - FY2023-Q1MitigatedAnnual report
「Raw material purchase reservation contracts Previous fiscal year (31 March 2022) ¥2,090 million First quarter accounting period (30 June 2022) ¥1,941 million」
The unpurchased balance related to raw material purchase reservations declined from ¥2,090 million at the end of the previous fiscal year to ¥1,941 million. The potential for a loss depending on resale status upon contract termination remains, but the balance exposed to the risk narrowed slightly. - FY2022WorsenedAnnual report
「If an unpurchased balance remains when a purchase reservation contract ends, the Company may incur a loss depending on the status of resale by the contracting counterparty to a third party. Fiscal year 24 (31 March 2021) ¥0 million; Fiscal year 25 (31 March 2022) ¥2,090 million」
The unpurchased balance related to raw material purchase reservations increased from zero at the end of the previous fiscal year to ¥2,090 million, again expanding the balance that could give rise to a loss upon contract termination. - FY2022-Q3WorsenedAnnual report
「The following are purchase-reserved raw materials, other than those recorded on the balance sheet, for which ownership has not been transferred to the Company. If an unpurchased balance remains when a purchase reservation contract ends, the Company may incur a loss depending on the status of resale by the contracting counterparty to a third party. Previous fiscal year (31 March 2021) ¥0 million Third quarter accounting period (31 December 2021) ¥1,130 million」
The unpurchased balance of raw materials under purchase reservations increased from ¥0 million at the end of the previous fiscal year to ¥1,130 million. The balance exposed to potential losses upon contract termination depending on resale status expanded again. - FY2022-Q2WorsenedAnnual report
「Previous fiscal year (31 March 2021) ¥0 million Second quarter accounting period (30 September 2021) ¥372 million」
The unpurchased balance of raw materials under purchase reservations was recorded again, increasing from ¥0 million at the end of the previous fiscal year to ¥372 million. The potential for a loss depending on resale status upon contract termination re-emerged with an associated balance. - FY2018-Q1MitigatedAnnual report
「The following are purchase-reserved raw materials, other than those recorded on the balance sheet, for which ownership has not been transferred to the Company. If an unpurchased balance remains when a purchase reservation contract ends, the Company may incur a loss depending on the status of resale by the contracting counterparty to a third party.」
The balance of purchase-reserved items declined from ¥421 million at the end of the previous fiscal year to ¥235 million at the end of the first quarter accounting period. The potential for a loss upon contract termination continued to be disclosed. - FY2017WorsenedAnnual report
「The following are purchase-reserved raw materials, other than those recorded on the balance sheet, for which ownership has not been transferred to the Company. If an unpurchased balance remains when a purchase reservation contract ends, the Company may incur a loss depending on the status of resale by the contracting counterparty to a third party.」
The unpurchased balance under purchase reservation contracts was ¥421 million, up from ¥270 million at the end of the third quarter of the previous fiscal year. The potential for a loss upon contract termination continued. - FY2017-Q3First statedAnnual report
「If an unpurchased balance remains when a purchase reservation contract ends, the Company may incur a loss depending on the status of resale by the contracting counterparty to a third party.」
The balance of raw materials under purchase reservations that were not recorded on the balance sheet was stated as ¥270 million at the end of the third quarter accounting period. The potential for a loss arising from the unpurchased balance at contract termination and the status of resale to third parties was newly disclosed.