Collection and bad debt risk relating to receivables from the transferred Chinese subsidiary
First written in FY2019-Q2. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 19 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「An allowance for doubtful accounts has been recorded for the entire period-end balance of ¥429 million.」
The balance of receivables from 富通昭和線纜（杭州）有限公司 declined from ¥1,034 million at the end of the previous fiscal year to ¥429 million, and an allowance for doubtful accounts was recorded for the full amount. Receivables exposure has decreased. - FY2019RestatedAnnual report
「The Group has receivables, including loans, from the company. At the time of the business separation, it recorded an allowance for doubtful accounts on a consolidated basis in an amount equal to the gain on the sale of investments in an affiliated company.」
Following the divestment of the Chinese subsidiary, the loans and other receivables from the company and the recording of an allowance for doubtful accounts were confirmed as part of the accounting treatment for the business separation. - FY2019-Q3RestatedAnnual report
「Demand for electrical equipment remained firm, but infrastructure-related and electronic component-related businesses showed a slight declining trend. In addition, revenue from the Chinese subsidiary removed from consolidation following the transfer of the equity interest was excluded, and an allowance for doubtful accounts was recorded against receivables. As a result, revenue was ¥15,598 million, down 1.6% year on year, and operating profit was ¥89 million, down 62.2%.」
The recording of an allowance for doubtful accounts against receivables from the Chinese subsidiary excluded from consolidation continues to be cited as a factor behind the decline in winding business profit. - FY2019-Q2MaterialisedAnnual report
「In Japan, demand for electrical equipment remained firm, but infrastructure-related demand was sluggish. In addition, because an allowance for doubtful accounts was recorded against receivables from a Chinese subsidiary excluded from the scope of consolidation, revenue was ¥10,319 million, up 1.6% year on year, and the company posted an operating loss of ¥34 million, compared with operating profit of ¥118 million in the same period a year earlier.」
The recording of an allowance for doubtful accounts against receivables from the Chinese subsidiary that was excluded from consolidation following the transfer of the equity interest was cited as a factor causing the winding business to post an operating loss.