Risk of deterioration in the lessee’s performance and non-payment of lease payments
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the business performance of airlines and other borrowers (lessees) deteriorates and lease fees are not paid to the SPC in accordance with the contractual terms, the fund’s earnings may deteriorate and investors’ contributed principal may be impaired.」
The company continues to disclose the risk that borrower deterioration and nonpayment of lease fees could affect investor principal and its own performance. - FY2024RestatedAnnual report
「If the business performance of airlines and other borrowers (lessees) deteriorates and lease fees are not paid to the SPC in accordance with the contractual terms, the fund’s earnings may deteriorate and investors’ contributed principal may be impaired.」
The company continues to disclose the risk that borrower deterioration and nonpayment of lease fees could affect investor principal and its own performance. - FY2023First statedAnnual report
「If the business performance of airlines and other borrowers (lessees) deteriorates and lease fees are not paid to the SPC in accordance with the contractual terms, the fund’s earnings may deteriorate and investors’ contributed principal may be impaired.」
The company explicitly discloses the risk that deterioration in borrowers’ business performance or nonpayment of lease fees could affect fund earnings, investor principal, product sales and the company’s performance. Credit screening and sales of assets to third parties are described as responses.