Recognition of a Provision for Doubtful Accounts Due to Deterioration in the Collection of Trade Receivables from Overseas Projects
First written in FY2020-Q2. 3 of 4 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2024-Q3.
Shibaura Machine moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 14 of 32 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, there was no occurrence of new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to existing business and other risks, including the recognition of an allowance for doubtful accounts due to deterioration in the collection of receivables from overseas projects. - FY2020MaterialisedAnnual report
「As a result, orders for the Other Businesses totaled ¥8,287 million, down 26.8% from the previous consolidated fiscal year, and revenue was ¥12,785 million, down 8.3% from the previous consolidated fiscal year. Due to the recognition of an allowance for doubtful accounts based on the collection status of receivables from overseas projects and other factors, the operating loss was ¥568 million, compared with operating income of ¥436 million in the previous consolidated fiscal year.」
The recognition of an allowance for doubtful accounts based on the collection status of receivables from overseas projects continued for the full fiscal year, and the Other Businesses turned from operating income in the previous year to an operating loss. - FY2020-Q3MaterialisedAnnual report
「As a result, orders for the Other Businesses totaled ¥6,529 million, down 23.2% year on year, and revenue was ¥9,365 million, down 11.7% year on year. Due to the recognition of an allowance for doubtful accounts based on the collection status of receivables from overseas projects and other factors, the operating loss was ¥633 million, compared with operating income of ¥669 million in the same period of the previous year.」
The recognition of an allowance for doubtful accounts based on the collection status of receivables from overseas projects continued through the cumulative third quarter, and the Other Businesses turned from operating income in the same period of the previous year to an operating loss. - FY2020-Q2MaterialisedAnnual report
「In industrial robots, demand for automation-related equipment in Japan’s automotive and other industries remained weak, and adjustment conditions continued in both domestic and overseas sales and orders. As a result, orders for the Other Businesses totaled ¥4,706 million, down 18.7% year on year, and revenue was ¥6,410 million, down 11.6% year on year. Due to the recognition of an allowance for doubtful accounts based on the collection status of receivables from overseas projects and other factors, the operating loss was ¥690 million, compared with operating income of ¥580 million in the same period of the previous year.」
The Company recognized an allowance for doubtful accounts based on the collection status of receivables from overseas projects, and states that operating income in the Other Businesses turned into an operating loss of ¥690 million from operating income of ¥580 million in the same period of the previous year.