Komori
Aida Engineering (6118) · RiskWorsened

Deterioration in the Creditworthiness of Chinese Customers and Bad-Debt Risk on Accounts Receivable

First written in FY2021. 1 of 2 entries say "Materialised", first in FY2021. Latest entry: FY2022.

2entries
2years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMaterialisedFY2021 – FY20222021: 120212022: 12022
Same theme, other companies
Credit and Collection Risk for Accounts Receivable and LoansA theme 62 companies write about · 60 as a headwind · 2 as a tailwind

Aida Engineering moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).

The whole theme swung hardest in 2023: 8 of 31 companies on the "Worse" side.

5 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 62 companies compared. The sentences above are computed from all 62.
Full recordFilings, disclosures and news, newest first
  1. FY2022WorsenedAnnual report

    「An allowance for doubtful accounts of ¥756 million has been recognized against contract assets of ¥1,513 million from a specific customer held by Aida Engineering Technology Co., Ltd., to provide for losses from bad debts.」

    For credit risk relating to Chinese customers, the amounts subject to the allowance and the allowance itself increased from trade receivables of ¥1,271 million and an allowance for doubtful accounts of ¥635 million in the previous fiscal year to contract assets of ¥1,513 million and an allowance for doubtful accounts of ¥756 million.
  2. FY2021MaterialisedAnnual report

    「An allowance for doubtful accounts of ¥635 million has been recognized against trade receivables of ¥1,271 million from a specific customer held by Aida Engineering Technology Co., Ltd., to provide for losses from bad debts.」

    An allowance for doubtful accounts of ¥635 million was recognized against trade receivables from a specific customer of a Chinese subsidiary, based on the amount expected to be recovered and other factors. Credit risk was reflected in actual profit or loss and segment losses.
Moved together

"Policy and Regulatory, Foreign-Exchange and Social Disruption Risks Associated with Overseas Operations" moved the same way as this thread, in the same document, in 2 of its 2 moves.

22222★12345
  1. ★This thread
  2. 1Policy and Regulatory, Foreign-Exchange and Social Disruption Risks Associated with Overseas Operations2×
  3. 2Achieving net sales of ¥80 billion or more and an operating profit margin of 10% or more2×
  4. 3Decline in the Yen-Converted Value of Overseas Order Backlog Due to Yen Appreciation2×
  5. 4Uncertainty in Estimates Relating to the Percentage-of-Completion Method, Impairment, Bad Debts and Deferred Tax Assets2×
  6. 5Change in remit to Head of Sales and Services Division2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Aida Engineering yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Deterioration in the Creditworthiness of Chinese Customers and Bad-Debt Risk on Accounts Receivable | AIDA ENGINEERING,LTD. (6118) | Komori