Credit Risk of Business Partners
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
- FY2024RestatedAnnual report
「In accordance with internal regulations and other requirements, our Group has sales personnel regularly monitor the status of major customers for trade receivables, manage due dates and balances for each customer, and seek to identify and mitigate concerns over collection at an early stage, including those arising from deterioration in financial condition.」
The company reconfirms its credit risk response, including regular monitoring of customers' status, receivables' due dates and balances, and financial condition. - FY2020RestatedAnnual report
「In accordance with internal regulations and other requirements, our Group has sales personnel regularly monitor the status of major customers for trade receivables, manage due dates and balances for each customer, and seek to identify and mitigate concerns over collection at an early stage, including those arising from deterioration in financial condition.」
The company reconfirms its credit risk response, including regular monitoring of customers' status, receivables' due dates and balances, and financial condition. - FY2017RestatedAnnual report
「However, there is no guarantee that this type of management will adequately mitigate customers' credit risk. In addition, certain assumptions, estimates and assessments may not be correct, and if economic conditions deteriorate or losses are otherwise incurred due to unforeseen factors, the losses actually incurred could significantly exceed the allowance for doubtful accounts.」
The company reiterates that credit management and allowances for doubtful accounts cannot completely prevent credit risk or losses from exceeding the allowances. - FY2016First statedAnnual report
「However, there is no guarantee that this type of management will adequately mitigate customers' credit risk. In addition, certain assumptions, estimates and assessments may not be correct, and if economic conditions deteriorate or losses are otherwise incurred due to unforeseen factors, the losses actually incurred could significantly exceed the allowance for doubtful accounts.」
The company disclosed the risk that customers' creditworthiness could deteriorate and bad debt losses could exceed the allowance for doubtful accounts.