Shortening Payment Terms for Purchases to Support Business Partners
First written in FY2019. . Latest entry: FY2020.
0 other companies' latest entry also says "Other".
- FY2020Impact confirmed to have been eliminated for the full fiscal yearAnnual report
「Cash increased by ¥53,460 million due to the decrease in the reduction in accounts payable resulting from the elimination of the impact of the shortened payment terms for purchases implemented in the previous fiscal year as part of support for customers and suppliers.」
The full-year cash flow confirms that the impact of the shortened payment terms implemented in the previous fiscal year had disappeared in the current fiscal year. - FY2020-Q2Elimination of the impact of shortened payment termsAnnual report
「The main year-on-year changes were a ¥39,469 million decrease in cash due to lower quarterly net income before income taxes and other adjustments, offset by a ¥17,165 million decrease in trade receivables accompanying the decline in revenue, a ¥47,553 million increase in accounts payable as the impact of shortened payment terms was eliminated, and a ¥10,985 million decrease in income taxes paid due to lower taxable income, all of which increased cash.」
The company explained that, during the cumulative second-quarter period, the impact of the shortened payment terms for purchases implemented in the previous fiscal year had been eliminated, resulting in a ¥47,553 million increase in accounts payable. It did not explicitly state that the measure itself had been withdrawn or completed. - FY2019First statedAnnual report
「Notes payable and accounts payable decreased by ¥49,898 million (56.4%) as a result of shortening payment terms for purchases as part of support for customers and suppliers.」
The company explicitly described for the first time a measure to shorten payment terms for purchases in order to support customers and suppliers.