Bad debt provision burden associated with the scaling back of overpayment claim advertising cases
First written in FY2018-Q3. 2 of 4 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3DroppedAnnual report
「As the company sold all of its shares in 株式会社リーガルビジョン, formerly a consolidated subsidiary, in November 2018, the risks related to the Media and Consulting business described in the annual securities report for the previous fiscal year, namely "① Declining demand for certain advertising projects" and "② Funding needs in the advertising agency division serving professional service providers," no longer apply.」
The company explicitly stated that the risks related to declining demand for overpayment refund advertising projects and funding needs in the advertising agency division serving professional service providers had disappeared following the sale of all shares in リーガルビジョン. - FY2019-Q2MaterialisedAnnual report
「In the Advertising Agency division, we pursued advertising projects related to debt restructuring, hepatitis B, inheritance and wills, and traffic accidents to establish a new earnings base, while recognizing an allowance for doubtful accounts resulting from the contraction in overpaid-interest advertising projects.」
The continued recognition of an allowance for doubtful accounts due to the shrinking of overpayment refund advertising projects is actually affecting the performance of the Media and Consulting business. - FY2019-Q1MaterialisedAnnual report
「Although marketing services for external customers in the Consulting division performed steadily, the contraction in overpaid-interest advertising projects in the Advertising Agency division and the resulting recognition of an allowance for doubtful accounts caused revenue to decline slightly and segment profit to decrease.」
The recognition of an allowance for doubtful accounts due to the shrinking of overpayment refund advertising projects actually affected segment performance in the quarter. - FY2018-Q3First statedAnnual report
「In light of the downward trend in overpayment refund advertising projects in the advertising agency division, the company estimated its allowance for doubtful accounts more rigorously, among other measures.」
The company stated that the need to estimate its allowance for doubtful accounts more rigorously against the backdrop of shrinking overpayment refund advertising projects represented a new credit and collection burden.