Credit Risk of General Distributors and Customers and Sales Concentration
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2017: 17 of 86 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customer credit risk. In addition, most sales are made through general distributors in each region.」
The Company continues to disclose its sales concentration among general distributors and the credit risk associated with operating receivables, and manages these risks through monitoring of major business partners and other measures. - FY2022RestatedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customer credit risk. In addition, most sales are made through general distributors in each region.」
The Company continues to disclose its sales concentration among general distributors and the credit risk associated with operating receivables, and monitors major business partners and manages payment due dates and outstanding balances. - FY2021RestatedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customer credit risk. In addition, most sales are made through general distributors in each region.」
The Company continues to disclose its sales concentration among general distributors and the credit risk associated with operating receivables, and describes management through regular monitoring of business partners and other measures. - FY2018MitigatedAnnual report
「In accordance with its receivables management rules, the Company’s sales and administrative departments regularly monitor the status of major customers, manage payment due dates and outstanding balances for each counterparty, and seek to identify and mitigate concerns over collection at an early stage, including those arising from deterioration in financial condition.」
For customer credit risk associated with sales concentration among general distributors and others, the Company applies receivables management rules, conducts regular monitoring, manages due dates and outstanding balances, and seeks to identify and mitigate collection concerns at an early stage. - FY2017First statedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customer credit risk. In addition, most sales are made through general distributors in each region.」
Against a backdrop of a sales structure concentrated among general distributors, the Company has explicitly identified customer credit risk relating to operating receivables as a financial instrument risk for the first time.