Customer Credit Concerns and Unpaid Amounts in a Domestic Gas-Fired Power Generation Equipment Project
First written in FY2021-Q1. 1 of 2 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2026: 5 of 19 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2022-Q1RestatedAnnual report
「The unpaid amount owed to the company is approximately ¥20 billion, and discussions are under way to recover the unpaid amount, including through resale to a third party.」
The company continued to report approximately ¥20 billion in unpaid receivables related to the domestic gas-fired power generation equipment project and ongoing recovery discussions, including resale to a third party. - FY2021-Q1First statedAnnual report
「In a domestic gas-fired power generation equipment project constructed by the company that has not yet been delivered, the counterparty has notified the company that it is unable to make payment due to concerns about its creditworthiness. Assets related to this matter are recorded under both accounts receivable and work in progress on the quarterly consolidated balance sheet. The unpaid amount owed to the company is approximately ¥20 billion, and discussions are under way to recover the unpaid amount, including through resale to a third party.」
The company disclosed the counterparty's notification that it was unable to make payment due to credit concerns, as well as approximately ¥20 billion in unpaid receivables. The assets have been recorded as accounts receivable and work in progress, and discussions on recovery, including resale to a third party, are under way.