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Birdman (7063) · RiskFirst stated

Profitability and cash recovery risks associated with the 7-year contract for the China project

First written in FY2019. . Latest entry: FY2019.

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Investment Recovery and Impairment Risk from Failure to Secure Orders under a Long-Term China ContractA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2019First statedAnnual report

    「As part of this effort, we entered into an outsourcing agreement with the operating company promoting the rollout in Japan of “Weixin 312,” a Chinese national product-tracking and management project, and made a lump-sum payment to that company in October 2018 for seven years of outsourcing services. We receive support to secure orders for promotional projects and other work related to “Weixin 312.”」

    The lump-sum payment of outsourcing fees under the seven-year contract indicates risks of failing to meet earnings targets, impairment, and inability to recover funds if orders do not progress as expected.
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Profitability and cash recovery risks associated with the 7-year contract for the China project | Birdman Inc. (7063) | Komori