Premium Group (7199) · RiskMitigated
Risk of losses exceeding credit insurance limits and inability to continue the contract
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2024.
3entries
7years
0from disclosures
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Same theme, other companies
Risk of inadequate insurance coverage and losses exceeding policy limitsA theme 4 companies write about · 4 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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Full recordFilings, disclosures and news, newest first
- FY2024MitigatedAnnual report
「Expected future credit losses for the current consolidated fiscal year are ¥11,675 million (¥7,704 million in the previous consolidated fiscal year), below the total insurance coverage of ¥15,600 million (¥9,600 million in the previous consolidated fiscal year).」
The company discloses that expected future credit losses are below the credit insurance limits, indicating the status of measures to address the risk of exceeding insurance payout limits. - FY2019RestatedAnnual report
「If credit losses exceed the insurance payout limits specified in the relevant insurance contracts」
The company continues to describe the risks of exceeding credit insurance limits and being unable to renew insurance contracts. - FY2018First statedAnnual report
「If credit losses exceed the insurance payout limits specified in the relevant insurance contracts, this may affect the Group's results and financial condition.」
The company describes the risks of exceeding payout limits or being unable to renew contracts in connection with credit-risk hedging through trade credit insurance and credit insurance provided by guarantee institutions.