Deterioration in Business Partners’ Credit Standing and Bad-Debt Risk Due to Weak Steel Demand
First written in FY2016. 27 of 28 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
The company has reconfirmed the possibility of customers’ creditworthiness deteriorating and additional provisions being required due to an economic downturn and weak demand. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new or material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts. - FY2024RestatedAnnual report
「If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
The company has reconfirmed the possibility of customers’ creditworthiness deteriorating and additional provisions being required due to an economic downturn and weak demand. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no new or material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts. - FY2024-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no new or material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts. - FY2024-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts amid weak steel demand. - FY2023-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts amid weak steel demand. - FY2023-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts amid weak steel demand. - FY2021-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2021-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2020RestatedAnnual report
「Accordingly, the risk of bad debts arising in the steel industry is expected to increase as a result of an economic downturn and weak demand. If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
The company has reconfirmed the possibility of customers’ creditworthiness deteriorating and additional provisions being required due to an economic downturn and weak demand. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the first half of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts amid weak steel demand. - FY2020-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2019RestatedAnnual report
「Accordingly, the risk of bad debts arising in the steel industry is expected to increase as a result of an economic downturn and weak demand. If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
The company has reconfirmed the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes in existing risks, including the risk of additional provisions arising from customers’ deteriorating creditworthiness and bad debts amid weak steel demand. - FY2019-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including the risk of additional provisions due to customer credit deterioration and bad debts. - FY2018RestatedAnnual report
「If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
The note reconfirms the risk of additional provisions due to customer credit deterioration and bad debts. - FY2018-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including customer credit deterioration and bad debt risk associated with weak steel demand. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including customer credit deterioration and bad debt risk associated with weak steel demand. - FY2018-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The note reconfirms that there have been no material changes to existing risks, including customer credit deterioration and bad debt risk. - FY2017-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the risk of customer credit deterioration and bad debts associated with weak steel demand. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the risk of customer credit deterioration and bad debts associated with weak steel demand. - FY2016First statedAnnual report
「Accordingly, the risk of bad debts arising in the steel industry is expected to increase as a result of an economic downturn and weak demand. If customers or others experience a deterioration in their financial condition and their ability to pay declines in the future, additional provisions may be required.」
Although total allowances for doubtful accounts of ¥91 million have been recognized, the possibility of additional provisions is described as a future risk.