Risk of collecting construction payments due to credit concerns involving business partners
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although our group takes measures to mitigate customers' credit risk, if concerns about a customer's creditworthiness materialize and we become unable to collect the funds, this could have a material impact on our group's operating results and financial position.」
The risks of credit concerns at major customers and inability to collect construction payments, as well as measures to mitigate credit risk, continue to be disclosed. - FY2023RestatedAnnual report
「Transactions with business companies may involve substantial contract amounts per transaction, and depending on the payment terms, collection of construction payments may take a considerable amount of time. Although our group takes measures to mitigate customers' credit risk, if concerns about a customer's creditworthiness materialize and we become unable to collect the funds, this could have a material impact on our group's operating results and financial position.」
The credit concerns of major customers, the risk of being unable to collect construction payments, and measures to mitigate credit risk were reconfirmed. - FY2022First statedAnnual report
「Transactions with business companies may involve substantial contract amounts per transaction, and depending on the payment terms, collection of construction payments may take a considerable amount of time. Although our group takes measures to mitigate customers' credit risk, if concerns about a customer's creditworthiness materialize and we become unable to collect the funds, this could have a material impact on our group's operating results and financial position.」
The risk of credit concerns at major customers and inability to collect construction payments in the construction business was newly disclosed.