Credit and Collection Risks Associated with Installment Sales
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「With respect to this risk, each business division regularly monitors the status of major customers in accordance with the credit management rules, manages collection status and outstanding balances for each customer, and seeks to mitigate collection concerns by assessing customers' credit status as necessary.」
The company continues to manage credit risk on long-term receivables arising from instalment sales and other transactions through credit management rules, regular monitoring, and management of collection status and outstanding balances. - FY2024MitigatedAnnual report
「With respect to this risk, each business division regularly monitors the status of major customers in accordance with the credit management rules, manages collection status and outstanding balances for each customer, and seeks to mitigate collection concerns by assessing customers' credit status as necessary.」
In addition to the existing credit checks, allowances and collateral, the disclosure specifically describes regular monitoring of major customers under the credit management rules, as well as management of collection status and outstanding balances. - FY2021Enhanced receivables management addedAnnual report
「The company will also continue to strengthen receivables management, as customer failures are a concern amid deteriorating economic conditions.」
The company continues to recognise credit risk associated with instalment sales and other transactions, and has identified stronger receivables management as a response to concerns over customer failures. - FY2019RestatedAnnual report
「In addition to considering its historical bad-debt experience, the company estimates collectability on an individual basis and records an allowance for doubtful accounts. It also conducts credit checks on customers regardless of their credit limits and takes the utmost care to protect receivables, including obtaining collateral where necessary.」
The company continues to manage credit risk on long-term receivables through allowances, credit checks and obtaining collateral. - FY2018RestatedAnnual report
「Because these and other trade receivables are subject to credit risk, the company estimates collectability on an individual basis in addition to considering its historical bad-debt experience, records an allowance for doubtful accounts, and conducts credit checks on customers regardless of their credit limits. It also takes the utmost care to protect receivables, including obtaining collateral where necessary. However, if partial non-collection of receivables or unexpected customer failures continue due to a deterioration in economic conditions or other factors, this could have a material impact on its financial position and operating results.」
The company continues to manage credit risk on long-term receivables through allowances, credit checks and obtaining collateral. - FY2017RestatedAnnual report
「Because these and other trade receivables are subject to credit risk, the company estimates collectability on an individual basis in addition to considering its historical bad-debt experience, records an allowance for doubtful accounts, and conducts credit checks on customers regardless of their credit limits. It also takes the utmost care to protect receivables, including obtaining collateral where necessary. However, if partial non-collection of receivables or unexpected customer failures continue due to a deterioration in economic conditions or other factors, this could have a material impact on its financial position and operating results.」
The company continues to manage credit risk on long-term receivables arising from instalment sales and other transactions through allowances, credit checks and obtaining collateral. - FY2016First statedAnnual report
「In the construction equipment business, the company has trade receivables with long collection periods arising from instalment sales and other transactions. Because these and other trade receivables are subject to credit risk, the company estimates collectability on an individual basis in addition to considering its historical bad-debt experience, records an allowance for doubtful accounts, and conducts credit checks on customers regardless of their credit limits. It also takes the utmost care to protect receivables, including obtaining collateral where necessary.」
The disclosure describes multiple management measures, including credit checks, allowances for doubtful accounts and obtaining collateral.