Deterioration in earnings due to bad debts in the credit business
First written in FY2017-Q2. 11 of 25 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 19 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Operating profit was ¥1,207 million, up 17.6% year on year, mainly because the amount of the allowance for doubtful accounts recorded in selling, general and administrative expenses decreased from the previous fiscal year.」
The provision for doubtful accounts decreased from ¥165.345 million in the previous period to ¥58.493 million, reducing the bad-debt expense burden in the credit business. - FY2026-H1MitigatedAnnual report
「As the amount of the provision for doubtful accounts recognized in selling, general and administrative expenses decreased from the high level recorded in the previous period, operating profit was ¥565 million, up 15.1% year on year.」
The amount of the provision for doubtful accounts recognized in selling, general and administrative expenses decreased from the same period of the previous year, and operating profit in the financial services business increased 15.1% year on year. - FY2025WorsenedAnnual report
「Provision for doubtful accounts 72,801 165,345」
The provision for doubtful accounts increased from ¥72.801 million in the previous period to ¥165.345 million, increasing the bad-debt expense burden in the credit business. - FY2025-H1WorsenedAnnual report
「Provision for doubtful accounts 67,703 112,742」
The provision for doubtful accounts increased from ¥67.703 million in the same period of the previous year to ¥112.742 million, increasing the bad-debt expense burden in the credit business. - FY2024WorsenedAnnual report
「Provision for doubtful accounts 44,805 72,801」
On a consolidated basis, the provision for doubtful accounts increased from ¥44.805 million in the previous period to ¥72.801 million, increasing the expense burden. - FY2024-Q3MitigatedAnnual report
「Reversal of provision for doubtful accounts 540 270」
The reversal of provision for doubtful accounts declined from ¥540,000 in the same period of the previous fiscal year to ¥270,000, and no provision for doubtful accounts was recorded for the cumulative third quarter. - FY2024-Q2WorsenedAnnual report
「Provision for doubtful accounts 36,628 67,703」
The provision for doubtful accounts increased from ¥36.628 million in the same period of the previous fiscal year to ¥67.703 million, increasing the credit business's bad-debt expense burden. - FY2023MitigatedAnnual report
「Provision for doubtful accounts 65,211 44,805」
The provision for doubtful accounts declined from ¥65.211 million in the previous fiscal year to ¥44.805 million, reducing the credit business's bad-debt expense burden. - FY2023-Q2WorsenedAnnual report
「Provision for doubtful accounts 35,425 36,628」
The provision for doubtful accounts increased from ¥35.425 million in the same period of the previous fiscal year to ¥36.628 million, increasing the credit business's bad-debt expense burden. - FY2023-Q1Recognition of Reversal of Allowance for Doubtful AccountsAnnual report
「Reversal of provision for doubtful accounts 180 180」
The Company recorded a ¥180,000 reversal of provision for doubtful accounts for the cumulative first quarter. - FY2022WorsenedAnnual report
「Provision for doubtful accounts ¥52.927 million ¥65.211 million」
The provision for doubtful accounts increased from ¥52.927 million in the previous fiscal year to ¥65.211 million, increasing the credit business's bad-debt expense burden. - FY2022-Q2WorsenedAnnual report
「Provision for doubtful accounts 29,725 35,425」
The provision for doubtful accounts increased from ¥29.725 million in the same period of the previous fiscal year to ¥35.425 million, increasing the credit business's bad-debt expense burden. - FY2021MitigatedAnnual report
「The provision for doubtful accounts declined from ¥64.371 million in the previous fiscal year to ¥52.927 million.」
The provision for doubtful accounts relating to the credit business declined from the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「Provision for doubtful accounts 35,009 29,725」
The provision for doubtful accounts declined from ¥35.009 million in the same period of the previous fiscal year to ¥29.725 million, reducing the credit business's bad-debt expense burden. - FY2020WorsenedAnnual report
「Provision for doubtful accounts ¥30.295 million ¥64.371 million」
The provision for doubtful accounts increased from ¥30.295 million in the previous fiscal year to ¥64.371 million, increasing the credit business's bad-debt expense burden. - FY2020-Q3MitigatedAnnual report
「Reversal of provision for doubtful accounts — 600」
The Company recorded a ¥600,000 reversal of provision for doubtful accounts for the cumulative third quarter, reducing the bad-debt expense burden from the increase seen through the previous quarter. - FY2020-Q2WorsenedAnnual report
「Provision for doubtful accounts 15,413 35,009」
The provision for doubtful accounts increased from ¥15.413 million in the same period of the previous fiscal year to ¥35.009 million, increasing the credit business's bad-debt expense burden. - FY2020-Q1MitigatedAnnual report
「Reversal of provision for doubtful accounts 90 240」
The Company recorded a ¥240,000 reversal of provision for doubtful accounts in the first quarter, reducing the burden from the provision for doubtful accounts that had been re-recorded as a major expense in the previous quarter. - FY2019Re-recording of provision for doubtful accountsAnnual report
「The principal expense items and amounts included in selling, general and administrative expenses were as follows.” “Provision for doubtful accounts — 30,295」
The Company recorded a ¥30.295 million provision for doubtful accounts in the current fiscal year, whereas none was recorded in the previous fiscal year. Meanwhile, operating profit exceeded the previous fiscal year's level. - FY2018-Q3RestatedAnnual report
「Although revenue was ¥841 million, down 4.2% year on year, operating profit was ¥558 million, up 54.8%, because the ¥144 million provision for doubtful accounts in the credit business announced in the “Notice Concerning Recording of Provision for Doubtful Accounts and Revision of Earnings Forecast” dated 4 November 2016 was not recorded in selling, general and administrative expenses.」
The ¥144 million provision for doubtful accounts arising from incidents involving certain affiliated merchants in the previous fiscal year was not recorded in the current fiscal year, and operating profit increased 54.8% year on year. Meanwhile, revenue declined 4.2% year on year. - FY2018-Q2MitigatedAnnual report
「As announced in the “Notice Concerning Recording of Provision for Doubtful Accounts and Revision of Earnings Forecast” dated 4 November 2016, operating profit increased because the ¥144 million provision for doubtful accounts recorded in the previous fiscal year due to incidents involving certain affiliated merchants in the credit business was no longer recorded in the current fiscal year. Revenue declined because transaction volume from those merchants was no longer included.」
The ¥144 million provision for doubtful accounts arising from incidents involving certain affiliated merchants in the previous fiscal year was not recorded in the current fiscal year, and operating profit increased. Meanwhile, revenue declined because transaction volume from those merchants was no longer included. - FY2017-Q3RestatedAnnual report
「However, operating profit was ¥360 million, down 12.4% year on year, because a ¥144 million provision for doubtful accounts in the credit business was recorded in selling, general and administrative expenses.」
The Company continued to report the recording of the ¥144 million provision for doubtful accounts in the credit business and the resulting decline in operating profit. - FY2017-Q2MaterialisedAnnual report
「As a result, revenue was ¥3,206 million, up 9.4% year on year. However, operating profit was ¥313 million, down 33.8%, ordinary profit was ¥203 million, down 58.8%, and profit attributable to owners of the parent was ¥99 million, down 77.7%, mainly because a ¥144 million provision for doubtful accounts was recorded in selling, general and administrative expenses in the credit business.」
The credit business recorded a ¥144 million provision for doubtful accounts, resulting in year-on-year declines in operating profit, ordinary profit and quarterly profit attributable to owners of the parent.