Lending Risk from Declining Collateral Values, Foreign Exchange Fluctuations and Loan Losses
First written in FY2016. 11 of 25 entries say "Worsened", first in FY2022-Q3. Latest entry: 2026-08-07.
Art Vivant moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2019: 6 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「This was mainly due to a ¥723 million increase in accounts receivable resulting from higher transaction volume in the installment receivables business of the credit business, among other factors.」
Accounts receivable increased with higher transaction volume in the credit business, while the allowance for doubtful accounts also increased from ¥151.402 million to ¥177.986 million. - FY2026Accounts receivable increased while the allowance for doubtful accounts decreasedAnnual report
「Cash and deposits increased by ¥3,326 million due to the sale of high-value works of art and investment securities, while accounts receivable increased by ¥2,013 million due to higher transaction volume in the credit business.」
Accounts receivable increased by ¥2,013 million as transaction volume in the credit business increased, while the allowance for doubtful accounts decreased from ¥166.767 million to ¥151.402 million. - FY2026-H1Accounts receivable increased while the allowance for doubtful accounts decreasedAnnual report
「This was due to a ¥1,401 million increase in accounts receivable, mainly resulting from the increase in installment receivables handled by the credit business.」
Accounts receivable increased by ¥1,401 million, while the allowance for doubtful accounts decreased from ¥166.767 million to ¥159.431 million. - FY2025WorsenedAnnual report
「Installment receivables and accounts receivable, which are operating receivables, are exposed to customers' credit risk.」
Installment accounts receivable amounted to ¥15.903641 billion and the allowance for doubtful accounts to ¥166.767 million, with the provision for credit risk increasing from the previous fiscal year. - FY2025-H1WorsenedAnnual report
「This was mainly due to a ¥93 million increase in accounts receivable resulting from higher transaction volume in the credit business, a ¥230 million decrease in cash and deposits due to the acquisition of treasury shares and other factors, and a ¥79 million increase in the allowance for doubtful accounts for the credit business, representing a decrease in assets.」
As transaction volume in the credit business increased, accounts receivable rose by ¥93 million and the allowance for doubtful accounts increased by ¥79 million, expanding exposure to credit risk. - FY2024WorsenedAnnual report
「This was mainly due to merchandise and finished goods increasing by ¥1,924 million as a result of purchases of high-value artworks and accounts receivable increasing by ¥424 million as a result of higher transaction volume in the installment credit business and other factors.」
Accounts receivable increased by ¥424 million, mainly due to the increase in installment receivables handled by the credit business, while the allowance for doubtful accounts also increased from ¥71.603 million in the previous fiscal year to ¥91.149 million. - FY2024-Q3WorsenedAnnual report
「This was due to a ¥362 million increase in accounts receivable resulting from higher transaction volume in the credit business.」
Accounts receivable increased by ¥362 million as transaction volume in the credit business increased, bringing the balance of accounts receivable to ¥15,825 million. The allowance for doubtful accounts also increased from ¥71 million at the end of the previous fiscal year to ¥110 million. - FY2024-Q2WorsenedAnnual report
「This was mainly due to cash and deposits increasing by ¥1,246 million as a result of the sale of investment securities, merchandise and finished goods increasing by ¥542 million as a result of purchases of high-value artworks, accounts receivable increasing by ¥363 million as a result of higher transaction volume in the credit business, and other current assets increasing by ¥681 million.」
Accounts receivable increased by ¥363 million as transaction volume in the credit business increased, while the allowance for doubtful accounts also increased from ¥71.603 million at the end of the previous fiscal year to ¥113.476 million. - FY2024-Q1WorsenedAnnual report
「Accounts receivable 15,462,884 15,838,213」
Accounts receivable increased by ¥375 million, from ¥15,462 million at the end of the previous fiscal year to ¥15,838 million, while the allowance for doubtful accounts also increased from ¥71 million to ¥89 million. - FY2023Accounts receivable increased while the allowance for doubtful accounts decreasedAnnual report
「Accounts receivable increased by ¥864 million, mainly due to the increase in installment receivables handled by the credit business.」
Accounts receivable increased by ¥864 million, while the allowance for doubtful accounts decreased from ¥79 million to ¥72 million. - FY2023-Q3WorsenedAnnual report
「Current assets at the end of the third quarter of the current consolidated fiscal year were ¥25,846 million, an increase of ¥680 million from the end of the previous consolidated fiscal year. This was mainly due to accounts receivable increasing by ¥753 million and other current assets by ¥212 million as a result of higher transaction volume in the credit business, although cash and deposits decreased by ¥448 million due to the acquisition of investment securities and other factors.」
Accounts receivable increased by ¥753 million as transaction volume in the credit business increased, while the allowance for doubtful accounts also increased from ¥79 million to ¥104 million. - FY2023-Q2WorsenedAnnual report
「Although accounts receivable increased by ¥443 million as a result of higher transaction volume in the credit business, cash and deposits decreased by ¥772 million due to the acquisition of investment securities and other factors.」
Accounts receivable increased by ¥443 million in line with higher transaction volume in the credit business, and the allowance for doubtful accounts also increased from ¥79 million to ¥91 million. - FY2023-Q1WorsenedAnnual report
「Although accounts receivable increased by ¥389 million as a result of an increase in new advances in the credit business」
Accounts receivable increased by ¥389 million in line with the increase in new advances in the credit business, while the allowance for doubtful accounts also increased from ¥79.039 million to ¥94.359 million. - FY2022Accounts receivable increased while the allowance for doubtful accounts decreasedAnnual report
「This was due to accounts receivable increasing by ¥695 million.」
Although accounts receivable increased by ¥695 million as a result of higher customer transaction volume in the credit business, the allowance for doubtful accounts decreased from ¥84.147 million to ¥79.039 million. - FY2022-Q3WorsenedAnnual report
「This was mainly due to cash and deposits increasing by ¥856 million, merchandise and finished goods by ¥1,004 million, accounts receivable by ¥745 million, and other current assets by ¥710 million.」
Accounts receivable increased by ¥745 million from the end of the previous consolidated fiscal year, continuing the increase seen since the previous report. The allowance for doubtful accounts also increased from ¥84.147 million to ¥107.177 million. - FY2022-Q2Continued increase in accounts receivableAnnual report
「This was mainly due to cash and deposits increasing by ¥1,624 million as a result of short-term borrowings and other factors, accounts receivable increasing by ¥650 million, and merchandise and finished goods increasing by ¥519 million as a result of purchases of contemporary artworks and other items.」
Accounts receivable increased by ¥650 million, and the increase in accounts receivable has continued since the previous report. - FY2022-Q1Increase in accounts receivableAnnual report
「Accounts receivable increased by ¥414 million as a result of an increase in new advances in the credit business.」
The disclosure states that accounts receivable increased by ¥414 million in line with the increase in new advances in the credit business. - FY2021RestatedAnnual report
「Installment receivables and accounts receivable, which are operating receivables, are exposed to customers' credit risk.」
The credit risk of installment receivables and accounts receivable continues to be managed through credit screening, credit limits, credit information, guarantees, collateral and other measures. - FY2020RestatedAnnual report
「Installment receivables and accounts receivable, which are operating receivables, are exposed to customers' credit risk.」
The disclosure continues to address the credit risk of installment receivables and accounts receivable and its management through credit screening, credit limits, credit information, guarantees, collateral and other measures. - FY2019RestatedAnnual report
「The Group operates lending businesses secured by artworks and receivables. However, declines in collateral values and foreign exchange fluctuations could affect the Group's results.」
The disclosure continues to identify the risk that declines in collateral values and foreign exchange fluctuations could affect results in art-backed and receivables-backed lending. - FY2018-Q3MitigatedAnnual report
「Reversal of allowance for doubtful accounts 29,332」
A ¥29.332 million reversal of the allowance for doubtful accounts was recorded, and the allowance balances for current assets and investments and other assets also decreased from the end of the previous fiscal year. - FY2018-Q2MitigatedAnnual report
「Reversal of allowance for doubtful accounts 31,020」
A ¥31.020 million reversal of the allowance for doubtful accounts was recorded in non-operating income. - FY2016MaterialisedAnnual report
「Although an allowance for doubtful accounts of ¥210 million was recorded in the receivables-backed lending business, net income attributable to owners of the parent was ¥532 million, up 5.1% year on year, due to the receipt of a settlement payment in the art-backed lending business.」
The disclosure identifies lending risks including declines in collateral values and foreign exchange fluctuations, while recording an allowance for doubtful accounts of ¥210 million during the period.