Risk that security deposits and guarantee deposits become uncollectible due to landlord failure or other factors
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2017: 7 of 41 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「When acquiring security deposits and guarantee deposits, we thoroughly assess the counterparty’s credit standing. The relevant department also monitors the counterparty’s status to identify and mitigate at an early stage any concerns about collection arising from deterioration in its financial condition or other factors.」
The risk that security deposits and guarantee deposits may become uncollectible due to deteriorating landlord creditworthiness, and the related monitoring measures, remain. - FY2019First statedAnnual report
「When acquiring security deposits and guarantee deposits, we thoroughly assess the counterparty’s credit standing. The relevant department also monitors the counterparty’s status to identify and mitigate at an early stage any concerns about collection arising from deterioration in its financial condition or other factors.」
The company explicitly identified the risk that security deposits and guarantee deposits may become uncollectible due to deterioration in landlords’ creditworthiness or business failure, and described management through monitoring.