Financial Deterioration and Bad Debt Among Chinese Business Partners Following the Discharge of ALPS-Treated Water
First written in FY2024. 2 of 3 entries say "Worsened", first in FY2025-H1. Latest entry: FY2025.
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- FY2025WorsenedAnnual report
「In Other businesses, mainly the food business, sales increased in exports outside China and benefited from domestic price revisions, but sales in China declined due to the discharge of ALPS-treated water. Revenue was ¥9,164 million, down 1.5% from the previous fiscal year. The segment loss was ¥1,147 million, compared with a segment loss of ¥875 million in the previous fiscal year.」
The decline in sales in the Chinese food business due to the discharge of ALPS-treated water continued. Other businesses reported lower revenue than in the previous fiscal year, and the segment loss widened from ¥875 million to ¥1,147 million. - FY2025-H1WorsenedAnnual report
「In Other businesses, mainly the food business, sales in China declined due to the discharge of ALPS-treated water despite increased export sales outside China and the effects of domestic price revisions. Revenue was ¥4,276 million, down 16.0% year on year. The segment loss was ¥540 million, compared with a segment loss of ¥512 million in the same period of the previous year.」
The impact of the discharge of ALPS-treated water on the food business in China continued. Revenue from Other businesses fell 16.0% year on year, while the segment loss widened from ¥512 million to ¥540 million. - FY2024MaterialisedAnnual report
「In the food business, the estimated uncollectible amount of receivables resulting from the deterioration in the financial condition and operating results of Chinese customers due to the discharge of ALPS-treated water was recognized as an allowance for doubtful accounts expense.」
For Chinese customers in the food business, the estimated uncollectible amount of ¥499 million resulting from the deterioration in their financial condition and operating results due to the discharge of ALPS-treated water was recognized as an allowance for doubtful accounts expense.