Difficulty Collecting Receivables from a Major Customer and Bad-Debt Risk
First written in FY2020-Q2. 2 of 2 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2020.
Hirayama Holdings moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 10 of 65 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Temporary extraordinary losses totaling ¥507.522 million arose, including a bad debt loss and impairment loss associated with the difficulty of collecting trade receivables from a major customer.」
A bad debt loss of ¥111.169 million arose in connection with the difficulty of collecting trade receivables from a major customer, among other items, bringing total extraordinary losses to ¥507.522 million. - FY2020-Q2MaterialisedAnnual report
「During the cumulative second quarter, a customer of a subsidiary requested a deferral of payment on its trade receivables. After securing the customer’s receivables with collateral, the company assessed the portion that could not be secured, taking into account collection status and other factors, and determined that the entire amount of receivables other than the collateralized portion would be difficult to collect. It therefore recorded a provision for doubtful accounts of ¥134.801 million as an extraordinary loss.」
After a customer of a subsidiary requested a deferral of payment, the company determined that the trade receivables not secured by collateral would be difficult to collect and recorded a ¥134.801 million provision for doubtful accounts.