Accounts receivable collection risk resulting from deterioration in customers’ financial condition
First written in FY2020. 1 of 4 entries say "Worsened", first in FY2022. Latest entry: FY2024.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As of the balance sheet date for the fiscal year, 17.0% of trade receivables were due from a particular major customer.」
The concentration of trade receivables due from a particular major customer declined from 23.7% in the previous fiscal year to 17.0%. - FY2022WorsenedAnnual report
「As of the balance sheet date for the current fiscal year, 23.7% of trade receivables were due from a particular major customer.」
The concentration of trade receivables due from a particular major customer rose from 23.0% in the previous fiscal year to 23.7%. - FY2021Disclosure of concentration of trade receivables among major customersAnnual report
「As of the balance sheet date for the current fiscal year, 23.0% of trade receivables were due from a particular major customer.」
In addition to the deterioration in customers’ financial condition and credit risk associated with COVID-19, the Company disclosed that 23.0% of trade receivables were concentrated in a particular major customer. - FY2020First statedAnnual report
「If customers’ financial condition deteriorates because of COVID-19 and they become unable to continue their businesses, we may have difficulty collecting our accounts receivable. We will seek to collect accounts receivable on a regular and early basis through the Administration Department.」
The Company first disclosed the risk of customers becoming unable to continue their businesses and the resulting difficulty collecting receivables, with regular and early collection as a countermeasure.