Increase in China's trade receivables balance and collection risk
First written in FY2016. 4 of 13 entries say "Worsened", first in FY2020. Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 23 of 72 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「Notes and accounts receivable 13,240,466 13,470,861 Allowance for doubtful accounts △ 3,318,488 △ 3,687,455」
Notes and accounts receivable increased by ¥230.395 million from the end of the previous fiscal year, while the allowance for doubtful accounts also increased from ¥3,318.488 million to ¥3,687.455 million. Balances related to trade receivables and collection risk moved in a negative direction. - FY2026Trade receivables and allowance for doubtful accounts decreased, while real estate acquired in settlement of receivables increasedAnnual report
「Trade receivables balance 11,548,228 Allowance for doubtful accounts balance 3,288,988 Investment property balance 8,896,634 Provision for doubtful accounts 77,659 Impairment loss 92,420」
China's trade receivables balance decreased from ¥14,214,785 thousand to ¥11,548,228 thousand, and the allowance for doubtful accounts balance decreased from ¥3,515,119 thousand to ¥3,288,988 thousand. Meanwhile, investment property acquired through settlement in kind and other means increased to ¥8,896,634 thousand, and an impairment loss of ¥92,420 thousand was recorded. - FY2026-H1Trade receivables and allowance for doubtful accounts balances decreasedAnnual report
「Notes and accounts receivable 15,795,658 14,048,489」Allowance for doubtful accounts △ 3,552,119 △ 3,377,437」
Notes and accounts receivable decreased from ¥15,795,658 thousand at the end of the previous fiscal year to ¥14,048,489 thousand, while the allowance for doubtful accounts decreased from ¥3,552,119 thousand to ¥3,377,437 thousand. The changes in balances related to the collection risk for China's trade receivables were presented. - FY2025MaterialisedAnnual report
「Due to delayed collection caused by deteriorating liquidity at Shimao Group, the company recognized an allowance for doubtful accounts covering the entire receivable from Shimao Group in its financial results for the fiscal year, and recorded ¥2,411 million in provision for doubtful accounts as an extraordinary loss.」
The collection risk associated with China's trade receivables actually materialized as Shimao Group's deteriorating liquidity, delayed collection and recognition of an allowance for doubtful accounts against the entire receivable. China's trade receivables balance was ¥14,214,785 thousand, and the allowance for doubtful accounts balance was ¥3,515,119 thousand. - FY2023WorsenedAnnual report
「Fiscal year ending March 2023 Net sales 17,771,379 Trade receivables balance 18,103,700 102%」
While China sales declined to ¥17,771,379 thousand, the balance of trade receivables was ¥18,103,700 thousand, and the ratio to sales increased from 78% in the previous fiscal year to 102%. The Chinese subsidiary's allowance for doubtful accounts was also ¥251,892 thousand, and the company stated that the amount expected to be collected was highly uncertain. As no actual bad-debt history itself was reported, the actual occurrence of the risk was recorded as false. - FY2021WorsenedAnnual report
「Fiscal year ending March 2021 Net sales 20,209,777 Trade receivables balance 12,104,860 60%」
While China sales declined, the balance of trade receivables increased from ¥11,335,141 thousand in the previous fiscal year to ¥12,104,860 thousand, and the ratio to sales rose from 52% to 60%. The company stated that it had no history of bad debts. - FY2020Balance up, ratio upAnnual report
「Fiscal year ending March 2020 Net sales 21,729,902 Trade receivables balance 11,335,141 52%」
The balance of trade receivables increased from ¥7,636,030 thousand in the previous fiscal year to ¥11,335,141 thousand as China sales increased, and the ratio to sales also rose from 49% to 52%. The company stated that it had no history of bad debts. - FY2019Balance increased, ratio decreasedAnnual report
「Net sales 15,513,334 Trade receivables balance 7,636,030 49%」
While the balance of trade receivables increased from ¥6,084,941 thousand in the previous fiscal year to ¥7,636,030 thousand as China sales increased, the ratio to sales declined from 51% to 49%. The company stated that it had no history of bad debts. - FY2018Balance increased, ratio decreasedAnnual report
「Net sales 11,834,150 Trade receivables balance 6,084,941 51%」
While the balance of trade receivables increased from ¥5,590,984 thousand to ¥6,084,941 thousand as China sales increased, the ratio to sales declined from 62% to 51%. The company stated that it had no history of bad debts. - FY2017Balance down, ratio upAnnual report
「Fiscal year ending March 2017 Net sales 8,975,061 Trade receivables balance 5,590,984 62%」
While the balance of trade receivables decreased from ¥6,404,955 thousand in the previous fiscal year to ¥5,590,984 thousand as China sales declined, the ratio to sales increased from 61% to 62%. The company stated that it had no history of bad debts. - FY2016First statedAnnual report
「There has been no history of bad debts to date.」
The balance of trade receivables increased as China sales expanded, reaching ¥6,404,955 thousand in the fiscal year ending March 2016, equivalent to 61% of sales. Meanwhile, the company stated that it had no history of bad debts.