Bad debts on accounts receivable and other receivables from customers and shippers
First written in FY2016. 6 of 9 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2026: 23 of 74 companies on the "Worse" side.
- FY2024WorsenedAnnual report
「The financial strength of some customers at each market may deteriorate due to factors including the start of repayments on unsecured loans provided during the COVID-19 pandemic, higher procurement costs resulting from overseas conditions and foreign exchange rates, and increased distribution outside the markets, increasing the risk of bad debts on accounts receivable.」
In addition to the previously identified effects of infectious disease, distribution outside the markets and higher unit prices, the start of repayments on unsecured loans provided during the COVID-19 pandemic and higher procurement costs have become additional factors weakening customers' financial strength. Information gathering, reducing advances to shippers and increasing allowances are also identified as countermeasures. - FY2023RestatedAnnual report
「For the risk of bad debts on accounts receivable and other receivables, the Group has taken measures including strengthening credit management and increasing the allowance for doubtful accounts. However, due to factors including shortened operating hours and closures at restaurants in response to COVID-19, higher unit prices resulting from overseas conditions and foreign exchange movements, and increased distribution outside the markets, the financial strength of some customers at each market may deteriorate, increasing the risk of bad debts on accounts receivable.」
Credit risk among customers, against a backdrop of shortened operating hours and restaurant closures, higher unit prices due to overseas conditions and foreign exchange movements, and increased distribution outside the markets, as well as responses through credit management and allowances, continues. - FY2022WorsenedAnnual report
「For the risk of bad debts on accounts receivable and other receivables, the Group has taken measures including strengthening credit management and increasing the allowance for doubtful accounts. However, due to factors including shortened operating hours and closures at restaurants in response to COVID-19, higher unit prices resulting from overseas conditions and foreign exchange movements, and increased distribution outside the markets, the financial strength of some customers at each market may deteriorate, increasing the risk of bad debts on accounts receivable.」
In addition to the previously identified effects of COVID-19 and distribution outside the markets, higher unit prices resulting from overseas conditions and foreign exchange movements have become additional factors weakening customers' financial strength and increasing bad-debt risk. - FY2021WorsenedAnnual report
「For the risk of bad debts on accounts receivable and other receivables, the Group has taken measures including strengthening credit management and increasing the allowance for doubtful accounts. However, due to factors including shortened operating hours and closures at restaurants following the declaration of a state of emergency, as well as increased distribution outside the markets, the financial strength of some customers at each market may deteriorate, increasing the risk of bad debts on accounts receivable.」
Shortened operating hours and closures at restaurants due to the declaration of a state of emergency have been added as factors, indicating weaker financial strength among customers and increased bad-debt risk. - FY2020Specific measures identifiedAnnual report
「For the risk of bad debts on accounts receivable and other receivables, the Group has taken measures including strengthening credit management and increasing the allowance for doubtful accounts. However, due to factors including falling fish prices and increased distribution outside the markets, the financial strength of some customers at each market may deteriorate, increasing the risk of bad debts on accounts receivable.」
While continuing to recognise the credit risk of customers and shippers, the Company explicitly identifies stronger credit management and increases in the allowance for doubtful accounts as countermeasures. - FY2019WorsenedAnnual report
「Provision for doubtful accounts 258」
A provision for doubtful accounts of ¥258 million was recorded as an extraordinary loss, and credit risk was concretely reflected in earnings for the fiscal year. - FY2018WorsenedAnnual report
「In the wholesale seafood business, unit prices increased, mainly for imported products such as salmon roe, frozen salmon and trout, and frozen bigeye tuna. However, due to lower arrivals from Japan and overseas, overall transaction volume was slightly below the previous year, and revenue was ¥194,131 million, down 0.6% from the previous consolidated fiscal year. Due to increases in provision for doubtful accounts, outsourcing fees and other expenses, the segment recorded a loss of ¥23 million, compared with segment income of ¥109 million in the previous consolidated fiscal year.」
The increase in provision for doubtful accounts actually occurred, and segment income in the wholesale seafood business turned into a loss. - FY2018-Q3WorsenedAnnual report
「Revenue from the wholesale seafood business was ¥149,380 million, broadly in line with the previous year and up 0.8% year on year, due to sharp increases in year-end prices for major products such as roe including salmon roe, scallops and snow crab. Although collection and sales expenses decreased, operating income was a loss of ¥144 million, compared with operating income of ¥40 million in the same period of the previous year, due to increases in SG&A expenses including provision for doubtful accounts and outsourcing fees.」
The provision for doubtful accounts contributed to higher SG&A expenses and affected operating results in the wholesale seafood business. The credit risk of customers and others is reflected in earnings. - FY2016First statedAnnual report
「As a result of factors including falling fish prices and increased distribution outside the markets, the financial strength of some customers at each market may deteriorate, increasing the risk of bad debts on accounts receivable. Similarly, advances to shippers may also face an increased risk for some shippers due to fluctuations in catch volumes, falling fish prices and other factors.」
The disclosure identifies increased credit risk for both accounts receivable from customers and advances to shippers.