Collection Delays and Credit Risk in Trade Receivables
First written in FY2016. 8 of 17 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 67 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Allowance for doubtful accounts 745,499 688,291」
The allowance for doubtful accounts on the consolidated balance sheet decreased from ¥745.499 million to ¥688.291 million, reducing the allowance balance for credit and collection risk. - FY2025MitigatedAnnual report
「Allowance for doubtful accounts 834,447 745,499」
The allowance for doubtful accounts on the consolidated balance sheet decreased from ¥834.447 million in the previous consolidated fiscal year to ¥745.499 million, reducing the allowance balance for credit and collection risk. - FY2025-H1MitigatedAnnual report
「Change in allowance for doubtful accounts (△ indicates a decrease) 15 △ 51」
The change in the allowance for doubtful accounts was a decrease of ¥51 million. The allowance for doubtful accounts for current assets also decreased from ¥499 million to ¥487 million, while the allowance for doubtful accounts related to investments and other assets decreased from ¥334 million to ¥295 million. - FY2024-Q3MaterialisedAnnual report
「We received notice from 溝ノ口魚類株式会社, a business partner, that it would commence bankruptcy proceedings in January 2024. As a result, because the ¥34 million in uncollected receivables arising during the fourth-quarter consolidated accounting period of the fiscal year ending March 2024 was at risk of becoming uncollectible, we expect to record an allowance for doubtful accounts of ¥28 million as selling, general and administrative expenses for the receivable after offsetting a ¥3 million deposit during the fourth-quarter consolidated accounting period of the fiscal year ending March 2024.」
The business partner’s notice of commencement of bankruptcy proceedings and ¥34 million in uncollected receivables resulted in an expected allowance for doubtful accounts of ¥28 million after offsetting the deposit. Credit and collection risk has materialized as a specific event. - FY2024-Q2MaterialisedAnnual report
「Allowance for doubtful accounts △ 504 △ 510」
The allowance for doubtful accounts for current assets increased from ¥504 million at the end of the previous consolidated fiscal year to ¥510 million, and the increase in the allowance balance for credit and collection risk has continued. - FY2024-Q1MaterialisedAnnual report
「Allowance for doubtful accounts △ 504 △ 526」
The allowance for doubtful accounts for current assets increased from ¥504 million to ¥526 million, reflecting an actual increase in the allowance balance for credit and collection risk. - FY2023-Q2MaterialisedAnnual report
「Allowance for doubtful accounts △ 534 △ 552」
The allowance for doubtful accounts for current assets increased from ¥534 million to ¥552 million, reflecting an actual increase in the allowance balance for credit and collection risk. - FY2022-Q2MaterialisedAnnual report
「The operating loss was ¥208 million, due to factors including a decline in the gross profit margin because the impact of soaring fish prices for fresh fish, raw materials and other items could not be fully passed on to selling prices, as well as additional provisions for doubtful accounts, an increase of ¥105 million from the cumulative consolidated period of the second quarter of the previous fiscal year (operating loss of ¥102 million in the same period of the previous fiscal year).」
The increase in the allowance for doubtful accounts was cited as a factor behind the operating loss, and the impact of credit and collection risk has actually appeared in results for the cumulative consolidated second quarter. - FY2021MitigatedAnnual report
「The increase in cash and deposits was attributable to factors including efficient procurement of working capital through borrowings, earlier collection of accounts receivable and inventory optimization.」
The company explained that earlier collection of accounts receivable contributed to securing working capital, indicating progress in addressing the credit and collection concerns identified in the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「Decrease in trade receivables of ¥61 million. Change in allowance for doubtful accounts (△ indicates a decrease) △ 33」
Trade receivables decreased by ¥61 million, while the allowance for doubtful accounts also decreased by ¥33 million. Balances related to credit and collection risk declined from the end of the previous consolidated fiscal year. - FY2020MaterialisedAnnual report
「In consideration of concerns that customers’ cash flow could deteriorate due to the spread of COVID-19, an allowance for doubtful accounts of ¥114 million was recorded as selling, general and administrative expenses, among other factors」
In light of concerns that customers’ cash flow could deteriorate due to COVID-19, an allowance for doubtful accounts of ¥114 million was recorded, and the impact of credit and collection risk has appeared in the results for the fiscal year. - FY2020-Q3MitigatedAnnual report
「Claims in bankruptcy and rehabilitation proceedings and other claims 484 266」
Claims in bankruptcy and rehabilitation proceedings and other claims decreased from ¥484 million at the end of the previous consolidated fiscal year to ¥266 million, while the allowance for doubtful accounts also decreased from ¥442 million to ¥242 million. Balance sheet amounts related to credit and collection risk declined. - FY2019-Q2MitigatedAnnual report
「Cash flow from operating activities amounted to ¥186 million. The main factors were pretax quarterly profit of ¥247 million and a ¥55 million decrease in the allowance for doubtful accounts.」
The ¥55 million decrease in the allowance for doubtful accounts was cited as a source of operating cash flow, indicating a reduction in the impact of the increase in the allowance recorded in the previous quarter. - FY2019-Q1MaterialisedAnnual report
「Operating loss was ¥17 million due to factors including an increase in the allowance for doubtful accounts, a change of ¥39 million from the previous first-quarter cumulative consolidated period (operating profit of ¥21 million in the same period of the previous year)」
The increase in the allowance for doubtful accounts contributed to the operating loss, showing that the impact of credit and collection risk has appeared in actual results. Claims in bankruptcy and rehabilitation proceedings and other claims also increased by ¥68 million from the end of the previous consolidated fiscal year. - FY2018RestatedAnnual report
「Notes and accounts receivable—trade, which are trade receivables, are exposed to customers’ credit risk, but as a general rule, collection is based on recovery within 1 month.」
Measures addressing credit risk and the collection of trade receivables continue, including collection generally within 1 month and monitoring due dates and balances by business partner. - FY2017-Q3MitigatedAnnual report
「Due to the reversal of the allowance for doubtful accounts following the collection of receivables and lower expenses resulting from the closure of some locations in the seafood sales business, operating profit increased to ¥297 million, up ¥135 million (83.4%) from the previous third-quarter cumulative consolidated period, while ordinary profit increased to ¥534 million, up ¥162 million (43.8%).」
The collection of receivables resulted in a reversal of the allowance for doubtful accounts, indicating that the risk associated with collecting trade receivables was reduced through actual collections. - FY2016First statedAnnual report
「Notes and accounts receivable—trade, which are trade receivables, are exposed to customers’ credit risk, but as a general rule, collection is based on recovery within 1 month.」
The stated measures are monitoring due dates and balances for each business partner and taking action when collection delays are likely.