Credit risk arising from business partners’ insolvency or changes to transaction terms
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2020.
4 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「However, unexpected bankruptcy or similar events may result in the recognition of bad debt expenses, which could affect the Group's performance. In addition, changes in the terms of transactions with GMS retailers, department stores and other customers could affect the Group's performance, depending on the nature of those changes.」
Continues to identify the risks of bad debts resulting from customers' bankruptcy and changes in transaction terms with GMS retailers, department stores and other customers. - FY2017RestatedAnnual report
「However, unexpected bankruptcy or similar events may result in the recognition of bad debt expenses, which could affect the Group's performance.」
While describing the credit management framework for customers, continues to identify the risk of bad debts resulting from unexpected bankruptcy. - FY2016First statedAnnual report
「However, unexpected bankruptcy or similar events may result in the recognition of bad debt expenses, which could affect the Group's performance. In addition, changes in the terms of transactions with GMS retailers, department stores and other customers could affect the Group's performance, depending on the nature of those changes.」
While managing customers' credit, identifies bad debts resulting from unexpected bankruptcy and changes in transaction terms as risks.