Credit Risk Arising from the Financial Deterioration of Major Business Partners and Other Customers
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2017: 10 of 65 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Our Group has a broad range of business partners and is not dependent on any particular customer. However, if credit risk increases due to a sudden deterioration in the financial condition of a major business partner or for other reasons, making it necessary to increase the allowance for doubtful accounts, this could affect our Group's results.」
The possibility of credit risk arising from deterioration in the financial condition of major business partners and an increase in the allowance for doubtful accounts continued to be disclosed. - FY2019RestatedAnnual report
「If credit risk increases due to a sudden deterioration in the financial condition of a major business partner or for other reasons, making it necessary to increase the allowance for doubtful accounts, this could affect our Group's results.」
While credit risk management and allowances for doubtful accounts are in place, the credit risk arising from deterioration in the financial condition of major business partners continued to be described. - FY2018First statedAnnual report
「Our Group has a broad range of business partners and is not dependent on any particular customer. However, if credit risk increases due to a sudden deterioration in the financial condition of a major business partner or for other reasons, making it necessary to increase the allowance for doubtful accounts, this could affect our Group's results.」
While credit limits are set and allowances for doubtful accounts are recorded for business partners, the risk of a sudden deterioration in the financial condition of major business partners was described as a credit risk.