Mitani Sangyo (8285) · RiskDropped
Recognition of an allowance for doubtful accounts following a customer's filing for civil rehabilitation
First written in FY2023. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2024-Q3.
2entries
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Recognition of an allowance for doubtful accounts following a customer's filing for civil rehabilitationA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024-Q3DroppedAnnual reportThe discussion of the Chemicals-Related Business in the third quarter does not directly mention the business partner’s application for commencement of civil rehabilitation proceedings or the recognition of an allowance for doubtful accounts.
- FY2023MaterialisedAnnual report
「Operating profit declined 12.9% year on year to ¥1,059 million, mainly because an allowance for doubtful accounts was recognized following a business partner’s application for commencement of civil rehabilitation proceedings.」
A business partner actually filed for commencement of civil rehabilitation proceedings, and the recognition of an allowance for doubtful accounts reduced operating profit in the Chemicals-Related Business.