Credit Risk and Ship Finance-Related Credit Costs
First written in FY2016. 12 of 28 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2026.
Mizuho Leasing moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2019: 6 of 14 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets *1 ¥11,455 million; doubtful receivables *2 — million; receivables overdue by 3 months or more *3 — million」
Bankrupt and quasi-bankrupt receivables and similar assets decreased from ¥13,853 million in the previous fiscal year to ¥11,455 million, while doubtful receivables and receivables overdue by 3 months or more fell to zero. - FY2026-H1MitigatedAnnual report
「(1) Bankrupt and quasi-bankrupt receivables and similar assets *1 ¥13,853 million ¥11,432 million (2) Doubtful receivables *2 ¥3 million ¥1 million (3) Receivables overdue by 3 months or more *3 — million — million」
Bankrupt and quasi-bankrupt receivables and similar assets decreased from ¥13,853 million to ¥11,432 million, and doubtful receivables decreased from ¥3 million to ¥1 million. Receivables overdue by 3 months or more remained at zero. Credit risk exposure decreased on a numerical basis. - FY2025MitigatedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥13,853 million; doubtful receivables ¥3 million; receivables overdue by 3 months or more — million」
Bankrupt and quasi-bankrupt receivables and similar assets decreased from ¥18,454 million in the previous fiscal year to ¥13,853 million, and doubtful receivables decreased from ¥7,385 million to ¥3 million. Receivables overdue by 3 months or more fell to zero. The consolidated allowance for doubtful accounts also decreased from ¥7,592 million to ¥4,782 million. - FY2025-H1MitigatedAnnual report
「(1) Bankrupt and quasi-bankrupt receivables and similar assets *1 ¥18,454 million ¥14,349 million (2) Doubtful receivables *2 ¥7,385 million ¥1,757 million (3) Receivables overdue by 3 months or more *3 — million ¥0 million」
Bankrupt and quasi-bankrupt receivables and similar assets and doubtful receivables decreased from the end of the previous consolidated fiscal year, while receivables overdue by 3 months or more stood at ¥0 million. Credit risk exposure decreased on a numerical basis. - FY2024WorsenedAnnual report
「The Group records the amount deemed necessary for each classification of receivables in accordance with its predetermined write-off and allowance standards.」
The consolidated allowance for doubtful accounts increased from ¥6,177 million in the previous fiscal year to ¥7,592 million. Bankrupt and quasi-bankrupt receivables and similar assets also increased from ¥25,813 million to ¥28,867 million, indicating greater credit risk exposure. - FY2024-Q3WorsenedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥25,813 million ¥26,860 million」
Bankrupt and quasi-bankrupt receivables and similar assets increased from ¥25,813 million at the end of the previous consolidated fiscal year to ¥26,860 million, indicating greater credit risk exposure. - FY2024-Q2WorsenedAnnual report
「(1) Bankrupt and quasi-bankrupt receivables and similar assets ¥17,373 million ¥19,969 million」
Bankrupt and quasi-bankrupt receivables and similar assets increased from ¥17,373 million at the end of the previous fiscal year to ¥19,969 million, indicating greater credit risk exposure. - FY2024-Q1MaterialisedAnnual report
「Operating income decreased 16.0% year on year to ¥7,199 million due to higher property expenses, credit costs and other factors. Ordinary income decreased 13.5% to ¥9,983 million, and quarterly net income attributable to owners of the parent decreased 16.2% to ¥6,824 million.」
The disclosure specifically identified higher credit costs as a factor behind the decline in operating income in the current quarter. - FY2023MitigatedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥17,373 million; doubtful receivables ¥5,632 million; receivables overdue by 3 months or more — million」
Bankrupt and quasi-bankrupt receivables and similar assets and doubtful receivables decreased from the end of the previous fiscal year, while receivables overdue by 3 months or more fell to zero. Credit costs also remained low, according to the disclosure. - FY2023-Q3MitigatedAnnual report
「Operating income increased 50.6% year on year to ¥26,716 million, reflecting strong net interest income and the fact that credit costs remained low.」
Credit costs remained low. In addition, bankrupt and quasi-bankrupt receivables and similar assets decreased from ¥32,691 million at the end of the previous fiscal year to ¥26,420 million. - FY2023-Q2MitigatedAnnual report
「(1) Bankrupt and quasi-bankrupt receivables and similar assets *1 ¥20,532 million ¥20,305 million (2) Doubtful receivables *2 ¥9,855 million ¥5,677 million (3) Receivables overdue by 3 months or more *3 ¥3,282 million — million」
Bankrupt and quasi-bankrupt receivables and similar assets, doubtful receivables, and receivables overdue by 3 months or more all decreased from the end of the previous fiscal year, with the latter falling to zero. The disclosure also states that credit costs remained low during the fiscal year. - FY2022-Q3WorsenedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥11,477 million ¥26,239 million」
Bankrupt and quasi-bankrupt receivables and similar assets increased from ¥11,477 million at the end of the previous consolidated fiscal year to ¥26,239 million, with the figures indicating greater credit risk exposure. - FY2022-Q2WorsenedAnnual report
「(1) Receivables from bankrupt borrowers *1 ¥9,361 million (1) Receivables from bankrupt borrowers *1 ¥18,065 million (3) Receivables overdue by 3 months or more *3 ¥9,069 million (3) Receivables overdue by 3 months or more *3 ¥6,533 million」
Receivables from bankrupt borrowers increased from ¥9,361 million to ¥18,065 million, while receivables overdue by 3 months or more decreased from ¥9,069 million to ¥6,533 million. The increase in receivables from bankrupt borrowers indicates greater credit risk exposure. - FY2022-Q1MitigatedAnnual report
「Operating income increased 8.0% year on year to ¥6,385 million, as credit cost reversals and lower funding costs resulting from lower foreign-currency funding interest rates reduced the cost of funds.」
Credit cost reversals were recorded in the current quarter, temporarily reducing the burden of credit costs on earnings. - FY2021WorsenedAnnual report
「(1) Receivables from bankrupt borrowers *1 ¥3,251 million ¥9,361 million (3) Receivables overdue by 3 months or more *3 — million ¥9,069 million」
Receivables from bankrupt borrowers increased from ¥3,251 million to ¥9,361 million, and ¥9,069 million of receivables overdue by 3 months or more were recorded. The figures indicate greater credit risk exposure. - FY2021-Q3WorsenedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥5,448 million ¥11,908 million」
Bankrupt and quasi-bankrupt receivables and similar assets increased from ¥5,448 million at the end of the previous consolidated fiscal year to ¥11,908 million, indicating greater credit risk exposure. - FY2021-Q2WorsenedAnnual report
「(1) Receivables from bankrupt borrowers *1 ¥9,726 million (2) Delinquent receivables *2 — million (3) Receivables overdue by 3 months or more *3 ¥4,125 million」
Receivables from bankrupt borrowers increased from ¥3,251 million at the end of the previous fiscal year to ¥9,726 million, and ¥4,125 million of receivables overdue by 3 months or more were newly recorded. The figures indicate greater credit risk exposure. - FY2021-Q1WorsenedAnnual report
「Bankrupt and quasi-bankrupt receivables and similar assets ¥5,448 million ¥12,027 million」
Bankrupt and quasi-bankrupt receivables and similar assets on the consolidated balance sheet increased from ¥5,448 million at the end of the previous fiscal year to ¥12,027 million. The change in balance was described as indicating greater credit risk exposure. - FY2020WorsenedAnnual report
「(1) Receivables from bankrupt borrowers *1 ¥863 million ¥3,251 million」
Receivables from bankrupt borrowers at the filing company increased from ¥863 million in the previous fiscal year to ¥3,251 million. The possibility of higher credit costs due to COVID-19 was also disclosed separately. - FY2020-Q1MaterialisedAnnual report
「Ordinary income decreased 10.1% year on year to ¥5,843 million due in part to the occurrence of a small amount of credit costs and investment income recorded as non-operating income in the same quarter of the previous year. Quarterly net income attributable to owners of the parent decreased 2.4% to ¥4,143 million.」
A small amount of credit costs arose in the current quarter and was cited as a factor behind the decline in ordinary income. - FY2019MitigatedAnnual report
「Although the provision for allowance for doubtful accounts and related items increased by ¥588 million year on year, reversal gains were recorded for the second consecutive fiscal year, resulting in a negative provision of ¥193 million. As a result, the credit portion of bankrupt and quasi-bankrupt receivables and similar assets for the fiscal year ended March 2019 was ¥8,406 million. A 100% allowance was recorded against this amount, which was fully directly written off as estimated uncollectible.」
Reversal gains on the allowance for doubtful accounts were recorded for the second consecutive fiscal year, improving the impact of credit costs on earnings. A 100% allowance was recorded against the ¥8,406 million credit portion of bankrupt and quasi-bankrupt receivables and similar assets. - FY2018MitigatedAnnual report
「Ordinary income increased 6.3% year on year to ¥19,964 million because the burden of credit costs incurred in the previous fiscal year was absent, while net income attributable to owners of the parent rose 9.9% to ¥13,643 million.」
The disclosure states that the burden of credit costs incurred in the previous fiscal year was absent in the current fiscal year, improving the impact of credit costs on earnings. The credit portion of bankrupt and quasi-bankrupt receivables and similar assets was ¥8,400 million, against which a 100% allowance was recorded. - FY2018-Q3MaterialisedAnnual report
「Installment sales revenue increased 19.6% year on year to ¥9,250 million, but the segment recorded an operating loss of ¥112 million due to credit costs and other factors.」
Credit costs continued to arise in the installment sales segment, resulting in an operating loss of ¥112 million. The occurrence of credit risk-related costs was confirmed in the results. - FY2018-Q2MaterialisedAnnual report
「Installment sales revenue increased 35.5% year on year to ¥6,498 million, but the segment recorded an operating loss of ¥116 million due to credit costs and other factors.」
Credit costs arose in the installment sales segment, resulting in an operating loss. The disclosure also reports ¥1,008 million of receivables from bankrupt borrowers and ¥12 million of delinquent receivables among non-performing loans. - FY2017WorsenedAnnual report
「Ordinary income rose 1.2% year on year to ¥18,789 million despite higher credit costs, while net income attributable to owners of the parent rose 6.9% to ¥12,414 million. As a result, the credit portion of bankrupt and quasi-bankrupt receivables and similar assets for the fiscal year ended March 2017 was ¥8,501 million. A 100% allowance was recorded against this amount, which was fully directly written off as estimated uncollectible.」
Credit costs increased, and the credit portion of bankrupt and quasi-bankrupt receivables and similar assets was ¥8,501 million. The disclosure also states that a 100% allowance was recorded and the amount was directly written off. - FY2017-Q3MitigatedAnnual report
「Revenue increased 11.9% year on year to ¥284,644 million. Along with continued improvement in credit costs, operating income rose 13.2% to ¥15,008 million, ordinary income rose 13.1% to ¥15,532 million, and quarterly net income attributable to owners of the parent rose 14.9% to ¥10,456 million.」
The disclosure states that credit costs continued to improve, indicating that the trend of improvement in credit risk-related costs incurred in the previous fiscal year continued. - FY2017-Q2MitigatedAnnual report
「In addition to higher gross profit and other factors, improved credit costs resulted in operating income rising 27.1% year on year to ¥10,599 million, ordinary income rising 26.5% to ¥11,111 million, and quarterly net income attributable to owners of the parent rising 27.3% to ¥7,501 million.」
The disclosure states that credit costs improved. Although ship finance is not mentioned directly, improvement from the credit costs incurred in the previous fiscal year was indicated for the current quarter. - FY2016MaterialisedAnnual report
「Credit costs arose in ship finance, and ordinary income decreased 2.1% from the previous fiscal year to ¥18,570 million. As a result, the credit portion of bankrupt and quasi-bankrupt receivables and similar assets for the fiscal year ended March 2016 was ¥8,476 million. A 100% allowance was recorded against this amount, which was fully directly written off as estimated uncollectible.」
The disclosure states that credit costs actually arose in ship finance and that a 100% allowance was recorded against the ¥8,476 million credit portion.