Komori
Seibu Holdings (9024) · RiskRestated

Credit Collection and Partner Contractor Risk in the Construction Business

First written in FY2017. 2 of 5 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2022-Q3.

5entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017WorsenedFY2021-Q1 – FY2021-Q22017: 120172018: 020182019: 020192020: 220202021: 120212022: 1
Same theme, other companies
Credit Concerns Regarding Counterparties in the Construction and Real Estate BusinessA theme 29 companies write about · 29 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 2 of 15 companies on the "Worse" side.

21 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 29 companies compared. The sentences above are computed from all 29.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3RestatedAnnual report

    「With respect to credit management, while responding flexibly, including by reducing rents charged to business partners, we are working to strengthen our credit management framework by understanding business partners' financial conditions and outstanding receivables and conducting credit checks as measures to address credit-management risks.」

    The Group continues to strengthen its management framework by monitoring business partners' financial conditions and outstanding receivables and conducting credit checks.
  2. FY2022-Q1MitigatedAnnual report

    「With respect to credit management, while responding flexibly, including by reducing rents charged to business partners, we are working to strengthen our credit management framework by understanding business partners' financial conditions and outstanding receivables and conducting credit checks as measures to address credit-management risks.」

    The Group disclosed efforts to strengthen its management framework by monitoring business partners' financial conditions and outstanding receivables and conducting credit checks.
  3. FY2021-Q2WorsenedAnnual report

    「If, due to the prolonged COVID-19 pandemic, the cash flows of multiple business partners deteriorate simultaneously or collection of large amounts receivable is impeded by defaults or other factors, this could affect our Group's business performance and financial condition.」

    The possibility that prolonged COVID-19 could lead to deterioration in business partners' cash flows, defaults and difficulty collecting large amounts receivable was explicitly identified.
  4. FY2021-Q1WorsenedAnnual report

    「If, due to the prolonged COVID-19 pandemic, the cash flows of multiple business partners deteriorate simultaneously or collection of large amounts receivable is impeded by defaults or other factors, this could affect our Group's business performance and financial condition.」

    Collection risks arising from deterioration in business partners' cash flows and defaults were explicitly linked to the prolonged COVID-19 pandemic.
  5. FY2017First statedAnnual report

    「Construction projects generally have long durations and large receivables. If collection of contract consideration is impeded by a deterioration in a business partner's cash flow or other factors, this could affect our Group's business performance and financial condition.」

    Given the long duration of construction projects and the large amounts of receivables involved, the Group identifies deterioration in business partners' cash flows and difficulty collecting contract consideration as risks.
Moved together

"Value Impairment and Impairment Losses on Real Estate and Securities" moved the same way as this thread, in the same document, in 3 of its 5 moves.

332222★123456
  1. ★This thread
  2. 1Value Impairment and Impairment Losses on Real Estate and Securities3×
  3. 2Sensitivity of operating profit to the fixed-cost burden3×
  4. 3Decrease in operating income despite higher operating revenue2×
  5. 4Substantial Net Interest-Bearing Debt and Refinancing and Interest-Rate Risk2×
  6. 5Downside risks to overseas economies and unstable international conditions2×
  7. 6Decline in Tourists in Japan and Hawaii2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Seibu Holdings's next results are scheduled for 2026-11-12. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.