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.
The whole theme swung hardest in 2020: 2 of 15 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 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. - 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. - 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. - 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. - 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.