Credit risk from recognizing an allowance for loan losses on loan receivables
First written in FY2024-Q2. 2 of 3 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 14 of 32 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Allowance for Doubtful Accounts」
The allowance for doubtful accounts has decreased from ¥157 million at the end of the previous consolidated fiscal year to ¥146 million, but no material changes to the existing disclosures on credit risk have been reported. - FY2024-Q3RestatedAnnual report
「For the third-quarter cumulative consolidated period, consolidated revenue increased 5.0% year on year to ¥13,906 million, mainly because fare increases in the taxi division of the core Passenger Vehicle Transportation business contributed to revenue. However, the company recorded an operating loss of ¥241 million, compared with operating profit of ¥148 million in the same period of the previous year, due to higher personnel expenses, advertising expenses associated with recruitment activities, acquisition costs incurred in the second quarter for a residential rental property in Shimogyo-ku, Kyoto, Kyoto Prefecture, in the Real Estate business, primarily due to the immediate expensing of non-deductible consumption taxes related to the building, and the recognition of an allowance for doubtful accounts on loan receivables held by a consolidated subsidiary, among other factors.」
The recognition of an allowance for doubtful accounts on loans held by consolidated subsidiaries continues to be cited as a factor behind the operating loss. - FY2024-Q2MaterialisedAnnual report
「In addition to expenses incurred to acquire a residential rental property in Shimogyo-ku, Kyoto, Kyoto Prefecture, in the Real Estate business, primarily due to the immediate expensing of non-deductible consumption taxes related to the building, the company recognized an allowance for doubtful accounts on loan receivables held by a consolidated subsidiary. As a result, the operating loss was ¥241 million, compared with operating profit of ¥51 million in the same period of the previous year; the ordinary loss was ¥176 million, compared with ordinary profit of ¥113 million; and the quarterly net loss attributable to owners of the parent was ¥232 million, compared with quarterly net income attributable to owners of the parent of ¥78 million.」
The company recognized an allowance for doubtful accounts on loan receivables held by a consolidated subsidiary, resulting in a ¥52 million provision for doubtful accounts recorded in selling, general and administrative expenses. Credit risk has materialized as an impact on profit and loss.