Non-performance of medium- to long-term contracts due to deterioration in counterparties’ business conditions and project delays
First written in FY2017. 5 of 10 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 64 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Provision for allowance for doubtful accounts 3,520」
The risk of deteriorating creditworthiness among counterparties and affiliated companies materialized as a provision for allowance for doubtful accounts of ¥3.520 billion for the fiscal year. - FY2024-Q3MitigatedAnnual report
「Reversal of allowance for doubtful accounts 17,949」
A reversal of the allowance for doubtful accounts of ¥17.949 billion was recorded for the nine months ended the third quarter as GEARBULK HOLDING AG's financial condition improved, partially mitigating the risk of deteriorating creditworthiness among counterparties and affiliated companies. - FY2024-Q2MitigatedAnnual report
「Reversal of allowance for doubtful accounts 17,398」
A reversal of the allowance for doubtful accounts of ¥17.398 billion was recorded for the six months ended the second quarter as GEARBULK HOLDING AG's financial condition improved, partially mitigating the risk of deteriorating creditworthiness among counterparties and affiliated companies. - FY2024-Q1MitigatedAnnual report
「Despite the impact of weaker market conditions, profit increased year on year because a consolidated subsidiary reversed an allowance for doubtful accounts previously recorded against a loan to equity-method affiliate GEARBULK HOLDING AG as the affiliate's financial condition improved.」
Reversals of the allowance for doubtful accounts continued as GEARBULK HOLDING AG's financial condition improved, partially mitigating the risk of deteriorating creditworthiness among counterparties and affiliated companies. - FY2023MitigatedAnnual report
「The Company recorded an allowance for doubtful accounts of ¥15,924 million against receivables from an affiliated company for which collectability was a concern. It also recorded a reversal of allowance for doubtful accounts of ¥3,317 million during the fiscal year.」
Part of the allowance for doubtful accounts was reversed as the affiliated company's financial condition improved, reducing the allowance balance from ¥16,677 million in the previous fiscal year to ¥15,924 million. - FY2023-Q3MitigatedAnnual report
「At a consolidated subsidiary, part of the allowance for doubtful accounts previously recorded against a loan to equity-method affiliate GEARBULK HOLDING AG was reversed as the affiliate's financial condition improved.」
As GEARBULK HOLDING AG's financial condition improved, part of the allowance for doubtful accounts previously recorded was reversed. The risk of deteriorating creditworthiness among counterparties and affiliated companies was partially mitigated. - FY2022WorsenedAnnual report
「The Company recorded an allowance for doubtful accounts of ¥16,677 million against receivables from an affiliated company for which collectability was a concern.」
Regarding the risk of deteriorating creditworthiness among counterparties and affiliated companies, the allowance for doubtful accounts increased from ¥15,007 million in the previous fiscal year to ¥16,677 million. - FY2021MaterialisedAnnual report
「At consolidated subsidiary MOL BRIDGE FINANCE S.A., an allowance for doubtful accounts was recorded against a loan to equity-method affiliate GEARBULK HOLDING AG, resulting in a substantial year-on-year deterioration in profit and loss for the dry bulk shipping business as a whole.」
The risk of deteriorating creditworthiness among counterparties and affiliated companies materialized as an allowance for doubtful accounts against a loan to GEARBULK HOLDING AG. The allowance for doubtful accounts against the affiliated company amounted to ¥15,007 million. - FY2020MaterialisedAnnual report
「The Company recorded an allowance for doubtful accounts of ¥7,784 million against receivables from an affiliated company for which collectability was a concern. It also recorded a provision for allowance for doubtful accounts of ¥7,784 million during the fiscal year.」
The risk of deteriorating creditworthiness among counterparties and affiliated companies materialized as an allowance for doubtful accounts of ¥7.8 billion against an affiliated company, due in part to the impact of COVID-19. - FY2017First statedAnnual report
「If all or part of the contracts are not performed due to deterioration in the financial condition of these counterparties or delays in projects for which vessels are scheduled to be deployed, the Company's performance could be adversely affected.」
While emphasizing the accumulation of stable earnings through long-term contracts, the Company newly specified the risk of contract nonperformance due to deterioration in counterparties' creditworthiness or project delays.