Risk of Counterparty Bankruptcy and Early Contract Termination
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2020-Q2.
The whole theme swung hardest in 2025: 6 of 28 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding counterparty bankruptcy and early contract termination risk. - FY2019RestatedAnnual report
「We investigate the credit status of counterparties when contracts are entered into and during performance. However, if an unforeseen event such as the bankruptcy of a counterparty to a transport contract, charter contract, vessel lease contract or tenancy agreement occurs due to risks faced by that counterparty」
The report continues to describe counterparty credit management and the risks of deterioration in creditworthiness, bankruptcy and early contract termination. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding counterparty bankruptcy and early contract termination risk. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding counterparty bankruptcy and early contract termination risk. - FY2017First statedAnnual report
「If an unforeseen event such as the bankruptcy of a counterparty to a transport contract, charter contract, vessel lease contract or tenancy agreement occurs due to risks faced by that counterparty, the Group expects that bad debts, early termination of contracts, and the seizure or auction of vessels by vessel lessors, among other consequences, may occur」
The report explicitly identifies the risks of bad debts and contract termination arising from deterioration in the creditworthiness or bankruptcy of counterparties in the chartering, transport and real estate businesses.