Counterparty credit and default risk
First written in FY2018. 1 of 4 entries say "Mitigated", first in FY2023. Latest entry: 2026-10-08.
Optimus Group moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 6 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- 2026-10-08MaterialisedOccurring Fact
「As OzCar's poor performance and governance concerns began to emerge, our group repeatedly considered how the partnership should proceed.」
Poor performance and governance concerns at the equity-method affiliate became apparent, leading to the decision to transition to Voluntary Administration. The recoverability of the investment balance, trade receivables, loans and debt guarantees was reviewed, and the possibility of uncollectible or delayed collections was disclosed, creating a specific counterparty credit and default risk. - FY2025-H1WorsenedAnnual report
「Similarly, at Auto Finance Direct Limited, which handles auto loans, increased interest income accompanying growth in the loan balance contributed to higher segment revenue. However, segment profit declined year on year because the company increased its allowance for doubtful accounts amid weakness in the New Zealand economy.」
Loan balances and interest income increased, but the allowance for doubtful accounts was increased amid weakness in the New Zealand economy, reducing profit in the Services segment. - FY2023MitigatedAnnual report
「Under its credit management regulations, the Group’s finance and accounting or credit management departments oversee trade receivables and loans at each Group company, regularly monitor the status of major counterparties, manage payment due dates and outstanding balances for each counterparty, and seek to identify and mitigate at an early stage any concerns regarding collection arising from deterioration in financial condition or other factors.」
In response to counterparty credit and default risk, the Group disclosed its credit management regulations, regular monitoring, management of due dates and outstanding balances, and early identification of collection concerns. - FY2018First statedAnnual report
「The Group conducts transactions with numerous counterparties in various regions in Japan and overseas and is exposed to the risk of counterparty defaults and other events.」
The Group stated that it would mitigate the risk by establishing allowances and conducting ongoing evaluations using financial information, collateral values and economic conditions.