Deterioration in Counterparties’ Creditworthiness and Bad Debts
First written in FY2016. 6 of 15 entries say "Worsened", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Collections through in-kind settlements and interim dividends relating to the liquidation, as well as the write-off of certain receivables, were carried out.""The balance of receivables held by 香港大永 and KPPアンタリス中国 from the customer as of the end of the current consolidated fiscal year was ¥9,498 million」
Collections and write-offs progressed for Samson-related receivables, and the provision for doubtful accounts decreased from ¥9,608 million in the previous fiscal year to ¥9,498 million. The group disclosed that the provision may fluctuate in subsequent fiscal years due to collections, liquidation dividends and other factors. - 2026-06-05MaterialisedGeneral Meetings of Shareholders
「At the end of the consolidated fiscal year, we recorded ¥9,498 million in receivables held by Hong Kong Taiyo and KPP Antalis China from the relevant counterparty, of which ¥6,927 million was included in “Other” under investments and other assets.」
After reviewing the collection and write-off of Samson-related receivables and reassessing the value of mortgaged real estate, the company recorded receivables of ¥9,498 million and an allowance for doubtful accounts of the same amount. - FY2025WorsenedAnnual report
「As of the end of the current consolidated fiscal year, receivables of ¥9,608 million held by 香港大永 and 慶真紙業 from the customer were recognized, of which ¥7,115 million was included in investments and other assets, Other.」
For Samson-related receivables, collections and write-offs progressed, while the receivables balance increased from ¥8,905 million in the previous fiscal year to ¥9,608 million. A ¥296 million reversal of provisions for doubtful accounts was also recognized. - FY2024MitigatedAnnual report
「Collections through in-kind settlements and interim dividends relating to the liquidation, as well as the write-off of certain receivables, were carried out.""The balance of receivables held by 香港大永 and 慶真紙業 from the customer as of the end of the current consolidated fiscal year was ¥8,905 million」
Collections and write-offs progressed for Samson-related receivables, and the provision for doubtful accounts decreased from ¥13,293 million in the previous fiscal year to ¥8,905 million. However, receivables and collection risk remain. - FY2023-Q3WorsenedAnnual report
「As a result, at the end of the third quarter of the current consolidated fiscal year, receivables of ¥16,537 million held by 香港大永 and 慶真紙業 from the customer were recognized, of which ¥11,235 million was included in investments and other assets, Other.""Amounts recognized during the nine months ended the third quarter: provision for doubtful accounts ¥14,361 million, provision for doubtful accounts expense ¥1,225 million, reversal of provision for doubtful accounts ¥1,040 million」
For Samson-related receivables, a receivables balance of ¥16,537 million and a provision for doubtful accounts of ¥14,361 million were recognized. The balance increased from the related receivables balance and provision at the end of the previous fiscal year, and significant credit risk remains. - FY2022MitigatedAnnual report
「Amounts received during the current consolidated fiscal year were treated as reversals of provisions for doubtful accounts.""Reversal of provision for doubtful accounts 933」
For Samson-related receivables that emerged as a risk in the previous fiscal year, a ¥933 million reversal of provisions for doubtful accounts was recognized in the current fiscal year. Meanwhile, the balance of related receivables at fiscal year-end was ¥13,728 million and the provision for doubtful accounts was ¥11,652 million, indicating that credit risk remains. - FY2022-Q3MitigatedAnnual report
「Reversal of provision for doubtful accounts 904」
A ¥904 million reversal of provisions for doubtful accounts was recognized as non-operating income, with losses related to the deterioration in creditworthiness and bad debts that emerged in the previous fiscal year appearing as reversals. - FY2022-Q2MitigatedAnnual report
「Reversal of provision for doubtful accounts 737」
During the six months ended the second quarter of the current consolidated fiscal year, ¥737 million in reversals of provisions for doubtful accounts was recognized as non-operating income. Losses recognized in connection with the bad debts that became pronounced in the previous fiscal year appeared as reversals during the current quarter. - FY2021WorsenedAnnual report
「Of the ¥13,548 million balance of accounts receivable held by 香港大永 and 慶真紙業 from the customer, ¥11,475 million was recognized as a provision for doubtful accounts under selling, general and administrative expenses.」
Of the ¥13,548 million balance of receivables associated with the Samson Group's provisional liquidation, ¥11,475 million was recognized as a provision for doubtful accounts. The deterioration in creditworthiness through the previous quarter materialized as a full-year loss. - FY2021-Q3WorsenedAnnual report
「Of the ¥15,376 million balance of accounts receivable held by 香港大永 and 慶真紙業 from the customer, ¥10,890 million was recognized as a provision for doubtful accounts under selling, general and administrative expenses.」
Collection delays arose for receivables from the Samson Group, and ¥10,890 million of the ¥15,376 million receivables balance was recognized as a provision for doubtful accounts. The deterioration in creditworthiness disclosed through the previous quarter has progressed into a larger loss. - FY2021-Q2MaterialisedAnnual report
「Samson Paper Holdings Limited disclosed that, on 20 July 2020, it had applied to the Supreme Court of Bermuda for provisional liquidation to facilitate the restructuring of the company. As a result, the receivables from its consolidated subsidiaries became at risk of being uncollectible or subject to collection delays.」
The application for provisional liquidation by the Samson Group, the main customer, resulted in the materialization of credit deterioration and bad-debt risk. Of the ¥15,370 million balance of accounts receivable, ¥8,130 million was recognized as a provision for doubtful accounts. - FY2019WorsenedAnnual report
「The balance of accounts receivable from the group as of the end of the current consolidated fiscal year was ¥15,988 million.」
The balance of accounts receivable from the Samson Paper Holdings Group, the main customer, increased to ¥15,988 million from ¥14,639 million in the previous fiscal year. The concentration of credit risk has been quantified further. - FY2018WorsenedAnnual report
「The group's main customer in the Asia region is 森信紙業集團有限公司, listed on the Hong Kong Stock Exchange (Samson Paper Holdings Ltd.; hereinafter, the Samson Paper Holdings Group). The balance of accounts receivable from the group as of the end of the current consolidated fiscal year was ¥14,639 million.」
The balance of accounts receivable from the main customer was specified as ¥14,639 million, quantifying the concentration of customer credit risk in the Asia region. The recognition of provisions for doubtful accounts in China and Hong Kong in previous fiscal years was also disclosed. - FY2017-Q3MaterialisedAnnual report
「In East Asia, sales in China declined sharply due in part to customer selection associated with business-structure reforms. In Hong Kong, sales, particularly of paper, declined, and losses were recognized due in part to bad debts and other factors.」
Bad debts and other factors arose in Hong Kong, leading to the recognition of losses in the overseas paper, pulp and other wholesale operations. - FY2016First statedAnnual report
「If the number of receivables that become uncollectible increases beyond the group's expectations due to deterioration in customers' creditworthiness, this may affect its financial condition and operating results.""Losses were recognized due in part to bad debts and other factors.」
While credit management is described as a risk, losses due to bad debts and other factors were reported during the period in the overseas paper, pulp and other wholesale operations.