Risk of subrogated payments and uncollectible recourse claims
First written in FY2022. 3 of 7 entries say "Restated". Latest entry: FY2026-H1.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Monthly guaranteed amount ¥418.957 million ¥346.759 million」
The monthly guaranteed amount for tenants’ rent payments and other obligations declined from ¥418.957 million at the end of the previous fiscal year to ¥346.759 million. - FY2025RestatedAnnual report
「If a material deterioration in domestic or overseas economic or employment conditions affects tenants’ ability to pay rent, subrogation payments may increase.」
The company continues to disclose the risks of rent delinquencies, increased subrogation payments and uncollectible recourse receivables resulting from deteriorating economic and employment conditions. - FY2025-H1MitigatedAnnual report
「Monthly guaranteed amount ¥591.885 million ¥484.007 million」
The monthly guaranteed amount for tenants’ rent payments and other obligations declined from ¥591.885 million at the end of the previous fiscal year to ¥484.007 million. - FY2024-Q2Decrease in guaranteed amountAnnual report
「Monthly guaranteed amount: ¥675.183 million.」
The monthly guaranteed amount for tenants’ rent payments and other obligations was disclosed as ¥675.183 million. It declined from ¥724.707 million at the end of the previous fiscal year, with no material change in the risk of subrogation payments or uncollectible recourse receivables disclosed. - FY2024-Q1RestatedAnnual report
「We provide guarantees for tenants’ rent payments and other obligations as follows: Monthly guaranteed amount: ¥719.242 million.」
The balance of guarantees for tenants’ rent payments and other obligations is disclosed. The monthly guaranteed amount declined from ¥724.707 million at the end of the previous fiscal year to ¥719.242 million. - FY2023RestatedAnnual report
「If a material deterioration in domestic or overseas economic or employment conditions affects tenants’ ability to pay rent, subrogation payments may increase.」
The company continues to disclose the risk of increased subrogation payments and uncollectible recourse receivables resulting from rent delinquencies. - FY2022First statedAnnual report
「If a material deterioration in domestic or overseas economic or employment conditions affects tenants’ ability to pay rent, subrogation payments may increase. In addition, because we may not be able to collect in full the recourse receivables acquired under guarantee agreements when making subrogation payments, uncollected amounts relating to some overdue rent could arise and affect our results and financial position.」
The company identifies increased delinquencies and uncollected recourse receivables resulting from deteriorating economic and employment conditions, with credit management based on attribute analysis as a response.