Risks Related to Receivables Acquisition and Collection Capabilities and Securing Personnel
First written in FY2016. 2 of 8 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2019-Q1.
0 other companies' latest entry also says "Other".
- FY2019-Q1Loan balance after the transfer disclosedAnnual report
「As of 30 June 2018, we had lent ¥450 million to テアトル債権回収株式会社.」
The disclosure indicated continuing involvement through an outstanding loan of ¥450 million to the company even after all shares of the servicing business were transferred. - FY2018MitigatedAnnual report
「With regard to テアトル債権回収, we determined that it had limited relevance to our core businesses and that expanding it independently would be difficult. Accordingly, we decided to transfer all shares of テアトル債権回収 held by us to グローバル債権回収株式会社, which could continue to grow and develop the business.」
The servicing business's specific exposure to receivables acquisition and collection capabilities and specialized personnel was reduced through the withdrawal from the business by transferring all shares. - FY2018-Q3WorsenedAnnual report
「The servicing business recorded a substantial year-on-year decline in revenue because it had collected a large receivable in the previous fiscal year. As a result, revenue from other businesses was ¥361 million, down 71.6% year on year, and the business recorded an operating loss of ¥113 million, compared with an operating loss of ¥46 million in the same period of the previous year.」
The servicing business continued to see revenue decline following the reversal of the large receivables collection, with revenue down 71.6% and the operating loss widening to ¥113 million. - FY2018-Q2MaterialisedAnnual report
「The servicing business recorded a substantial year-on-year decline in revenue because it had collected a large receivable in the previous fiscal year. As a result, revenue from other businesses was ¥271 million, down 46.2% year on year, and the business recorded an operating loss of ¥58 million, compared with an operating loss of ¥33 million in the same period of the previous year.」
The decline in revenue widened following the reversal of the large receivables collection, and the operating loss continued. - FY2018-Q1MaterialisedAnnual report
「The servicing business recorded a substantial year-on-year decline in revenue because it was unable to secure sufficient ordinary receivables acquisitions amid continued increases in receivables prices. As a result, revenue from other businesses was ¥141 million, down 58.2% year on year, and the business recorded an operating loss of ¥34 million, compared with operating income of ¥15 million in the same period of the previous year.」
Rising receivables prices prevented sufficient acquisition of ordinary receivables, resulting in a 58.2% decline in revenue and an operating loss. - FY2017RestatedAnnual report
「In the servicing business, performance may fluctuate depending on the ability to acquire and collect high-quality receivables for the servicer, as well as on securing personnel with sales capabilities for acquiring receivables, receivables valuation expertise and receivables collection know-how. If these activities do not progress as expected, operating performance and financial condition may be affected.」
Risks related to receivables acquisition, valuation and collection, as well as personnel, continue in the servicing business. - FY2017-Q3Collection of a large receivable recognizedAnnual report
「Other businesses recorded revenue of ¥1,276 million, up 74.0% year on year, mainly because the servicing business collected a large receivable. However, as the profit margin in that business declined, it recorded an operating loss of ¥46 million, compared with operating income of ¥19 million in the same period of the previous year.」
While the collection of a large receivable was recorded, the servicing business posted an operating loss due to lower profit margins. - FY2016First statedAnnual report
「In the servicing business, performance may fluctuate depending on the ability to acquire and collect high-quality receivables for the servicer, as well as on securing personnel with sales capabilities for acquiring receivables, receivables valuation expertise and receivables collection know-how. If these activities do not progress as expected, operating performance and financial condition may be affected.」
Specialized personnel and the success or failure of receivables valuation, acquisition and collection are factors that may cause performance to fluctuate.