Controlling bad debt through counterparty monitoring and external credit investigations
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 23 of 72 companies on the "Worse" side.
- FY2023SoftenedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors.」
Regular monitoring of trade receivables and management of due dates and balances continue, but the current-year description does not explicitly mention the regular and as-needed inquiries to external credit research agencies included in the prior-year description. - FY2022ReframedAnnual report
「In addition, to objectively assess the credit risk of counterparties, the company obtains credit information from external credit investigation agencies regularly and as necessary, thereby minimizing the risk of bad debts arising.」
The description of credit management has changed from the previous fiscal year's focus on monitoring counterparties and managing borrowers to explicitly identifying regular and as-needed inquiries to external credit investigation agencies. - FY2021SoftenedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors. The consolidated subsidiaries conduct similar management in accordance with the company's operating rules.」
Regular monitoring of trade receivables, management of due dates and balances, and early identification of concerns about collection continue, but the monitoring of borrowers and collection of their financial statements described through the previous fiscal year are no longer disclosed. - FY2020RestatedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors. The consolidated subsidiaries conduct similar management in accordance with the company's operating rules. In addition, the President's Office regularly monitors borrowers in relation to loans receivable, obtains borrowers' financial statements, and seeks to identify concerns about collection at an early stage in the event of deterioration in their financial condition or other factors.」
The company continues to seek early identification of concerns about collection for both trade receivables and borrowers through regular monitoring, balance management, and collection of financial statements. - FY2019RestatedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors. The consolidated subsidiaries conduct similar management in accordance with the company's operating rules. In addition, the President's Office regularly monitors borrowers in relation to loans receivable, obtains borrowers' financial statements, and seeks to identify concerns about collection at an early stage in the event of deterioration in their financial condition or other factors.」
The company continues to seek early identification of concerns about collection for both trade receivables and borrowers through regular monitoring, balance management, and collection of financial statements. - FY2018AdvancedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors. The consolidated subsidiaries conduct similar management in accordance with the company's operating rules. In addition, the President's Office regularly monitors borrowers in relation to loans receivable, obtains borrowers' financial statements, and seeks to identify concerns about collection at an early stage in the event of deterioration in their financial condition or other factors.」
In addition to its existing management of trade receivables, the company explicitly identifies regular monitoring of borrowers and the collection of their financial statements. - FY2017RestatedAnnual report
「In accordance with the Detailed Operating Rules of the Sales Department, the Sales Division regularly monitors the status of major customers in relation to trade receivables, manages due dates and balances for each counterparty, and seeks to identify and mitigate concerns about collection at an early stage in the event of deterioration in financial condition or other factors. The consolidated subsidiaries conduct similar management in accordance with the company's operating rules.」
The company continues to manage credit risk through regular monitoring of counterparties, management of due dates and balances, and monitoring of financial condition. - FY2016First statedAnnual report
「To objectively assess the credit risk of counterparties, the company obtains credit information from external credit investigation agencies regularly and as necessary, with the aim of minimizing the risk of bad debts arising.」
The company uses regular and as-needed collection of credit information from external credit investigation agencies as a means of managing credit risk.