Ohba (9765) · RiskMitigated
Recoverability of long-term receivables related to land readjustment projects
First written in FY2021. 1 of 2 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2022-Q3.
2entries
2years
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Recoverability of long-term receivables related to land readjustment projectsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2022-Q3MitigatedAnnual report
「Long-term accounts receivable 224,002 －」
The balance of long-term accounts receivable fell from ¥224.002 million at the end of the previous consolidated fiscal year to zero, reducing the balance-sheet receivables exposure related to land readjustment projects. However, the filing does not state specific details such as completion of collection. - FY2021First statedAnnual report
「Long-term accounts receivable ¥224.002 million Allowance for doubtful accounts on long-term accounts receivable ¥112.001 million Land readjustment projects are long-term projects, and the collection period for receivables may be extended. In addition, changes in circumstances that were not initially anticipated may alter the intentions of landowners and other stakeholders and affect the progress of the project」
In connection with land readjustment projects, long-term accounts receivable and an allowance for doubtful accounts were recognized, and the uncertainties regarding recoverability arising from project progress, collection methods and changes in the project's added value were disclosed in detail as a critical accounting estimate for the first time.