Counterparty Credit Risk on Trade Receivables
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the soil contamination treatment-related business had a deferred-payment contract that arose in the previous consolidated fiscal year and was amended by a memorandum of agreement during the current consolidated fiscal year. Construction completion and acceptance were set for 29 January 2027 and payment was due on 26 February 2027. Collection of the contract price is to be made when the customer receives the proceeds from selling the land to a third party after completion of the construction. The amounts recognized in the consolidated financial statements were as follows: notes and accounts receivable and contract assets, ¥3,923 million; net sales, ¥2,149 million.」
Under the deferred-payment contract for which collection is conditional on receipt of the proceeds from the sale of the land, the payment due date changed to 26 February 2027, and receivables and contract assets amounted to ¥3,923 million. This was an increase from the ¥1,563 million reported in the previous fiscal year. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, the soil contamination treatment-related business entered into a deferred-payment contract under which construction completion and acceptance were set for 28 February 2026 and payment was due on 31 August 2026. Collection of the contract price is to be made when the customer receives the proceeds from selling the land to a third party after completion of the construction. The amounts recognized in the consolidated financial statements were as follows: notes and accounts receivable and contract assets, ¥1,563 million; net sales, ¥1,418 million.」
Unlike ordinary short-term collection arrangements, a deferred-payment contract was entered into under which collection is conditional on receipt of the proceeds from the sale of the land, resulting in the recognition of ¥1,563 million in receivables and contract assets. - FY2021RestatedAnnual report
「Notes and accounts receivable, which are trade receivables, are exposed to customers’ credit risk. The Company manages balances by business partner, and receivables with delayed collections are reported monthly to the heads of each business location, with a system in place for monitoring and responding to them individually.」
The Company continues to address customer credit risk associated with trade receivables through balance management by business partner and monthly reporting of receivables with delayed collections. - FY2020RestatedAnnual report
「Notes and accounts receivable, which are trade receivables, are exposed to customers’ credit risk. The Company manages balances by business partner, and receivables with delayed collections are reported monthly to the heads of each business location, with a system in place for monitoring and responding to them individually.」
The Company continues to address customer credit risk associated with trade receivables through balance management by business partner and monthly reporting of receivables with delayed collections. - FY2018RestatedAnnual report
「Notes and accounts receivable, which are trade receivables, are exposed to customers’ credit risk. The Company manages balances by business partner, and receivables with delayed collections are reported monthly to the heads of each business location, with a system in place for monitoring and responding to them individually.」
The Company continues to address customer credit risk associated with trade receivables through balance management by business partner and monthly reporting of receivables with delayed collections. - FY2017First statedAnnual report
「Notes and accounts receivable, which are trade receivables, are exposed to customers’ credit risk. The Company manages balances by business partner, and receivables with delayed collections are reported monthly to the heads of each business location, with a system in place for monitoring and responding to them individually.」
The Company recognizes customer credit risk associated with notes and accounts receivable and manages balances by business partner, while reporting receivables with delayed collections monthly and responding to them individually.