Receivables Collection Risk from Deterioration in Counterparties’ Financial Condition
First written in FY2016. 19 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 19 of 65 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The Group primarily sells building materials made of timber nationwide. Its customers include retail stores, homebuilders and construction companies, and the Group monitors their operating conditions. However, if a customer develops financial problems, this may affect the Group's operating results and financial condition.」
It reconfirms the risk of collecting receivables due to deterioration in the financial condition of customers in the timber business, as well as management based on monitoring customers' conditions. - 2026-08-03RestatedGeneral Meetings of Shareholders
「In accordance with the Regulations on Receivables Management, the departments responsible in each division regularly monitor the status of major customers, manage due dates and balances for each counterparty, and seek to identify and mitigate early any concerns about collection arising from deterioration in financial condition or other factors.」
The measures for managing the risk of collecting receivables when customers’ financial condition deteriorates have been reaffirmed. - FY2026-H1RestatedAnnual report
「During the first half of the current consolidated fiscal period, there were no material changes in the occurrence of matters among those relating to the business and accounting conditions described in this interim report that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2021-Q3MaterialisedAnnual report
「Net sales exceeded the year-earlier period due in part to an increase in sales of newly built detached houses and spec-built houses and the bulk sale of condominium units whose sales had been prolonged. In terms of profit, the loss increased from the year-earlier period due in part to a loss on the sale of condominium units and the recognition of an allowance for doubtful accounts on loans to a customer.」
The continued recognition of allowances for doubtful accounts on loans related to customers' financial condition is actually leading to increased losses in the housing business. - FY2021-Q2MaterialisedAnnual report
「The loss increased from the year-earlier period due in part to a loss recognized on the bulk sale of condominium units whose sales had been prolonged, and an allowance for doubtful accounts on loans due to deterioration in the financial condition of the customer to which the loans had been extended.」
Deterioration in a customer's financial condition actually resulted in the recognition of an allowance for doubtful accounts on loans and led to an increase in losses in the housing business. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2019-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2019-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2018MaterialisedAnnual report
「Profit fell below the year-earlier period due in part to persistently high raw material prices and an increase in the allowance for doubtful accounts for customers.」
It states that an increase in the allowance for doubtful accounts related to deterioration in customers' financial condition actually led to lower profit in the timber business. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2018-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2017-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no significant changes to existing risks, including the risk of collecting receivables due to deterioration in customers' financial condition. - FY2016First statedAnnual report
「If a customer develops financial problems, this may affect the Group's operating results and financial condition.」
It describes management of the timber business's retail stores, builders and construction companies, among others, through due-date monitoring, explanations for overdue receivables and receivables collection meetings.