Customer Credit Risk and Risk of an Increased Allowance for Doubtful Accounts
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our Group's principal products are production goods, including power transmission equipment, industrial equipment, and control equipment. Depending mainly on economic conditions in Japan and overseas, circumstances may arise that require additional provisions for doubtful accounts in the future. In managing receivables, we set a credit limit for each business partner, continuously monitor credit conditions, and take steps to minimize the occurrence of bad debts.」
The statement continues to identify the risk of additional provisions for doubtful accounts due to economic conditions in Japan and overseas, together with the setting of credit limits for individual business partners and monitoring of their credit conditions. - FY2024ReframedAnnual report
「Our Group's principal products are production goods, including power transmission equipment, industrial equipment, and control equipment. Depending mainly on economic conditions in Japan and overseas, circumstances may arise that require additional provisions for doubtful accounts in the future.」
The scope of the risk of additional provisions for doubtful accounts due to economic fluctuations has been changed from Japan and China to Japan and overseas. The setting of credit limits for individual business partners and continuous monitoring of their credit conditions remain in place. - FY2023RestatedAnnual report
「In managing receivables, we set a credit limit for each business partner, continuously monitor credit conditions, and take steps to minimize the occurrence of bad debts.」
Credit risk management continues through the setting of credit limits for individual business partners and continuous monitoring of their credit conditions. - FY2021MitigatedAnnual report
「Our Group's customers are diversified, with transactions generally small in size. Our Group's principal products are production goods, including power transmission equipment, industrial equipment, and control equipment. Depending mainly on economic conditions in Japan and China, circumstances may arise that require additional provisions for doubtful accounts in the future. In managing receivables, including accounts receivable, we set a credit limit for each business partner, continuously monitor credit conditions, and take steps to minimize the occurrence of bad debts.」
While describing the risk of additional provisions for doubtful accounts due to economic conditions in Japan and China, the statement newly identifies setting credit limits for individual business partners as a management measure. - FY2018RestatedAnnual report
「Our Group's customers are diversified, with transactions generally small in size. In managing receivables, including accounts receivable, we continuously monitor customers' credit conditions and take steps to minimize the occurrence of bad debts.」
The statement reaffirms the diversification of customers, continuous monitoring of their credit conditions, and the risk of additional provisions for doubtful accounts depending on economic conditions. - FY2017RestatedAnnual report
「Our Group's customers are diversified, with transactions generally small in size. In managing receivables, including accounts receivable, we continuously monitor customers' credit conditions and take steps to minimize the occurrence of bad debts. Our Group's principal products are production goods, including power transmission equipment, industrial equipment, and control equipment. Depending on domestic economic conditions, circumstances may arise that require additional provisions for doubtful accounts in the future.」
The statement reaffirms the diversification of customers, continuous monitoring of their credit conditions, and the risk of additional provisions for doubtful accounts if economic conditions deteriorate. - FY2016First statedAnnual report
「Our Group's customers are diversified, with transactions generally small in size. In managing receivables, including accounts receivable, we continuously monitor customers' credit conditions and take steps to minimize the occurrence of bad debts. Our Group's principal products are production goods, including power transmission equipment, industrial equipment, and control equipment. Depending on domestic economic conditions, circumstances may arise that require additional provisions for doubtful accounts in the future.」
The statement explains that customers are diversified into small accounts and that their credit conditions are monitored continuously, while noting that weaker economic conditions could result in additional provisions for doubtful accounts.