Collection Risk on the Company’s Own Installment Receivables

「Allowance for doubtful accounts △178,883 △190,439」

「Accounts receivable　5,548,721　5,496,679　Allowance for doubtful accounts　△178,883　△208,092」

「Accounts receivable　6,151,077　5,946,158　Allowance for doubtful accounts　△99,160　△112,181」

「Accounts receivable　5,005,114　6,151,077　Allowance for doubtful accounts　△62,165　△99,160」

「Accounts receivable　5,005,114　4,717,919　Allowance for doubtful accounts　△62,165　△88,358」

「Accounts receivable　5,005,114　4,957,542　Allowance for doubtful accounts　△62,165　△82,682」

「Accounts receivable　5,005,114　4,454,870　Allowance for doubtful accounts　△62,165　△74,097」

「Accounts receivable totaled ¥5,005.114 million, and the allowance for doubtful accounts was ¥62.165 million.」

「Accounts receivable　4,303,660　Allowance for doubtful accounts　△56,152」

「This was mainly due to increases in loans to affiliated companies and accounts receivable, and decreases in cash and deposits and inventories.」

「Accounts receivable　3,210,351　2,768,885　Allowance for doubtful accounts　△69,878　△48,962」

「Accounts receivable totaled ¥3,210.351 million, and the allowance for doubtful accounts was ¥69.878 million.」

「Accounts receivable　2,424,532　2,553,929　Allowance for doubtful accounts　△58,240　△66,162」

「Accounts receivable　2,424,532　2,494,719　Allowance for doubtful accounts　△58,240　△70,661」

「Accounts receivable　2,424,532　2,302,756　Allowance for doubtful accounts　△58,240　△104,900」

「The company has sought to diversify its response and avoid excessive concentration by proposing purchasing methods other than in-house installment sales. For the management of receivables from in-house installment sales, it has established a dedicated department to monitor receivables and put in place a system capable of taking timely measures.」

「Accounts receivable　2,401,260　Allowance for doubtful accounts　△60,452」

「Current assets at the end of the second quarter of the current consolidated fiscal period totaled ¥12,382 million, an increase of ¥448 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in cash and deposits and a decrease in accounts receivable.」

「Trade receivables, 4,222,377, 3,276,262; allowance for doubtful accounts, △62,089, △69,468」

「Trade receivables were ¥4.222377 billion, and the allowance for doubtful accounts was negative ¥62.089 million.」

「Trade receivables were ¥5.357066 billion, and the allowance for doubtful accounts was negative ¥91.546 million.」

「As of the end of the current third-quarter consolidated accounting period, current assets amounted to ¥13.432 billion, an increase of ¥5.935 billion from the end of the previous consolidated fiscal year. This was mainly attributable to increases in cash and deposits, trade receivables and inventories.」

「In addition, in June 2017, we introduced “MARUKO Credit (in-house installment payments, under which the customer and the Company enter directly into an installment sales agreement)” and held events linked to various initiatives. As a result, both existing and new customers had more opportunities to use the service.」

「In June 2017, the company introduced Marco Credit, a new sales method designed to reduce the burden on customers when making purchases. Under this in-house instalment plan, the customer and the company enter directly into an instalment sales agreement. The service was used by more customers, including those who had not previously completed a purchase.」

「In our sales activities, customers may purchase products through in-house installment payments, under which the Company and the customer enter directly into an installment sales agreement. Although we exercise due care in managing trade receivables from in-house installment sales, including establishing a specialized department, collection may become difficult because of sudden changes in the economic environment or natural disasters such as fires and floods. If uncollected receivables increase beyond expectations, this could affect the Group’s results of operations.」