Revision of Payment Terms for Partner Companies (Abolition of Bill Payments and Retention Money)
AI Summary (NQ-processed)
Okumura Corporation announced a revision of payment terms for its partner companies, abolishing bill payments and retention money from the September 2026 billing period, shifting to "full cash payment." This aims to improve the cash flow of partner companies and strengthen the overall supply chain amidst the increasingly severe environment surrounding the construction industry.
AI Analysis
Frequently Asked Questions
Q: What are the main changes in Okumura Corporation's payment terms revision?
A: Bill payments and retention money will be abolished, transitioning to full cash payment. This will improve the cash flow for cooperating companies.
Q: When will this change be implemented?
A: It will be effective from the September 2026 billing period (payment date: October 15).
Q: Why are the payment terms being revised?
A: To address the severe environment in the construction industry (material price hikes, labor shortages) and strengthen the supply chain by improving the cash flow of cooperating companies.
Q: What are the benefits of eliminating bill payments and retention money?
A: Cooperating companies will be able to receive cash more quickly, reducing their cash flow burden.
Q: How does this change affect Okumura Corporation's management policy?
A: It demonstrates a policy aimed at strengthening relationships with the entire supply chain, based on the management philosophy of valuing "people," including cooperating companies, and aiming for sustainable growth.