Revision of Payment Terms for Partner Companies (Abolition of Bill Payments and Retention Money)

Key facts

  • Revision of Payment Terms for Partner Companies (Abolition of Bill Payments and Retention Money)
  • 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.
  • Source: PR Times
  • Date: June 12, 2026

Direct answer

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.

Citation
Revision of Payment Terms for Partner Companies (Abolition of Bill Payments and Retention Money) (June 12, 2026), PR Times
Source
PR Times
Date
June 12, 2026
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.

📋 Article Processing Timeline

  • 📰 Published: June 12, 2026 at 18:00
  • 🔍 Collected: June 12, 2026 at 09:21
  • 🤖 AI Analyzed: June 12, 2026 at 16:52 (7h 31m after Collected)
Okumura Corporation (Headquarters: Abeno-ku, Osaka; President: Takamasa Okumura) announces that it has decided to abolish bill payments (including debt assumption methods) and retention money, and to implement "full cash payment" for payment terms to its partner companies, effective from the September 2026 billing period (payment date: October 15).

This revision of payment terms is intended to improve the cash flow of partner companies and build more stable partnerships, thereby strengthening the entire supply chain, amid an increasingly severe environment surrounding the construction industry, such as soaring prices of materials and equipment, and future labor shortages.

The Okumura Group promotes its business activities under the management philosophy of "Contributing broadly to society through the development of our business as a company that continues to be needed by society, with 'sound management' and 'sincere construction' as our tenets." We will continue to value all "people," including our partner companies, and aim for sustainable growth.

≪Changes in Payment Terms≫

Current Practice

Revised Practice

Bill Payments

Issuance Standard: 10 million yen or more

Payment Period: 60 days

Abolished (Full Cash Payment)

Retention Money

Until completion of contracted work

10% of progress payment retained

Abolished

≪To Our Partner Companies≫

Details regarding procedures, etc., will be announced separately on our company's payment notification web service.

FAQ

What are the main changes in Okumura Corporation's payment terms revision?

Bill payments and retention money will be abolished, transitioning to full cash payment. This will improve the cash flow for cooperating companies.

When will this change be implemented?

It will be effective from the September 2026 billing period (payment date: October 15).

Why are the payment terms being revised?

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.

What are the benefits of eliminating bill payments and retention money?

Cooperating companies will be able to receive cash more quickly, reducing their cash flow burden.

How does this change affect Okumura Corporation's management policy?

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.