Liability Growth Driven by Higher Borrowings and Declining Net Assets
First written in FY2018-Q3. . Latest entry: 2026-06-15.
3 other companies' latest entry also says "Other".
- 2026-06-15OtherEarnings
「Total liabilities at the end of the interim consolidated accounting period increased by ¥1,067.665 million, or 27.5%, from the end of the previous consolidated fiscal year to ¥4,952.045 million.」
Liabilities expanded due to increases in short-term borrowings, long-term borrowings, notes and accounts payable and other items. - FY2026-H1Increase in liabilities and decrease in net assetsAnnual report
「Total liabilities at the end of the interim consolidated period were ¥4,952.045 million, up ¥1,067.665 million (27.5%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥424.933 million in notes and accounts payable, ¥325.000 million in short-term borrowings, and ¥126.774 million in long-term borrowings. ... Total net assets were ¥2,152.313 million, down ¥22.074 million (1.0%) from the end of the previous consolidated fiscal year.」
Liabilities increased 27.5% due to increases in short-term and long-term borrowings, trade payables and other factors, while net assets decreased 1.0% due to dividends, the recognition of an interim net loss and other factors. - FY2025Higher liabilities and higher net assetsAnnual report
「Non-current liabilities were ¥1,854.635 million, up ¥270.103 million (17.0%) from the previous consolidated fiscal year. ... Net assets were ¥2,174.388 million, up ¥54.053 million (2.5%) from the end of the previous consolidated fiscal year.」
Liabilities increased due to long-term borrowings and other factors, while net assets also increased due to net income for the period and the issuance of new shares. - FY2025-H1Increase in liabilities and decrease in net assetsAnnual report
「Total liabilities at the end of the interim consolidated period were ¥4,552.076 million, up ¥994.889 million (28.0%) from the end of the previous consolidated fiscal year. ... Total net assets were ¥2,052.946 million, down ¥67.387 million (3.2%) from the end of the previous consolidated fiscal year.」
Liabilities increased 28.0% due to increases in short-term and long-term borrowings, trade payables and other factors, while net assets decreased 3.2% due to dividends and the recognition of an interim net loss. - FY2024-Q2Increase in liabilities and decrease in net assetsAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥4,276.359 million, up ¥686.438 million (19.1%) from the end of the previous consolidated fiscal year. ... Total net assets were ¥2,051.377 million, down ¥30.946 million (1.5%) from the end of the previous consolidated fiscal year.」
Liabilities increased 19.1% due to increases in short-term and long-term borrowings, trade payables and other factors, while net assets decreased 1.5% due to dividends and a quarterly net loss attributable to owners of the parent. - FY2024-Q1Decline in assets, liabilities and net assetsAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥5,192.174 million, down ¥480.070 million (8.5%) from the end of the previous consolidated fiscal year. This was due mainly to decreases of ¥112.975 million in cash and deposits, ¥471.490 million in notes and accounts receivable, and ¥234.700 million in electronically recorded monetary claims, partly offset by a ¥293.507 million increase in inventories.」
Assets decreased 8.5%, liabilities decreased 6.7%, and net assets also decreased 11.6%. The quarterly net loss and dividends contributed to the decrease in net assets. - FY2023Lower liabilities and higher net assetsAnnual report
「Current liabilities were ¥2,109.056 million, down ¥638.049 million (23.2%) from the end of the previous consolidated fiscal year. ... Non-current liabilities were ¥1,480.864 million, down ¥179.015 million (10.8%) from the previous consolidated fiscal year. ... Net assets were ¥2,082.324 million, up ¥414.870 million (24.9%) from the end of the previous consolidated fiscal year.」
Liabilities decreased due to repayments of short-term and long-term borrowings and other factors, while net assets increased 24.9% due to a private placement, the recognition of profit and other factors. - FY2023-Q3Lower liabilities and higher net assetsAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥3,940.121 million, down ¥466.865 million (△10.6%) from the end of the previous consolidated fiscal year. This was due mainly to decreases of ¥197.391 million in notes and accounts payable and ¥232.514 million in long-term borrowings, despite an increase of ¥110.000 million in short-term borrowings. / Total net assets were ¥1,962.588 million, up ¥295.134 million (17.7%) from the end of the previous consolidated fiscal year. This was due to increases of ¥172.352 million in share capital and ¥172.352 million in capital surplus, partly offset by dividend payments and the recognition of a quarterly net loss attributable to owners of the parent.」
Liabilities decreased 10.6% due to decreases in long-term borrowings and other factors, while net assets increased 17.7% due mainly to increases in share capital and capital surplus associated with a private placement and the exercise of stock acquisition rights. - FY2023-Q2Continued increases in liabilities and net assetsAnnual report
「Total assets at the end of the second quarter of the current consolidated fiscal year were ¥6,513.649 million, up ¥439.208 million (7.2%) from the end of the previous consolidated fiscal year. ... Total liabilities were ¥4,607.685 million, up ¥200.698 million (4.6%) from the end of the previous consolidated fiscal year. ... Total net assets were ¥1,905.963 million, up ¥238.509 million (14.3%) from the end of the previous consolidated fiscal year.」
Assets increased 7.2%, liabilities increased 4.6%, and net assets increased 14.3%. Share capital and capital surplus increased due to a private placement, resulting in an increase in net assets from the end of the previous fiscal year. - FY2023-Q1Decline in assets, liabilities and net assetsAnnual report
「Total assets for the first quarter of the current consolidated fiscal year were ¥5,116.303 million, down ¥958.137 million (15.8%) from the end of the previous consolidated fiscal year. ... Total liabilities were ¥3,676.190 million, down ¥730.796 million (16.6%) from the end of the previous consolidated fiscal year. ... Total net assets were ¥1,440.112 million, down ¥227.341 million (13.6%) from the end of the previous consolidated fiscal year.」
Assets decreased 15.8% due to decreases in cash and accounts receivable, among other factors, while liabilities decreased 16.6% due to decreases in trade payables and long-term borrowings, among other factors. Net assets also decreased 13.6% due to dividends and a quarterly net loss. - FY2022Continued increases in assets, liabilities and net assetsAnnual report
「Total assets were ¥6,074.440 million, total liabilities were ¥4,406.986 million, and total net assets were ¥1,667.454 million.」
Assets increased 19.2% from the end of the previous fiscal year, liabilities increased 14.5%, and net assets increased 33.9%, due to capital investment and the consolidation of Iyo Nousan, among other factors. - FY2022-Q3Increase in Assets, Liabilities and Net AssetsAnnual report
「Total assets at the end of the third quarter of the current consolidated fiscal year were ¥6,305.656 million, up ¥1,211.449 million (23.8%) from the end of the previous consolidated fiscal year. / Total liabilities were ¥4,799.438 million, up ¥950.419 million (24.7%) from the end of the previous consolidated fiscal year. / Total net assets were ¥1,506.217 million, up ¥261.029 million (21.0%) from the end of the previous consolidated fiscal year.」
Assets increased 23.8% due to increases in work in process, raw materials, buildings and other assets, while liabilities increased 24.7% due to short-term and long-term borrowings, trade payables and other factors. Net assets increased 21.0% due to increases in share capital, capital surplus and other factors. - FY2022-Q2Increase in Assets, Liabilities and Net AssetsAnnual report
「Total assets at the end of the second quarter of the current consolidated fiscal year were ¥6,551.538 million, up ¥1,457.331 million (28.6%) from the end of the previous consolidated fiscal year. ... Total liabilities were ¥5,077.625 million, up ¥1,228.606 million (31.9%) from the end of the previous consolidated fiscal year. ... Total net assets were ¥1,473.913 million, up ¥228.725 million (18.4%) from the end of the previous consolidated fiscal year.」
Assets increased 28.6% due to increases in notes and accounts receivable and property, plant and equipment. Liabilities also increased 31.9% due to borrowings, trade payables and other factors. Net assets increased 18.4% due to an increase in capital and other factors. - FY2022-Q1Lower liabilities and higher net assetsAnnual report
「Total liabilities for the first quarter of the current consolidated fiscal year were ¥3,533.348 million, down ¥315.670 million (8.2%) from the end of the previous consolidated fiscal year. ... Total net assets for the first quarter of the current consolidated fiscal year were ¥1,394.965 million, up ¥149.777 million (12.0%) from the end of the previous consolidated fiscal year.」
Liabilities decreased 8.2% from the end of the previous consolidated fiscal year, while net assets increased 12.0%. The increase in share capital and capital surplus associated with the share exchange contributed to the increase in net assets. - FY2021Increase in liabilities, recovery in net assetsAnnual report
「Non-current liabilities were ¥1,504.187 million, up ¥509.876 million (51.3%) from the previous consolidated fiscal year. This was due mainly to a ¥421.101 million increase in long-term borrowings resulting from the procurement of capital and working funds for new facilities at the head-office farm, among other factors. ... Net assets were ¥1,245.188 million, up ¥107.025 million (9.4%) from the end of the previous consolidated fiscal year.」
Non-current liabilities and long-term borrowings increased as funds were raised for capital investment at the head-office farm and elsewhere, while net assets increased 9.4% due to an increase in retained earnings. - FY2021-Q3Increase in liabilities and fixed assets, with a slight increase in net assetsAnnual report
「Total assets at the end of the third quarter of the current consolidated fiscal year were ¥5,145.468 million, up ¥483.113 million (10.4%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥278.102 million in work in process, ¥77.486 million in raw materials and supplies, and ¥391.896 million in buildings and structures. / Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥3,991.808 million, up ¥467.615 million (13.3%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥64.709 million in notes and accounts payable, ¥503.720 million in long-term borrowings, and ¥15.288 million in asset retirement obligations. / Total net assets at the end of the third quarter of the current consolidated fiscal year were ¥1,153.660 million, up ¥15.498 million (1.4%) from the end of the previous consolidated fiscal year.」
Assets increased 10.4% due to capital investment and other factors, including a ¥391.896 million increase in buildings and structures. Liabilities increased 13.3%, mainly due to a ¥503.720 million increase in long-term borrowings, while net assets increased 1.4%. - FY2021-Q2Increase in liabilities and fixed assets, with an increase in net assetsAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥4,033.454 million, up ¥509.260 million (14.5%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥549.860 million in long-term borrowings, ¥85.391 million in notes and accounts payable, and ¥36.875 million in accounts payable and other liabilities. / Total net assets at the end of the second quarter of the current consolidated fiscal year were ¥1,160.630 million, up ¥22.468 million (2.0%) from the end of the previous consolidated fiscal year.」
Liabilities increased 14.5%, mainly reflecting an increase in long-term borrowings associated with capital investment and other factors. Net assets increased 2.0% due to the recognition of quarterly net income attributable to owners of the parent and other factors. - FY2021-Q1Decrease in liabilities, with a larger decline in net assetsAnnual report
「Total liabilities for the first quarter of the current consolidated fiscal year were ¥3,359.725 million, down ¥164.467 million (4.7%) from the end of the previous consolidated fiscal year. This was due mainly to decreases of ¥180.947 million in notes and accounts payable and ¥229.317 million in electronically recorded obligations, despite an increase of ¥233.092 million in long-term borrowings. / Total net assets for the first quarter of the current consolidated fiscal year were ¥840.918 million, down ¥297.244 million (26.1%) from the end of the previous consolidated fiscal year.」
Liabilities decreased 4.7%, although long-term borrowings increased. Net assets decreased 26.1% due to dividends, the recognition of a quarterly net loss attributable to owners of the parent, and other factors. - FY2020-Q3Increase in liabilities and fixed assets, with a larger decline in net assetsAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥3,173.458 million, up ¥795.345 million (33.4%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥185.930 million in notes and accounts payable, ¥377.930 million in short-term borrowings, ¥169.651 million in long-term borrowings, and ¥73.673 million in accounts payable and other liabilities. / Total net assets at the end of the third quarter of the current consolidated fiscal year were ¥1,209.551 million, down ¥128.123 million (9.6%) from the end of the previous consolidated fiscal year.」
Assets increased 18.0% in connection with capital investment and other factors, while liabilities increased 33.4% and net assets decreased 9.6%. The increase in short-term and long-term borrowings also accelerated. - FY2020-Q2Higher liabilities and fixed assets, lower net assetsAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥3,350.839 million, up ¥972.726 million (40.9%) from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥285.832 million in notes and accounts payable, ¥250.000 million in short-term borrowings, ¥237.224 million in long-term borrowings, and ¥159.186 million in accounts payable and other liabilities. / Total net assets at the end of the second quarter of the current consolidated fiscal year were ¥1,231.155 million, down ¥106.520 million (8.0%) from the end of the previous consolidated fiscal year.」
Assets increased 23.3% due to capital investment and other factors, while liabilities increased 40.9% and net assets decreased 8.0%. Both short-term and long-term borrowings also increased. - FY2020-Q1Decline in liabilities and further decline in net assetsAnnual report
「Total liabilities for the first quarter of the current consolidated cumulative period decreased by ¥114 million, or 4.8%, from the end of the previous consolidated fiscal year to ¥2,264 million. This was mainly due to decreases of ¥25 million in notes and accounts payable, ¥150 million in electronically recorded obligations, and ¥59 million in long-term borrowings. Total net assets for the first quarter of the current consolidated cumulative period decreased by ¥209 million, or 15.6%, from the end of the previous consolidated fiscal year to ¥1,128 million.」
Liabilities decreased 4.8% from the end of the previous fiscal year, while net assets decreased 15.6% due to dividends, the recognition of a quarterly net loss attributable to owners of the parent, and other factors. - FY2019Slight increase in liabilities and slight decrease in net assetsAnnual report
「Total liabilities were ¥2,378 million, up from ¥2,371 million at the end of the previous consolidated fiscal year. … Total net assets were ¥1,338 million, down from ¥1,340 million at the end of the previous consolidated fiscal year.」
Liabilities increased 0.3% from the end of the previous fiscal year, while net assets decreased 0.2%. Short-term borrowings decreased, whereas electronically recorded obligations and current maturities of long-term borrowings increased. - FY2019-Q3Liabilities continued to increase and net assets continued to decreaseAnnual report
「Total liabilities at the end of the third quarter of the current consolidated accounting period increased by ¥183 million, or 7.7%, from the end of the previous consolidated fiscal year to ¥2,554 million. This was mainly due to increases of ¥68 million in notes and accounts payable, ¥65 million in long-term borrowings, and ¥60 million in other accounts payable. Total net assets at the end of the third quarter of the current consolidated accounting period decreased by ¥65 million, or 4.8%, from the end of the previous consolidated fiscal year to ¥1,276 million.」
Liabilities increased 7.7% from the end of the previous fiscal year due to higher long-term borrowings and other factors, while net assets decreased 4.8% due to dividend payments and the recognition of a quarterly net loss attributable to owners of the parent. - FY2019-Q2Liabilities increased and net assets decreased againAnnual report
「Total liabilities at the end of the second quarter of the current consolidated accounting period increased by ¥659 million, or 27.8%, from the end of the previous consolidated fiscal year to ¥3,030 million. This was mainly due to increases of ¥254 million in notes and accounts payable, ¥100 million in short-term borrowings, ¥132 million in long-term borrowings, and ¥162 million in other accounts payable. Total net assets at the end of the second quarter of the current consolidated accounting period decreased by ¥61 million, or 4.5%, from the end of the previous consolidated fiscal year to ¥1,279 million.」
Liabilities increased 27.8% due to higher short-term and long-term borrowings and other factors, while net assets decreased 4.5%. - FY2019-Q1Both liabilities and net assets decreasedAnnual report
「Total liabilities for the first quarter of the current consolidated cumulative period decreased by ¥263 million, or 11.0%, from the end of the previous consolidated fiscal year to ¥2,108 million. This was mainly due to decreases of ¥178 million in notes and accounts payable and ¥52 million in long-term borrowings. Total net assets for the first quarter of the current consolidated cumulative period decreased by ¥189 million, or 14.1%, from the end of the previous consolidated fiscal year to ¥1,151 million.」
Liabilities decreased from the end of the previous fiscal year, mainly due to lower long-term borrowings, while net assets also decreased due to dividends and the recognition of a quarterly net loss attributable to owners of the parent. - FY2018Liabilities continued to increase; net assets turned upwardAnnual report
「Total liabilities were ¥2,391 million, up from ¥2,312 million at the end of the previous consolidated fiscal year. Meanwhile, total net assets were ¥1,340 million, up from ¥1,329 million at the end of the previous consolidated fiscal year.」
Liabilities increased due to higher short-term and long-term borrowings, while net assets turned from a decrease in the previous fiscal year to an increase. - FY2018-Q3First statedAnnual report
「Liabilities increased by ¥275 million, or 11.9%, from the end of the previous consolidated fiscal year to ¥2,586 million. This was mainly due to increases of ¥66 million in notes and accounts payable, ¥50 million in short-term borrowings, ¥128 million in long-term borrowings, and ¥76 million in other accounts payable. Net assets decreased by ¥85 million, or 6.4%, from the end of the previous consolidated fiscal year to ¥1,244 million.」
Compared with the end of the previous consolidated fiscal year, liabilities increased 11.9%, with both short-term and long-term borrowings increasing, while net assets decreased 6.4%.