Liquidity Risk Related to Trade Payables and Borrowings, etc.
First written in FY2017. 10 of 31 entries say "Materialised", first in FY2019-Q2. Latest entry: 2026-08-14.
Sds Holdings moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
25 other companies' latest entry also says "Worsened".
- 2026-08-14WorsenedEarnings
「Liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥396 million from the end of the previous consolidated fiscal year to ¥5,292 million. This was mainly due to an increase of ¥369 million in short-term borrowings and a decrease of ¥79 million in accounts payable and other current liabilities, among other factors.」
Total liabilities increased, and short-term borrowings also rose by ¥369 million, increasing borrowing exposure to liquidity risk. - FY2026WorsenedAnnual report
「Current liabilities at the end of the current consolidated fiscal year were ¥2,686 million, up ¥397 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥228 million increase in short-term borrowings, a ¥29 million increase in current maturities of long-term borrowings, and a ¥104 million increase in advances received. Non-current liabilities were ¥2,209 million, up ¥532 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥542 million increase in long-term borrowings.」
Both current and non-current liabilities increased, with short-term borrowings rising by ¥228 million and long-term borrowings by ¥542 million. Exposure to liquidity risk related to trade payables and borrowings has increased. - FY2026-H1WorsenedAnnual report
「At the end of the six-month consolidated accounting period, liabilities had increased by ¥542 million from the end of the previous consolidated fiscal year to ¥4,509 million. This was mainly due to increases of ¥52 million in accounts payable, ¥428 million in short-term borrowings and ¥139 million in long-term borrowings, including the current portion of long-term borrowings, together with a decrease of ¥78 million in accounts payable and other liabilities, among other factors.」
Total liabilities increased by ¥542 million from the end of the previous fiscal year, with short-term borrowings increasing by ¥428 million and long-term borrowings and other liabilities by ¥139 million. Exposure to liquidity risk through borrowings has increased. - FY2025WorsenedAnnual report
「Current liabilities at the end of the current consolidated fiscal year totaled ¥2,289 million, an increase of ¥510 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥431 million in short-term borrowings, ¥28 million in long-term borrowings due for repayment within one year and ¥79 million in accounts payable, among other factors.」
Current liabilities increased by ¥510 million from the end of the previous fiscal year, including increases of ¥431 million in short-term borrowings and ¥28 million in current portions of long-term borrowings. Long-term borrowings under non-current liabilities also increased by ¥456 million, expanding the company's borrowing exposure to liquidity risk. - FY2025-H1Decline in liabilities and changes in borrowing compositionAnnual report
「Liabilities at the end of the interim consolidated accounting period decreased by ¥43 million from the end of the previous consolidated fiscal year to ¥2,963 million. This was mainly attributable to decreases in advances received of ¥12 million and long-term other payables of ¥31 million, among other items.」
Total liabilities decreased by ¥43 million. However, ¥1,374.866 million in short-term borrowings and ¥1,126.751 million in long-term borrowings remained outstanding, and liquidity risk and cash flow management continue to be areas of focus. - FY2024MitigatedAnnual report
「Current liabilities at the end of the current consolidated fiscal year were ¥1,778 million, down ¥703 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥643 million decrease in short-term borrowings, a ¥12 million decrease in current maturities of long-term borrowings, and a ¥65 million decrease in accounts payable and other liabilities.」
Current liabilities decreased by ¥703 million from the end of the previous fiscal year, and short-term borrowings also decreased from ¥2,021 million to ¥1,377.4 million. Interest-bearing liabilities, including long-term borrowings, remain outstanding, and liquidity management through cash flow planning continues. - FY2024-Q3MitigatedAnnual report
「At the end of the third quarter of the fiscal year, liabilities had decreased by ¥847 million from the end of the previous consolidated fiscal year to ¥2,988 million. This was mainly due to decreases of ¥571 million in short-term borrowings and ¥229 million in long-term borrowings, including the current portion of long-term borrowings.」
Short-term borrowings decreased by ¥571 million and long-term borrowings and other debt by ¥229 million, while total liabilities also decreased by ¥847 million from the end of the previous fiscal year. Borrowing exposure to liquidity risk declined, but ¥2,988 million in liabilities remained outstanding. - FY2024-Q2MitigatedAnnual report
「At the end of the cumulative second quarter, liabilities decreased ¥348 million from the end of the previous consolidated fiscal year to ¥3,486 million. This was mainly due to decreases of ¥164 million in short-term borrowings and ¥160 million in long-term borrowings, including long-term borrowings due for repayment within 1 year.」
Short-term borrowings decreased by ¥164 million and long-term borrowings and other debt by ¥160 million, while total liabilities also decreased by ¥348 million from the end of the previous fiscal year. Borrowing exposure to liquidity risk declined, but ¥3,486 million in liabilities remained outstanding at the end of the period. - FY2024-Q1MaterialisedAnnual report
「Liabilities at the end of the first quarter of the current consolidated accounting period increased by ¥65 million from the end of the previous consolidated fiscal year to ¥3,900 million. This was mainly due to a ¥150 million increase in short-term borrowings and a ¥66 million decrease in accounts payable and other liabilities.」
Short-term borrowings increased by ¥150 million, and total liabilities increased by ¥65 million from the end of the previous fiscal year. Exposure to liquidity risk has become concrete through additional borrowings and increased liabilities. - FY2023MaterialisedAnnual report
「Net cash provided by financing activities during the current consolidated fiscal year was ¥1,287 million. This was mainly due to proceeds of ¥3,382 million from borrowings and repayments of borrowings of ¥2,298 million.」
Including borrowings associated with the consolidation of Yellow Capital Orchestra Co., Ltd., the Company received ¥3,382 million in borrowings and repaid ¥2,298 million. Liquidity risk has become concrete in the form of substantial borrowings and repayments. - FY2023-Q3MaterialisedAnnual report
「At the end of the third quarter of the fiscal year, liabilities had increased by ¥3,034 million from the end of the previous consolidated fiscal year to ¥3,359 million. This was mainly due to increases in short-term borrowings of ¥1,649 million and long-term borrowings of ¥1,388 million, including the current portion of long-term borrowings, resulting from the inclusion of 株式会社イエローキャピタルオーケストラ as a newly consolidated subsidiary, among other factors.」
With the addition of a new consolidated subsidiary, short-term borrowings increased by ¥1,649 million and long-term borrowings and other liabilities by ¥1,388 million, resulting in a ¥3,034 million increase in liabilities from the end of the previous consolidated fiscal year. Exposure to liquidity risk continues to materialize specifically through increased borrowings. - FY2023-Q2MaterialisedAnnual report
「Liabilities at the end of the second quarter increased by ¥2,915 million from the end of the previous consolidated fiscal year to ¥3,240 million. This was mainly due to increases including ¥1,526 million in short-term borrowings resulting from the inclusion of 株式会社イエローキャピタルオーケストラ as a newly consolidated subsidiary, and ¥1,355 million in long-term borrowings, including long-term borrowings due for repayment within one year.」
Short-term borrowings increased by ¥1,526 million and long-term borrowings and other liabilities increased by ¥1,355 million in connection with the consolidation of a new subsidiary, resulting in a ¥2,915 million increase in liabilities from the end of the previous fiscal year. Exposure to liquidity risk has materialized in the form of increased borrowings. - FY2023-Q1MaterialisedAnnual report
「At the end of the first quarter of the current fiscal year, liabilities increased by ¥2,587 million from the end of the previous consolidated fiscal year to ¥2,912 million. This was mainly due to increases in short-term borrowings of ¥1,255 million and long-term borrowings, including long-term borrowings due for repayment within one year, of ¥1,400 million, following the inclusion of 株式会社イエローキャピタルオーケストラ as a newly consolidated subsidiary.」
Following the inclusion of a new subsidiary in the consolidated accounts, short-term borrowings increased by ¥1,255 million and long-term borrowings and other liabilities by ¥1,400 million, making the exposure to liquidity risk more concrete through the increase in borrowings. - FY2022MitigatedAnnual report
「Trade payables and borrowings are exposed to liquidity risk, which is managed by preparing cash flow projections and using other methods.」
Management of liquidity risk through cash flow planning has continued. With no short-term borrowings outstanding, cash and cash equivalents increased from ¥112 million in the previous year to ¥469 million, reducing the burden of borrowings. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding liquidity risk related to trade payables, borrowings and other liabilities. - FY2021Zero borrowings outstanding; risks continueAnnual report
「Trade payables and borrowings are exposed to liquidity risk, which is managed by preparing cash flow projections and using other methods.」
The Company continues to manage liquidity risk related to trade payables and borrowings through its cash flow plan. Although the balance of short-term borrowings was zero at the end of the current consolidated fiscal year, cash and cash equivalents had declined to ¥112 million. - FY2021-Q3MitigatedAnnual report
「Liabilities at the end of the third quarter decreased by ¥560 million from the end of the previous consolidated fiscal year to ¥151 million. This was mainly due to decreases of ¥299 million in accounts payable and ¥200 million in short-term borrowings, among other factors.」
Liabilities decreased by ¥560 million, and short-term borrowings fell from ¥200 million at the end of the previous consolidated fiscal year to zero. Although the funding burden associated with liquidity risk remains, outstanding borrowings have declined. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is explained that there have been no material changes in liquidity risk relating to trade payables, borrowings and other liabilities. While the balance of short-term borrowings was zero at the end of the period, cash and cash equivalents stood at ¥170 million. - FY2020RestatedAnnual report
「Trade payables and borrowings are exposed to liquidity risk, which is managed by preparing cash flow projections and using other methods.」
The company continues to recognize liquidity risk related to trade payables and borrowings and describes management through cash flow planning. Short-term borrowings stood at ¥200 million. - FY2020-Q3MaterialisedAnnual report
「Short-term borrowings 40,666 200,000」
The balance of short-term borrowings increased from ¥40 million at the end of the previous consolidated fiscal year to ¥200 million. Although long-term borrowings and other liabilities decreased following exclusion from consolidation, funding needs have materialized as short-term borrowings. - FY2020-Q2MaterialisedAnnual report
「This was mainly due to decreases of ¥59 million in accounts payable and ¥21 million in long-term borrowings, increases of ¥162 million in short-term borrowings, ¥42 million in advances received and ¥13 million in trade payables, and the recording of a ¥91 million provision for losses on the sale of shares in an affiliated company in connection with this share transfer.」
Short-term borrowings increased by ¥162 million, and liabilities increased by ¥213 million from the end of the previous consolidated fiscal year. Funding needs continue to be addressed through additional borrowing. - FY2020-Q1MaterialisedAnnual report
「For the purpose of stabilizing cash flow, on 24 May 2019 the Company borrowed ¥200 million from its largest shareholder, Yoshino Akiki (井元 義昭), who is currently a director.」
A ¥200 million borrowing was executed to stabilize cash flow, making liquidity risk concrete in the form of additional borrowings. - FY2019-Q3MaterialisedAnnual report
「However, because delays in the planned recovery of funds continued and additional costs were incurred to strengthen internal controls, funding became necessary and borrowings needed to continue. The company therefore agreed with the lenders and resolved to extend the repayment deadlines again as set out below.」
Funding needs continued because of delays in the planned recovery of funds and costs to strengthen internal controls, and the repayment deadline for ¥300 million of borrowings was extended again to 31 March 2019. Liquidity risk has materialized in the form of another extension of the repayment deadline. - FY2019-Q2MaterialisedAnnual report
「However, as the need to pay for business funds subsequently increased and additional costs arose to strengthen the internal control system, the Company required still more funds and needed to continue borrowing. It therefore agreed with the lender and resolved to extend the repayment date again as follows.」
Borrowing has continued due to increased funding needs for the business and higher costs for strengthening the internal control structure, and the repayment date for a ¥300 million borrowing was extended again. Liquidity risk has materialised in the form of financing needs and extensions of repayment deadlines. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year regarding liquidity risk related to operating liabilities, borrowings and other items. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year regarding liquidity risk related to operating liabilities, borrowings and other items. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year regarding liquidity risk related to operating liabilities, borrowings and other items. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year regarding liquidity risk related to operating liabilities, borrowings and other items. - FY2017First statedAnnual report
「Trade payables, borrowings and advances received are exposed to liquidity risk, which we manage by preparing cash flow projections and through other measures.」
The Company identifies liquidity risk relating to trade payables, borrowings and advances received and describes management through cash flow planning.