Increases in Advances and Borrowings and the Risk of Non-Recovery of Receivables
First written in FY2025. 1 of 3 entries say "Worsened", first in FY2026. Latest entry: 2026-09-10.
The whole theme swung hardest in 2025: 7 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-09-10MitigatedFinancial results
「This was mainly due to a ¥101,476 thousand decrease in accounts receivable and a ¥501,527 thousand decrease in advances for wages and other compensation, reflecting the cool summer, the situation in the Middle East, and lower handling volumes at certain major logistics companies, together with a ¥560,021 thousand decrease in cash and deposits resulting from the reduction in short-term borrowings and other factors.」
The company reported decreases of ¥501,527 thousand in advances and ¥1,200 million in short-term borrowings, while also citing the effects of the cool summer, the situation in the Middle East, and lower handling volumes at major logistics companies. - FY2026WorsenedAnnual report
「While short-term borrowings increased from ¥11,110 million at the end of the ninth consolidated fiscal year to ¥13,500 million at the end of the tenth consolidated fiscal year, advance-payment receivables also increased from ¥11,845 million to ¥12,612 million, causing the balance sheet to expand.」
Both advance-payment receivables and short-term borrowings increased, reaching ¥12,612 million and ¥13,500 million, respectively. The company also discloses the risks of higher interest rates, difficulty in financing, collection problems and financial covenants. - FY2025First statedAnnual report
「While short-term borrowings to fund advance payments increased from ¥10,500 million at the end of the eighth fiscal year to ¥11,110 million at the end of the ninth consolidated fiscal year, advance-payment receivables also increased substantially from ¥9,747 million to ¥11,845 million, causing the balance sheet to expand rapidly.」
The company identifies increases in advance-payment receivables and short-term borrowings accompanying business expansion, as well as rising interest rates, difficulty in financing and collection problems involving clients and collection agencies, as risks.