Liberaware (218A) · RiskRestatedLatest Occurring Fact (2026-09-28): "Mitigated"
Cash Flow Risk from Reliance on National Project Subsidies and Upfront Expenditures
First written in FY2024. 3 of 7 entries say "Materialised", first in 2026-06-12. Latest entry: 2026-09-28.
7entries
3years
5from disclosures
How it moved
Same theme, other companies
Risk of R&D delays due to dependence on national projects and subsidiesA theme 4 companies write about · 4 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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Full recordFilings, disclosures and news, newest first
- FY2025RestatedAnnual report
「Because the funds required for R&D activities arise each time R&D is conducted, expenditures must be incurred before subsidies and other funding are received.」
The company continues to disclose the liquidity risk of incurring R&D expenses before receiving subsidies for government projects. - FY2024First statedAnnual report
「Because the funds required for R&D activities arise each time R&D is conducted, expenditures must be incurred before subsidies and other funding are received.」
The company states that the likelihood of occurrence is low, the timing is medium term and the impact is severe. Cash flow management and coordination with financial institutions are listed as measures to address the risk.