Liquidity Risk Associated with Borrowings for Working Capital and Capital Investment
First written in FY2018. 14 of 26 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-08-12.
Fukutome Meat Packers 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".
- 2026-08-12WorsenedEarnings
「The main factors were an increase of ¥285 million in merchandise and finished goods and a decrease of ¥694 million in cash and deposits.」
Cash and deposits decreased by ¥694 million, while short-term borrowings also increased by ¥100 million. - FY2026Coexistence of Increased Cash from Asset Sales and Reduced Funding CapacityAnnual report
「The balance of cash and cash equivalents at the end of the fiscal year was ¥2,053 million, an increase of ¥353 million from the end of the previous consolidated fiscal year.」
Cash and cash equivalents increased by ¥353 million through the sale of property, plant and equipment and investment securities, while ¥763 million was used in operating activities and undrawn overdraft facilities decreased from ¥2,300 million to ¥1,700 million. - FY2026-H1WorsenedAnnual report
「Cash and cash equivalents for the six months ended the interim period decreased by ¥460 million from the end of the previous consolidated fiscal year to ¥1,239 million, down 27.1% year on year.」
Cash and cash equivalents decreased by ¥460 million to ¥1,239 million. Short-term borrowings increased by ¥249 million, while undrawn overdraft facilities decreased from ¥2,300 million to ¥2,050 million. - FY2025WorsenedAnnual report
「Cash and cash equivalents decreased by ¥814 million from the end of the previous consolidated fiscal year to ¥1,700 million.」
Cash on hand decreased from ¥2,514 million to ¥1,700 million, a decrease of ¥814 million, while ¥239 million was used in operating activities. Short-term borrowings increased by ¥675 million, and undrawn overdraft facilities decreased from ¥2,592 million to ¥2,300 million. - FY2025-H1Decrease in cash on hand alongside an operating cash flow deficit and repayment of borrowingsAnnual report
「Cash and cash equivalents for the six months ended the interim period decreased by ¥648 million from the end of the previous consolidated fiscal year to ¥1,865 million, down 25.8% year on year. Cash used in financing activities was ¥322 million. The main factors were a net decrease of ¥100 million in short-term borrowings and an outflow of ¥204 million for repayment of long-term borrowings.」
Cash and cash equivalents decreased by ¥648 million and ¥190 million was also used in operating activities, while repayment of short-term and long-term borrowings progressed. - FY2024Cash increasing alongside an operating cash flow deficit and repayment of borrowingsAnnual report
「Cash used in operating activities was ¥178 million, compared with ¥49 million used in the previous consolidated fiscal year. The balance of cash and cash equivalents at the end of the fiscal year was ¥2,514 million, an increase of ¥365 million from the end of the previous consolidated fiscal year. Outflows for repayment of long-term borrowings were ¥325 million.」
Cash on hand increased by ¥365 million and ¥325 million of long-term borrowings was repaid, while cash flow used in operating activities was ¥178 million. - FY2024-Q3Cash, accounts receivable and short-term borrowings increasing concurrentlyAnnual report
「Current assets increased by ¥1,672 million from the end of the previous consolidated fiscal year to ¥7,819 million. The main factors were increases of ¥1,179 million in notes and accounts receivable and ¥348 million in cash and deposits. Current liabilities increased by ¥882 million from the end of the previous consolidated fiscal year to ¥8,269 million. The main factors were increases of ¥446 million in notes and accounts payable, ¥300 million in short-term borrowings, and ¥227 million in accounts payable-other.」
Cash and deposits increased by ¥348 million, while notes and accounts receivable increased by ¥1,179 million and short-term borrowings by ¥300 million, indicating that higher cash on hand and greater working capital and borrowing exposure coexisted. - FY2024-Q2Increase in cash on hand and operating cash flow deficit occurring concurrentlyAnnual report
「Cash and cash equivalents for the six months ended the second quarter increased by ¥124 million from the end of the previous consolidated fiscal year to ¥2,274 million, up 5.8% year on year. Cash used in operating activities was ¥237 million.」
Cash on hand increased by ¥124 million, partly due to cash generated from investing activities, including proceeds from the sale of investment securities, while ¥237 million was used in operating activities and the operating cash flow deficit continued. - FY2023-Q3WorsenedAnnual report
「Current assets increased by ¥975 million from the end of the previous consolidated fiscal year to ¥6,893 million. The main factors were an increase of ¥1,531 million in notes and accounts receivable and a decrease of ¥778 million in cash and deposits. Current liabilities increased by ¥1,296 million from the end of the previous consolidated fiscal year to ¥8,271 million. The main factors were increases of ¥644 million in notes and accounts payable, ¥500 million in short-term borrowings, and ¥244 million in other current liabilities.」
Cash and deposits decreased by ¥778 million, while notes and accounts receivable increased and short-term borrowings also increased by ¥500 million. The liquidity exposure expanded. - FY2023-Q2WorsenedAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥497 million from the end of the previous consolidated fiscal year to ¥1,686 million, down 22.8% year on year. Cash used in operating activities was ¥160 million, compared with ¥70 million in cash generated in the same period of the previous fiscal year.」
Cash and cash equivalents decreased by ¥497 million from the end of the previous fiscal year, while cash flow from operating activities changed from ¥70 million generated in the same period of the previous year to ¥160 million used. - FY2022MitigatedAnnual report
「The Company has sufficient funding capacity, including cash and deposits, investment securities that can be converted into cash in the short term, and undrawn amounts under overdraft agreements with its financial institutions.」
Although cash and other funds decreased from the end of the previous fiscal year, the disclosure states that funding capacity, including assets that can be converted into cash in the short term and undrawn overdraft facilities, remains sufficient. - FY2022-Q3WorsenedAnnual report
「The main factors were an increase of ¥1,238 million in notes and accounts receivable and a decrease of ¥478 million in cash and deposits.」
Cash and deposits decreased by ¥478 million, while notes and accounts receivable increased. Short-term borrowings also increased by ¥385 million, expanding the liquidity exposure. - FY2022-Q2Decrease in cash on hand and repayment of borrowings occurring concurrentlyAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥175 million from the end of the previous consolidated fiscal year to ¥2,339 million, down 7.0% year on year. Cash used in financing activities was ¥198 million, compared with ¥209 million used in the same period of the previous fiscal year. The main factor was an outflow of ¥161 million for repayment of long-term borrowings.」
Cash and cash equivalents decreased by ¥175 million, while an outflow of ¥161 million for repayment of long-term borrowings also occurred, indicating that lower cash on hand and repayment of borrowings coexisted. - FY2022-Q1MitigatedAnnual report
「The main factors were increases of ¥166 million in cash and deposits, ¥55 million in notes and accounts receivable, and ¥120 million in merchandise and finished goods.」
Cash and deposits increased by ¥166 million from the end of the previous consolidated fiscal year, increasing cash on hand from a liquidity perspective. - FY2021-Q3WorsenedAnnual report
「Cash and deposits at the end of the third quarter of the consolidated fiscal year increased by ¥86 million from the end of the previous consolidated fiscal year to ¥2,598 million. Short-term borrowings increased by ¥451 million and long-term borrowings by ¥234 million from the end of the previous consolidated fiscal year.」
Cash and deposits increased by ¥86 million, while short-term and long-term borrowings increased by a combined ¥685 million, expanding exposure to liquidity risk. - FY2021-Q2WorsenedAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥343 million from the end of the previous consolidated fiscal year to ¥2,048 million, down 14.4% year on year.」
Cash and cash equivalents decreased by ¥343 million from the end of the previous fiscal year, and liquidity exposure has persisted. - FY2020-Q3WorsenedAnnual report
「Current assets increased by ¥730 million from the end of the previous consolidated fiscal year to ¥7,915 million. The main factors were an increase of ¥899 million in notes and accounts receivable and a decrease of ¥338 million in cash and deposits.」
Cash and deposits decreased by ¥338 million, while short-term borrowings increased by ¥362 million, expanding the liquidity exposure. - FY2020-Q2WorsenedAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥301 million from the end of the previous consolidated fiscal year to ¥2,437 million, down 11.0% year on year.」
Cash and cash equivalents decreased by ¥301 million from the end of the previous fiscal year, while ¥545 million was also used in investing activities. - FY2020-Q1WorsenedAnnual report
「Current assets increased by ¥285 million from the end of the previous consolidated fiscal year to ¥7,470 million. The main factors were increases of ¥92 million in notes and accounts receivable, ¥161 million in merchandise and finished goods, and ¥88 million in raw materials and supplies, together with a ¥53 million decrease in cash and deposits.」
Cash and deposits decreased by ¥53 million, while working capital assets such as merchandise and raw materials increased. Short-term and long-term borrowings also increased, expanding the liquidity exposure. - FY2019WorsenedAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year decreased by ¥378 million from the end of the previous consolidated fiscal year to ¥2,738 million, down 12.1% year on year. Cash used in investing activities was ¥1,447 million, compared with ¥492 million used in the previous consolidated fiscal year.」
Cash and cash equivalents decreased by ¥378 million, while cash used in investing activities increased from ¥492 million in the previous fiscal year to ¥1,447 million. Financing activities included ¥1,400 million in proceeds from long-term borrowings. - FY2019-Q3Higher borrowings alongside higher cashAnnual report
「Current assets increased by ¥1,232 million from the end of the previous consolidated fiscal year to ¥8,719 million. The main factors were increases of ¥854 million in notes and accounts receivable, ¥123 million in merchandise and finished goods, and ¥122 million in cash and deposits. Current liabilities increased by ¥1,135 million from the end of the previous consolidated fiscal year to ¥9,049 million. The main factors were increases of ¥414 million in notes and accounts payable, ¥622 million in short-term borrowings, and ¥245 million in other current liabilities, together with a ¥93 million decrease in provision for bonuses.」
Cash and deposits increased by ¥122 million, while short-term borrowings increased by ¥622 million, indicating that higher borrowings and higher cash balances coexisted in terms of liquidity. - FY2019-Q2WorsenedAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥833 million from the end of the previous consolidated fiscal year to ¥2,282 million, down 26.8% year on year. Cash used in investing activities was ¥1,022 million.」
Cash and cash equivalents decreased by ¥833 million and ¥1,022 million was used in investing activities, expanding the liquidity exposure associated with borrowings and capital expenditures. - FY2019-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The disclosure states that there have been no material changes to existing risks, including liquidity risk associated with borrowings and capital expenditures. - FY2018First statedAnnual report
「Borrowings are used for working capital (primarily short-term) and capital expenditures (long-term), exposing the Company to liquidity risk. The Company manages this risk by preparing and updating cash flow plans, among other measures.」
The disclosure newly specifies the liquidity risks associated with borrowings for working capital and capital expenditures, and describes management through the preparation and updating of cash flow plans.