SHINTO Holdings (2776) · RiskDropped
Risk of a working capital shortfall due to increased orders in the trading business
First written in FY2019-Q3. 1 of 2 entries say "Dropped", first in FY2019. Latest entry: FY2019.
2entries
2years
0from disclosures
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Same theme, other companies
Working Capital Shortfall Caused by Increased Orders and Advance Purchase Payments in the Trading BusinessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2019DroppedAnnual reportThe full-year report contains no specific description that can be confirmed regarding the risk of a working capital shortfall caused by increased orders in the trading business and the lack of progress in exercising the stock acquisition rights.
- FY2019-Q3First statedAnnual report
「The Company came to expect orders exceeding the initial plan, resulting in an increase in the purchase consideration it would advance. However, the exercise of the stock acquisition rights had not progressed for ¥40 million of the funds raised through the stock acquisition rights that had initially been planned for working capital for the trading business, creating a risk of a working capital shortfall in that business.」
The trading business was expected to receive orders exceeding the initial plan, increasing advance payments for purchases, while the planned ¥40 million funding through stock acquisition rights had not progressed, creating a risk of a working capital shortfall. The Company is addressing this through a ¥215 million loan secured by real estate for sale and a change in the use of funds.