Working Capital Burden and Financing Risk Associated with Import Transactions
First written in FY2016. 9 of 24 entries say "Restated". Latest entry: FY2026.
Shinyei Kaisha moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Liabilities decreased as interest-bearing debt was substantially reduced through profit generation, sales of investment securities and fixed assets, and other factors.」
Short- and long-term borrowings decreased by ¥1,327 million from the end of the previous fiscal year, reducing the funding burden through sales of investment securities and fixed assets and profit generation despite an increase in working capital. - FY2026-H1MitigatedAnnual report
「This was mainly due to a decrease of ¥1,049 million in short- and long-term borrowings.」
Lower inventories and a ¥1,049 million decrease in short- and long-term borrowings reduced the working capital and funding burdens associated with import transactions and other activities from the end of the previous fiscal year. - FY2025-H1MitigatedAnnual report
「This was mainly due to decreases of ¥440 million in trade receivables, ¥245 million in cash and deposits, ¥236 million in investment securities as a result of lower market values, and ¥229 million in inventories. Liabilities stood at ¥17,673 million, a decrease of ¥1,287 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥823 million in short- and long-term borrowings.」
Lower trade receivables and inventories, together with an ¥823 million decrease in short- and long-term borrowings, reduced the working capital and funding burdens associated with import transactions and other activities from the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, assets stood at ¥25,844 million, an increase of ¥1,684 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,055 million in investment securities as a result of higher market values and ¥740 million in trade receivables. Liabilities stood at ¥19,742 million, an increase of ¥234 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥243 million in short- and long-term borrowings.」
Trade receivables increased by ¥740 million and short- and long-term borrowings by ¥243 million, indicating an increase in the working capital and funding burdens. - FY2023MitigatedAnnual report
「Although working capital increased due to these factors, liabilities declined as interest-bearing debt was reduced through the recognition of profit and other measures.」
Although the working capital burden from higher inventories and trade receivables remained, short- and long-term borrowings were reduced by ¥352 million through profit generation and other factors, reducing the funding burden from the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, assets stood at ¥25,199 million, an increase of ¥1,613 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,210 million in trade receivables, ¥436 million in inventories and ¥392 million in investment securities as a result of higher market values. Liabilities stood at ¥20,887 million, an increase of ¥732 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,061 million in short- and long-term borrowings, despite a decrease of ¥615 million in trade payables.」
Higher trade receivables and inventories increased the working capital burden, while short- and long-term borrowings also rose by ¥1,061 million. The funding burden associated with import transactions and other activities continues to increase. - FY2023-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, assets stood at ¥24,204 million, an increase of ¥618 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥348 million in trade receivables and ¥240 million in inventories. Liabilities stood at ¥20,484 million, an increase of ¥329 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥667 million in short- and long-term borrowings and ¥270 million in contract liabilities included in other current liabilities, despite decreases of ¥497 million in trade payables and ¥128 million in provision for bonuses.」
In addition to higher trade receivables and inventories, short- and long-term borrowings increased by ¥667 million, increasing the working capital and funding burdens associated with import transactions and other activities. - FY2022WorsenedAnnual report
「Assets at the end of the consolidated fiscal year increased by ¥2,393 million from the end of the previous consolidated fiscal year. This was due to increases of ¥1,679 million in merchandise and finished goods, ¥210 million in raw materials and supplies, and ¥463 million in trade receivables, among other factors. Long-term and short-term borrowings increased by ¥1,307 million.」
Higher inventories and trade receivables increased the working capital burden, while short- and long-term borrowings also rose by ¥1,307 million. Funding costs have shifted from debt reduction in the previous fiscal year to an increase in the funding burden. - FY2022-Q3WorsenedAnnual report
「Assets at the end of the nine-month consolidated accounting period were ¥23,827 million, an increase of ¥2,633 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,632 million in notes and accounts receivable and contract assets compared with notes and accounts receivable at the end of the previous consolidated fiscal year, as well as an increase of ¥954 million in merchandise and finished goods. Liabilities were ¥20,766 million, an increase of ¥2,246 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,370 million in long-term and short-term borrowings and ¥233 million in notes and accounts payable, despite decreases of ¥185 million in the provision for bonuses and ¥181 million in the provision for environmental measures.」
The increase in trade receivables and inventories and the ¥2,370 million increase in long-term and short-term borrowings expanded the working capital and financing burden associated with import transactions and other activities from the end of the previous fiscal year. - FY2022-Q2WorsenedAnnual report
「Assets at the end of the six-month consolidated accounting period were ¥21,992 million, an increase of ¥798 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥677 million in merchandise and finished goods and ¥173 million in raw materials and supplies.」
Inventories increased in total, and cash flow from operating activities was an outflow of ¥1,008 million. Long-term and short-term borrowings also increased by ¥998 million, expanding the working capital and financing burden associated with import transactions and other activities. - FY2022-Q1WorsenedAnnual report
「Liabilities totaled ¥18,836 million, an increase of ¥317 million from the end of the previous fiscal year. This mainly reflected decreases of ¥230 million in the provision for bonuses and ¥139 million in trade payables, partly offset by a ¥640 million increase in short- and long-term borrowings.」
Long-term and short-term borrowings related to working capital requirements and financing increased by ¥640 million, expanding the funding burden from the end of the previous fiscal year. - FY2021MitigatedAnnual report
「The Group reduced interest-bearing debt as earnings were recorded, working capital requirements mainly in the food-related business declined, and capital expenditure was kept within depreciation and amortisation. For the fiscal year ending March 2022, the Group planned to continue keeping capital expenditure within depreciation and amortisation in principle, while making investments aimed at expanding future earnings and anticipating increased working capital requirements as sales grow. Through securing earnings and other measures, the Group planned to reduce interest-bearing debt or minimise any increase.」
Interest-bearing debt was reduced through lower working capital requirements and restrained capital expenditure, and the Group stated that its funding policy for the fiscal year ending March 2022 would generally keep capital expenditure within depreciation and amortisation. - FY2021-Q2MitigatedAnnual report
「This was mainly due to decreases of ¥784 million in merchandise and finished goods and ¥418 million in notes and accounts receivable. Long-term and short-term borrowings also decreased by ¥287 million, among other factors.」
The disclosure reports a reduction in working capital requirements resulting from lower inventories and trade receivables, as well as a ¥287 million decrease in long-term and short-term borrowings, indicating progress in addressing the funding burden associated with import transactions. - FY2020MitigatedAnnual report
「The Group reduced interest-bearing debt as working capital requirements in the food-related and textile-related businesses declined. For the fiscal year ending March 2021, the Group adopted as a general principle that capital expenditure would remain within depreciation and amortisation, and planned to continue reducing interest-bearing debt overall by securing earnings.」
Interest-bearing debt was reduced by ¥1,103 million, mainly as a result of lower working capital requirements. For the fiscal year ending March 2021, the Group established the principle of keeping capital expenditure within depreciation and amortisation and planned additional debt reduction. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2019-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2019-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2019-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2018-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2018-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2018-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2017RestatedAnnual report
「At present, there are no impediments to financing through borrowings and bonds. However, major future changes in the financial system or financial conditions, or changes in the lending stance of the Group's financial institutions, could affect financing and borrowing terms.」
While maintaining the structure of working capital requirements and interest-bearing debt arising from import transactions, the disclosure states that there are currently no impediments to financing. - FY2017-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, there were no significant changes in matters relating to the business or financial situation described in this quarterly securities report that could have a material impact on investors' decisions, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. There were no material events or other matters.」
The disclosure states that there have been no material changes concerning working capital requirements and funding risks associated with import transactions. - FY2016First statedAnnual report
「The Group has a high proportion of businesses that import products for supply to domestic customers. Because the payment period for imported products is shorter than the collection period for domestic sales, working capital requirements arise and interest-bearing debt is relatively high.」
The difference between payment terms for imports and collection terms for domestic sales is described as creating a structural increase in working capital requirements and interest-bearing debt.