Liquidity Risk Associated with Financing
First written in FY2022. 2 of 6 entries say "Mitigated", first in FY2023. Latest entry: 2026-07-13.
Merf moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
25 other companies' latest entry also says "Worsened".
- 2026-07-13WorsenedRevision of earnings forecasts
「This was mainly due to increases of ¥981 million in trade payables, ¥4.458 billion in interest-bearing debt and ¥1.197 billion in income taxes payable, partly offset by a decrease of ¥235 million in other current liabilities.」
Interest-bearing debt increased by ¥4.458 billion, indicating greater reliance on borrowings to secure liquidity. - FY2026-H1WorsenedAnnual report
「The funds used in operating activities during the current interim consolidated accounting period amounted to ¥1.578 billion, compared with proceeds of ¥2.678 billion in the same period of the previous year.」
Operating cash flow turned from an inflow in the same period of the previous year into an outflow, while financing activities generated a net increase of ¥450 million in short-term borrowings and proceeds of ¥1.6 billion from long-term borrowings. Both the securing of liquidity and dependence on borrowings are indicated. - FY2025MitigatedAnnual report
「Cash provided by operating activities was ¥2,322 million (compared with ¥827 million provided in the same period of the prior year).」
Operating cash flow increased and short-term borrowings also decreased by ¥1.7 billion, improving the liquidity position from the situation in the previous interim period, when short-term borrowings had increased. - FY2025-H1Increase in operating cash flow alongside an increase in short-term borrowingsAnnual report
「Cash provided by operating activities during the six months ended the interim consolidated accounting period was ¥2,678 million (compared with ¥1,899 million provided in the same period of the prior year).」
Operating cash flow generated ¥2.678 billion in proceeds, while short-term borrowings increased by ¥2.9 billion on a net basis in financing activities, indicating that securing liquidity coincided with an increase in borrowings. - FY2023MitigatedAnnual report
「The Group manages liquidity risk by preparing and updating cash flow plans in a timely manner, among other methods.」
The company explicitly describes its management method of preparing and updating cash flow plans in a timely manner, providing greater detail on its response to liquidity risk. - FY2022First statedAnnual report
「Management of liquidity risk related to funding, namely the risk of being unable to make payments when due.」
The liquidity risk of being unable to settle funds when payment is due has been explicitly disclosed for the first time as an item under financial instrument risk management.