Improving the Financial Position
First written in FY2016. 18 of 37 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026.
Kanmonkai moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Lower liabilities, higher net assets and lower cashAnnual report
「Assets decreased by ¥606 million from the end of the previous consolidated fiscal year to ¥2,710 million. Liabilities decreased by ¥723 million to ¥1,303 million. Net assets increased by ¥117 million to ¥1,407 million.」
Liabilities decreased by ¥723 million due to repayments, and net assets increased by ¥117 million due to net income, while cash and deposits decreased by ¥629 million. - 2026-05-15AdvancedEarnings
「Equity ratio (%) 8.4 11.8 19.8 38.9 51.9」
The equity ratio rose from 38.9% in the fiscal year ended March 2025 to 51.9%, while net assets increased to ¥1,407 million. - FY2026-H1Reduction in liabilities alongside decreases in net assets and cashAnnual report
「Liabilities at the end of the interim consolidated accounting period decreased by ¥241 million from the end of the previous consolidated fiscal year to ¥1,785 million. Net assets at the end of the interim consolidated accounting period decreased by ¥181 million from the end of the previous consolidated fiscal year to ¥1,107 million.」
Liabilities decreased by ¥241 million due to repayments of short-term and long-term borrowings and other factors, while net assets decreased by ¥181 million due to the interim net loss. Cash and deposits also decreased by ¥708 million. - FY2025Reduction in liabilities and increase in net assets alongside a decrease in cashAnnual report
「Liabilities decreased by ¥1,666 million from the end of the previous consolidated fiscal year to ¥2,027 million. Net assets increased by ¥378 million from the end of the previous consolidated fiscal year to ¥1,289 million.」
Liabilities decreased substantially due to repayments and other factors, while net assets and the equity ratio increased. Cash and deposits, however, decreased by ¥1,070 million. Multiple changes occurred simultaneously in the financial foundation. - FY2025-H1Decrease in cash and net assets alongside a reduction in liabilitiesAnnual report
「Total assets at the end of the interim consolidated accounting period decreased by ¥1,525 million from the end of the previous consolidated fiscal year to ¥3,078 million. Liabilities at the end of the interim consolidated accounting period decreased by ¥1,408 million from the end of the previous consolidated fiscal year to ¥2,285 million. Net assets at the end of the interim consolidated accounting period decreased by ¥117 million from the end of the previous consolidated fiscal year to ¥793 million.」
Total assets and net assets decreased, mainly due to a ¥1,558 million decrease in cash and deposits, while liabilities also decreased by ¥1,408 million due to repayments of existing borrowings and other factors. Improvements and deterioration occurred simultaneously in the financial foundation. - FY2024AdvancedAnnual report
「Liabilities decreased by ¥593 million from the end of the previous consolidated fiscal year to ¥3,693 million. Net assets increased by ¥337 million from the end of the previous consolidated fiscal year to ¥910 million.」
Liabilities decreased by ¥593 million, while net assets increased by ¥337 million to ¥910 million. The equity ratio also rose to 19.8%. - FY2024-Q3AdvancedAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal period decreased by ¥677 million from the end of the previous consolidated fiscal year to ¥3,609 million. Net assets at the end of the third quarter of the current consolidated fiscal period increased by ¥245 million from the end of the previous consolidated fiscal year to ¥818 million.」
Liabilities decreased by ¥677 million due to repayments of short-term borrowings and other debt, while net assets increased by ¥245 million due to the recognition of quarterly net income. - FY2024-Q2Contraction of assets and liabilities alongside a decrease in net assetsAnnual report
「Total assets at the end of the second quarter of the current consolidated fiscal period decreased by ¥917 million from the end of the previous consolidated fiscal year to ¥3,942 million. Although there were increases, including a ¥46 million increase in property, plant and equipment due to store renovations and other factors, a ¥19 million increase in accrued consumption tax and other items included in other current assets, and an ¥11 million increase in other receivables, these were outweighed by decreases, including a ¥796 million decrease in cash and deposits, a ¥96 million decrease in accounts receivable, and a ¥95 million decrease in merchandise and finished goods.」
Total assets decreased by ¥917 million due to decreases in cash, accounts receivable and inventories. While liabilities also decreased by ¥834 million, net assets decreased by ¥83 million to ¥490 million, with multiple changes occurring simultaneously in the financial foundation. - FY2024-Q1AdvancedAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal period decreased by ¥859 million from the end of the previous consolidated fiscal year to ¥3,427 million. Although there were increases, including a ¥90 million increase in long-term borrowings due to refinancing, this was mainly due to decreases, including a ¥680 million decrease in current portion of long-term borrowings and short-term borrowings resulting from repayments. Net assets at the end of the first quarter of the current consolidated fiscal period increased by ¥13 million from the end of the previous consolidated fiscal year to ¥586 million.」
Repayments of short-term borrowings and other debt progressed alongside refinancing, reducing liabilities by ¥859 million. Net assets also increased by ¥13 million, indicating a numerical improvement in the financial position. - FY2023AdvancedAnnual report
「We will work to strengthen the financial foundation by securing cash through improved business performance, inventory optimization and other measures.」
Net assets increased by ¥206 million from the end of the previous period to ¥573 million, the equity ratio was 11.8%, and cash and cash equivalents also increased to ¥2,810 million. The financial foundation recovered numerically, but the equity ratio remained at a low level. - FY2023-Q3WorsenedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal period decreased by ¥57 million from the end of the previous consolidated fiscal year to ¥308 million.」
Net assets decreased from ¥366 million at the end of the previous period to ¥308 million, a decrease of ¥57 million, and the equity ratio also declined from 8.4% to 6.8%. - FY2023-Q2WorsenedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal period decreased by ¥326 million from the end of the previous consolidated fiscal year to ¥39 million.」
Net assets decreased from ¥366 million at the end of the previous period to ¥39 million, a decrease of ¥326 million, and the equity ratio also declined from 8.4% to 1.0%. The deterioration relative to the target for improving the financial position progressed. - FY2023-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal period decreased by ¥164 million from the end of the previous consolidated fiscal year to ¥201 million. This was due to a ¥164 million decrease in retained earnings accompanying the recognition of a quarterly net loss attributable to owners of the parent, reflecting the impact of COVID-19 and other factors, as well as a ¥1 million decrease from the purchase of stock acquisition rights, among other factors.」
Net assets decreased by ¥164 million from the end of the previous period to ¥201 million, and the equity ratio also declined from 8.4% to 4.9%. The deterioration relative to the target for improving the financial position has continued. - FY2022AdvancedAnnual report
「Net assets increased by ¥30 million from the end of the previous consolidated fiscal year to ¥366 million.」
Net assets increased by ¥30 million from ¥336 million to ¥366 million, and the equity ratio also rose from 7.6% to 8.4%. The financial position showed a numerical recovery, but remained at a low level. - FY2022-Q3WorsenedAnnual report
「Net assets (¥ thousand) 322,864 Equity ratio (%) 7.0」
Net assets decreased by ¥13 million from ¥336 million at the end of the previous consolidated fiscal year to ¥322 million, and the equity ratio also declined from 7.6% to 7.0%. - FY2022-Q2WorsenedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal period decreased by ¥220 million from the end of the previous consolidated fiscal year to ¥116 million.」
Net assets decreased from ¥336 million at the end of the previous period to ¥116 million, and the equity ratio also declined from 7.6% to 2.9%. The deterioration relative to the target for improving the financial position has continued. - FY2022-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal period decreased by ¥123 million from the end of the previous consolidated fiscal year to ¥213 million. This was mainly due to a decrease in retained earnings resulting from the recognition of a quarterly net loss attributable to owners of the parent, reflecting the impact of COVID-19, among other factors.」
Net assets decreased by ¥123 million from the end of the previous period to ¥213 million, and the equity ratio also declined from 7.6% to 5.2%. The deterioration relative to the target for improving the financial position has continued. - FY2021WorsenedAnnual report
「Net assets decreased by ¥353 million from the end of the previous consolidated fiscal year to ¥336 million.」
Net assets decreased by ¥353 million from ¥689 million to ¥336 million, and the equity ratio also declined from 17.7% to 7.6%. Operating cash flow was an outflow of ¥787 million, and the deterioration of the financial foundation continued. - FY2021-Q3WorsenedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal period decreased by ¥590 million from the end of the previous consolidated fiscal year to ¥98 million. This reflected an increase of ¥2 million from the issuance of stock acquisition rights, but mainly a decrease in retained earnings resulting from the recognition of a quarterly net loss attributable to owners of the parent, among other factors.」
Net assets decreased by ¥590 million from the end of the previous period to ¥98 million, and the equity ratio also declined to 2.2%. The financial position deteriorated as the quarterly net loss outweighed the increase from the issuance of stock acquisition rights. - FY2021-Q2WorsenedAnnual report
「Net assets (¥ thousand) 151,780 Equity ratio (%) 3.7」
Net assets decreased by ¥537 million from the end of the previous consolidated fiscal year to ¥151 million, and the equity ratio also declined from 17.7% to 3.7%. The deterioration relative to the target for improving the financial position has progressed. - FY2021-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal period decreased by ¥365 million from the end of the previous consolidated fiscal year to ¥323 million. This was mainly due to a decrease in retained earnings resulting from the recognition of a quarterly net loss attributable to owners of the parent, reflecting the decline in net sales due to the impact of COVID-19, among other factors.」
Net assets decreased by ¥365 million from the end of the previous period to ¥323 million, and the equity ratio also declined from 17.7% to 8.5%. This indicates a deterioration relative to the target for improving the financial position. - FY2020WorsenedAnnual report
「Net assets decreased by ¥378 million to ¥689 million from the end of the previous fiscal year. Although the exercise of stock acquisition rights increased share capital and capital reserves by ¥102 million, net assets declined mainly because the recognition of ¥478 million in net loss attributable to owners of the parent reduced retained earnings.」
Net assets decreased by ¥378 million, and the equity ratio declined from 25.8% to 17.7%, indicating deterioration relative to the goal of strengthening the financial base. - FY2020-Q3WorsenedAnnual report
「Net assets at the end of the three months ended Q3 decreased by ¥200 million from the end of the previous consolidated fiscal year to ¥867 million, due mainly to a decrease in retained earnings resulting from the recognition of quarterly net loss attributable to owners of the parent.」
Net assets decreased by ¥200 million from the end of the previous fiscal year to ¥867 million, and the equity ratio declined from 25.8% to 19.0%. - FY2020-Q2WorsenedAnnual report
「Net assets at the end of the three months ended Q2 decreased by ¥306 million from the end of the previous consolidated fiscal year to ¥762 million, due mainly to a decrease in retained earnings resulting from the recognition of quarterly net loss attributable to owners of the parent.」
Net assets decreased by ¥306 million from ¥1,068 million at the end of the previous fiscal year to ¥762 million, and the equity ratio declined from 25.8% to 18.6%. - FY2020-Q1WorsenedAnnual report
「Net assets at the end of the three months ended Q1 decreased by ¥125 million from the end of the previous consolidated fiscal year to ¥943 million, due mainly to a decrease in retained earnings resulting from the recognition of quarterly net loss attributable to owners of the parent.」
Net assets decreased by ¥125 million from the end of the previous fiscal year to ¥943 million, and the equity ratio declined from 25.8% to 24.5%. - FY2019-Q3Higher net assets and lower equity ratio following the capital increaseAnnual report
「Net assets at the end of the three months ended Q3 increased by ¥86 million from the end of the previous consolidated fiscal year to ¥951 million. This mainly reflected increases of ¥100 million in share capital and ¥100 million in capital surplus associated with the capital increase, despite decreases including a ¥113 million reduction in retained earnings resulting from the recognition of quarterly net loss attributable to owners of the parent.」
Although the capital increase increased net assets by ¥86 million from the end of the previous fiscal year, the equity ratio declined from 21.9% to 21.1%. - FY2019-Q2WorsenedAnnual report
「Net assets at the end of the three months ended Q2 decreased by ¥242 million from the end of the previous consolidated fiscal year to ¥622 million, due to a decrease in retained earnings resulting from the recognition of quarterly net loss attributable to owners of the parent.」
Recognition of quarterly net loss reduced net assets by ¥242 million from the end of the previous fiscal year to ¥622 million, and the equity ratio declined from 21.9% to 15.9%. - FY2019-Q1WorsenedAnnual report
「Net assets at the end of the three months ended Q1 decreased by ¥113 million from the end of the previous consolidated fiscal year to ¥751 million.」
Recognition of quarterly net loss reduced net assets by ¥113 million, and the equity ratio declined from 21.9% at the end of the previous fiscal year to 19.9%. - FY2018AdvancedAnnual report
「Net assets increased by ¥34 million from the end of the previous fiscal year to ¥865 million, mainly due to an increase in retained earnings from the recognition of net income attributable to the parent.」
Net assets increased by ¥34 million from the end of the previous fiscal year to ¥865 million, and the equity ratio rose from 20.4% to 21.9%. Securing operating cash flow to strengthen the financial base in preparation for future growth-related funding needs remains an issue. - FY2018-Q3AdvancedAnnual report
「Net assets (¥ thousands) 687,369 Equity ratio (%) 14.7」
Net assets and the equity ratio recovered from ¥536,401 thousand and 13.5% at the end of Q2 to ¥687,369 thousand and 14.7% at the end of Q3, respectively. However, the equity ratio remained below the 20.4% recorded at the end of the previous fiscal year. - FY2018-Q2WorsenedAnnual report
「Net assets (¥ thousands) 536,401 Equity ratio (%) 13.5」
Net assets and the equity ratio declined from ¥830,790 thousand and 20.4% at the end of the previous fiscal year to ¥536,401 thousand and 13.5%, respectively, at the end of Q2. - FY2018-Q1WorsenedAnnual report
「Net assets (¥ thousands) 683,521 Equity ratio (%) 18.2」
Net assets and the equity ratio declined from ¥830,790 thousand and 20.4% at the end of the previous fiscal year to ¥683,521 thousand and 18.2%, respectively, at the end of Q1, indicating a deterioration in the financial position. - FY2017RestatedAnnual report
「In July, the company received total proceeds of approximately ¥500 million through a third-party allotment of shares. In September, negotiations with financial institutions enabled it to execute a syndicated loan with revised borrowing terms one year ahead of schedule, improving the outstanding issues and creating an environment conducive to flexible fund-raising going forward.」
While confirming the improvement in its financial position through the third-party allotment of shares and syndicated loan, the company identified addressing funding needs associated with its future growth plan as an issue. - FY2017-Q3RestatedAnnual report
「With the primary objectives of strengthening its financial position and securing stable working capital, the company received total proceeds of approximately ¥500 million through a third-party allotment of shares in July. It subsequently arranged a syndicated loan in September and revised its borrowing terms, which had been an important management issue. As a result, the company secured working capital on a stable and efficient basis, made it easier to raise funds flexibly going forward, and its financial position has improved.」
The company continued to explain the improvement in its financial position through the third-party allotment of shares and syndicated loan. The equity ratio at fiscal year-end was 14.6%. - FY2017-Q2AdvancedAnnual report
「With the primary objectives of strengthening its financial position and securing stable working capital, the company received total proceeds of approximately ¥500 million through a third-party allotment of shares in July. It subsequently arranged a syndicated loan in September and revised its borrowing terms, which had been an important management issue. As a result, the company secured working capital on a stable and efficient basis, made it easier to raise funds flexibly going forward, and improved its financial position.」
The company disclosed an improvement in its financial position following the arrangement of a syndicated loan after the third-party allotment of shares and the revision of borrowing terms. - FY2017-Q1AdvancedAnnual report
「With the primary objectives of strengthening its financial position and securing stable working capital, the company resolved on 22 June to conduct a third-party allotment of shares and received total proceeds of approximately ¥500 million on 13 July.」
The company resolved on and carried out a third-party allotment of shares to strengthen its financial position and secure working capital, receiving proceeds of approximately ¥500 million. - FY2016First statedAnnual report
「As the group's financial position remains fragile, it will continue to pursue business policies focused on returning to its roots, aiming to improve performance and strengthen its financial position by securing operating cash flow through inventory optimisation, while also considering borrowing terms and other measures.」
Given its fragile financial position, the company has identified performance improvement, inventory optimisation and consideration of borrowing terms as key measures.