Liquidity Risk Due to Deteriorating Financing Conditions
First written in FY2022. 8 of 13 entries say "Worsened", first in FY2023-Q1. Latest entry: 2026-11-11.
Shinwa moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 12 of 36 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- 2026-11-11WorsenedResults
「Cash and cash equivalents at the end of the interim consolidated accounting period, hereinafter referred to as “funds,” decreased by ¥870 million from the end of the previous consolidated fiscal year to ¥2,087 million.」
Cash and cash equivalents declined from ¥2,957 million at the end of the previous fiscal year to ¥2,087 million, indicating greater liquidity exposure. - FY2026-H1MitigatedAnnual report
「Cash and cash equivalents at the end of the current interim consolidated fiscal period, hereinafter referred to as "funds," increased by ¥808 million from the end of the previous consolidated fiscal year to ¥3,717 million.」
Cash and cash equivalents increased from ¥2,908 million at the previous fiscal year-end to ¥3,717 million, reducing liquidity exposure from the previous fiscal year-end. - FY2025WorsenedAnnual report
「Interest-bearing debt at the end of the current consolidated fiscal year amounted to ¥11,493.870 million, including ¥10,494.420 million in floating-rate borrowings.」
Interest-bearing debt and floating-rate borrowings increased significantly, and contractual cash flows on financial liabilities also amounted to ¥13,531.392 million. Cash stood at ¥2,908.656 million, increasing exposure to liquidity risk. - FY2025-H1WorsenedAnnual report
「Funds provided by financing activities during the current interim consolidated fiscal period amounted to ¥3,295 million, compared with an outflow of ¥745 million in the previous interim consolidated fiscal period. The main source of inflows was ¥3,900 million in proceeds from long-term borrowings.」
The Group raised ¥3,900 million through long-term borrowings to fund the acquisition of the Yagumi Group and other purposes, increasing borrowing exposure. Cash and cash equivalents remained at ¥1,844 million, up only ¥1 million from the previous fiscal year-end. - FY2024WorsenedAnnual report
「The balance of cash and cash equivalents at the end of the current consolidated fiscal year was ¥1,843 million.」
Cash and cash equivalents decreased by ¥220 million from ¥2,063 million at the previous fiscal year-end to ¥1,843 million, increasing exposure to liquidity risk. - FY2024-Q3WorsenedAnnual report
「Cash and cash equivalents at the end of the third quarter of the current consolidated fiscal year, hereinafter referred to as "funds," decreased by ¥409 million from the end of the previous consolidated fiscal year to ¥1,654 million.」
Cash and cash equivalents decreased from ¥2,409 million at the end of the previous quarter to ¥1,654 million, again increasing exposure to liquidity risk resulting from deterioration in the funding environment. - FY2024-Q2MitigatedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year, hereinafter referred to as "funds," increased by ¥346 million from the end of the previous consolidated fiscal year to ¥2,409 million.」
Cash and cash equivalents increased from ¥2,063 million at the previous consolidated fiscal year-end to ¥2,409 million, improving liquidity exposure from the FY2024-Q1 level. - FY2024-Q1WorsenedAnnual report
「Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year decreased by ¥265 million from the end of the previous consolidated fiscal year to ¥1,798 million.」
Cash and cash equivalents decreased by ¥265 million from the end of the previous consolidated fiscal year to ¥1,798 million. Exposure to liquidity risk resulting from deterioration in the funding environment has increased. - FY2023Down from the fiscal year-end, but up from the previous quarterAnnual report
「Cash and cash equivalents at the end of the current consolidated fiscal year amounted to ¥2,063 million, a decrease of ¥1,396 million from the previous consolidated fiscal year.」
Although cash and cash equivalents decreased by ¥1,396 million from the previous fiscal year-end, they increased from ¥1,938 million at the end of FY2023-Q3. Liquidity risk resulting from deterioration in the funding environment continues. - FY2023-Q3Cash up slightly from the previous quarter, but down from the fiscal year-endAnnual report
「Cash and cash equivalents at the end of the third quarter of the current consolidated fiscal year, hereinafter referred to as "funds," decreased by ¥1,522 million from the end of the previous consolidated fiscal year to ¥1,938 million.」
Although cash and cash equivalents decreased by ¥1,522 million from the end of the previous consolidated fiscal year, they increased slightly from ¥1,877 million at the end of the previous quarter, and liquidity risk continues. - FY2023-Q2WorsenedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year, hereinafter referred to as "funds," decreased by ¥1,583 million from the end of the previous consolidated fiscal year to ¥1,877 million.」
Cash and cash equivalents decreased by ¥1,583 million from the end of the previous consolidated fiscal year to ¥1,877 million, increasing exposure to liquidity risk resulting from deterioration in the funding environment. - FY2023-Q1WorsenedAnnual report
「Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year, hereinafter referred to as "funds," decreased by ¥1,357 million from the end of the previous consolidated fiscal year to ¥2,103 million.」
Cash and cash equivalents decreased by ¥1,357 million from the end of the previous consolidated fiscal year, increasing exposure to liquidity risk. - FY2022First statedAnnual report
「The Group raises funds through borrowings and other means, but is exposed to liquidity risk, meaning the risk that it may be unable to make payments when due because of deterioration in the funding environment or other factors.」
The disclosure separately identifies, for the first time, the liquidity risk of becoming unable to make payments because of deterioration in the funding environment for borrowings, as well as measures including updating funding plans, maintaining cash liquidity, and diversifying funding sources.