Risks Related to Financing Costs and Financial Position
First written in FY2022. 3 of 8 entries say "Mitigated", first in FY2024-H1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Cash and cash equivalents at the end of the interim period were ¥860,903 thousand, a decrease of ¥297,999 thousand from the end of the prior fiscal year.」
Cash and cash equivalents fell by ¥297,999 thousand from the prior year-end, and cash flow from operating activities turned from an inflow of ¥198,333 thousand to an outflow of ¥287,603 thousand. The equity ratio was 87.6% and the current ratio was 806.9%. - 2026-05-15MitigatedEarnings presentation
「We have secured ¥1,016 million in cash and deposits and are maintaining sufficient liquidity for future growth investments.」
The company cited an equity ratio of 87.4% and cash and deposits of ¥1,016 million to explain the stability of its financial foundation and the liquidity available for growth investments. - FY2025Financial metrics changedAnnual report
「The equity ratio was 86.5% at the end of the fiscal year. The current ratio was 873.8% at the end of the fiscal year.」
The equity ratio rose from 83.2% at December 2024 to 86.5%, while the current ratio was 873.8%. Three consecutive loss-making years and negative operating cash flow were also disclosed, showing divergent trends in financial strength and profitability. - FY2025-H1MitigatedAnnual report
「The equity ratio was 88.3% at the end of the interim consolidated accounting period. The current ratio was 1,030.1%.」
The equity ratio rose from 83.2% at the prior fiscal year-end to 88.3%, and the current ratio was 1,030.1%. Although a material event related to going concern was recognized, the Company determined that it had no concern about funding over the next year. - FY2024-H1MitigatedAnnual report
「The equity ratio, which indicates corporate stability, was 81.4% at the end of the interim consolidated accounting period. The current ratio, which indicates payment capacity, was 575.1%.」
Following completion of the private placement, cash and deposits increased by ¥888,214 thousand and the equity ratio rose from 77.0% to 81.4%, indicating a stronger financial base. - FY2024-Q1Investment payback period and financial-base issues specifiedAnnual report
「The funds to be invested in the future are expected to require a medium- to long-term recovery period. The forecast for the fiscal year ending December 2024 also anticipates a net loss of ¥62 million for a second consecutive loss-making year. We recognize that strengthening equity and maintaining financial soundness during the investment period are important issues for the Company.」
The Company specified the need to strengthen equity and maintain financial soundness, given the expected medium- to long-term payback period for future investments and the projected ¥62 million net loss in the fiscal year ending December 2024. - FY2023-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the annual securities report for the prior fiscal year during the cumulative third-quarter period.」
No new business risks or material changes to existing risks were reported. - FY2022First statedAnnual report
「The Company currently finances the funds required for its business activities through borrowings from financial institutions. Although the current borrowings have no financial covenants or other special provisions, if funding costs rise due to higher interest rates or declining credit from financial institutions, this may affect the Company’s financial position and operating results.」
After eliminating negative net worth in fiscal 2020 through financing, the Company identified rising interest rates and declining creditworthiness leading to higher funding costs as risks.