Reduced liquidity headroom due to large contracts and mismatched collection and payment terms
First written in FY2024. 3 of 4 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were disclosed to the risk of reduced liquidity headroom due to large contracts and mismatched collection and payment terms. - FY2025RestatedAnnual report
「The Group manages liquidity risk by having the responsible department prepare and update cash-flow plans in a timely manner and by maintaining on-hand liquidity.」
The Group continues to recognize liquidity risk arising from the difference between collection periods for trade receivables and payment terms for trade payables and manages it through cash-flow planning and on-hand liquidity. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were disclosed to the risk of reduced liquidity headroom due to large contracts and mismatched collection and payment terms. - FY2024First statedAnnual report
「Although payment terms for trade payables are trending slightly shorter, if business expansion results in many large contracts with long collection periods for trade receivables, liquidity headroom could become constrained. We will therefore consider further diversification of financing, including direct financing.」
The risk arises if shorter payment terms coincide with longer collection periods on large contracts. The Company is considering diversified financing, including direct financing.