Liquidity risk related to borrowings and other liabilities
First written in FY2017. 16 of 32 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-15.
JMACS Japan moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
7 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Cash used in financing activities was ¥836.742 million, compared with cash provided of ¥1,019.392 million in the previous fiscal year. This was primarily due to decreases of ¥600 million in short-term borrowings and repayments of long-term borrowings of ¥174.544 million, among other factors.」
The Group repaid ¥600 million in short-term borrowings and ¥174.544 million in long-term borrowings, reducing the liquidity exposure arising from borrowings and other liabilities. - FY2026-H1MitigatedAnnual report
「Total liabilities at the end of the interim accounting period were ¥4,862.823 million, down ¥173.5 million from the end of the previous fiscal year. The main factors were decreases of ¥70.413 million in notes and accounts payable, ¥70.522 million in electronically recorded obligations and ¥83.496 million in long-term borrowings, among others.」
Long-term borrowings decreased by ¥83.496 million, while total liabilities also decreased by ¥173.5 million from the end of the previous fiscal year, reducing the liquidity exposure relating to borrowings and other liabilities. - FY2025WorsenedAnnual report
「Total liabilities at the end of the fiscal year were ¥5,036.323 million, up ¥441.539 million from the end of the previous fiscal year. This was primarily because increases from borrowings of ¥493.455 million and accrued consumption taxes and other taxes of ¥78.205 million, among other factors, exceeded decreases from trade payables of ¥148.602 million, among other factors.」
The increase of ¥493.455 million in borrowings increased total liabilities from the end of the previous fiscal year, expanding the liquidity exposure. - FY2025-H1RestatedAnnual report
「Cash used in financing activities during the interim accounting period was ¥29.974 million, compared with cash provided of ¥409.236 million in the same period of the previous year. This was primarily because decreases from repayments of long-term borrowings of ¥78.785 million and dividend payments of ¥39.154 million, among other factors, exceeded increases from proceeds from long-term borrowings of ¥91 million, among other factors.」
Proceeds from and repayments of long-term borrowings both occurred, resulting in cash used in financing activities. Liquidity exposure relating to borrowings and other liabilities continued to be disclosed. - FY2025-Q1RestatedAnnual report
「Total liabilities at the end of the first quarter were ¥4,541.597 million, down ¥53.186 million from the end of the previous fiscal year. The main factors were a decrease of ¥135.903 million in trade payables and an increase of ¥50.027 million in borrowings, among others.」
While total liabilities decreased, borrowings increased by ¥50.027 million, and liquidity exposure relating to borrowings and other liabilities continued to be disclosed. - FY2024WorsenedAnnual report
「Cash provided by financing activities was ¥857.866 million, compared with cash used of ¥670.654 million in the previous fiscal year. This was because increases primarily from proceeds from long-term borrowings of ¥900 million and a net increase in short-term borrowings of ¥200 million exceeded decreases primarily from repayments of long-term borrowings of ¥104.834 million and purchases of treasury shares of ¥91.766 million.」
Financing activities generated cash through ¥900 million in long-term borrowings and a ¥200 million net increase in short-term borrowings, increasing borrowings and other liabilities from ¥2,028.224 million at the end of the previous fiscal year to ¥3,081.311 million. - FY2024-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter were ¥4,530.125 million, up ¥1,076.924 million from the end of the previous fiscal year. The main factors were an increase of ¥34.261 million in trade payables, an increase of ¥1.1 billion in short-term borrowings and a decrease of ¥63.861 million in long-term borrowings, among others.」
Short-term borrowings increased by ¥1.1 billion to ¥1.8 billion, while total liabilities also increased by ¥1,076.924 million from the end of the previous fiscal year. The liquidity exposure arising from borrowings expanded from the level through the previous quarter. - FY2024-Q2RestatedAnnual report
「Total liabilities at the end of the second quarter were ¥3,643.577 million, up ¥190.376 million from the end of the previous fiscal year. The main factors were a decrease of ¥217.701 million in trade payables, an increase of ¥493.700 million in short-term borrowings and a decrease of ¥42.574 million in long-term borrowings, among others.」
The increase of ¥493.700 million in short-term borrowings and the increase of ¥190.376 million in total liabilities were disclosed, with the liquidity exposure arising from borrowings remaining high. - FY2024-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter were ¥3,741.666 million, up ¥288.465 million from the end of the previous fiscal year. The main factors were a decrease of ¥185.491 million in trade payables, an increase of ¥493.700 million in short-term borrowings and a decrease of ¥21.287 million in long-term borrowings, among others.」
Short-term borrowings increased by ¥493.700 million, while total liabilities also increased by ¥288.465 million from the end of the previous fiscal year, expanding the liquidity exposure relating to borrowings and other liabilities. - FY2023-Q3MitigatedAnnual report
「Total liabilities at the end of the third quarter were ¥3,631.785 million, down ¥473.530 million from the end of the previous fiscal year. The main factors were increases of ¥78.297 million in notes and accounts payable and ¥63.735 million in other current liabilities, and a decrease of ¥582.611 million in long-term borrowings, among others.」
Long-term borrowings decreased by ¥582.611 million, while total liabilities also decreased by ¥473.530 million, reducing the liquidity exposure arising from borrowings and other liabilities. - FY2023-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter were ¥3,920.750 million, down ¥184.565 million from the end of the previous fiscal year. The main factors were decreases of ¥47.361 million in notes and accounts payable, ¥127.700 million in electronically recorded obligations and ¥55.074 million in long-term borrowings, and an increase of ¥39.008 million in other current liabilities, among others.」
Total liabilities decreased by ¥184.565 million from the end of the previous fiscal year, while long-term borrowings also decreased by ¥55.074 million, reducing the liquidity exposure relating to borrowings and other liabilities. - FY2023-Q1MitigatedAnnual report
「Total liabilities at the end of the first quarter were ¥4,070.665 million, down ¥34.650 million from the end of the previous fiscal year. ... This was primarily due to a ¥27.537 million decrease in long-term borrowings, among other factors.」
Long-term borrowings decreased by ¥27.537 million, while total liabilities also decreased by ¥34.650 million from the end of the previous fiscal year, reducing the liquidity exposure arising from borrowings. - FY2022MitigatedAnnual report
「Cash used in financing activities was ¥191.629 million. This was because decreases primarily from repayments of long-term borrowings of ¥1,114.583 million and dividend payments of ¥42.074 million exceeded increases primarily from proceeds from long-term borrowings of ¥1 billion.」
Total borrowings decreased from ¥2,805.462 million at the end of the previous fiscal year to ¥2,656.879 million, reflecting progress in the repayment of long-term borrowings. - FY2022-Q3MitigatedAnnual report
「The main factors were increases of ¥156.639 million in notes and accounts payable and ¥118.010 million in electronically recorded obligations, and decreases of ¥34 million in short-term borrowings, ¥100.493 million in other current liabilities and ¥76.966 million in long-term borrowings, among others.」
Short-term borrowings decreased by ¥34 million and long-term borrowings by ¥76.966 million, reducing the liquidity exposure arising from borrowings from the end of the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「The main factors were an increase of ¥54.327 million in notes and accounts payable, and decreases of ¥34 million in short-term borrowings, ¥60.114 million in long-term borrowings and ¥88.678 million in other current liabilities, among others.」
Short-term borrowings decreased by ¥34 million and long-term borrowings by ¥60.114 million, while total liabilities decreased by ¥139.5 million from the end of the previous fiscal year. The liquidity exposure arising from borrowings decreased. - FY2022-Q1MitigatedAnnual report
「The main factors were decreases of ¥87.799 million in other current liabilities, ¥34 million in short-term borrowings and ¥30.682 million in long-term borrowings, and increases of ¥44.227 million in electronically recorded obligations and ¥24.740 million in provision for bonuses, among others.」
Short-term borrowings decreased by ¥34 million and long-term borrowings by ¥30.682 million, while total liabilities decreased by ¥76.381 million from the end of the previous consolidated fiscal year, reducing the liquidity exposure arising from borrowings. - FY2021MitigatedAnnual report
「Cash used in financing activities was ¥92.917 million, compared with cash provided of ¥893.333 million in the previous consolidated fiscal year. This was because decreases primarily from repayments of long-term borrowings of ¥110 million and dividend payments of ¥46.852 million exceeded increases primarily from proceeds from long-term borrowings of ¥80.907 million.」
As repayments of long-term borrowings progressed, total borrowings decreased from ¥2,850.554 million at the end of the previous fiscal year to ¥2,805.462 million. Exposure to liquidity risk decreased slightly. - FY2021-Q3WorsenedAnnual report
「The main factors were decreases of ¥162.297 million in notes and accounts payable, ¥17.370 million in electronically recorded obligations and ¥35.106 million in accrued income taxes and other taxes, and increases of ¥17 million in short-term borrowings and ¥22.080 million in provision for bonuses, among others.」
Short-term borrowings at the end of the third quarter increased by ¥17 million from the end of the previous consolidated fiscal year to ¥767 million, and the increase in liquidity exposure arising from borrowings was disclosed. - FY2021-Q2WorsenedAnnual report
「The main factors were decreases of ¥208.219 million in notes and accounts payable, ¥150.901 million in electronically recorded obligations, ¥24.721 million in accounts payable-other and ¥29.052 million in accrued income taxes and other taxes, and increases of ¥150 million in short-term borrowings and ¥13.378 million in provision for bonuses, among others.」
Short-term borrowings increased by ¥150 million from ¥750 million at the end of the previous consolidated fiscal year to ¥900 million, expanding the liquidity exposure. - FY2021-Q1WorsenedAnnual report
「The main factors were decreases of ¥337.893 million in notes and accounts receivable and ¥51.926 million in electronically recorded monetary claims, and increases of ¥146.924 million in cash and deposits and ¥61.357 million in merchandise and finished goods, among others.」
The discussion of the financial position states that short-term borrowings increased by ¥100 million from the end of the previous consolidated fiscal year to ¥850 million, expanding the liquidity exposure arising from borrowings. - FY2020WorsenedAnnual report
「This was because increases primarily from accrued income taxes and other taxes of ¥38.679 million and long-term borrowings of ¥1,990.554 million exceeded decreases primarily from notes and accounts payable of ¥66.195 million, short-term borrowings of ¥450 million and current maturities of long-term borrowings of ¥570 million.」
While short-term borrowings decreased, ¥1,990.554 million in long-term borrowings was recorded, increasing total borrowings from ¥1,880 million at the end of the previous fiscal year to ¥2,850.554 million. - FY2020-Q3WorsenedAnnual report
「Some of the Group's borrowings are subject to long-term loan agreements with financial institutions. If the Group breaches the financial covenants under these agreements, it may be required to make accelerated repayments of the borrowings, which could affect the Group's financial position.」
Under the borrowing agreement for the construction of the new plant, the drawn balance increased to ¥1,357.359 million. The financial covenants continue to require the maintenance of net assets above a specified level and prohibit ordinary profit or loss from being negative for 2 consecutive periods, among other conditions. - FY2020-Q2WorsenedAnnual report
「Risks relating to borrowings Some of the Group's borrowings are subject to long-term loan agreements with financial institutions. If the Group breaches the financial covenants under these agreements, it may be required to make accelerated repayments of the borrowings, which could affect the Group's financial position.」
The risk of accelerated repayment demands resulting from breaches of financial covenants has been identified as a separate business and other risk. Of the ¥1.7 billion total borrowing for the construction of the new plant, ¥900 million had been drawn, and the covenants relating to maintaining net assets and ordinary profit or loss have also been specified. - FY2020-Q1WorsenedAnnual report
「If the Group breaches the financial covenants under this agreement, it may be required to make accelerated repayments of the borrowings, which could affect the Group's financial position.」
The risk of being required to make accelerated repayments if financial covenants under the long-term borrowing agreement for the new plant are breached has been identified as a business and other risk. The total commitment is ¥1.7 billion, of which ¥450 million had been drawn at the end of the quarter. - FY2019WorsenedAnnual report
「The group entered into the following money-consumption loan agreements with financial institutions with the purpose of obtaining long-term borrowings.」
At period-end, short-term borrowings were ¥1,200 million and current maturities of long-term borrowings were ¥680 million. In addition, the ¥1.7 billion borrowing agreement to fund construction of the new plant and other purposes includes financial covenants subject to certain conditions. - FY2019-Q3WorsenedAnnual report
「The main factors were an increase of ¥23.021 million in notes and accounts payable, an increase of ¥450 million in short-term borrowings, an increase of ¥45.517 million in the provision for bonuses, a decrease of ¥160.669 million in electronic obligations, a decrease of ¥43.222 million in income taxes payable, and a decrease of ¥31.875 million in long-term borrowings, among others.」
Short-term borrowings increased by ¥450 million from the end of the previous fiscal year, bringing the balance at the end of the third quarter to ¥750 million. - FY2019-Q2WorsenedAnnual report
「During the six-month period ended the second quarter, cash used in operating activities was ¥102.916 million, compared with cash used of ¥35.471 million in the six-month period ended the second quarter of the previous fiscal year.」
Cash outflows from operating activities increased from ¥35.471 million in the same quarter of the previous year to ¥102.916 million. Short-term borrowings also stood at ¥600 million, indicating increased pressure on liquidity. - FY2019-Q1WorsenedAnnual report
「The main factors were an increase of ¥300 million in short-term borrowings, an increase of ¥30.302 million in the provision for bonuses, a decrease of ¥82.057 million in notes and accounts payable, a decrease of ¥58.129 million in electronic obligations, and a decrease of ¥40.106 million in income taxes payable, among others.」
Short-term borrowings increased by ¥300 million, bringing the balance to ¥600 million. The policy of managing liquidity through monthly cash flow plans has not changed, but the amount of financing obtained through borrowings has increased. - FY2018RestatedAnnual report
「Trade payables, other payables, and borrowings are exposed to liquidity risk related to financing, but the group manages its cash position by preparing monthly cash flow plans.」
The group recognizes liquidity risk relating to trade payables, other payables, and borrowings and continues to manage it through monthly cash flow plans. - FY2017First statedAnnual report
「Trade payables, other payables, and borrowings are exposed to liquidity risk related to financing, but the company manages its cash position by preparing monthly cash flow plans.」
The company recognizes liquidity risk relating to trade payables, other payables, and borrowings and manages it through monthly cash flow plans and the maintenance of cash on hand and other liquid assets.