Impact of Increased Borrowings on Financial Condition and Cash Flow
First written in FY2020. 9 of 23 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-07.
Dijet Industrial moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「The main factors behind changes in current liabilities were increases of ¥170 million in notes and accounts payable, ¥193 million in electronically recorded obligations, ¥149 million in short-term borrowings, and ¥342 million in accrued expenses, partly offset by a ¥146 million decrease in the provision for bonuses. The main factors behind changes in non-current liabilities were increases of ¥194 million in long-term borrowings and ¥110 million in deferred tax liabilities.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, and the financial risk associated with higher borrowings emerged in the actual results. - FY2026MitigatedAnnual report
「As of the fiscal year ending March 2026, the Group's borrowings were ¥4,125 million (short-term borrowings of ¥1,664 million and long-term borrowings of ¥2,461 million), representing 23.9% of total assets, and future financial conditions may affect the Group's business performance and cash flow.」
Borrowings decreased from ¥4,308 million in the previous fiscal year, or 27.0% of total assets, and the trend toward improving the financial position by reducing borrowings continued. - 2026-05-15MitigatedRevision of earnings forecasts
「The main factors behind the change in non-current liabilities were a ¥145 million increase in deferred tax liabilities, and decreases of ¥322 million in long-term borrowings and ¥383 million in liabilities related to retirement benefits.」
Short-term borrowings increased by ¥140 million, while long-term borrowings decreased by ¥322 million, resulting in a net decline in borrowings from the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「The main factors behind changes in current liabilities were increases of ¥34 million in electronically recorded obligations and ¥39 million in short-term borrowings. The main factors behind changes in non-current liabilities were increases of ¥107 million in long-term borrowings and ¥32 million in deferred tax liabilities, and decreases of ¥112 million in lease liabilities and ¥50 million in liability related to retirement benefits.」
Short-term borrowings increased by ¥39 million and long-term borrowings by ¥107 million, causing borrowings to increase from the end of the previous consolidated fiscal year. The risk to the financial position and cash flow from higher borrowings emerged in the interim period. - FY2025MitigatedAnnual report
「As of the fiscal year ended March 2025, the Group's borrowings were ¥4,308 million (short-term borrowings of ¥1,523 million and long-term borrowings of ¥2,784 million), representing 27.0% of total assets.」
Borrowings decreased from ¥4,895 million in the previous fiscal year, or 29.7% of total assets, and the company continues to improve its financial position by reducing inventories and strengthening profitability. - FY2025-H1MitigatedAnnual report
「The main factors behind changes in current liabilities were decreases of ¥282 million in short-term borrowings and ¥140 million in equipment-related electronically recorded obligations included in Other. The main factors behind changes in non-current liabilities were a ¥136 million increase in long-term borrowings and a ¥47 million decrease in liability related to retirement benefits.」
The decrease in short-term borrowings exceeded the increase in long-term borrowings, resulting in a net decrease of approximately ¥146 million in borrowings from the end of the previous consolidated fiscal year. The trend toward reducing risk by lowering borrowings and improving the financial position continues. - FY2024MitigatedAnnual report
「As of the fiscal year ended March 2024, the Group's borrowings were ¥4,895 million (short-term borrowings of ¥2,122 million and long-term borrowings of ¥2,772 million), representing 29.7% of total assets, and future financial conditions may affect the Group's business performance and cash flow. The Group is working to reduce this risk by reducing inventories and strengthening profitability to lower borrowings and improve its financial position.」
Borrowings decreased from ¥4,936 million in the previous fiscal year, or 30.1% of total assets, to ¥4,895 million, or 29.7%, and measures to reduce risk by lowering borrowings and improving the financial position remain in place. - FY2024-Q3WorsenedAnnual report
「The main factors behind changes in current liabilities were decreases of ¥226 million in short-term borrowings and ¥119 million in accrued bonuses. The main factors behind changes in non-current liabilities were a ¥314 million increase in long-term borrowings and an ¥87 million decrease in liability related to retirement benefits.」
While short-term borrowings decreased by ¥226 million, long-term borrowings increased by ¥314 million, causing borrowings to increase on a net basis from the end of the previous consolidated fiscal year. The risk to the financial position and cash flow from higher borrowings continues. - FY2024-Q2WorsenedAnnual report
「The main factors behind changes in current liabilities were decreases of ¥37 million in short-term borrowings and ¥45 million in income taxes payable. The main factor behind changes in non-current liabilities was a ¥252 million increase in long-term borrowings.」
While short-term borrowings decreased by ¥37 million, long-term borrowings increased by ¥252 million, causing total borrowings to increase from the end of the previous consolidated fiscal year. The risk to the financial position and cash flow from higher borrowings has increased. - FY2024-Q1WorsenedAnnual report
「The main factors behind changes in current liabilities were increases of ¥87 million in short-term borrowings and ¥272 million in accrued expenses, and decreases of ¥50 million in electronically recorded obligations and ¥117 million in accrued bonuses. The main factor behind changes in non-current liabilities was a ¥348 million increase in long-term borrowings.」
Short-term borrowings increased by ¥87 million and long-term borrowings by ¥348 million, increasing from the previous quarter the risk to the financial position and cash flow from higher borrowings. - FY2023MitigatedAnnual report
「As of the fiscal year ended March 2023, the Group's borrowings were ¥4,936 million (short-term borrowings of ¥2,292 million and long-term borrowings of ¥2,644 million), representing 30.1% of total assets, and future financial conditions may affect the Group's business performance and cash flow. The Group is working to reduce this risk by reducing inventories and strengthening profitability to lower borrowings and improve its financial position.」
Borrowings decreased from ¥5,033 million in the previous fiscal year, or 31.3% of total assets, to ¥4,936 million, or 30.1%, and the policy of reducing borrowings through inventory reduction and stronger profitability remains in place. - FY2023-Q3Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factors behind changes in current liabilities were increases of ¥251 million in electronically recorded obligations and ¥168 million in equipment-related electronically recorded obligations included in Other, and a ¥236 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were increases of ¥169 million in long-term borrowings and ¥41 million in lease liabilities, and a ¥76 million decrease in liability related to retirement benefits.」
While short-term borrowings decreased by ¥236 million, long-term borrowings increased by ¥169 million, changing the composition of borrowings. - FY2023-Q2Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factors behind changes in current liabilities were increases of ¥71 million in electronically recorded obligations, ¥39 million in income taxes payable and ¥156 million in equipment-related electronically recorded obligations included in Other, and a ¥362 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were a ¥60 million increase in long-term borrowings, and decreases of ¥10 million in lease liabilities and ¥51 million in liability related to retirement benefits.」
While short-term borrowings decreased by ¥362 million, long-term borrowings increased by ¥60 million, changing the composition of borrowings. - FY2023-Q1Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factor behind changes in current liabilities was a ¥272 million increase in accrued expenses and a ¥145 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were a ¥190 million increase in long-term borrowings and a ¥26 million decrease in liability related to retirement benefits.」
While short-term borrowings decreased by ¥145 million, long-term borrowings increased by ¥190 million, changing the composition of borrowings. - FY2022MitigatedAnnual report
「As of the fiscal year ended March 2022, the Group's borrowings were ¥5,033 million (short-term borrowings of ¥2,386 million and long-term borrowings of ¥2,646 million), representing 31.3% of total assets, and future financial conditions may affect the Group's business performance and cash flow. The Group is working to reduce this risk by reducing inventories and strengthening profitability to lower borrowings and improve its financial position.」
Borrowings decreased from ¥5,349 million in the previous fiscal year, or 33.1% of total assets, and the company explicitly identified reducing borrowings through inventory reduction and stronger profitability as a response measure. - FY2022-Q3Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factors behind changes in current liabilities were increases of ¥374 million in electronically recorded obligations and ¥93 million in equipment-related electronically recorded obligations included in Other, and a ¥358 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were a ¥187 million increase in long-term borrowings, and decreases of ¥55 million in lease liabilities and ¥72 million in liability related to retirement benefits.」
While short-term borrowings decreased by ¥358 million, long-term borrowings increased by ¥187 million, changing the composition of borrowings. - FY2022-Q2Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factors behind changes in current liabilities were increases of ¥170 million in electronically recorded obligations and ¥52 million in equipment-related electronically recorded obligations included in Other, and a ¥344 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were a ¥122 million increase in long-term borrowings and an ¥80 million decrease in lease liabilities.」
While short-term borrowings decreased by ¥344 million, long-term borrowings increased by ¥122 million, changing the composition of borrowings. - FY2022-Q1Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「The main factors behind changes in current liabilities were increases of ¥120 million in electronically recorded obligations and ¥272 million in accrued expenses, and a ¥284 million decrease in short-term borrowings. The main factors behind changes in non-current liabilities were a ¥197 million increase in long-term borrowings and a ¥40 million decrease in lease liabilities.」
While short-term borrowings decreased by ¥284 million, long-term borrowings increased by ¥197 million, changing the composition of borrowings. - FY2021WorsenedAnnual report
「As of the fiscal year ended March 2021, the Group's borrowings were ¥5,349 million (short-term borrowings of ¥2,705 million and long-term borrowings of ¥2,643 million), representing 33.1% of total assets, and future financial conditions may affect the Group's business performance and cash flow.」
Borrowings increased from ¥4,939 million in FY2020 to ¥5,349 million, and their ratio to total assets rose to 33.1%, increasing the risk to the financial position and cash flow. - FY2021-Q3WorsenedAnnual report
「The main factors behind changes in current liabilities were a ¥549 million increase in short-term borrowings, and decreases of ¥81 million in notes and accounts payable, ¥148 million in electronically recorded obligations and ¥432 million in equipment-related electronically recorded obligations included in Other. The main factors behind changes in non-current liabilities were an ¥86 million increase in long-term borrowings and a ¥68 million decrease in liability related to retirement benefits.」
Short-term borrowings increased by ¥549 million and long-term borrowings by ¥86 million, further increasing from the previous quarter the risk to the financial position and cash flow from higher borrowings. - FY2021-Q2WorsenedAnnual report
「The main factors behind changes in current liabilities were a ¥524 million increase in short-term borrowings, and decreases of ¥155 million in notes and accounts payable, ¥206 million in electronically recorded obligations and ¥361 million in equipment-related electronically recorded obligations included in Other. The main factors behind changes in non-current liabilities were a ¥52 million increase in long-term borrowings and a ¥43 million decrease in liability related to retirement benefits.」
Short-term borrowings increased by ¥524 million and long-term borrowings by ¥52 million, increasing the risk to the financial position and cash flow from higher borrowings. - FY2021-Q1WorsenedAnnual report
「The main factors behind changes in current liabilities were a ¥739 million increase in short-term borrowings, and decreases of ¥91 million in electronically recorded obligations and ¥165 million in equipment-related electronically recorded obligations included in Other. The main factor behind changes in non-current liabilities was a ¥164 million increase in long-term borrowings.」
Short-term borrowings increased by ¥739 million and long-term borrowings by ¥164 million, further increasing the risk to the financial position and cash flow from higher borrowings disclosed at the end of FY2020. - FY2020First statedAnnual report
「As of the fiscal year ended March 2020, the Group's borrowings were ¥4,939 million (short-term borrowings of ¥2,180 million and long-term borrowings of ¥2,759 million), representing 28.9% of total assets, and future financial conditions may affect the Group's business performance and cash flow.」
The company disclosed total borrowings and their ratio to total assets, identifying the impact of financial conditions on business performance and cash flow as a new material risk.