Higher Borrowings and a Lower Equity Ratio
First written in FY2018-Q1. 13 of 34 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-08-07.
Yamazaki moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 9 of 34 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Current liabilities increased to ¥2,065 million, up ¥541 million from the end of the previous consolidated fiscal year. This was mainly due to increases in short-term borrowings and accounts payable.」
The Company reported an increase in current liabilities, including higher short-term borrowings, and a decline in the equity ratio from 32.2% to 27.0%. - FY2026WorsenedAnnual report
「Current liabilities decreased 18.4% from the end of the previous consolidated fiscal year to ¥1.524 billion. This was mainly due to a ¥350 million decrease in short-term borrowings. In addition, the equity ratio decreased from 35.8% at the end of the previous consolidated fiscal year to 32.2%.」
Short-term borrowings decreased by ¥350 million, but the equity ratio declined from 35.8% to 32.2% due to the net loss for the period. - 2026-05-08WorsenedRevision of earnings forecasts
「The equity ratio decreased from 35.8% at the end of the previous consolidated fiscal year to 32.2%.」
Although short-term borrowings decreased, the equity ratio declined. - FY2026-H1WorsenedAnnual report
「Current liabilities amounted to ¥1.665 billion, a decrease of ¥201 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥667 million, an increase of ¥4 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in lease obligations, despite a decrease in long-term borrowings. The equity ratio decreased from 35.8% at the end of the previous consolidated fiscal year to 34.1%.」
Short-term borrowings decreased, while non-current liabilities increased due to lease obligations and other factors, and the equity ratio declined from 35.8% to 34.1%. - FY2025WorsenedAnnual report
「In addition, the equity ratio decreased from 36.1% at the end of the previous consolidated fiscal year to 35.8%.」
The equity ratio declined from 36.1% to 35.8%. Short-term borrowings increased by ¥130 million, while long-term borrowings and lease obligations also increased. - FY2025-H1Borrowings declined, while the equity ratio declinedAnnual report
「Current liabilities amounted to ¥2.048 billion, an increase of ¥55 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in accounts payable, despite a decrease in short-term borrowings. Non-current liabilities amounted to ¥509 million, an increase of ¥116 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in lease obligations and other factors. The equity ratio decreased from 36.1% at the end of the previous consolidated fiscal year to 35.4%.」
Short-term borrowings decreased from ¥1.68998 billion to ¥1.62831 billion, and long-term borrowings decreased from ¥146.67 million to ¥126.67 million. Meanwhile, non-current liabilities increased due to higher lease obligations and other factors, and the equity ratio declined from 36.1% to 35.4%. - FY2024Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities decreased 10.0% from the end of the previous consolidated fiscal year to ¥1.992 billion. This was mainly due to a ¥300 million decrease in short-term borrowings, despite a ¥121 million increase in long-term borrowings due for repayment within one year. In addition, the equity ratio increased from 34.1% at the end of the previous consolidated fiscal year to 36.1%.」
Short-term borrowings decreased by ¥300 million, and long-term borrowings also decreased by ¥153 million. The equity ratio increased from 34.1% to 36.1%. - FY2024-Q3Decrease in short-term borrowings and increase in long-term borrowings; equity ratio increasedAnnual report
「Current liabilities amounted to ¥1.746 billion, a decrease of ¥467 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥689 million, an increase of ¥145 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in long-term borrowings and other factors. The equity ratio increased from 34.1% at the end of the previous consolidated fiscal year to 35.4%.」
Current liabilities decreased due to lower short-term borrowings, while non-current liabilities increased due to higher long-term borrowings. The equity ratio increased from 34.1% to 35.4%. - FY2024-Q2Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities amounted to ¥1.647 billion, a decrease of ¥566 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥551 million, an increase of ¥8 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in other non-current liabilities, despite a decrease in long-term borrowings. The equity ratio increased from 34.1% at the end of the previous consolidated fiscal year to 37.7%.」
Short-term borrowings decreased, and the equity ratio increased from 34.1% to 37.7%. Long-term borrowings decreased, while other non-current liabilities increased. - FY2024-Q1WorsenedAnnual report
「The equity ratio decreased from 34.1% at the end of the previous consolidated fiscal year to 33.2%.」
The equity ratio declined from 34.1% at the end of the previous consolidated fiscal year to 33.2%. Short-term borrowings remained at the same level and long-term borrowings decreased, but the ratio deteriorated due to a decrease in net assets and other factors. - FY2023WorsenedAnnual report
「Current liabilities increased 28.3% from the end of the previous consolidated fiscal year to ¥2.213 billion. This was mainly due to increases of ¥380 million in short-term borrowings and ¥193 million in long-term borrowings due for repayment within one year. Non-current liabilities decreased 33.3% from the end of the previous consolidated fiscal year to ¥543 million, mainly due to a ¥218 million decrease in long-term borrowings. In addition, the equity ratio decreased from 38.7% at the end of the previous consolidated fiscal year to 34.1%.」
Short-term borrowings and long-term borrowings due for repayment within one year increased, expanding current liabilities. Long-term borrowings decreased, but the equity ratio declined from 38.7% to 34.1%. - FY2023-Q3Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities amounted to ¥1,500,075,000, a decrease of ¥150 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥595 million, a decrease of ¥219 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings and other factors. The equity ratio increased from 38.7% at the end of the previous consolidated fiscal year to 41.3%.」
Current and non-current liabilities decreased due to lower short-term and long-term borrowings, and the equity ratio increased from 38.7% to 41.3%. - FY2023-Q2Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities amounted to ¥1.574 billion, a decrease of ¥151 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥586 million, a decrease of ¥228 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings and other factors. Meanwhile, total assets amounted to ¥3.691 billion following the repayment of interest-bearing debt, and the equity ratio increased from 38.7% at the end of the previous consolidated fiscal year to 41.5%.」
Current and non-current liabilities decreased due to lower short-term and long-term borrowings, and the equity ratio increased from 38.7% to 41.5%. - FY2023-Q1Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities amounted to ¥1.553 billion, a decrease of ¥172 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities amounted to ¥793 million, a decrease of ¥20 million from the end of the previous consolidated fiscal year. This was mainly due to decreases in liabilities related to retirement benefits and long-term borrowings. The equity ratio increased from 38.7% at the end of the previous consolidated fiscal year to 40.1%.」
Current and non-current liabilities decreased due to lower short-term borrowings, long-term borrowings and other factors, and the equity ratio increased from 38.7% to 40.1%. - FY2022WorsenedAnnual report
「Non-current liabilities increased 48.1% from the end of the previous consolidated fiscal year to ¥814 million. This was mainly due to a ¥254 million increase in long-term borrowings. In addition, the equity ratio decreased from 43.4% at the end of the previous consolidated fiscal year to 38.7%.」
Non-current liabilities increased 48.1% due to higher long-term borrowings, and the equity ratio declined from 43.4% to 38.7%. - FY2022-Q3WorsenedAnnual report
「Current liabilities amounted to ¥1.8 billion, an increase of ¥32 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in other current liabilities, despite decreases in provisions for contract losses and bonuses. Non-current liabilities amounted to ¥535 million, a decrease of ¥14 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings and other factors. The equity ratio decreased from 43.4% at the end of the previous consolidated fiscal year to 41.4%.」
Non-current liabilities decreased due to lower long-term borrowings and other factors, while current liabilities increased, and the equity ratio declined from 43.4% to 41.4%. - FY2022-Q2WorsenedAnnual report
「Current liabilities amounted to ¥1.825 billion, an increase of ¥57 million from the end of the previous consolidated fiscal year. This was mainly due to increases in short-term borrowings and other current liabilities. Non-current liabilities amounted to ¥567 million, an increase of ¥16 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in other non-current liabilities, despite a decrease in long-term borrowings. The equity ratio decreased from 43.4% at the end of the previous consolidated fiscal year to 40.9%.」
Current liabilities increased due to higher short-term borrowings and other factors, and the equity ratio declined from 43.4% at the end of the previous consolidated fiscal year to 40.9%. - FY2022-Q1WorsenedAnnual report
「Current liabilities amounted to ¥1.872 billion, an increase of ¥104 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in short-term borrowings and other factors. The equity ratio decreased from 43.4% at the end of the previous consolidated fiscal year to 41.1%.」
Current liabilities increased due to higher short-term borrowings, and the equity ratio declined from 43.4% to 41.1%. - FY2021Short-term borrowings declined, long-term borrowings increased; equity ratio recoveredAnnual report
「Current liabilities decreased 15.6% from the end of the previous consolidated fiscal year to ¥1.768 billion. This was mainly due to decreases of ¥125 million in short-term borrowings and ¥48 million in long-term borrowings due for repayment within one year. Non-current liabilities increased 34.6% from the end of the previous consolidated fiscal year to ¥550 million, mainly due to a ¥66 million increase in long-term borrowings. In addition, the equity ratio decreased from 45.7% at the end of the previous consolidated fiscal year to 43.4%.」
Short-term borrowings and long-term borrowings due for repayment within one year decreased, while long-term borrowings increased. The equity ratio recovered from 41.9% at the end of the third quarter to 43.4%, but remained below the 45.7% recorded at the end of the previous consolidated fiscal year. - FY2021-Q3Short-term borrowings declined, long-term borrowings increased; equity ratio declinedAnnual report
「Current liabilities were ¥1.858 billion, a decrease of ¥236 million from the end of the previous fiscal year. This was mainly because decreases in accounts payable and short-term borrowings exceeded the increase in the provision for contract losses. Non-current liabilities were ¥557 million, an increase of ¥148 million from the end of the previous fiscal year. This was mainly due to an increase in long-term borrowings and other items. The equity ratio declined from 45.7% at the end of the previous fiscal year to 41.9%.」
Current liabilities declined due to a decrease in short-term borrowings, while non-current liabilities increased due to an increase in long-term borrowings. The equity ratio declined from 45.7% to 41.9%. - FY2021-Q2Short-term borrowings declined, long-term borrowings increased; equity ratio declinedAnnual report
「Current liabilities were ¥1.862 billion, a decrease of ¥232 million from the end of the previous fiscal year. This was mainly because the decrease in short-term borrowings exceeded the increase in accounts payable and other items. Non-current liabilities were ¥569 million, an increase of ¥160 million from the end of the previous fiscal year. This was mainly due to an increase in long-term borrowings and other items. The equity ratio declined from 45.7% at the end of the previous fiscal year to 43.6%.」
Current liabilities declined due to a decrease in short-term borrowings, while non-current liabilities increased due to an increase in long-term borrowings. The equity ratio declined from 45.7% to 43.6%. - FY2021-Q1Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities were ¥1.873 billion, a decrease of ¥220 million from the end of the previous fiscal year. This was mainly due to decreases in short-term borrowings and the provision for bonuses and other items. Non-current liabilities were ¥396 million, a decrease of ¥12 million from the end of the previous fiscal year. This was mainly due to decreases in long-term borrowings and other items. The equity ratio rose from 45.7% at the end of the previous fiscal year to 47.3%.」
Current and non-current liabilities declined due to decreases in short-term and long-term borrowings, while the equity ratio rose from 45.7% to 47.3%. - FY2020Decrease in borrowings and increase in the equity ratioAnnual report
「Non-current liabilities declined 24.7% from the end of the previous fiscal year to ¥480 million. This was mainly due to a ¥86 million decrease in long-term borrowings. The equity ratio rose from 41.6% at the end of the previous fiscal year to 45.7%.」
Non-current liabilities declined due to a decrease in long-term borrowings and other items, while the equity ratio rose from 41.6% to 45.7%. - FY2020-Q3Short-term borrowings increased, long-term borrowings declined; equity ratio unchangedAnnual report
「Current liabilities were ¥2.523 billion, an increase of ¥91 million from the end of the previous fiscal year. This was mainly because increases in accounts payable and short-term borrowings and other items exceeded decreases in income taxes payable and the provision for bonuses and other items. Non-current liabilities were ¥421 million, a decrease of ¥121 million from the end of the previous fiscal year. This was mainly due to decreases in long-term borrowings and other items. The equity ratio was unchanged from 41.6% at the end of the previous fiscal year.」
Current liabilities increased due to increases in short-term borrowings and other items, while non-current liabilities declined due to decreases in long-term borrowings and other items. The equity ratio was unchanged at 41.6% from the end of the previous fiscal year. - FY2020-Q2Decrease in borrowings and increase in the equity ratioAnnual report
「Current liabilities were ¥2.155 billion, a decrease of ¥276 million from the end of the previous fiscal year. This was mainly because decreases in short-term borrowings and other items exceeded increases in accounts payable and other items. Non-current liabilities were ¥456 million, a decrease of ¥86 million from the end of the previous fiscal year. This was mainly due to decreases in long-term borrowings and other items. The equity ratio rose from 41.6% at the end of the previous fiscal year to 44.5%.」
Current and non-current liabilities declined due to decreases in short-term and long-term borrowings and other items, while the equity ratio rose from 41.6% to 44.5%. - FY2020-Q1Borrowings declined, while the equity ratio recoveredAnnual report
「Current liabilities were ¥2.318 billion, a decrease of ¥113 million from the end of the previous fiscal year. This was mainly due to a decrease in short-term borrowings, despite an increase in accounts payable. Non-current liabilities were ¥508 million, a decrease of ¥35 million from the end of the previous fiscal year. This was mainly due to a decrease in long-term borrowings and other items. The equity ratio rose from 41.6% at the end of the previous fiscal year to 42.9%.」
Current and non-current liabilities declined due to decreases in short-term and long-term borrowings, while the equity ratio recovered from 41.6% to 42.9%. - FY2019WorsenedAnnual report
「Current liabilities increased 32.6% from the end of the previous fiscal year to ¥2.431 billion. This was mainly due to increases of ¥294 million in advances received and ¥230 million in short-term borrowings. The equity ratio declined from 43.4% at the end of the previous fiscal year to 41.6%.」
Short-term borrowings increased, while the equity ratio declined from 43.4% at the end of the previous fiscal year to 41.6%. Long-term borrowings declined by ¥164 million. - FY2019-Q3WorsenedAnnual report
「Current liabilities were ¥2.543 billion, an increase of ¥709 million from the end of the previous fiscal year. This was mainly because increases in short-term borrowings and other items exceeded decreases in the provision for bonuses and other items. Non-current liabilities were ¥604 million, a decrease of ¥164 million from the end of the previous fiscal year. This was mainly due to decreases in long-term borrowings and other items. The equity ratio declined from 43.4% at the end of the previous fiscal year to 38.9%.」
Increases in short-term borrowings and other items coincided with decreases in long-term borrowings and other items, while the equity ratio declined from 43.4% at the end of the previous fiscal year to 38.9%. - FY2019-Q2Short-term borrowings increased, long-term borrowings declined; equity ratio declinedAnnual report
「Current liabilities were ¥1.939 billion, an increase of ¥105 million from the end of the previous fiscal year. This was mainly due to increases in accounts payable and short-term borrowings and other items. Non-current liabilities were ¥673 million, a decrease of ¥94 million from the end of the previous fiscal year. This was mainly due to decreases in long-term borrowings and other items. The equity ratio declined from 43.4% at the end of the previous fiscal year to 43.2%.」
Short-term borrowings and other items increased, while long-term borrowings and other items declined. The equity ratio declined from 43.4% to 43.2%. - FY2019-Q1Borrowings declined, while the equity ratio declinedAnnual report
「Non-current liabilities were ¥709 million, a decrease of ¥58 million from the end of the previous fiscal year. This was mainly due to a decrease in long-term borrowings and other factors. The equity ratio declined from 43.4% at the end of the previous fiscal year to 42.2%.」
Non-current liabilities declined due to a decrease in long-term borrowings, and short-term borrowings also declined from the end of the previous fiscal year. Meanwhile, the equity ratio declined from 43.4% to 42.2%. - FY2018Borrowings continued to increase; equity ratio declinedAnnual report
「Current liabilities were ¥1.833 billion, an increase of 10.6% from the end of the previous fiscal year. This was mainly because, although accounts payable declined by ¥27 million, short-term borrowings increased by ¥103 million and the current portion of long-term borrowings increased by ¥44 million. The equity ratio declined from 44.1% at the end of the previous fiscal year to 43.4%.」
Short-term borrowings and the current portion of long-term borrowings increased, while the equity ratio declined from 44.1% to 43.4%. - FY2018-Q3Borrowings continued to increase, while the equity ratio edged lowerAnnual report
「Current liabilities were ¥1.813 billion, an increase of ¥155 million from the end of the previous fiscal year. This was mainly because increases in short-term borrowings and other items exceeded decreases in the provision for bonuses and other items. Non-current liabilities were ¥836 million, an increase of ¥52 million from the end of the previous fiscal year. This was mainly due to increases in long-term borrowings and other items. The equity ratio declined from 44.1% at the end of the previous fiscal year to 43.2%.」
Short-term and long-term borrowings and other items continued to increase. The equity ratio edged down from 43.3% in the previous quarter to 43.2%, also below the 44.1% recorded at the end of the previous fiscal year. - FY2018-Q2Borrowings continued to increase, while the equity ratio recoveredAnnual report
「Current liabilities were ¥1.744 billion, an increase of ¥85 million from the end of the previous fiscal year. This was mainly due to an increase in short-term borrowings. Non-current liabilities were ¥864 million, an increase of ¥80 million from the end of the previous fiscal year. This was mainly due to increases in long-term borrowings and other items. The equity ratio rose from 44.1% at the end of the previous fiscal year to 43.3%.」
Short-term and long-term borrowings and other items continued to increase. The equity ratio recovered from 42.1% in the previous quarter to 43.3%, but remained below the 44.1% recorded at the end of the previous fiscal year. - FY2018-Q1First statedAnnual report
「Current liabilities were ¥1.722 billion, an increase of ¥63 million from the end of the previous fiscal year. This was mainly because increases in short-term borrowings and other current liabilities exceeded decreases in the provision for bonuses and other items. Non-current liabilities were ¥906 million, an increase of ¥122 million from the end of the previous fiscal year. This was mainly due to increases in long-term borrowings and other items. The equity ratio declined from 44.1% at the end of the previous fiscal year to 42.1%.」
Current and non-current liabilities increased due to increases in short-term and long-term borrowings and other items, while the equity ratio declined from 44.1% to 42.1%.