Securing Stable Liquidity and Funding Sources Required for Operations
First written in FY2019. 9 of 19 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2026.
Birdman moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year decreased by ¥1,358.008 million from the end of the previous consolidated fiscal year to ¥370.190 million.」
Although the issuance of shares generated proceeds of ¥1,993.905 million, cash flow from operating activities was an outflow of ¥1,806.988 million, and year-end cash fell sharply from ¥1,728.198 million to ¥370.190 million. - FY2026-H1WorsenedAnnual report
「Cash and cash equivalents at the end of the six-month consolidated accounting period decreased by ¥1,441.276 million from the end of the previous consolidated fiscal year to ¥286.922 million.」
Although the issuance of shares generated proceeds of ¥993.900 million, cash and cash equivalents decreased by ¥1,441.276 million to ¥286.922 million, while cash flow from operating activities was also an outflow of ¥1,073.706 million. - FY2025Year-end cash recovered through a capital increase, but funding remains uncertainAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year increased by ¥1,612.354 million from the end of the previous consolidated fiscal year to ¥1,728.198 million.」
Cash and cash equivalents recovered to ¥1,728.198 million through the issuance of new shares and other measures, but cash flow from operating activities was an outflow of ¥296.053 million, and the filing states that funding remains uncertain due to substantial payments after the fiscal year-end. - FY2025-H1RestatedAnnual report
「Cash flow from operating activities was an outflow of ¥374.697 million, compared with an outflow of ¥1,304.035 million in the same period of the previous year. This was mainly due to a loss before income taxes of ¥395.969 million. Cash and cash equivalents at the end of the six-month consolidated accounting period increased by ¥29.027 million from the previous consolidated fiscal year to ¥144.872 million.」
Negative operating cash flow and low cash balances have continued, further indicating the need to secure stable liquidity. - FY2024WorsenedAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year, hereinafter referred to as “funds,” decreased by ¥1,081.012 million from the end of the previous consolidated fiscal year to ¥115.844 million.」
Cash and cash equivalents decreased by ¥1,081.012 million from the end of the previous fiscal year to ¥115.844 million. Short-term borrowings were ¥721.994 million, and total borrowings, including long-term borrowings, were ¥1,471.137 million, further underscoring the need to secure liquidity. - FY2024-Q3WorsenedAnnual report
「Current assets at the end of the third quarter accounting period decreased by ¥737.993 million from the previous consolidated fiscal year to ¥1,904.770 million. This was mainly due to a ¥865.364 million decrease in cash and deposits.」
Cash and deposits decreased by ¥865.364 million from the end of the previous consolidated fiscal year to ¥331.492 million, while short-term borrowings increased by ¥1,106.994 million to ¥1,519.994 million. To maintain funding, the company also entered into an agreement to lower the interest rate from 12% to 6% by changing the borrowing terms and extend the repayment date to 30 June 2024. - FY2024-Q2WorsenedAnnual report
「Cash and cash equivalents for the six months ended the second quarter decreased by ¥1,032.674 million from the previous consolidated fiscal year to ¥164.182 million.」
Cash and cash equivalents decreased by ¥1,032.674 million to ¥164.182 million, while cash flow from operating activities was an outflow of ¥1,304.035 million. In addition, the company resolved to borrow ¥500 million at an annual interest rate of 12% to strengthen its financial base. - FY2024-Q1Increase in short-term borrowingsAnnual report
「This was mainly due to an increase of ¥387 million in short-term borrowings, despite a decrease of ¥616.455 million in other items.」
Short-term borrowings at the end of the first quarter accounting period increased by ¥387 million from the end of the previous consolidated fiscal year to ¥800 million. No change to the funding policy itself was disclosed. - FY2023RestatedAnnual report
「Our basic policy regarding the sources of capital and liquidity of our group is to maintain a stable supply of the liquidity and funding sources required for business operations. Short-term working capital is funded primarily through internal funds and short-term borrowings from financial institutions, while long-term working capital is funded primarily through long-term borrowings from financial institutions.」
The company has reconfirmed its funding policy of securing liquidity through a combination of internal funds, short-term borrowings, and long-term borrowings. - FY2022RestatedAnnual report
「Our basic policy is to maintain a stable supply of the liquidity and funding sources required for business operations. Short-term working capital is funded primarily through internal funds and short-term borrowings from financial institutions, while long-term working capital is funded primarily through long-term borrowings from financial institutions.」
The company has reconfirmed its policy of securing liquidity through a combination of internal funds, short-term borrowings, and long-term borrowings. Short-term borrowings at fiscal year-end were ¥174 million. - FY2021RestatedAnnual report
「Our basic policy is to maintain a stable supply of the liquidity and funding sources required for business operations. Short-term working capital is funded primarily through internal funds and short-term borrowings from financial institutions, while long-term working capital is funded primarily through long-term borrowings from financial institutions.」
The company has reconfirmed its policy of securing the required liquidity through a combination of internal funds, short-term borrowings, and long-term borrowings. The total overdraft and lending commitments with 2 relationship banks amount to ¥500 million. - FY2019First statedAnnual report
「Our basic policy regarding the sources of capital and liquidity of our group is to maintain a stable supply of the liquidity and funding sources required for business operations. Short-term working capital is funded primarily through internal funds and short-term borrowings from financial institutions, while long-term working capital is funded primarily through long-term borrowings from financial institutions.」
The company has indicated a funding policy under which short-term working capital is funded primarily through internal funds and short-term borrowings, while long-term working capital is funded primarily through long-term borrowings.