Increase in Borrowings and Liquidity Risk
First written in FY2016. 15 of 36 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Art Vivant moved to the "Worse" side of this theme in 2019, 7 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 4 of 15 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026Increase in short-term borrowings, decrease in long-term borrowings and increase in cashAnnual report
「Cash and cash equivalents for the current consolidated fiscal year increased by ¥3,326 million from the end of the previous consolidated fiscal year to ¥9,078 million. Short-term borrowings increased by ¥424 million. Long-term borrowings decreased by ¥1,255 million.」
While cash and cash equivalents increased, short-term borrowings increased and long-term borrowings decreased. Debt composition and on-hand liquidity are changing. - 2026-05-15MitigatedRevision of earnings forecasts
「Non-current liabilities were ¥1,688 million, a decrease of ¥1,295 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,255 million decrease in long-term borrowings.」
Non-current liabilities declined, primarily because of lower long-term borrowings, reducing part of the financial burden. - FY2026-H1Increase in short-term borrowings, decrease in long-term borrowings and increase in cashAnnual report
「It increased by ¥2,067 million from the end of the previous consolidated fiscal year to ¥7,820 million.」
While cash and cash equivalents increased by ¥2,067 million, short-term borrowings increased by ¥575 million and long-term borrowings decreased by ¥699 million. Debt composition and on-hand liquidity are changing. - FY2025Decrease in short-term borrowings and increase in long-term borrowingsAnnual report
「Current liabilities amounted to ¥16,474 million, a decrease of ¥665 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥945 million in short-term borrowings and ¥247 million in asset retirement obligations, despite a ¥576 million increase in the current portion of long-term borrowings. Non-current liabilities amounted to ¥2,983 million, an increase of ¥1,777 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,493 million in long-term borrowings and ¥223 million in asset retirement obligations.」
While short-term borrowings decreased, long-term borrowings and the current portion of long-term borrowings increased, changing the debt composition and financial burden. - FY2025-H1Decrease in short-term borrowings and increase in long-term borrowingsAnnual report
「Current liabilities at the end of the interim consolidated fiscal period amounted to ¥15,639 million, a decrease of ¥1,500 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,531 million decrease in short-term borrowings. Non-current liabilities amounted to ¥3,261 million, an increase of ¥2,055 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,974 million increase in long-term borrowings.」
While short-term borrowings decreased, long-term borrowings increased, changing the debt composition and financial burden. - FY2024WorsenedAnnual report
「Cash and cash equivalents for the current consolidated fiscal year decreased by ¥706 million from the end of the previous consolidated fiscal year to ¥4,773 million.」
While cash and cash equivalents decreased by ¥706 million, short-term borrowings increased by ¥348 million and the current portion of long-term borrowings increased by ¥220 million, indicating an increase in debt and liquidity exposure. - FY2024-Q3WorsenedAnnual report
「This was mainly due to a ¥1,938 million decrease in cash and deposits resulting from purchases of investment securities and high-value artwork, despite increases of ¥1,177 million in other current assets due to increases in advances for high-value artwork purchases, ¥943 million in merchandise and finished goods due to high-value artwork purchases, and ¥362 million in trade receivables due to increased transaction volume in the credit business.」
While cash and deposits decreased by ¥1,938 million, short-term borrowings increased by ¥545 million and long-term borrowings decreased by ¥106 million. The burden related to short-term borrowing reliance and on-hand liquidity is changing. - FY2024-Q2Increase in short-term borrowings and cashAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year amounted to ¥17,305 million, an increase of ¥1,008 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥499 million in short-term borrowings, ¥163 million in current income taxes payable, and ¥136 million in advances received resulting from an increase in contract values in the paintings and other sales business. Non-current liabilities amounted to ¥1,117 million, a decrease of ¥109 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥83 million decrease in long-term borrowings.」
While short-term borrowings increased by ¥499 million, long-term borrowings decreased by ¥83 million. Cash and cash equivalents increased by ¥1,246 million due to proceeds from the sale of investment securities and other factors, resulting in a concurrent change in debt composition and an increase in on-hand liquidity. - FY2024-Q1Increase in short-term borrowings and decline in long-term borrowingsAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year amounted to ¥16,646 million, an increase of ¥349 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥240 million in short-term borrowings and ¥88 million in advances received resulting from an increase in contract values in the paintings and other sales business. Non-current liabilities amounted to ¥1,059 million, a decrease of ¥166 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥156 million decrease in long-term borrowings.」
While short-term borrowings increased by ¥240 million, long-term borrowings decreased by ¥156 million, resulting in concurrent increases in current liabilities and decreases in non-current liabilities. - FY2023WorsenedAnnual report
「This was mainly due to a ¥2,715 million increase in short-term borrowings.」
Short-term borrowings increased by ¥2,715 million and current liabilities also increased by ¥2,882 million. Although non-current liabilities decreased due to bond redemptions and other factors, reliance on short-term borrowings and the financial burden are increasing. - FY2023-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year amounted to ¥14,223 million, an increase of ¥809 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,096 million increase in short-term borrowings, despite a ¥337 million decrease in current income taxes payable. Non-current liabilities amounted to ¥1,513 million, a decrease of ¥246 million from the end of the previous consolidated fiscal year. This was mainly due to the redemption of ¥495 million in bonds and decreases of ¥97 million in lease liabilities and ¥74 million in deferred tax liabilities, despite a ¥456 million increase in long-term borrowings.」
Short-term borrowings increased by ¥1,096 million and long-term borrowings by ¥456 million, while cash and deposits decreased by ¥448 million. Although the redemption of bonds reduced non-current liabilities, debt and liquidity exposure is trending higher. - FY2023-Q2WorsenedAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year amounted to ¥14,094 million, an increase of ¥679 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥765 million increase in short-term borrowings, despite a ¥160 million decrease in current income taxes payable. Non-current liabilities amounted to ¥1,691 million, a decrease of ¥69 million from the end of the previous consolidated fiscal year. This was mainly due to the redemption of ¥495 million in bonds and decreases of ¥94 million in lease liabilities and ¥69 million in deferred tax liabilities, despite a ¥624 million increase in long-term borrowings.」
Short-term borrowings increased by ¥765 million and long-term borrowings by ¥624 million, while bonds of ¥640 million were redeemed and other changes occurred. Cash and cash equivalents decreased by ¥747 million from the end of the previous fiscal year to ¥3,213 million. - FY2023-Q1WorsenedAnnual report
「Current liabilities amounted to ¥13,736 million, an increase of ¥321 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥714 million increase in short-term borrowings, despite a ¥350 million decrease in current income taxes payable. Non-current liabilities amounted to ¥2,004 million, an increase of ¥244 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥827 million increase in long-term borrowings, despite a ¥495 million decrease in bonds.」
Short-term borrowings increased by ¥714 million and long-term borrowings by ¥827 million, while cash and deposits decreased by ¥1,028 million, expanding debt and liquidity exposure. - FY2022Concurrent increase in short-term borrowings and cashAnnual report
「This was due to increases including a net increase of ¥1,304 million in short-term borrowings and proceeds of ¥1,000 million from long-term borrowings.」
Short-term borrowings increased by ¥1,304 million, while long-term borrowings decreased by ¥238 million and cash and cash equivalents increased by ¥441 million. Debt composition and on-hand liquidity are changing simultaneously. - FY2022-Q3Continued increase in short-term borrowings and cashAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year amounted to ¥14,690 million, an increase of ¥1,720 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,753 million increase in short-term borrowings. Non-current liabilities amounted to ¥1,717 million, a decrease of ¥335 million from the end of the previous consolidated fiscal year.」
While short-term borrowings increased by ¥1,753 million, long-term borrowings decreased by ¥425 million. Cash and deposits increased by ¥856 million, changing both the debt composition and on-hand liquidity. - FY2022-Q2Increase in short-term borrowings and cashAnnual report
「Current liabilities amounted to ¥13,833 million, an increase of ¥1,458 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,704 million increase in short-term borrowings, despite a ¥700 million decrease in deferred installment profits resulting from a change in the revenue recognition method for the financial services business. It increased by ¥1,624 million from the end of the previous consolidated fiscal year to ¥5,144 million.」
While short-term borrowings increased by ¥1,704 million, cash and cash equivalents also increased by ¥1,624 million. Long-term borrowings decreased by ¥291 million, changing the debt composition. - FY2022-Q1Increase in short-term borrowings and decline in long-term borrowingsAnnual report
「Non-current liabilities amounted to ¥1,860 million, a decrease of ¥192 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥210 million in long-term borrowings and ¥30 million in lease liabilities, despite a ¥70 million increase in deferred tax liabilities.」
While short-term borrowings increased by ¥904 million, long-term borrowings decreased by ¥210 million and non-current liabilities decreased by ¥192 million. The debt composition is changing. - FY2021Concurrent repayment of borrowings and decrease in cashAnnual report
「Cash and cash equivalents for the current consolidated fiscal year decreased by ¥2,001 million from the end of the previous consolidated fiscal year to ¥3,519 million. This was mainly due to decreases including ¥1,316 million in repayments of long-term borrowings and a net decrease of ¥704 million in short-term borrowings.」
While repayments of long-term and short-term borrowings reduced the debt burden, cash and cash equivalents also decreased by ¥2,001 million. - FY2021-Q3Continued repayment of borrowings and decrease in cashAnnual report
「Current assets at the end of the third quarter of the current consolidated fiscal year amounted to ¥23,858 million, a decrease of ¥267 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in cash and deposits resulting from repayments of borrowings and other liabilities totaling ¥1,355 million, despite increases of ¥717 million in other current assets and ¥376 million in merchandise and finished goods. Non-current liabilities amounted to ¥2,148 million, a decrease of ¥745 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥621 million in long-term borrowings and ¥124 million in lease liabilities.」
Non-current liabilities decreased by ¥745 million due to repayments of borrowings and other liabilities, while cash and deposits also decreased, leaving an ending balance of ¥3,774.781 million. The reduction in debt burden and the decrease in on-hand liquidity occurred concurrently. - FY2021-Q2Continued repayment of borrowings and decrease in cashAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year, hereinafter referred to as “funds,” decreased by ¥319 million from the end of the previous consolidated fiscal year to ¥5,201 million. Increases in funds included pretax quarterly profit of ¥428 million, an increase of ¥269 million in advances received and an increase of ¥148 million in trade receivables, while decreases included ¥557 million in repayments of long-term borrowings, an increase of ¥272 million in inventories and ¥181 million in income taxes paid.」
While repayments of long-term borrowings reduced non-current liabilities, cash and cash equivalents also decreased by ¥319 million from the end of the previous fiscal year, resulting in a concurrent reduction in debt burden and on-hand liquidity. - FY2021-Q1Concurrent decreases in borrowings and cashAnnual report
「The decrease in cash and deposits was due to a ¥783 million repayment of borrowings, a ¥270 million decrease in advances received resulting from lower contract values for prints and other items, and other factors. Non-current liabilities amounted to ¥2,702 million, a decrease of ¥191 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥229 million decrease in long-term borrowings.」
While repayments reduced short-term borrowings, long-term borrowings and liabilities, cash and deposits also decreased by ¥1,306 million, resulting in a concurrent reduction in debt burden and on-hand liquidity. - FY2020WorsenedAnnual report
「Current liabilities at the end of the current consolidated fiscal year amounted to ¥12,250 million, an increase of ¥1,821 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,100 million increase in short-term borrowings, despite a ¥368 million decrease in current income taxes payable.」
Short-term borrowings increased by ¥2,100 million and current liabilities increased by ¥1,821 million. Cash and cash equivalents also decreased by ¥402 million, expanding debt and liquidity exposure. - FY2020-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year amounted to ¥11,462 million, an increase of ¥1,032 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,600 million increase in short-term borrowings, despite a ¥559 million decrease in current income taxes payable. Non-current liabilities amounted to ¥2,541 million, a decrease of ¥935 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥945 million decrease in long-term borrowings.」
While long-term borrowings decreased, short-term borrowings increased by ¥1,600 million and current liabilities increased by ¥1,032 million. Cash and deposits also decreased by ¥1,908 million, changing the burden in terms of debt composition and liquidity. - FY2020-Q2WorsenedAnnual report
「This was mainly due to a ¥385 million decrease in current income taxes payable and a ¥360 million decrease in the current portion of long-term borrowings, despite a ¥1,600 million increase in short-term borrowings. Non-current liabilities amounted to ¥2,198 million, a decrease of ¥1,279 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,164 million in long-term borrowings and ¥66 million in lease liabilities.」
While long-term borrowings and non-current liabilities decreased, short-term borrowings increased by ¥1,600 million, and cash and cash equivalents also decreased by ¥792 million from the end of the previous fiscal year, changing the burden in terms of debt composition and liquidity. - FY2020-Q1MitigatedAnnual report
「Current liabilities amounted to ¥9,571 million, a decrease of ¥857 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥512 million in current income taxes payable and ¥400 million in short-term borrowings. Non-current liabilities amounted to ¥3,174 million, a decrease of ¥303 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥258 million in long-term borrowings and ¥33 million in lease liabilities.」
Short-term borrowings decreased by ¥400 million and long-term borrowings by ¥258 million, resulting in decreases in both current and non-current liabilities from the end of the previous fiscal year. Cash and deposits also decreased by ¥1,544 million, so the figures do not indicate uniform improvement in liquidity. - FY2019WorsenedAnnual report
「Non-current liabilities amounted to ¥3,477 million, an increase of ¥1,777 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥867 million in long-term borrowings, ¥495 million in bonds, and ¥404 million in lease liabilities.」
Non-current liabilities increased by ¥1,777 million due to increases in long-term borrowings, bonds and lease liabilities, expanding borrowing and financing costs. - FY2019-Q3WorsenedAnnual report
「Non-current liabilities amounted to ¥2,799 million, an increase of ¥1,099 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥999 million increase in long-term borrowings.」
Long-term borrowings increased by ¥999 million and non-current liabilities also increased by ¥1,099 million, expanding debt exposure. - FY2019-Q2WorsenedAnnual report
「Non-current liabilities amounted to ¥3,172 million, an increase of ¥1,472 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,359 million in long-term borrowings and ¥62 million in lease obligations.」
Long-term borrowings increased by ¥1,359 million and non-current liabilities also increased by ¥1,472 million. Although the company received ¥2,870 million from long-term borrowings, repayments amounted to ¥1,478 million, expanding exposure to the borrowing burden. - FY2019-Q1MitigatedAnnual report
「Non-current liabilities amounted to ¥1,633 million, a decrease of ¥66 million from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings decreased by ¥193 million, despite a ¥73 million increase in lease obligations.」
Long-term borrowings decreased by ¥193 million and non-current liabilities also decreased by ¥66 million. Current liabilities increased by ¥189 million due to an increase in income taxes payable and other items, but part of the borrowing burden declined. - FY2018-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year amounted to ¥9,259 million, an increase of ¥717 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥325 million in short-term borrowings, ¥185 million in the current portion of long-term borrowings and ¥154 million in advances received. Non-current liabilities amounted to ¥2,182 million, a decrease of ¥306 million from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings decreased by ¥472 million, despite increases of ¥89 million in other non-current liabilities and ¥71 million in lease obligations.」
Although long-term borrowings decreased, short-term borrowings and the current portion of long-term borrowings increased, resulting in a ¥717 million increase in current liabilities. Cash and deposits also decreased by ¥483 million, indicating a deterioration in exposure to liquidity and borrowing burdens. - FY2018-Q2RestatedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year decreased by ¥264 million from the end of the previous consolidated fiscal year to ¥4,979 million. Factors increasing cash included quarterly profit before income taxes of ¥598 million and proceeds of ¥524 million from long-term borrowings, while factors reducing cash included ¥532 million in repayments of long-term borrowings and a ¥288 million increase in inventories.」
Although repayments of long-term borrowings exceeded new borrowings, cash and cash equivalents also decreased by ¥264 million due to the increase in inventories and other factors, indicating changes in both the borrowing burden and liquidity. - FY2018-Q1MitigatedAnnual report
「Current liabilities amounted to ¥8,330 million, a decrease of ¥211 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥245 million decrease in short-term borrowings. Non-current liabilities amounted to ¥2,289 million, a decrease of ¥198 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥230 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥245 million and long-term borrowings by ¥230 million, resulting in decreases in both current and non-current liabilities from the end of the previous fiscal year. - FY2017-Q3RestatedAnnual report
「Short-term borrowings 3,245,000 2,520,000 Current portion of long-term borrowings 560,008 960,008 Long-term borrowings 1,364,992 2,134,986」
Long-term borrowings increased from ¥1,364.992 million at the end of March 2016 to ¥2,134.986 million, and the borrowing burden remained high. Meanwhile, the quarterly securities report stated that there were no material changes in the business risks. - FY2017-Q2WorsenedAnnual report
「Although there were proceeds of ¥1,800 million from long-term borrowings, these were offset by factors that reduced cash, including a net decrease of ¥645 million in short-term borrowings, ¥405 million in repayments of long-term borrowings and ¥198 million in dividend payments.」
The company raised ¥1,800 million through long-term borrowings, and the balance of long-term borrowings increased from ¥1,364.992 million at the end of the previous fiscal year to ¥2,359.988 million. - FY2017-Q1WorsenedAnnual report
「Non-current liabilities amounted to ¥2,901 million, an increase of ¥1,253 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,249 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,249 million and non-current liabilities increased by ¥1,253 million, expanding exposure to liquidity and financial burdens associated with higher borrowings. - FY2016First statedAnnual report
「The Group manages liquidity risk by managing Group-wide funds in a timely manner, diversifying its financing methods, adjusting the balance between short- and long-term financing in consideration of market conditions, and maintaining liquidity on hand.」
Borrowings and other debt at the end of the current fiscal year increased from the end of the previous fiscal year, with total long-term and short-term borrowings reaching ¥4,609.992 million.