Solvency and Liquidity Risk
First written in FY2016. 10 of 18 entries say "Worsened", first in FY2022. Latest entry: FY2026.
- FY2026WorsenedAnnual report
「Cash used as a result of operating activities was ¥1,064 million, compared with ¥1,062 million of cash used in the previous consolidated fiscal year.」
While operating cash outflows continued, short-term borrowings increased by ¥1,050 million, and pressure on liquidity continued. No occurrence of payment default was reported. - 2026-05-12WorsenedRevisions to earnings forecasts
「当連結会計年度末における現金及び現金同等物（以下「資金」という。）は、25億58百万円（前連結会計年度末比４億43百万円減）となりました。営業活動の結果支出した資金は10億64百万円（前連結会計年度は10億62百万円の支出）となりました。」
営業活動による資金支出が続き、期末現金及び現金同等物も前年度末から減少している。 - FY2026-H1WorsenedAnnual report
「Total liabilities at the end of the current interim consolidated accounting period increased by ¥2,349 million from the end of the previous consolidated fiscal year to ¥15,731 million. This was due, among other factors, to increases of ¥904 million in notes and accounts payable and ¥1,250 million in short-term borrowings.」
Total liabilities increased by ¥2,349 million, and short-term borrowings also increased by ¥1,250 million. Net cash used in operating activities was ¥2,132 million, while cash and cash equivalents totaled ¥1,794 million, indicating increased pressure on liquidity. - FY2025WorsenedAnnual report
「Cash used as a result of operating activities was ¥1,062 million, compared with cash provided of ¥2,651 million in the previous consolidated fiscal year.」
Operating cash flow turned from ¥2,651 million of inflow in the previous fiscal year to ¥1,062 million of outflow. Meanwhile, short-term borrowings decreased by ¥100 million. - FY2025-H1Operating cash outflow and decrease in short-term borrowings occurring togetherAnnual report
「Net cash used in operating activities was ¥1,156 million, compared with net cash provided of ¥1,190 million in the same period of the previous year, mainly due to decreases of ¥1,075 million from lower trade payables and ¥760 million from higher inventories, partly offset by an increase of ¥765 million from lower trade receivables.」
Operating cash flow turned from ¥1,190 million of inflow in the same period of the previous year to ¥1,156 million of outflow. Meanwhile, short-term borrowings decreased by ¥350 million, with an improvement factor for liquidity pressure occurring alongside cash outflows. - FY2024-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥5,134 million from the end of the previous consolidated fiscal year to ¥19,390 million. This was mainly due to increases of ¥4,178 million in notes and accounts payable and ¥700 million in short-term borrowings.」
Short-term borrowings increased by ¥700 million and total liabilities increased by ¥5,134 million, resulting in renewed pressure on liquidity and solvency after the decrease in short-term borrowings in the previous quarter. No occurrence of payment default was reported. - FY2024-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥563 million from the end of the previous consolidated fiscal year to ¥14,819 million. This was due, among other factors, to an increase of ¥1,604 million in notes and accounts payable, partly offset by a ¥1,200 million decrease in short-term borrowings. Net cash provided by operating activities was ¥1,190 million, compared with net cash used of ¥2,489 million in the same period of the previous year, mainly due to an increase of ¥1,604 million in funds from higher trade payables and a decrease of ¥585 million in funds from higher trade receivables.」
Total liabilities increased due to higher accounts payable, while short-term borrowings decreased by ¥1,200 million, and operating cash flow improved from ¥2,489 million of outflow in the same period of the previous year to ¥1,190 million of inflow. No occurrence of payment default was reported. - FY2024-Q1Accounts payable increase and short-term borrowings decrease occurring togetherAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥1,184 million from the end of the previous consolidated fiscal year to ¥15,440 million. This was due, among other factors, to an increase of ¥1,447 million in notes and accounts payable, partly offset by a ¥400 million decrease in short-term borrowings.」
Total liabilities increased by ¥1,184 million, while short-term borrowings decreased by ¥400 million, resulting in an increase in liabilities driven by higher accounts payable. No occurrence of payment default was reported. - FY2023WorsenedAnnual report
「Net cash used in operating activities during the current consolidated fiscal year was ¥349 million, compared with ¥2,000 million of net cash used in the previous consolidated fiscal year.」
The operating cash-flow deficit narrowed from ¥2,000 million in the previous fiscal year to ¥349 million, but cash outflows continued, and short-term borrowings increased by ¥900 million to procure inventory. - FY2023-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥8,273 million from the end of the previous consolidated fiscal year to ¥21,789 million. This was mainly due to increases of ¥3,846 million in notes and accounts payable and ¥4,200 million in short-term borrowings, among other factors.」
Total liabilities and short-term borrowings increased significantly, further increasing pressure on solvency and liquidity. No occurrence of payment default was reported. - FY2023-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥2,844 million from the end of the previous consolidated fiscal year to ¥16,361 million. This was mainly due to an increase of ¥2,700 million in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥2,700 million from the end of the previous consolidated fiscal year, while total liabilities increased by ¥2,844 million. Net cash used in operating activities was also ¥2,489 million, and liquidity pressure continued. - FY2023-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥1,979 million from the end of the previous consolidated fiscal year to ¥15,495 million. This was mainly due to increases of ¥655 million in notes and accounts payable and ¥1,200 million in short-term borrowings.」
Short-term borrowings increased by ¥1,200 million and total liabilities increased by ¥1,979 million, indicating increased pressure on solvency and liquidity. - FY2022WorsenedAnnual report
「Net cash used in operating activities during the current consolidated fiscal year was ¥2,000 million, compared with net cash provided of ¥285 million in the previous fiscal year.」
Operating cash flow deteriorated from ¥285 million of inflow in the previous fiscal year to ¥2,000 million of outflow, increasing pressure on liquidity. - FY2021RestatedAnnual report
「Short-term borrowings are used mainly to procure working capital and are exposed to liquidity risk, meaning the risk of being unable to make payments when due.」
The company continues to recognize solvency and liquidity risks associated with short-term borrowings. - FY2020RestatedAnnual report
「Short-term borrowings are used mainly to procure working capital and are exposed to liquidity risk, meaning the risk of being unable to make payments when due.」
The company continues to recognize solvency and liquidity risks associated with working capital financing. - FY2019RestatedAnnual report
「Short-term borrowings are used mainly to procure working capital and are exposed to liquidity risk, meaning the risk of being unable to make payments when due.」
The company continues to recognize solvency and liquidity risks associated with working capital financing. - FY2017RestatedAnnual report
「Short-term borrowings are used mainly to procure working capital and are exposed to liquidity risk, meaning the risk of being unable to make payments when due.」
The company continues to recognize solvency and liquidity risks associated with working capital financing. - FY2016First statedAnnual report
「Short-term borrowings are used mainly to procure working capital and are exposed to liquidity risk, meaning the risk of being unable to make payments when due.」
This describes the procurement of working capital through financing from banks and related-company subsidiaries, together with management through the maintenance of cash liquidity.