Liquidity Risk Relating to Borrowings and Trade Payables
First written in FY2018. 18 of 28 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-08-05.
- 2026-08-05WorsenedEarnings
「Total liabilities were ¥151.458 billion, an increase of ¥24.111 billion from the end of the previous consolidated fiscal year. This was mainly due to increases in short-term and long-term borrowings, despite a decrease in income taxes payable.」
Short-term borrowings increased from ¥11.344 billion to ¥35.560 billion, and long-term borrowings from ¥57.009 billion to ¥61.627 billion, increasing liquidity exposure associated with borrowings. - FY2026MitigatedAnnual report
「Short-term borrowings decreased by ¥1.2512 billion, while long-term borrowings due within 1 year increased by ¥535.3 million and ... long-term borrowings increased by ¥238.8 million」
Although total liabilities increased, short-term borrowings declined from ¥2.3856 billion to ¥1.1344 billion, lengthening the maturity profile of borrowings. Liquidity risk remains, but dependence on short-term borrowings has declined. - FY2025WorsenedAnnual report
「As of March 2025, net interest-bearing debt was ¥75.1 billion and the net debt-to-equity ratio was 1.5x. A significant change in current interest rate levels could affect the Group's operating results and financial position.」
Net interest-bearing debt increased to ¥75.1 billion, expanding liquidity and interest rate exposure associated with borrowings and operating liabilities. - FY2025-H1Decrease in liabilities; increase in short-term repayment burdenAnnual report
「Total liabilities at the end of the interim consolidated accounting period were ¥123,111 million, a decrease of ¥461.8 million from the end of the previous consolidated fiscal year. This was mainly because short-term borrowings and contributions received for specified joint real estate ventures decreased, despite an increase in bills and accounts payable.」
While total liabilities declined, long-term borrowings due within 1 year increased, changing the composition of liquidity exposure, including the short-term repayment burden. - FY2024WorsenedAnnual report
「Total liabilities at the end of the current consolidated fiscal year amounted to ¥127.730 billion, an increase of ¥1.1858 billion from the end of the previous consolidated fiscal year. This was due to an increase of ¥1.4184 billion in long-term borrowings due within 1 year and an increase of ¥266.4 million in long-term borrowings.」
Increases in borrowings due for short-term repayment and long-term borrowings expanded total liabilities and funding-related liquidity exposure. - FY2024-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year were ¥133,791 million, an increase of ¥1,791.9 million from the end of the previous consolidated fiscal year. This was mainly because short-term and long-term borrowings increased, despite a decrease in bills and accounts payable.」
Short-term borrowings increased from ¥3.4315 billion to ¥4.3563 billion, and long-term borrowings increased from ¥4.4562 billion to ¥4.7627 billion, while total liabilities also increased by ¥1.7919 billion. Liquidity exposure associated with borrowings and operating liabilities is expanding. - FY2024-Q2Decrease in liabilities; increase in short-term repayment burdenAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year were ¥114,878 million, a decrease of ¥99.3 million from the end of the previous consolidated fiscal year. This was mainly because bills and accounts payable decreased, despite an increase in the current portion of long-term borrowings.」
While total liabilities declined, long-term borrowings due within 1 year increased, changing the composition of liquidity exposure, including the short-term repayment burden. - FY2024-Q1Decrease in liabilities; increase in short-term repayment burdenAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year amounted to ¥114.595 billion, down ¥1.276 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in notes and accounts payable, despite an increase in long-term borrowings due within 1 year.」
While total liabilities declined, long-term borrowings due within 1 year increased, changing the composition of liquidity exposure. - FY2023Increase in borrowings; reduction in operating cash outflowsAnnual report
「While there were outflows of ¥2.9708 billion, mainly for the repayment of long-term borrowings, inflows from long-term borrowings amounted to ¥3.5477 billion, resulting in an increase in cash of ¥388.5 million.」
While cash outflows from operating activities contracted, inflows from long-term borrowings exceeded repayments, and the balance of long-term borrowings increased from ¥3.3773 billion to ¥4.4562 billion. - FY2023-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year were ¥130,518 million, an increase of ¥2,191.4 million from the end of the previous consolidated fiscal year. This was mainly due to increases in short-term and long-term borrowings.」
Total liabilities increased by ¥2.1914 billion from the end of the previous fiscal year due to increases in short-term and long-term borrowings, expanding funding-related liquidity exposure. - FY2023-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year were ¥121,540 million, an increase of ¥1,293.6 million from the end of the previous consolidated fiscal year. This was mainly because short-term and long-term borrowings increased, despite a decrease in bills and accounts payable.」
Total liabilities increased by ¥1.2936 billion from the end of the previous fiscal year. Short-term borrowings increased from ¥3.3804 billion to ¥3.8595 billion, and long-term borrowings increased from ¥3.3773 billion to ¥4.1514 billion. Cash outflows from operating activities also expanded, increasing liquidity exposure. - FY2023-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current fiscal year were ¥119,586 million, an increase of ¥1,098.2 million from the end of the previous consolidated fiscal year. This was mainly because short-term borrowings, the current portion of long-term borrowings and long-term borrowings increased, despite a decrease in bills and accounts payable.」
Total liabilities increased by ¥1.0982 billion from the end of the previous fiscal year. While cash and deposits declined, borrowings increased, expanding funding-related liquidity exposure. - FY2022WorsenedAnnual report
「While there were outflows of ¥2.4124 billion, mainly for the repayment of long-term borrowings, inflows from long-term borrowings amounted to ¥3.2257 billion, resulting in an increase in cash of ¥1.3093 billion.」
Inflows from long-term borrowings were generated to offset cash outflows from operating activities, and long-term borrowings increased from ¥2.6309 billion to ¥3.3773 billion. - FY2022-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year were ¥118,817 million, an increase of ¥1,028.5 million from the end of the previous consolidated fiscal year. This was mainly because short-term and long-term borrowings increased, despite a decrease in bills and accounts payable.」
Total liabilities increased by ¥1.0285 billion due to increases in short-term and long-term borrowings, expanding funding-related liquidity exposure associated with borrowings and operating liabilities. - FY2022-Q2WorsenedAnnual report
「Net cash used in operating activities was ¥16,311 million, mainly because, although trade receivables and contract assets decreased by ¥2,911 million, inventory increased by ¥9,260 million and deposits received decreased by ¥4,410 million. [The cumulative consolidated period for the same quarter of the previous year recorded a decrease of ¥1,574 million]」
Cash outflows from operating activities expanded to ¥16.311 billion, mainly due to inventory acquisitions, while cash and deposits declined to ¥21.941 billion. This indicates liquidity exposure associated with debt financing. - FY2022-Q1Decrease in cash and liabilitiesAnnual report
「Total liabilities at the end of the first quarter of the consolidated fiscal year under review amounted to ¥98.678 billion, a decrease of ¥9.853 billion from the end of the previous consolidated fiscal year. This was mainly due to decreases in notes and accounts payable and long-term borrowings due within 1 year, despite an increase in long-term borrowings.」
While total liabilities declined, cash and deposits also decreased from ¥31.186 billion to ¥18.69 billion, and long-term borrowings increased from ¥26.309 billion to ¥33.26 billion. Liquidity exposure thus reflects the concurrent decreases in liabilities and cash. - FY2021MitigatedAnnual report
「Total liabilities at the end of the consolidated fiscal year amounted to ¥108.531 billion, a decrease of ¥4.666 billion from the end of the previous consolidated fiscal year.」
Total liabilities declined from the end of the previous fiscal year due to decreases in long-term borrowings and a significant improvement in cash flow from operating activities. - FY2021-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year were ¥114,193 million, an increase of ¥99.5 million from the end of the previous consolidated fiscal year. This was mainly because short-term borrowings and the current portion of long-term borrowings increased, despite decreases in long-term borrowings and contributions received for specified joint real estate ventures.」
Total liabilities increased by ¥995 million from the end of the previous fiscal year due to increases in short-term borrowings and long-term borrowings due within 1 year, increasing funding-related liquidity exposure. - FY2021-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year were ¥115,468 million, an increase of ¥227 million from the end of the previous consolidated fiscal year. This was mainly because short-term borrowings and the current portion of long-term borrowings increased, despite decreases in bills and accounts payable and long-term borrowings.」
Although the decrease in cash flow from operating activities narrowed, total liabilities increased by ¥2.27 billion from the end of the previous fiscal year due to increases in short-term borrowings and long-term borrowings due within 1 year. - FY2021-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current fiscal year were ¥120,167 million, an increase of ¥696.9 million from the end of the previous consolidated fiscal year. This was mainly due to financing undertaken in connection with the acquisition of inventories.」
Liabilities increased as funds were raised to acquire inventories, increasing liquidity exposure associated with borrowings and trade payables. - FY2020-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year were ¥119,617 million, an increase of ¥2,127.3 million from the end of the previous consolidated fiscal year. This was mainly due to increases in short-term and long-term borrowings.」
Total liabilities increased by ¥2.1273 billion from the end of the previous fiscal year due to increases in short-term and long-term borrowings, increasing funding-related liquidity exposure associated with borrowings and trade payables. - FY2020-Q2WorsenedAnnual report
「Cash flow from operating activities decreased by ¥19.744 billion. This was mainly because, despite recording quarterly profit before income taxes of ¥2.327 billion, inventories increased by ¥20.535 billion as the acquisition of business-use land and investment properties progressed.」
Cash outflows from operating activities associated with the acquisition of business-use land and investment properties amounted to ¥19.744 billion, increasing exposure to liquidity risk relating to borrowings and trade payables. - FY2020-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current fiscal year were ¥106,086 million, an increase of ¥774.2 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in long-term borrowings.」
Total liabilities increased due to higher long-term borrowings, and the figures indicate increased funding-related liquidity exposure associated with trade payables and borrowings. - FY2019WorsenedAnnual report
「Cash flow from operating activities decreased by ¥15.068 billion. This was mainly because, despite recording ¥5.488 billion in profit before income taxes, inventories increased by ¥19.674 billion as trade payables declined by ¥1.229 billion and the acquisition of investment properties and business-use land progressed steadily.」
Cash outflows from operating activities associated with inventory acquisition amounted to ¥15.068 billion, indicating increased exposure to liquidity risk relating to borrowings and trade payables. - FY2019-Q2WorsenedAnnual report
「Net cash used in operating activities was ¥11,680 million, mainly because, although pretax quarterly profit was ¥2,261 million, inventory increased by ¥10,763 million as acquisitions of business-use land and investment properties progressed.」
Cash flow from operating activities decreased by ¥11.68 billion, reflecting increased cash outflows associated with inventory acquisition. The figures indicate increased exposure to liquidity risk associated with financing. - FY2018First statedAnnual report
「Trade payables and borrowings are exposed to liquidity risk associated with financing, namely the risk of being unable to make payments when they fall due.」
For trade payables and borrowings, the company separately and explicitly identified for the first time the liquidity risk of being unable to make payments when they fall due.