Over-Indebtedness and Repayment Burden Among Small and Medium-Sized Enterprises
First written in FY2021. 5 of 7 entries say "Worsened", first in FY2022. Latest entry: FY2025-H1.
Tkc moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
1 other company's latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「However, the operating environment surrounding small and medium-sized businesses has become increasingly challenging in recent years due to soaring costs of various kinds.」
The environment surrounding small and medium-sized businesses, including repayment burdens and cash flows, was described as becoming even more challenging due to soaring costs. - FY2024-Q1WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to the continuing increase in bankruptcies among small and medium-sized businesses and worsening cash flows.」
Regarding repayment burdens and cash-flow risks at small and medium-sized businesses, an increase in bankruptcies was identified in addition to the previously challenging operating environment. - FY2023-Q3WorsenedAnnual report
「Meanwhile, the outlook remained uncertain because of global monetary tightening, higher raw material prices and worsening cash flows at small and medium-sized businesses as they began repaying zero-interest, unsecured loans.」
Regarding excessive debt and repayment burdens at small and medium-sized businesses, worsening cash flows associated with repayments was explicitly identified in addition to the start of repayments on zero-interest, unsecured loans and rising prices. - FY2023-Q1WorsenedAnnual report
「Small and medium-sized businesses are currently operating in a challenging environment due to the start of repayments on zero-interest, unsecured loans provided during the COVID-19 pandemic, as well as soaring prices and fuel costs.」
For small and medium-sized businesses, the risk of repayment burdens was presented alongside the start of repayments on zero-interest, unsecured loans and soaring prices and fuel costs, indicating that the challenging operating environment continues. - FY2022WorsenedAnnual report
「According to the National Tax Agency's October 2022 report, “Overview of Corporate Tax Returns and Taxation Results,” the percentage of all corporations reporting profits in fiscal 2021 was 35.7%. Although this was an increase of 0.7 percentage points from the previous fiscal year, approximately 65% of corporations remained loss-making.」
The scale of the challenging environment surrounding profitability and repayment burdens at small and medium-sized businesses was illustrated by the fact that approximately 65% of all corporations were loss-making. - FY2022-Q3MaterialisedAnnual report
「As excessive debt among small and medium-sized businesses began to emerge as an issue during the COVID-19 pandemic, the TKC Monitoring Information Service has been highly regarded by financial institutions and credit guarantee corporations supporting the management of small and medium-sized businesses because it rapidly provides monthly trial balances, annual financial statements and tax returns.」
The excessive debt of small and medium-sized businesses, previously identified as a future repayment burden, was described as beginning to emerge as a problem. - FY2021First statedAnnual report
「Many small and medium-sized businesses secured cash on hand by obtaining emergency loans and other financing while facing an uncertain future, and began repaying these loans from 2021. Their major challenge going forward is how to secure the profits needed to make repayments.」
For small and medium-sized businesses that received emergency loans during the COVID-19 pandemic, the start of repayments from 2021 and the need to secure sufficient profits were identified as challenges.