Leverage LevelA moderately high debt-to-equity ratio raises refinancing and interest-rate sensitivity risks and limits strategic optionality. If earnings or cash flow weaken, leverage can pressure liquidity, constrain growth investments and force tougher capital-allocation tradeoffs over the medium term.
Revenue Trend VolatilityA recent revenue decline coupled with volatile net income reduces predictability of cash generation and complicates planning for capex, dividends and debt repayment. Even with strong margins, persistent top-line weakness can erode coverage ratios and strain long-term financial stability.
Regional ConcentrationHeavy exposure to a single geographic market concentrates demand, regulatory and economic risk. Localized downturns, policy changes or competitive moves in Kyushu could materially affect revenues and growth prospects, limiting diversification and resilience over the next several months.