Financial Risk from Market Disruptions and Deteriorating Order Conditions
First written in FY2016. 15 of 25 entries say "Restated". Latest entry: FY2026.
Wakachiku Construction moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As a financial measure, we renewed our existing syndicated loan agreement with our financial institutions. We have also established a structure capable of responding flexibly to seasonal funding needs, thereby securing a more stable funding structure.」
The company discloses a funding structure incorporating the renewal of its syndicated loan, term loans, commitment lines and financial covenants in response to financial risks such as sudden market changes, deteriorating orders and declining real estate values. - FY2025-H1WorsenedAnnual report
「Going forward, attention needs to be paid to further price increases, soaring energy prices, exchange-rate fluctuations and developments in monetary policy. In addition, factors weighing on the global economy, including geopolitical instability and climate change, continue to require close attention.」
While continuing to highlight the need to monitor prices, exchange rates, monetary policy and geopolitical instability, the company explicitly identifies further price increases, higher energy prices and climate change as factors weighing on the economy. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy has been gradually recovering as social and economic activity normalizes, but attention must be paid to rising prices, foreign-exchange movements and developments in monetary policy. Factors weighing on the global economy, including geopolitical uncertainties, also remain a concern.」
While indicating the normalization of social and economic activity following the pandemic and an economic recovery, the company continues to explicitly identify rising prices, exchange-rate fluctuations, monetary policy and geopolitical uncertainties as factors weighing on the economy. - FY2024-Q1Normalization following the pandemic and identification of new factors requiring attentionAnnual report
「During the three-month period ended in the first quarter, Japan's economy continued to normalize economic activity against the backdrop of COVID-19 being reclassified as a Class 5 disease, although attention needs to be paid to rising prices, exchange-rate fluctuations and developments in monetary policy. In addition, factors weighing on the economy, including geopolitical uncertainties, continue to require close attention.」
While indicating that economic activity is normalizing following the reclassification of COVID-19 as a Class 5 disease, the company explicitly identifies prices, exchange rates, monetary policy and geopolitical uncertainties as continuing factors weighing on the economy. - FY2023-Q3WorsenedAnnual report
「During the nine-month period ended in the third quarter, Japan's economy continued to recover gradually in both private consumption and capital investment under the new normal of living with COVID-19, although attention needs to be paid to rising prices, exchange-rate fluctuations and developments in monetary policy. Close attention also needs to be paid to factors weighing on the economy, including concerns over an economic downturn overseas, particularly in Europe and the United States, and the spread of COVID-19 in China.」
While indicating an economic recovery, the company explicitly identifies rising prices, exchange-rate fluctuations, monetary policy, concerns over an overseas economic downturn and COVID-19 trends in China as matters requiring attention in the financial environment. - FY2023-Q2WorsenedAnnual report
「Looking ahead, the economy is expected to recover further as the transition to living with COVID-19 progresses and the effects of various policies take hold. However, attention will need to be paid to the impact of geopolitical risks on financial and capital markets and to the risk of an economic downturn caused by soaring raw material and resource prices.」
The company explicitly identifies the impact of geopolitical risks on financial and capital markets and the risk of an economic downturn resulting from higher raw material and resource prices. - FY2022WorsenedAnnual report
「Looking ahead, the economy is expected to recover further as infection-control measures become established and various government policies take effect. However, attention must continue to be paid to infection trends, including variants, and the impact of geopolitical risks on financial and capital markets.」
The company identifies the impact of geopolitical risks on financial and capital markets, in addition to infectious diseases, as a matter requiring attention going forward. - FY2021MitigatedAnnual report
「The company renewed its existing syndicated loan agreement with its financial institutions and entered into a new syndicated loan agreement. It has also established arrangements to respond flexibly to seasonal funding needs and secured a more stable funding structure.」
In response to financial risks from sharp market changes, deteriorating orders and declining real estate values, the company renewed its existing agreement, entered into a new agreement and established arrangements to address seasonal funding needs. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2021-Q1WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy was in an extremely severe condition as the spread of COVID-19 had a significant impact on domestic and overseas economies. Looking ahead, the economy is expected to begin recovering as efforts to prevent the spread of the infection continue and various government policies take effect. However, attention must be paid to future infection trends and the impact of financial and capital markets.」
The company identifies the significant impact of the spread of infectious disease on domestic and overseas economies and the extremely severe economic conditions, while continuing to call for attention to the impact on financial and capital markets. - FY2020-Q3RestatedAnnual report
「However, attention must be paid to developments in overseas economies and the impact of fluctuations in financial and capital markets.」
The company continues to state that attention must be paid to the impact of developments in overseas economies and fluctuations in financial and capital markets on operating results and the financial environment. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2018RestatedAnnual report
「The Group is working to establish a stable profit-generating structure and improve and strengthen its financial position. With regard to funding, it renewed its syndicated loan agreement with its financial institutions on 28 September 2017. It has also established arrangements to respond flexibly to seasonal funding needs and secured a more stable funding structure. However, if an unexpected sharp change in future market conditions causes changes in support from financial institutions, deterioration in the order environment or declines in the fair value of real estate held for sale and rental real estate, the Group's operating results and financial position may be materially affected.」
The company describes stable funding through the renewal of its syndicated loan and measures to address seasonal funding needs, while continuing to identify financial risks from sharp market changes, deteriorating orders and declining real estate fair values. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2017MitigatedAnnual report
「With regard to funding, the company renewed its syndicated loan agreement with its financial institutions on 28 September 2016. It has also established arrangements to respond flexibly to seasonal funding needs and secured a more stable funding structure.」
While stating that financial risks from sharp market changes and deterioration in the order environment remain, the company explains that it has stabilized its funding structure by renewing its syndicated loan and responding to seasonal funding needs. - FY2017-Q3RestatedAnnual report
「Concerns remain over the impact on the domestic economy of a downturn in overseas economies, developments under the new US administration, and fluctuations in financial and capital markets, and the economic outlook remains uncertain.」
The company indicates uncertainty in the economic and financial environment due to market fluctuations and other factors, but does not state that a new financial risk has arisen. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new risks or significant changes relating to financial risks arising from sharp market changes, deteriorating orders and declining real estate values. - FY2016First statedAnnual report
「However, if an unexpected sharp change in future market conditions causes changes in support from financial institutions, deterioration in the order environment or declines in the fair value of real estate held for sale and rental real estate, the Group's operating results and financial position may be materially affected.」
The company indicates that changes in market conditions, support from financial institutions, orders and real estate fair values may affect its financial position. It also states that the renewal of its syndicated loan agreement and measures to secure stable funding are in place.