Liquidity risk from borrowings, rising interest rates and financial covenants
First written in FY2025. 1 of 3 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-05-13.
The whole theme swung hardest in 2017: 8 of 55 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- 2026-05-13RestatedEarnings
「The borrowings related to the LBO before listing were refinanced in December 2025 following discussions with financial institutions.」
The completion of refinancing and the extension of the period before repayment became due have been reconfirmed as measures supporting liquidity. - FY2026-H1MitigatedAnnual report
「Through this refinancing, we will extend the maturity of the debt, allocate the increase in internal funds generated by operating cash flow to growth investment and expand the group while maintaining financial soundness, thereby continuing a “virtuous cycle combining growth and financial soundness” in which operating cash flow increases further, with the aim of building a financial structure capable of responding to unexpected risks.」
Shows a response to liquidity risk related to repayment maturities through refinancing existing borrowings and extending the maturity of the debt. Floating interest rates and financial covenants remain under the new agreement. - FY2025First statedAnnual report
「If interest rates rise in the future or the lending stance of financial institutions changes, this could affect our group’s financial position and operating results through higher financing costs and an impact on our ability to secure funds.」
Identifies the balance of borrowings, floating interest rates, financial covenants and the possibility of lump-sum repayment as risks.