Funding Risk Arising from Deterioration in Financial Markets and Creditworthiness
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In addition to existing short-term borrowing facilities, we newly established a commercial paper issuance facility during the current consolidated fiscal year. We are also working to stabilize and diversify funding by considering the introduction of commitment lines and the issuance of additional bonds.」
As measures to address funding risk, the company newly established a commercial paper issuance facility and is diversifying funding methods, including considering commitment lines and additional bond issuance. - FY2022WorsenedAnnual report
「If geopolitical risks, including the Russia-Ukraine issue, intensify, or if the spread of COVID-19 becomes prolonged or more severe, the likelihood of this risk materializing will increase.」
Regarding the funding risk arising from financial market instability and deteriorating creditworthiness, the company has added geopolitical risks, including the Russia-Ukraine issue, and describes the increased likelihood of the risk materializing. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no occurrence or material change regarding the funding risk arising from financial market instability and deteriorating creditworthiness. - FY2020First statedAnnual report
「If financial markets are unstable, or if our credit rating assigned by a rating agency is downgraded due to a deterioration in our group's creditworthiness, there is no guarantee that our group will be able to raise funds promptly and on favorable terms.」
The company has identified financial market instability, credit-rating downgrades, and deterioration in funding terms due to the prolonged spread of infectious diseases as new risks, and is considering commitment lines and additional bond issuance.