Liquidity risk from reliance on borrowings and corporate bonds, and commitment lines
First written in FY2020. 5 of 7 entries say "Worsened", first in FY2023. Latest entry: 2026-08-03.
NH Foods moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
4 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The Group raised funds to prepare for near-term funding needs, resulting in a 3.6% year-on-year increase in interest-bearing debt to ¥231,970 million.」
The Group raised funds to address near-term funding needs, resulting in a 3.6% year-on-year increase in interest-bearing debt to ¥231,970 million. Exposure to liquidity risk and future interest expense associated with borrowings and bonds has increased. - FY2025-H1WorsenedAnnual report
「Liabilities increased by ¥32 million from the end of the previous consolidated fiscal year to ¥419,067 million. Other current liabilities fell 20.9% year on year to ¥38,545 million, mainly due to the recognition of deferred revenue related to season tickets for ES CON FIELD HOKKAIDO, while interest-bearing debt rose 9.9% to ¥236,099 million as the Group raised funds to prepare for near-term funding needs.」
The Group raised funds to address near-term funding needs, resulting in a 9.9% year-on-year increase in interest-bearing debt to ¥236,099 million. Exposure to liquidity risk and future interest expense related to borrowings and bonds has increased. - FY2023WorsenedAnnual report
「As of the end of March 2023, most of the approximately ¥242.1 billion in interest-bearing debt was at fixed interest rates, and the direct impact of rising interest rates is therefore expected to remain limited for the time being. However, the Group's operating results and financial position may be affected in a future period of rising interest rates as higher interest expense increases the cost of financing.」
Interest-bearing debt rose to approximately ¥242.1 billion from ¥211.4 billion at the end of the previous fiscal year. While most debt was at fixed interest rates and the direct impact is expected to remain limited for the time being, the Group continues to disclose its liquidity and interest rate risks. - FY2022RestatedAnnual report
「The Group monitors and assesses its funding plans on an ongoing basis and manages them through the use of a cash management system and reports from subsidiaries. While estimating the level of working capital required under this framework, the Group is working to mitigate liquidity risk by entering into commitment line agreements with multiple financial institutions.」
The Group continues to address liquidity risk through its cash management system, monitoring of funding plans, and commitment lines totaling ¥75,000 million. - FY2020First statedAnnual report
「The Group raises funds through borrowings and corporate bonds to conduct its business activities. As a result, it is exposed to liquidity risk, meaning the risk of being unable to meet payment obligations when they fall due.」
Liquidity risk arising from financing through borrowings and corporate bonds was presented separately, with mitigation measures including the CMS, monitoring of funding plans and commitment line agreements totalling ¥75,000 million.