Credit Risk on Trade Receivables and Liquidity and Interest Rate Risk Associated with Borrowings
First written in FY2017. 9 of 13 entries say "Mitigated", first in FY2018. Latest entry: FY2024.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The balance of non-current liabilities was ¥271.447 million, a decrease of ¥693.858 million from the end of the previous fiscal year. This was mainly due to a decrease of ¥708.345 million in long-term borrowings. As of 30 September 2024, there were no outstanding borrowings drawn under the agreement.」
The Company repaid all long-term borrowings, and outstanding borrowings drawn under the commitment line also fell to zero. Exposure to liquidity and interest-rate risk related to borrowings decreased. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a decrease of ¥49.998 million in long-term borrowings and an increase of ¥9.875 million in the retirement benefit provision.」
Long-term borrowings decreased by ¥49.998 million from the end of the previous fiscal year, and the balance of non-current liabilities also decreased by ¥41.647 million. Exposure to liquidity and interest-rate risk related to borrowings decreased. - FY2023MitigatedAnnual report
「The balance of non-current liabilities at the end of the fiscal year was ¥965.305 million, a decrease of ¥83.460 million from the end of the previous fiscal year. This was mainly due to a decrease of ¥99.996 million in long-term borrowings and an increase of ¥15.896 million in the retirement benefit provision. To procure working capital stably and efficiently, the Company has entered into a commitment line agreement with its lead bank, Mitsubishi UFJ Bank, Ltd., with a borrowing limit of ¥2,500 million. As of 30 September 2023, there were no outstanding borrowings drawn under the agreement.」
Long-term borrowings decreased by ¥99.996 million. The Company maintained its ¥2.5 billion commitment line, while outstanding borrowings drawn under the line were zero. - FY2023-Q3MitigatedAnnual report
「The balance of non-current liabilities was ¥987.779 million, a decrease of ¥60.986 million from the end of the previous fiscal year. This was mainly due to a decrease of ¥74.997 million in long-term borrowings and an increase of ¥12.405 million in the retirement benefit provision.」
Long-term borrowings decreased by ¥74.997 million from the end of the previous fiscal year, further reducing exposure to liquidity and interest-rate risk related to borrowings. - FY2023-Q2MitigatedAnnual report
「This was mainly due to a decrease of ¥49.998 million in long-term borrowings and an increase of ¥7.596 million in the retirement benefit provision.」
Long-term borrowings decreased by ¥49.998 million from the end of the previous fiscal year, reducing exposure to liquidity and interest-rate risk related to borrowings. - FY2023-Q1MitigatedAnnual report
「This was mainly due to a decrease of ¥24.999 million in long-term borrowings and an increase of ¥4.206 million in the retirement benefit provision.」
Long-term borrowings decreased by ¥24.999 million from the end of the previous fiscal year, reducing exposure to liquidity and interest-rate risk related to borrowings. - FY2022-Q2WorsenedAnnual report
「The balance of non-current liabilities was ¥1,088.344 million, an increase of ¥871.773 million from the end of the previous fiscal year. This was mainly due to an increase of ¥858.339 million in long-term borrowings and an increase of ¥13.402 million in the retirement benefit provision.」
Non-current liabilities increased by ¥871.773 million from the end of the previous fiscal year, including an increase of ¥858.339 million in long-term borrowings. Exposure to liquidity and interest-rate risk related to borrowings increased. - FY2022-Q1WorsenedAnnual report
「The balance of non-current liabilities was ¥1,107.455 million, an increase of ¥890.884 million from the end of the previous fiscal year. This was mainly due to an increase of ¥883.338 million in long-term borrowings and an increase of ¥7.530 million in the retirement benefit provision.」
Long-term borrowings, which were not present at the end of the previous fiscal year, increased by ¥883.338 million, and the portion of borrowings due for repayment within one year of ¥99.996 million was also recorded. Exposure to liquidity and interest-rate risk related to borrowings increased. - FY2021MitigatedAnnual report
「To procure working capital stably and efficiently, the Company has entered into a commitment line agreement with its lead bank, Mitsubishi UFJ Bank, Ltd., with a borrowing limit of ¥2,500 million. As of 30 September 2021, there were no outstanding borrowings drawn under the agreement.」
The Company maintained its ¥2.5 billion commitment line, while outstanding borrowings drawn under the line fell to zero at the end of September 2021 from ¥25 million at the end of the previous fiscal year. - FY2020MitigatedAnnual report
「To procure working capital stably and efficiently, the Company has entered into a commitment line agreement with its lead bank, Mitsubishi UFJ Bank, Ltd., with a borrowing limit of ¥2,500 million. As of 30 September 2020, the outstanding borrowings drawn under the agreement were ¥25 million.」
The Company described its commitment line agreement with a borrowing limit of ¥2.5 billion to ensure stable funding for working capital. - FY2019RestatedAnnual report
「Trade receivables, which are operating receivables, are exposed to customers' credit risk. In accordance with its credit management rules, the sales division obtains information on the business conditions, credit standing and other relevant matters for each business partner and sets credit limits for each counterparty.」
The Company continues to manage credit risk on trade receivables by setting credit limits, monitoring due dates and balances, and identifying and mitigating collection concerns at an early stage. - FY2018MitigatedAnnual report
「Trade receivables, which are operating receivables, are exposed to customers' credit risk. In accordance with its credit management rules, the sales division obtains information on the business conditions, credit standing and other relevant matters for each business partner and sets credit limits for each counterparty. It also manages due dates and outstanding balances by counterparty and seeks to identify and mitigate early any concerns about collection arising from deterioration in financial condition or other factors.」
The Company specifies the measures used to manage credit risk on trade receivables, including its credit management rules, counterparty-specific credit limits, monitoring of due dates and balances, and early identification and mitigation of collection concerns. - FY2017First statedAnnual report
「Trade receivables, which are operating receivables, are exposed to customers' credit risk. Borrowings are primarily used to procure funds required for working capital. The Accounting Section manages liquidity risk by preparing and updating cash flow schedules monthly and as necessary, and by maintaining cash on hand. A portion of the borrowings is exposed to interest-rate risk, which is hedged through derivative transactions.」
The Company identifies customer credit risk on trade receivables and liquidity and interest-rate risk on borrowings as financial risks.