Funding Risk Due to Financial Market Turmoil and Credit Rating Downgrades
First written in FY2016. 18 of 28 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
「At the end of the fiscal year, undrawn commitment lines amounted to ¥200.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, the company has established lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company increased the yen-denominated portion of its undrawn commitment lines from ¥170.0 billion at the end of the previous fiscal year to ¥200.0 billion, while maintaining the US$100 million foreign-currency facility and lending facilities for overseas subsidiaries. - 2026-05-07MitigatedRevisions to earnings forecasts
「At the end of the current consolidated fiscal year, the unused amount under the commitment lines was ¥200.0 billion for yen-denominated facilities and US$100 million for foreign-currency facilities.」
Increased the yen-denominated portion of the unused commitment lines to ¥200.0 billion, expanding liquidity support. - FY2026-H1MitigatedAnnual report
「In addition to maintaining a sufficient liquidity ratio, the company secures funding stability through commitment lines established with its principal relationship banks. At the end of the interim consolidated accounting period, undrawn commitment lines amounted to ¥190.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company increased the yen-denominated portion of its undrawn commitment lines from ¥170.0 billion at the end of the previous fiscal year to ¥190.0 billion, while maintaining the US$100 million foreign-currency facility and emergency lending facilities for overseas subsidiaries. - FY2025-H1RestatedAnnual report
「In addition to maintaining a sufficient liquidity ratio, the company secures funding stability through commitment lines established with its principal relationship banks. At the end of the interim consolidated accounting period, undrawn commitment lines amounted to ¥170.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its response to funding liquidity risk through liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. Undrawn commitment lines amounted to ¥170.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities, maintaining the level disclosed at the end of the previous fiscal year. - FY2024MitigatedAnnual report
「At the end of the fiscal year, undrawn commitment lines amounted to ¥170.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, the company has established lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company updated undrawn commitment lines from ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities to ¥170.0 billion and US$100 million, respectively, and continued its liquidity measures, including emergency lending facilities for overseas subsidiaries. - FY2024-Q2RestatedAnnual report
「In addition to maintaining a sufficient liquidity ratio, the company secures funding stability through commitment lines established with its principal relationship banks. At the end of the second quarter, undrawn commitment lines amounted to ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its response to funding liquidity risk through liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. - FY2024-Q1RestatedAnnual report
「In addition to maintaining a sufficient liquidity ratio, the company secures funding stability through commitment lines established with its principal relationship banks. At the end of the first quarter, undrawn commitment lines amounted to ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its response to funding liquidity risk through liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. Undrawn commitment lines amounted to ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities. - FY2023MitigatedAnnual report
「During the fiscal year, with regard to short-term liquidity, the company maintained funding facilities including commitment lines, overdraft facilities and commercial paper issuance facilities to secure liquidity on hand. At the end of the fiscal year, undrawn commitment lines amounted to ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities.」
The response to liquidity risk included liquidity on hand, multiple funding sources, undrawn commitment lines of ¥150.0 billion in yen-denominated facilities and US$100 million in foreign-currency facilities, and emergency lending facilities for overseas subsidiaries. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year, with regard to short-term liquidity, the company maintained funding facilities including commitment lines, overdraft facilities and commercial paper issuance facilities to secure liquidity on hand.」
The company reconfirmed its established approach to securing short-term liquidity by combining commitment lines, overdraft facilities and commercial paper issuance facilities, among others. - FY2023-Q2RestatedAnnual report
「As part of its funding measures based on its recognition of funding liquidity risks associated with the spread of COVID-19 and soaring raw material and fuel prices resulting from the situation in Ukraine and other factors, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
In light of the COVID-19 pandemic, the situation in Ukraine and other factors, the company reconfirmed its funding response through liquidity on hand, commitment lines and emergency lending facilities for overseas consolidated subsidiaries. - FY2023-Q1RestatedAnnual report
「As part of its funding measures based on its recognition of funding liquidity risks associated with the spread of COVID-19 and soaring raw material and fuel prices resulting from the situation in Ukraine and other factors, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
In light of the COVID-19 pandemic, the situation in Ukraine and other factors, the company reconfirmed its funding response through liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. - FY2022MitigatedAnnual report
「During the fiscal year, with regard to short-term liquidity, the company maintained funding facilities including commitment lines, overdraft facilities and commercial paper issuance facilities to secure liquidity on hand.」
The company continued to maintain liquidity on hand, commitment lines, cash management and diversified funding sources, reducing interest-bearing debt to ¥363.9 billion, down ¥42.8 billion year on year. - FY2022-Q3RestatedAnnual report
「As part of its funding measures based on its recognition of risks associated with COVID-19, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its funding response, combining liquidity on hand, commitment lines and emergency lending facilities for overseas consolidated subsidiaries. - FY2022-Q2RestatedAnnual report
「As part of its funding measures based on its recognition of risks associated with COVID-19, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its funding response, combining liquidity on hand, commitment lines and emergency lending facilities for overseas consolidated subsidiaries. - FY2021MitigatedAnnual report
「As part of its funding measures based on its recognition of risks associated with COVID-19, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company continues to address funding risks during the COVID-19 pandemic through a combination of liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. Cash and cash equivalents at fiscal year-end were ¥181.6 billion. - FY2021-Q3RestatedAnnual report
「As part of its funding measures based on its recognition of risks associated with COVID-19, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
The company reconfirmed its funding response during the COVID-19 pandemic, combining liquidity on hand, commitment lines and emergency lending facilities for overseas subsidiaries. - FY2021-Q2MitigatedAnnual report
「As part of its funding measures based on its recognition of risks associated with COVID-19, the company secures funding stability by maintaining a sufficient liquidity ratio and commitment lines already established with its principal relationship banks. In addition, it has established emergency lending facilities for overseas consolidated subsidiaries that may face funding liquidity and other risks, creating a support framework for their temporary cash-flow needs.」
In response to funding risks during the COVID-19 pandemic, the company implemented a combination of liquidity on hand, commitment lines with its principal relationship banks and emergency lending facilities for overseas subsidiaries. - FY2020MitigatedAnnual report
「The Group maintains sufficient liquidity on hand on a consolidated basis, thereby enhancing its resilience in times of crisis, and has established regional cash management systems to make effective use of surplus funds across the Group. It is also diversifying its funding sources, including bonds, commercial paper, borrowings from financial institutions and the securitisation of trade receivables, while staggering maturities. In addition, it maintains commitment lines and other facilities as a backup.」
In response to funding risks during the COVID-19 pandemic, the company described a combination of liquidity on hand, cash management, diversified funding sources and commitment lines. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new developments or material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no material changes overall in the risk of funding difficulties arising from financial market disruption or credit rating downgrades. - FY2016First statedAnnual report
「Disruption or suspension of financial markets, downgrades to the Group's credit ratings by credit rating agencies, and changes in the lending decisions and policies of financial institutions and others may affect the Group's ability to raise funds, increase funding costs and impair liquidity, meaning that the Group may be unable to raise the funds it needs in the required amount when needed.」
The disclosure describes commitment lines, overdraft facilities, commercial paper issuance facilities, and diversification of bonds and borrowings.