Funding Risk from Changes in Financial Institutions’ Credit Policies
First written in FY2022. 7 of 13 entries say "Worsened", first in FY2023. Latest entry: 2026-10-19.
Home Position moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「This was mainly due to an increase of ¥674.658 million in short-term borrowings. Fixed liabilities amounted to ¥1,531.899 million, an increase of ¥181.749 million from the end of the previous fiscal year. This was mainly due to increases of ¥135.707 million in long-term borrowings and ¥44.500 million in bonds, respectively.」
Interest-bearing debt increased from the end of the previous fiscal year, with both short- and long-term borrowings and bonds increasing. Exposure to funding risk arising from reliance on borrowings from financial institutions has increased. - FY2025Increase in borrowings alongside a third-party allotmentAnnual report
「The company finances more than half of the funds essential to its business operations, including the acquisition of project sites, through borrowings from financial institutions, and the balance of interest-bearing debt at the end of the fiscal year was ¥7,703.992 million.」
While interest-bearing debt increased from the end of the previous fiscal year, capital was also strengthened through a third-party allotment to KEIAI STAR Real Estate Co., Ltd. - FY2025-H1MitigatedAnnual report
「As a result, the equity ratio was 39.8% (29.6% at the end of the previous fiscal year).」
The company’s financial exposure related to its reliance on borrowings from financial institutions has decreased as a result of strengthening equity through a third-party allotment and increasing the equity ratio. - FY2024MitigatedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year was ¥7,290.858 million.」
The balance of interest-bearing debt decreased from ¥9,755.620 million in the previous fiscal year. In addition, subsequent events include ¥2,000 million raised through a third-party allotment and the repayment of ¥810 million in borrowings and bonds. - FY2024-Q3MitigatedAnnual report
「This was mainly due to decreases of ¥339.143 million in accounts payable for construction and ¥1,886.950 million in short-term borrowings, respectively, resulting from the decrease in inventory and other factors.」
Short-term borrowings decreased by ¥1,886.950 million as inventory and other factors declined, while total liabilities also decreased by ¥2,031.936 million, reducing exposure to funding risk from changes in financial institutions’ lending policies and other factors. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥783.890 million decrease in short-term borrowings resulting from the decrease in inventory and other factors. Fixed liabilities amounted to ¥2,211.601 million, an increase of ¥77.130 million from the end of the previous fiscal year. This was mainly due to an increase of ¥134.020 million in long-term borrowings resulting from new borrowings and other factors.」
Total liabilities decreased by ¥791.597 million from the end of the previous fiscal year due to the decrease in short-term borrowings, reducing overall exposure to funding risk. Meanwhile, long-term borrowings increased. - FY2024-Q1WorsenedAnnual report
「This was mainly due to a total increase of ¥937.315 million in short-term borrowings, bonds due for redemption within one year, and long-term borrowings due for repayment within one year, attributable to the increase in inventory and other factors.」
Short-term borrowings and other debt increased as inventory increased, and the balance of interest-bearing debt rose from ¥9,755.620 million to ¥10,852.571 million. Exposure to funding risk arising from changes in financial institutions’ lending policies and other factors has increased. - FY2023WorsenedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year was ¥9,755.620 million. Interest-bearing debt is expected to increase as the number of project sites acquired is expected to rise with the expansion of the business, among other factors.」
The balance of interest-bearing debt increased from ¥8,068.638 million to ¥9,755.620 million, and the company continues to disclose funding risk arising from changes in financial institutions’ lending policies. - FY2022First statedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year was ¥8,068.638 million. Interest-bearing debt is expected to increase as the number of project sites acquired is expected to rise with the expansion of the business, among other factors.」
The company indicates the possibility of funding constraints resulting from changes in lending policies, given its reliance on borrowings from financial institutions and the increase in interest-bearing debt accompanying business expansion.