Risks from Interest Rate Fluctuations, Liquidity and Financing Costs
First written in FY2016. 18 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 4 of 28 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the fiscal year, cash on hand increased by ¥471 million from the previous fiscal year as a result of increases in cash receipts from sales and long-term borrowings.」
Cash on hand increased by ¥471 million year on year, while the balance of long-term borrowings decreased from ¥820.460 million to ¥688.708 million. - 2026-05-08MitigatedEarnings
「長期借入れによる収入が300百万円あったものの、長期借入金の返済による支出が439百万円及び短期借入金の純増減額が100百万円減少した」
長期借入金の返済と短期借入金の減少により、有利子負債を圧縮している。 - FY2026-H1MitigatedAnnual report
「During the interim accounting period, expenditures for capital investments and expenses increased. We also borrowed from financial institutions to prepare for the purchase of winter products, such as studless tires, for the Yellow Hat business, thereby increasing cash on hand.」
In response to higher capital investment and expense expenditures, the company borrowed to prepare for the purchase of winter products and secured cash on hand. Short-term borrowings increased by ¥500 million. - FY2025MitigatedAnnual report
「We are reducing interest costs by minimising new long-term borrowings and proceeding with repayments.」
While continuing its policy of reducing interest costs by curbing new long-term borrowings and making repayments, the company made ¥700 million in long-term borrowings and ¥457 million in repayments during the fiscal year for capital investments and other purposes. - FY2025-H1MitigatedAnnual report
「We borrowed from financial institutions to prepare for the purchase of winter products, such as studless tires, for the Yellow Hat business, thereby increasing cash on hand. This was mainly because, despite ¥225 million in expenditures for repayments of long-term borrowings, there were ¥600 million in cash receipts from long-term borrowings.」
The company borrowed to prepare for the purchase of winter products and has continued to secure cash on hand through ¥600 million in long-term borrowings. - FY2024-Q3RestatedAnnual report
「Cash increased as a result of borrowings related to capital investments and the purchase of winter products.」
The company has continued to secure through borrowings the funds needed for capital investments and the purchase of winter products. On the balance sheet, short-term borrowings increased by ¥1 billion and long-term borrowings by ¥140 million. - FY2023MitigatedAnnual report
「We are reducing interest costs by minimising new long-term borrowings and proceeding with repayments.」
The company has continued its policy of curbing new long-term borrowings and proceeding with repayments, and the balance of long-term borrowings decreased from ¥826.676 million to ¥516.683 million. - FY2023-Q3RestatedAnnual report
「Cash increased as a result of borrowings related to the purchase of winter products.」
The company has continued to secure cash on hand through borrowings to prepare for the purchase of winter products. - FY2023-Q2MitigatedAnnual report
「We borrowed from financial institutions to prepare for the purchase of winter products, such as studless tires, for the Yellow Hat business, thereby increasing cash on hand.」
The company has continued borrowing to prepare for the purchase of winter products, and short-term borrowings increased by ¥1.2 billion on a net basis in financing activities. - FY2022-Q3RestatedAnnual report
「Cash increased as a result of borrowings related to the purchase of winter products.」
The company has continued to secure cash on hand through borrowings to finance the purchase of winter products. - FY2022-Q2MitigatedAnnual report
「During the cumulative second-quarter period, cash receipts from sales decreased while expenditures for capital investments and expenses increased. We also borrowed from financial institutions to prepare for the purchase of winter products, such as studless tires, for the Yellow Hat business, thereby increasing cash on hand. This was mainly because, despite ¥224 million in expenditures for repayments of long-term borrowings, short-term borrowings increased by ¥1.1 billion on a net basis.」
In response to lower sales and higher expenditures, the company borrowed from financial institutions to prepare for the purchase of winter products and increased cash on hand. Short-term borrowings increased by ¥1.1 billion. - FY2021RestatedAnnual report
「We normally maintain strict control over funds against projected expenditures, and this risk has not occurred. However, to avoid this risk arising from the spread of COVID-19, we borrowed ¥700 million under our overdraft facility at the end of the fiscal year and increased cash on hand until the end of the spread of the infection comes into view.」
Although the company states that the risk of a funding shortfall has not occurred, it has continued to borrow ¥700 million and increase cash on hand in preparation for the spread of the infection. - FY2021-Q1MitigatedAnnual report
「We normally maintain strict control over funds against projected expenditures, and this risk has not occurred. However, to avoid the risk arising after the second wave of COVID-19, we borrowed ¥700 million under our overdraft facility during the cumulative first-quarter period and increased cash on hand until the end of the spread of the infection comes into view.」
Although the company states that the risk of a funding shortfall caused by COVID-19 has not occurred, it borrowed ¥700 million under its overdraft facility in preparation for the second wave and thereafter and increased cash on hand. - FY2020MitigatedAnnual report
「We are reducing interest costs by minimising new long-term borrowings and proceeding with repayments.」
The company explicitly describes its response of reducing interest costs by curbing new long-term borrowings and proceeding with repayments. - FY2020-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2020-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2020-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2019RestatedAnnual report
「Most interest-bearing debt carries fixed interest rates, but future financing costs could be affected by changes such as rising interest rates, which could have a material impact on the company's operating results and financial condition.」
The company has reconfirmed its reliance on borrowings and the impact of rising interest rates on financing costs. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2019-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2019-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2018RestatedAnnual report
「Most interest-bearing debt carries fixed interest rates, but future financing costs could be affected by changes such as rising interest rates, which could have a material impact on the company's operating results and financial condition.」
The company has reconfirmed its reliance on borrowings to finance capital expenditures and working capital, and the impact of rising interest rates on financing costs. - FY2018-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company has continued to disclose that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2018-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2017RestatedAnnual report
「In our business, we finance capital expenditures for the acquisition, development and renovation of land, buildings and other assets using internal funds, borrowings and other sources. Most interest-bearing debt carries fixed interest rates, but future financing costs could be affected by changes such as rising interest rates, which could have a material impact on the company's operating results and financial condition.」
The company has reconfirmed its reliance on borrowings to finance capital expenditures and working capital, and the impact of rising interest rates on financing costs. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2017-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company has disclosed that there have been no material changes regarding the risks related to interest rate movements, liquidity and financing costs. - FY2016First statedAnnual report
「We finance capital expenditures for the acquisition, development and renovation of land, buildings and other assets using internal funds, borrowings and other sources. Most interest-bearing debt carries fixed interest rates, but future financing costs could be affected by changes such as rising interest rates, which could have a material impact on the Group's operating results and financial condition.」
The company describes its reliance on borrowings and other sources to finance capital expenditures and working capital, and the impact of rising interest rates on costs.