Credit, Market and Liquidity Risks of Financial Instruments
First written in FY2018. . Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Updated the maximum repayment period for borrowings and bonds to 12 yearsAnnual report
「Borrowings and bonds are primarily used to finance capital investments and M&A, and their maximum maturity is 12 years after the fiscal year-end.」
The disclosure stated that borrowings and bonds have a maximum maturity of 12 years after the fiscal year-end, shortened from 14 years previously. - FY2025Updated the maximum repayment period for borrowings and bonds to 14 yearsAnnual report
「Borrowings and bonds are primarily used to finance capital investments and M&A, and their maximum maturity is 14 years after the fiscal year-end.」
The disclosure stated that borrowings and bonds have a maximum maturity of 14 years after the fiscal year-end, extended from 8 years previously. - FY2024Updated the maximum repayment period for borrowings and bonds to 8 yearsAnnual report
「Borrowings and bonds are primarily used to finance capital investments and M&A, and their maximum maturity is 8 years after the fiscal year-end. Some of these instruments are exposed to fluctuations in market prices and other risks resulting from changes in interest rates.」
The disclosure stated that borrowings and bonds have a maximum maturity of 8 years after the fiscal year-end. - FY2021Updated the maximum repayment period for borrowings and bondsAnnual report
「Borrowings and bonds are primarily used to finance capital investments and M&A, and their maximum maturity is 10 years after the fiscal year-end. Some of these instruments are exposed to fluctuations in market prices and other risks resulting from changes in interest rates.」
The disclosure states that borrowings and bonds have a maximum maturity of 10 years after the fiscal year-end and describes interest rate risk relating to financing for capital investments and M&A. - FY2018First statedAnnual report
「Trade receivables, consisting of operating accounts receivable, are exposed to customers’ credit risk. Investment securities consist mainly of shares and bonds of companies with which the Group has business relationships and are exposed to fluctuations in market prices and other market risks, as well as the credit risk of issuers. Borrowings and bonds are primarily used to finance capital investments and M&A, and their maximum maturity is 9 years after the fiscal year-end. Some of these instruments are exposed to fluctuations in market prices and other risks resulting from changes in interest rates.」
The disclosure organizes the credit, market and interest rate risks relating to trade receivables, investment securities and borrowings, and describes management through monitoring and monthly cash-flow planning.