Liquidity Risk Related to Repayment of Borrowings and Financing
First written in FY2016. 20 of 33 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2027-H1.
45 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「This was mainly due to a reduction of approximately ¥4.3 billion in borrowings through repayments, along with reductions of approximately ¥6.6 billion in trade and other payables and approximately ¥4.3 billion in lease liabilities.」
Total liabilities decreased by approximately ¥16.8 billion from the end of the previous fiscal year due to the repayment of borrowings and other factors, while net interest-bearing debt also decreased by approximately ¥600 million. - FY2026MitigatedAnnual report
「Net interest-bearing debt for the consolidated fiscal year was ¥67.757 billion, down approximately ¥2.2 billion from the end of the prior consolidated fiscal year. Equity attributable to owners of the parent increased by approximately ¥13.4 billion, partly because of the reclassification of non-controlling interests to equity attributable to owners of the parent following the conversion of Narumiya International Co., Ltd. into a wholly owned subsidiary. As a result, the net D/E ratio was 0.72x.」
The net D/E ratio improved from 0.86x at the end of the previous fiscal year to 0.72x due to a reduction in net interest-bearing debt and an increase in equity attributable to owners of the parent. - 2026-04-03MitigatedFinancial results presentation
「Borrowings (D) 81,787 29.2% 94.2% Net interest-bearing debt ②+③−① 67,757 24.2% 96.9%」
Borrowings and net interest-bearing debt both declined from the end of the prior fiscal year. - FY2026-H1Borrowings down, net D/E unchangedAnnual report
「Net interest-bearing debt at the end of the interim period was ¥72,792 million, up approximately ¥2.9 billion from the end of the previous fiscal year, while total equity attributable to owners of the parent increased by approximately ¥3.7 billion. As a result, the net D/E ratio at the end of the interim period was unchanged at 0.86x from the end of the previous fiscal year.」
Although borrowings decreased by approximately ¥5.0 billion, net interest-bearing debt increased by approximately ¥2.9 billion due to the decrease in cash, leaving the net D/E ratio unchanged at 0.86x. - FY2025WorsenedAnnual report
「As of 28 February 2025, borrowings represented 31.7% of total assets.」
Borrowings increased due to the consolidation of エムシーファッション and other factors, and the company disclosed that borrowings represented 31.7% of total assets. - FY2025-H1Repayment progress and ¥5.0 billion refinancingAnnual report
「This was mainly due to a reduction of approximately ¥2.0 billion resulting from the repayment of borrowings. In June 2024, approximately ¥5.0 billion was refinanced from perpetual subordinated loans into ordinary long-term borrowings, increasing borrowings by ¥5.0 billion as a result of the refinancing.」
While the repayment of borrowings reduced total liabilities by approximately ¥2.5 billion, the refinancing of approximately ¥5.0 billion from perpetual subordinated loans into ordinary long-term borrowings changed the composition of borrowings. - FY2025-Q1MitigatedAnnual report
「This was mainly due to an increase of approximately ¥700 million in lease liabilities following the renewal of leases on store properties and an increase of approximately ¥500 million in trade and other payables, while borrowings decreased by approximately ¥3.2 billion as a result of repayments.」
The repayment of borrowings reduced total liabilities by approximately ¥3.2 billion, driving a reduction in interest-bearing debt. - FY2024-Q3MitigatedAnnual report
「Interest-bearing debt at the end of the cumulative third quarter was ¥77,136 million, down approximately ¥1.4 billion from the end of the previous fiscal year, while total equity increased by approximately ¥600 million.」
As the repayment of borrowings progressed, interest-bearing debt decreased by approximately ¥1.4 billion from the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「As approximately ¥5.0 billion was reclassified from capital to interest-bearing debt following the partial redemption of perpetual subordinated loans, the D/E ratio at the end of the second quarter decreased to 0.95x from 0.88x at the end of the previous fiscal year, a deterioration of 0.07 points, but remained unchanged from 0.95x at the end of the second quarter of the previous fiscal year.」
Interest-bearing debt increased by approximately ¥2.3 billion, and the D/E ratio deteriorated from 0.88x to 0.95x due to the partial redemption of perpetual subordinated loans and refinancing into ordinary long-term borrowings. - FY2024-Q1MitigatedAnnual report
「Interest-bearing debt at the end of the cumulative first quarter was ¥76,814 million, down approximately ¥1.7 billion from the end of the previous fiscal year due to the repayment of short-term borrowings.」
The repayment of short-term borrowings reduced interest-bearing debt by approximately ¥1.7 billion from the end of the previous fiscal year. - FY2023MitigatedAnnual report
「Interest-bearing debt for the fiscal year decreased by approximately ¥4.9 billion from the end of the previous fiscal year as the repayment of borrowings progressed.」
The repayment of borrowings reduced interest-bearing debt by approximately ¥4.9 billion, easing liquidity and financial burdens. - FY2023-Q3MitigatedAnnual report
「Interest-bearing debt at the end of the cumulative third quarter was ¥77,313 million, down approximately ¥6.1 billion from the end of the previous fiscal year due to the repayment of short-term borrowings.」
The repayment of short-term borrowings reduced interest-bearing debt by approximately ¥6.1 billion from the end of the previous fiscal year, easing liquidity and financial burdens. - FY2023-Q2MitigatedAnnual report
「This was mainly due to a reduction of approximately ¥4.5 billion in borrowings through repayments and a reduction of approximately ¥3.1 billion in lease liabilities as payments for leases on store properties progressed, despite an increase in trade payables accompanying the increase in inventories.」
The repayment of borrowings reduced interest-bearing debt by approximately ¥4.5 billion from the end of the previous fiscal year, improving liquidity and reducing the financial burden. - FY2023-Q1MitigatedAnnual report
「Interest-bearing debt at the end of the cumulative first quarter was ¥80,632 million, down approximately ¥2.8 billion from the end of the previous fiscal year due to the repayment of short-term borrowings.」
The repayment of short-term borrowings reduced interest-bearing debt by approximately ¥2.8 billion, easing liquidity and financial burdens. - FY2022MitigatedAnnual report
「In the previous consolidated fiscal year, the Group raised ¥15 billion through a loan with a perpetual subordinated feature to rapidly and steadily advance its medium-term management strategy. In the current consolidated fiscal year, it is building a stable financial base by refinancing approximately ¥80 billion of borrowings.」
The Group refinanced approximately ¥80 billion of borrowings, reducing the amount of contractual cash flows due within 1 year from ¥111.247 billion to ¥75.130 billion. - FY2022-Q3MitigatedAnnual report
「At the end of the third-quarter consolidated accounting period, interest-bearing debt decreased by approximately ¥3.1 billion from the end of the previous consolidated fiscal year as repayment of borrowings progressed.」
Interest-bearing debt decreased by approximately ¥3.1 billion from the end of the previous consolidated fiscal year due to repayment of borrowings, improving liquidity and the financial burden from the increase through the previous quarter. - FY2022-Q2WorsenedAnnual report
「At the end of the second-quarter consolidated accounting period, interest-bearing debt increased by approximately ¥1.2 billion from the end of the previous consolidated fiscal year to ¥81.161 billion due to short-term working capital requirements.」
Against the backdrop of short-term working capital requirements, interest-bearing debt increased by approximately ¥1.2 billion from the end of the previous consolidated fiscal year, reversing the prior trend of a reduction in the burden through repayment. - FY2022-Q1MitigatedAnnual report
「At the end of the first-quarter cumulative consolidated period, interest-bearing debt decreased by ¥280 million from the end of the previous consolidated fiscal year to ¥79.685 billion due to repayment of long-term borrowings.」
Interest-bearing debt decreased by ¥280 million from the end of the previous fiscal year due to repayment of long-term borrowings. - FY2021WorsenedAnnual report
「At the end of the current consolidated fiscal year, interest-bearing debt increased by ¥1.848 billion from the end of the previous consolidated fiscal year to ¥79.965 billion due to an increase in short-term borrowings, while total equity decreased by ¥3.299 billion.」
Interest-bearing debt increased by ¥1.848 billion year on year due to an increase in short-term borrowings. Liquidity was secured through overdraft facilities totaling ¥30 billion and other arrangements, while the borrowing burden continued. - FY2021-Q3WorsenedAnnual report
「At the end of the third-quarter consolidated accounting period, interest-bearing debt stood at ¥79.706 billion. Borrowings increased by approximately ¥1.6 billion due to utilization of the ¥40.9 billion commitment line established under the syndicated loan agreement.」
Utilization of the commitment line continued to secure liquidity, and interest-bearing debt increased from ¥78.117 billion at the end of the previous consolidated fiscal year to ¥79.706 billion. The overdraft facilities totaling ¥30 billion were unused at the end of the third quarter. - FY2021-Q2WorsenedAnnual report
「At the end of the second-quarter consolidated accounting period, interest-bearing debt stood at ¥84.357 billion. This resulted from an approximately ¥6.2 billion increase in borrowings due to utilization of the ¥40.9 billion commitment line established under the syndicated loan agreement.」
Borrowings continued to be used to secure liquidity, and interest-bearing debt increased by approximately ¥6.2 billion from the end of the previous fiscal year. Meanwhile, the separate overdraft facilities totaling ¥30 billion were unused at the end of the quarter. - FY2021-Q1Liquidity secured; debt increasedAnnual report
「To maintain ample liquidity in preparation for the spread of COVID-19, the Group entered into overdraft facilities totaling ¥30 billion and drew on part of them, resulting in an approximately ¥15.1 billion increase in borrowings.」
The Group entered into overdraft facilities in preparation for COVID-19 and drew on part of them to secure liquidity, while borrowings increased by approximately ¥15.1 billion. - FY2020-Q3MitigatedAnnual report
「At the end of the third-quarter consolidated accounting period, interest-bearing debt decreased by ¥319 million from the end of the previous consolidated fiscal year to ¥74.405 billion due to repayment of borrowings.」
Interest-bearing debt decreased by ¥319 million from the end of the previous fiscal year due to repayment of borrowings, and the reduction in liquidity and financial burden continued. - FY2020-Q2MitigatedAnnual report
「At the end of the second-quarter consolidated accounting period, interest-bearing debt decreased by ¥3.214 billion from the end of the previous consolidated fiscal year to ¥71.510 billion due to repayment of borrowings.」
Interest-bearing debt decreased by ¥3.214 billion from the end of the previous fiscal year due to repayment of borrowings, and the reduction in liquidity and financial burden continued. - FY2020-Q1MitigatedAnnual report
「At the end of the first-quarter consolidated accounting period, interest-bearing debt decreased by ¥3.986 billion from the end of the previous consolidated fiscal year to ¥70.738 billion due to repayment of borrowings.」
Interest-bearing debt decreased by ¥3.986 billion from the end of the previous consolidated fiscal year due to repayment of borrowings. - FY2019MitigatedAnnual report
「Regarding this liquidity risk, the Group manages funds across the entire Group by preparing and updating cash management plans in a timely manner, while working to mitigate the risk by securing stable funding sources and taking other measures.」
Total contractual cash flows were ¥124.188 billion, of which ¥71.762 billion was due within 1 year, down from ¥160.286 billion and ¥85.154 billion, respectively, in the previous fiscal year. The net amount after deducting commitments and other items also increased to ¥29.017 billion. - FY2019-Q3MitigatedAnnual report
「At the end of the third-quarter consolidated accounting period, interest-bearing debt consisted of ¥71.561 billion in borrowings, a decrease of ¥34.377 billion from the end of the previous consolidated fiscal year. The main factors were repayment of borrowings and the acquisition and cancellation of preferred shares.」
Interest-bearing debt decreased by ¥34.377 billion from the end of the previous consolidated fiscal year due to repayment of borrowings and the acquisition and cancellation of preferred shares. - FY2019-Q2MitigatedAnnual report
「The Group raises funds for its business through borrowings from financial institutions, including syndicated loan agreements. As of 30 September 2018, interest-bearing debt, excluding preferred shares, represented 33.6% of total assets. The Group plans to reduce interest-bearing debt over the medium to long term.」
The Group disclosed an interest-bearing debt ratio of 33.6% and explicitly stated its policy of reducing debt over the medium to long term. The financial burden has declined from the end of the previous fiscal year due to repayment of borrowings. - FY2018Total amount down; short-term burden upAnnual report
「Our Group is exposed to liquidity risk, which is the risk that it may be difficult to meet these obligations.」
Total contractual cash flows decreased from ¥165.711 billion to ¥160.286 billion, while the amount due within 1 year increased from ¥81.127 billion to ¥85.154 billion. - FY2017WorsenedAnnual report
「Our Group is exposed to liquidity risk, which is the risk that it may be difficult to meet these obligations.」
Current liabilities borrowings increased from ¥15.108 billion to ¥34.226 billion, while the amount of contractual cash flows due within 1 year increased from ¥64.605 billion to ¥81.127 billion. - FY2016First statedAnnual report
「Our Group is exposed to liquidity risk, which is the risk that it may be difficult to meet these obligations.」
Describes mitigation measures including cash-flow planning, cash management, securing stable funding sources, and overdraft facilities.