Interest Rate and Funding Liquidity Risks Associated with Borrowings
First written in FY2017. 2 of 7 entries say "Restated". Latest entry: 2026-10-30.
The whole theme swung hardest in 2026: 6 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2021MitigatedAnnual report
「As a result, the above financial covenant has also ceased to apply.」
The termination of the borrowing agreement eliminated the risks associated with the financial covenants attached to the agreement and any breach thereof. - FY2021-Q2RestatedAnnual report
「The Company is in breach of the financial covenants under the loan agreement because total net assets at the end of the previous fiscal year and the current quarterly accounting period were below 75% of the base-year amount.」
The disclosure continues to state that the company is in breach of a financial covenant due to net assets falling below the required level. The company has obtained consent from its financial institutions not to exercise their right to demand immediate repayment. - FY2021-Q1WorsenedAnnual report
「At the end of the current quarterly accounting period, the Company remained in breach of the financial covenants under the syndicated loan agreement entered into with its lending financial institutions in December 2016, and if those financial covenants were applied, this would affect its cash management.」
The potential impact on cash management is explicitly stated, and a breach of financial covenants, including failure to meet the required cash and deposits threshold, has occurred. - FY2020RestatedAnnual report
「Some borrowings carry variable interest rates and are therefore exposed to interest rate fluctuation risk.」
Disclosure continues regarding interest rate fluctuation risk from variable-rate borrowings and liquidity risk management through cash flow planning and maintaining liquidity on hand. - FY2017First statedAnnual report
「Some borrowings carry variable interest rates and are therefore exposed to interest rate fluctuation risk. ③ Management of liquidity risk related to funding (the risk of being unable to make payments when due)」
The Company identifies interest rate fluctuation risk arising from variable-rate borrowings and liquidity risk, meaning the risk of being unable to make payments when due, as financial risks, and manages them by preparing and updating cash flow plans and maintaining liquidity on hand.