Funding Risk from Financial Markets and Interest Rates
First written in FY2016. 8 of 15 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2026.
Round One 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 2017: 26 of 105 companies on the "Worse" side.
81 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The effect on profit before tax in the consolidated statement of income of a 1% increase in interest rates in each reporting period was as follows.」
The impact on profit before tax of a 1% increase in interest rates expanded from a ¥404 million decrease to a ¥464 million decrease. Interest-bearing debt also increased from ¥157,216 million to ¥187,996 million. - FY2025MitigatedAnnual report
「Accordingly, the Group considers that its interest rate risk as of the end of the period was not material. The Group determined that its exposure to interest rate risk was limited.」
Repayment using surplus funds and interest rate swap agreements were presented as countermeasures, and the Group stated that interest rate risk as of the end of the period was not material. - FY2025-H1MitigatedAnnual report
「As a result, cash and cash equivalents, hereinafter referred to as “funds,” increased by ¥17,266 million from the beginning of the period.」
Due to cash generated from operating activities and other sources, cash and cash equivalents increased by ¥17,266 million from the beginning of the period to ¥53,729 million. Total lending commitments of ¥16.0 billion and undrawn borrowing capacity of ¥16.0 billion were also maintained. - FY2024-Q2RestatedAnnual report
「Total lending commitments ¥16,000 million ¥16,000 million Undrawn borrowing capacity － － Difference 16,000 16,000」
Total lending commitments with 4 relationship banks were ¥16.0 billion, and undrawn borrowing capacity was also ¥16.0 billion, unchanged from the end of the previous fiscal year. - FY2023-Q3RestatedAnnual report
「Total lending commitments ¥16,000 million ¥16,000 million Undrawn borrowing capacity － － Difference 16,000 16,000」
Total lending commitments were ¥16,000 million, and undrawn borrowing capacity was also ¥16,000 million, unchanged from the end of the previous consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「Total lending commitments ¥16,000 million ¥16,000 million Undrawn borrowing capacity － － Difference 16,000 16,000」
Lending commitment agreements with 4 relationship banks totaled ¥16.0 billion, and undrawn borrowing capacity was also ¥16.0 billion, unchanged from the end of the previous consolidated fiscal year. - FY2022MitigatedAnnual report
「As a result, cash and cash equivalents increased by ¥1,464 million from the beginning of the period.」
Cash flows from operating activities amounted to ¥28,304 million, cash and cash equivalents amounted to ¥46,316 million, and total lending commitments amounted to ¥16.0 billion. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, cash flows from operating activities increased by ¥8,530 million, cash flows from investing activities decreased by ¥1,806 million, and cash flows from financing activities decreased by ¥346 million. As a result, cash and cash equivalents, hereinafter referred to as “funds,” increased by ¥6,582 million from the beginning of the period.」
Due to cash generated from operating activities and cash inflows from the disposal of treasury shares and other sources, cash and cash equivalents increased by ¥6,582 million from the beginning of the period to ¥51,434 million. The total ¥16.0 billion in lending commitments was also maintained. - FY2022-Q1MitigatedAnnual report
「This disposal of treasury shares was carried out to reduce interest-bearing debt, which had increased as a result of the impact of COVID-19, in order to promote flexible development of new stores in anticipation of the normalization of economic activity in various countries as vaccination against COVID-19 progressed. The estimated net proceeds of ¥8,026 million from this overseas offering are planned to be used for capital investment in operating facilities, including store buildings and interiors, bowling equipment and amusement equipment, as well as for repayments through the fiscal year ending March 2023 of existing long-term borrowings raised from financial institutions for capital investment and working capital for store operations (balance as of the end of June 2021: ¥62,375 million), and for redemption through the fiscal year ending March 2023 of bonds (balance as of the end of June 2021: ¥1,923 million).」
The plan stated that the proceeds from the disposal of treasury shares would be used to repay interest-bearing debt and redeem bonds, thereby addressing debt that had increased as a result of the impact of the infection. - FY2021MitigatedAnnual report
「As a result, the Group established a structure capable of responding to a prolonged impact from COVID-19.」
The disclosure stated that funding liquidity was secured in preparation for a prolonged impact from the infection through long-term borrowings, a ¥16,000 million commitment line and cash on hand of ¥44,851 million. - FY2021-Q2MitigatedAnnual report
「As a result, the Group established a structure capable of responding to a prolonged impact from COVID-19.」
In addition to financing through long-term borrowings and a commitment line agreement totaling ¥16.0 billion entered into in the first quarter, the Group entered into a ¥14.8 billion syndicated loan agreement as a subsequent event, continuing to secure funding to address a prolonged impact. - FY2021-Q1MitigatedAnnual report
「As a result, the Group had secured sufficient working capital as of the end of the first quarter of the current consolidated fiscal period and established a structure capable of responding to a prolonged impact from COVID-19.」
The disclosure stated that the Company had secured sufficient working capital through long-term borrowings and a commitment line agreement in preparation for a prolonged impact from the infection. - FY2018RestatedAnnual report
「If turmoil in financial markets, a prolonged economic downturn or interest rate trends make it difficult to raise funds from financial institutions or refinance borrowings, or if other factors such as higher interest expenses arise, earnings may be adversely affected.」
Financing, refinancing and interest payment risks arising from market turmoil, an economic downturn and interest rate trends were restated. - FY2017RestatedAnnual report
「If turmoil in financial markets, a prolonged economic downturn or interest rate trends make it difficult to raise funds from financial institutions or refinance borrowings, or if other factors such as higher interest expenses arise, earnings may be adversely affected.」
Financing, refinancing and interest payment risks arising from market turmoil, an economic downturn and interest rate trends were restated. - FY2016First statedAnnual report
「If turmoil in financial markets, a prolonged economic downturn or interest rate trends make it difficult to raise funds from financial institutions or refinance borrowings, or if other factors such as higher interest expenses arise, earnings may be adversely affected.」
The financing environment, refinancing and rising interest rates were recognized as financial risks.