Credit, Market and Liquidity Risk
First written in FY2016. 12 of 26 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-08-07.
Bando Chemical Industries moved to the "Worse" side of this theme in 2016, 10 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 7 of 17 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「Cash and cash equivalents at the end of the first quarter of the consolidated fiscal year decreased by ¥2,642 million from the beginning-of-year balance to ¥19,064 million.」
Although cash and cash equivalents declined, borrowings were ¥4,918 million, so cash continued to exceed borrowings. - FY2026MitigatedAnnual report
「The balances of the Group's net interest-bearing debt and equity are as follows: interest-bearing debt, ¥7,137 million; cash and cash equivalents, -¥17,715 million; net interest-bearing debt, -¥10,578 million.」
Interest-bearing debt was ¥5,229 million and cash and cash equivalents were ¥21,707 million, expanding net interest-bearing debt to -¥16,477 million. Financial exposure in terms of liquidity and credit risks is decreasing further. - 2026-05-14MitigatedEarnings
「This was mainly attributable to an increase in the amount of interest-bearing debt reduced.」
The company cited the reduction in interest-bearing debt as the main reason for the increase in cash outflows from financing activities. Reducing borrowings further reduced credit and liquidity exposure. - FY2026-H1MitigatedAnnual report
「As of the end of the interim consolidated accounting period, cash and cash equivalents were ¥16,373 million, down 7.6% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of borrowings, was ¥2,046 million, down 71.3%.」
Borrowings decreased from ¥7,137 million at the end of the previous fiscal year to ¥2,046 million, while cash and cash equivalents continued to substantially exceed borrowings. Financial exposure in terms of credit, market and liquidity risks decreased further. - FY2025-H1MitigatedAnnual report
「As of the end of the interim consolidated accounting period, cash and cash equivalents were ¥16,477 million, down 8.1% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of borrowings, was ¥6,362 million, down 16.1%.」
Borrowings decreased from ¥7,587 million at the end of the previous fiscal year to ¥6,362 million, while cash and cash equivalents continued to exceed borrowings. - FY2024MitigatedAnnual report
「The Company manages net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, and equity, defined as equity attributable to owners of the parent. The figures are as follows: interest-bearing debt, ¥7,587 million; cash and cash equivalents, -¥17,935 million; net interest-bearing debt, -¥10,348 million.」
Net interest-bearing debt improved from -¥5,200 million in the previous fiscal year to -¥10,348 million, further easing financial and liquidity risks. - FY2024-Q3Reduction in net cashAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, cash and cash equivalents were ¥15,537 million, down 7.4% from the end of the previous consolidated fiscal year, while interest-bearing debt (bonds and borrowings) was ¥8,600 million, down 25.7%.」
Net cash was ¥6,937 million, down from ¥8,762 million at the end of the previous quarter, although cash and cash equivalents continued to exceed interest-bearing debt. - FY2024-Q2MitigatedAnnual report
「As of the end of the second quarter of the current fiscal year, cash and cash equivalents were ¥16,763 million, down 0.0% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥8,001 million, down 30.8%.」
Interest-bearing debt decreased from ¥11,570 million at the end of the previous fiscal year to ¥8,001 million, resulting in a difference of ¥8,762 million from cash and cash equivalents. Financial and liquidity risks have eased further from the end of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, cash and cash equivalents were ¥14,416 million, down 14.0% from the end of the previous consolidated fiscal year, while interest-bearing debt (bonds and borrowings) was ¥8,110 million, down 29.9%.」
Cash and cash equivalents exceeded interest-bearing debt by ¥6,306 million, expanding net cash from ¥5,200 million at the end of the previous fiscal year. - FY2023Expansion of net cashAnnual report
「Interest-bearing debt, ¥13,830 million; cash and cash equivalents, -¥18,837 million; net interest-bearing debt, -¥5,006 million.」
In the fiscal year ended March 2023, interest-bearing debt was ¥11,570 million and cash and cash equivalents were ¥16,770 million, expanding net interest-bearing debt to -¥5,200 million. - FY2023-Q3Slight increase in net cashAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, cash and cash equivalents were ¥16,787 million, down 10.9% from the end of the previous consolidated fiscal year, while interest-bearing debt (bonds and borrowings) was ¥12,414 million, down 10.2%.」
The difference between cash and interest-bearing debt was ¥4,373 million, an increase of ¥49 million in net cash from ¥4,324 million at the end of the previous quarter. - FY2023-Q2Recovery in net cashAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, cash and cash equivalents were ¥16,211 million, down 13.9% from the end of the previous consolidated fiscal year, while interest-bearing debt (bonds and borrowings) was ¥11,887 million, down 14.1%.」
The difference between cash and cash equivalents and interest-bearing debt was ¥4,324 million, increasing net cash from ¥3,933 million at the end of the previous quarter. - FY2023-Q1Reduction in net cashAnnual report
「As of the end of the first quarter, cash and cash equivalents were ¥15,715 million, down 16.6% from the end of the previous fiscal year, while interest-bearing debt, comprising bonds and borrowings, was ¥11,782 million, down 14.8%.」
Cash and cash equivalents continued to exceed interest-bearing debt, but net cash decreased from ¥5,006 million at the end of the previous fiscal year to ¥3,933 million. - FY2022MitigatedAnnual report
「The Company manages net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, and equity, defined as equity attributable to owners of the parent. The figures are as follows: interest-bearing debt, ¥13,830 million; cash and cash equivalents, -¥18,837 million; net interest-bearing debt, -¥5,006 million.」
Reduced interest-bearing debt improved net interest-bearing debt from ¥1,135 million in the previous fiscal year to -¥5,006 million, resulting in net cash. - FY2022-Q3MitigatedAnnual report
「As of the end of the third quarter of the current fiscal year, cash and cash equivalents were ¥18,167 million, down 3.7% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥15,823 million, down 20.9%.」
Interest-bearing debt decreased from ¥19,999 million at the end of the previous fiscal year to ¥15,823 million, resulting in cash and cash equivalents exceeding interest-bearing debt. - FY2022-Q2MitigatedAnnual report
「As of the end of the second quarter, cash and cash equivalents were ¥16,999 million, while interest-bearing debt, comprising bonds and borrowings, was ¥17,413 million. The decrease in cash and cash equivalents during the six months ended September 30 was mainly due to a review of the appropriate level of on-hand liquidity and the repayment of borrowings.」
Interest-bearing debt decreased from ¥19,999 million at the end of the previous fiscal year to ¥17,413 million as borrowings were repaid, narrowing the gap with cash. - FY2022-Q1MitigatedAnnual report
「As of the end of the first quarter, cash and cash equivalents were ¥17,127 million, while interest-bearing debt, comprising bonds and borrowings, was ¥17,795 million. The decrease in cash and cash equivalents during the first quarter was mainly due to a review of the appropriate level of on-hand liquidity and the repayment of borrowings.」
Interest-bearing debt decreased from ¥19,999 million at the end of the previous fiscal year to ¥17,795 million as borrowings were repaid. Debt still exceeds cash, but the gap has narrowed. - FY2021-Q2RestatedAnnual report
「As of the end of the second quarter, cash and cash equivalents were ¥16,293 million, while interest-bearing debt, comprising bonds and borrowings, was ¥22,608 million. During the six months ended September 30, the Company raised funds through borrowings from financial institutions and increased on-hand liquidity in preparation for a prolonged impact from the spread of the infectious disease.」
States that interest-bearing debt exceeds cash and cash equivalents, while liquidity on hand is being increased through borrowings. - FY2021-Q1RestatedAnnual report
「As of the end of the first quarter, cash and cash equivalents were ¥16,184 million, while interest-bearing debt, comprising bonds and borrowings, was ¥23,094 million. During the first quarter, the Company raised funds through borrowings from financial institutions and increased on-hand liquidity in preparation for a prolonged impact from the spread of the novel coronavirus.」
States that interest-bearing debt exceeds cash and cash equivalents, while liquidity on hand is secured through borrowings from financial institutions. - FY2020-Q3RestatedAnnual report
「As of the end of the third quarter, cash and cash equivalents were ¥13,326 million, while interest-bearing debt, comprising bonds and borrowings, was ¥21,689 million. The Group continues to maintain sufficient liquidity.」
Discloses balances of cash and cash equivalents and interest-bearing debt, and states that sufficient liquidity has been secured even though debt exceeds cash. - FY2018WorsenedAnnual report
「Ordinary profit was ¥6,598 million, up 0.4% from the previous consolidated fiscal year. This was due to factors including higher operating profit, despite the deterioration in foreign exchange losses.」
States that, among financial market risks, the deterioration in foreign exchange losses affected ordinary profit. - FY2017MaterialisedAnnual report
「This was due to factors including lower losses on disposal of fixed assets and an improvement in foreign exchange losses.」
States that the impact of foreign exchange movements was reflected in full-year performance, while foreign exchange losses improved from the previous year. - FY2017-Q3MaterialisedAnnual report
「As a result, during the nine-month period ended 31 December, partly due to the impact of yen appreciation, sales were ¥65,772 million, down 7.4% year on year, operating profit was ¥4,200 million, down 3.3%, and ordinary profit was ¥5,013 million, down 0.6%.」
States that, among financial market risks, the impact of foreign exchange movements, specifically yen appreciation, was reflected in performance for the cumulative third quarter. - FY2017-Q2MaterialisedAnnual report
「Ordinary profit was ¥2,762 million, down 20.9% year on year, partly due to the impact of yen appreciation.」
States that the foreign exchange impact of yen appreciation contributed to the year-on-year decline in ordinary profit. - FY2017-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,291 million, down 24.7% year on year, due mainly to foreign exchange losses resulting from yen appreciation.」
States that foreign exchange losses resulting from yen appreciation actually occurred and reduced ordinary profit. - FY2016First statedAnnual report
「Trade notes and accounts receivable and electronically recorded monetary claims, which are trade receivables, are exposed to customers' credit risk. Trade receivables denominated in foreign currencies arising from overseas operations are exposed to foreign exchange risk. Investment securities consist primarily of equities and are exposed to the risk of fluctuations in market prices.」
Recognizes financial instrument risks relating to credit, foreign exchange, share prices, interest rates and liquidity, and manages them through credit control, hedging and cash on hand.