Risk of raising funds required in the future
First written in FY2016. 16 of 33 entries say "Mitigated", first in FY2017. Latest entry: 2026-08-26.
No other company in this theme has enough history to compare yet.
- 2026-08-26MitigatedOccurring Fact
「As announced in the notice dated 24 March 2026 entitled "Notice Regarding the Issuance of New Shares through a Private Placement, Partial Amendments to the Articles of Incorporation, Share Consolidation and Abolition of the Provisions on the Number of Shares per Unit, Capital Restructuring through a Debt-for-Equity Swap, and Changes in the Parent Company and Largest Shareholder among the Major Shareholders," the company entered into loan agreements containing financial covenants because it will refinance existing domestic borrowings.」
The refinancing of existing domestic borrowings was specified as including execution of the agreements, total Term Loans of ¥281.5 billion, a commitment-line facility of ¥52.482 billion, a drawdown date of 31 August 2026 and a maturity date of 30 August 2031. The loans had not yet been drawn down at the time the agreements were signed. - FY2026WorsenedAnnual report
「Because the Company reported a substantial net loss in the fiscal year ending March 2025 and the recovery in performance during the fiscal year ending March 2026 was also slower than expected, it had become difficult, under its existing capital structure, to repay, including through refinancing, borrowings of more than ¥100 billion falling due by the end of March 2026, absent the transaction.」
The Company provided details on future funding risk, stating that repaying and refinancing borrowings of more than ¥100 billion would have been difficult absent the transaction. It also explained that refinancing based on the transaction had been completed and that it remained in compliance with its financial covenants. - FY2025MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group was in compliance with all applicable financial covenants and expected to remain in compliance during the next consolidated fiscal year.」
The Group remained in compliance with its financial covenants and continued to believe that it could operate within its existing credit facilities. Undrawn borrowing facilities comprised ¥50.382 billion due within 1 year and ¥25.625 billion due after 1 year. - FY2025-H1MitigatedAnnual report
「In addition, during the current interim consolidated fiscal period, there were no events or circumstances giving rise to significant doubt about the assumption that the Group would continue its business activities into the future.」
The Group explained that, during the current interim consolidated fiscal period, there were no events or circumstances giving rise to significant doubt about the going-concern assumption. - FY2024MitigatedAnnual report
「Based on its forecasts and outlook, the Group believes it can continue operating within its existing credit facilities.」
Regarding funding risk, the Group explained that it could continue operating within its existing credit facilities. Undrawn borrowing facilities totaled approximately ¥61.9 billion, comprising ¥23.1 billion due within 1 year and ¥38.8 billion due after 1 year. - FY2023WorsenedAnnual report
「As of 31 March 2023, the Group had undrawn credit facilities of ¥46.2 billion, in addition to ¥8.3 billion in undrawn committed term loans.」
Funding capacity totaled ¥54.5 billion, comprising ¥46.2 billion in undrawn credit facilities and ¥8.3 billion in undrawn committed term loans, down from ¥78.0 billion at the end of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「As of 31 December 2022, the Group had undrawn credit facilities of ¥26.3 billion, in addition to ¥16.0 billion in undrawn committed term loans.」
The Group disclosed ¥26.3 billion in undrawn credit facilities and ¥16.0 billion in undrawn committed term loans as funding capacity. The total was ¥42.3 billion, down from ¥54.0 billion at the end of the previous quarter. - FY2023-Q2WorsenedAnnual report
「As of 30 September 2022, the Group had undrawn credit facilities of ¥37.9 billion, in addition to ¥16.1 billion in undrawn committed term loans.」
Total funding capacity was ¥54.0 billion, down from the total of ¥78.0 billion at 31 March 2022, comprising ¥53.2 billion in undrawn credit facilities and ¥24.8 billion in undrawn term loans. - FY2023-Q1WorsenedAnnual report
「As of 30 June 2022, the Group had undrawn credit facilities of ¥38.3 billion, in addition to ¥25.6 billion in undrawn committed term loans.」
The Group disclosed ¥38.3 billion in undrawn credit facilities and ¥25.6 billion in undrawn committed term loans as funding capacity. The total was ¥63.9 billion, down from ¥78.0 billion at the end of the previous fiscal year. - FY2022SoftenedAnnual report
「As of 31 March 2022, the Group had undrawn credit facilities of ¥53.2 billion, in addition to ¥24.8 billion in undrawn committed term loans.」
The Group disclosed ¥53.2 billion in undrawn credit facilities and ¥24.8 billion in undrawn committed term loans as funding capacity. Both levels declined from ¥80.5 billion and ¥42.9 billion, respectively, at the end of the previous quarter. - FY2022-Q3MitigatedAnnual report
「As of 31 December 2021, the Group had undrawn credit facilities of ¥80.5 billion, in addition to ¥42.9 billion in undrawn committed term loans.」
The Group disclosed ¥80.5 billion in undrawn credit facilities and ¥42.9 billion in undrawn committed term loans, demonstrating its funding capacity. - FY2022-Q2MitigatedAnnual report
「As of 30 September 2021, the Group had undrawn credit facilities of ¥78.0 billion.」
Undrawn credit facilities amounted to ¥78.0 billion, up from ¥69.2 billion at the end of the previous quarter. The Group disclosed its future funding capacity. - FY2022-Q1Decline in unused credit facilitiesAnnual report
「As of 30 June 2021, the Group had undrawn credit facilities of ¥69.2 billion.」
Undrawn credit facilities amounted to ¥69.2 billion. While the Group retained funding capacity, it updated the level from the end of the previous fiscal year. - FY2021WorsenedAnnual report
「As of the end of the consolidated fiscal year, the Company was at levels that would constitute a breach of some of the financial covenants stipulated in its borrowing agreements with financial institutions. However, it had obtained written consent from all such financial institutions to treat the relevant covenants as neither subject to a breach determination nor constituting a violation as of the end of the consolidated fiscal year.」
The Company reached levels that would constitute a breach of some financial covenants at year-end, but explained that it had obtained written consent from the financial institutions not to make a breach determination or treat the covenants as violated. - FY2021-Q3MitigatedAnnual report
「As of 31 December 2020, the Group had undrawn credit facilities of ¥84.4 billion.」
Undrawn credit facilities amounted to ¥84.4 billion, up from ¥74.8 billion at the end of the previous quarter. The Group disclosed its funding capacity. - FY2021-Q2MitigatedAnnual report
「As of 30 September 2020, the Group had undrawn credit facilities of ¥74.8 billion.」
Undrawn credit facilities amounted to ¥74.8 billion, up from ¥73.2 billion at the end of the previous quarter. The Group disclosed its future funding capacity. - FY2021-Q1MitigatedAnnual report
「As of 30 June 2020, the Group had undrawn credit facilities of ¥73.2 billion.」
Although net borrowings increased, the Group had ¥73.2 billion in undrawn credit facilities, disclosing its funding capacity. - FY2020WorsenedAnnual report
「The Group may need to raise additional funds in the future to finance such purposes as ① launching new products, ② executing business and research and development plans, ③ expanding production capacity, ④ acquiring complementary businesses, technologies or services, ⑤ implementing cost-reduction measures and restructuring plans, and ⑥ repaying debt at maturity and redeeming Class A preferred shares (*), among other purposes.」
The Group reiterated the need to raise additional funds in connection with its response to COVID-19, investments, debt repayment and the redemption of Class A preferred shares. Undrawn credit facilities decreased to ¥65.5 billion. - FY2020-Q3Decline in unused credit facilitiesAnnual report
「As of 31 December 2019, the Group had undrawn credit facilities of ¥59.7 billion.」
Undrawn credit facilities amounted to ¥59.7 billion, down from ¥62.1 billion at the end of the previous quarter. - FY2020-Q2MitigatedAnnual report
「As of 30 September 2019, the Group had undrawn credit facilities of ¥62.1 billion.」
Undrawn credit facilities amounted to ¥62.1 billion, compared with ¥74.6 billion at the end of the previous fiscal year and ¥59.3 billion at the end of the previous quarter. Funding capacity has increased from the end of the first quarter. - FY2020-Q1Decline in unused credit facilitiesAnnual report
「As of 30 June 2019, the Group had undrawn credit facilities of ¥59.3 billion.」
Undrawn credit facilities amounted to ¥59.3 billion, down from ¥74.6 billion at the end of the previous fiscal year. - FY2019Undrawn credit facilities of ¥74.6 billionAnnual report
「As of the end of the consolidated fiscal year, the Group had undrawn credit facilities of ¥74.6 billion.」
Updated the year-end undrawn credit facilities to ¥74.6 billion. - FY2019-Q2MitigatedAnnual report
「As of 30 September 2018, the Group had ¥76 billion in unused credit facilities.」
The Group had ¥76 billion in unused credit facilities, indicating its capacity to raise funds in the future. - FY2019-Q1Decline in unused credit facilitiesAnnual report
「As of 30 June 2018, the Group had ¥73.6 billion in unused credit facilities.」
The Group disclosed that it had ¥73.6 billion in unused credit facilities, down from ¥90,082 million at the end of the previous consolidated fiscal year. - FY2018MitigatedAnnual report
「At the end of the consolidated fiscal year (31 March 2018), the Group had the following unused borrowing facility: Floating rate, maturity of more than 1 year: ¥90,082 million」
The Group had ¥90,082 million in unused borrowing facilities at fiscal year-end, indicating its capacity to raise funds in the future. - FY2018-Q3MitigatedAnnual report
「As of 31 December 2017, the Group had ¥77.3 billion in unused credit facilities.」
Unused credit facilities increased from ¥76.1 billion at 30 September 2017 to ¥77.3 billion, continuing to indicate the Group's capacity to raise funds. - FY2018-Q2MitigatedAnnual report
「As of 30 September 2017, the Group had ¥76.1 billion in unused credit facilities.」
The Group disclosed that it had ¥76.1 billion in unused credit facilities, indicating its capacity to raise funds. - FY2018-Q1MitigatedAnnual report
「As of 30 June 2017, the Group had ¥73 billion in unused credit facilities.」
The Group disclosed that it had ¥73 billion in unused credit facilities, indicating its capacity to raise funds in the future. - FY2017MitigatedAnnual report
「Based on its forecasts and outlook, the Group has determined that it can continue operating within its existing credit facilities. No facts have arisen in negotiations with financial institutions concerning future borrowing terms that would suggest it is impossible for the Group to obtain financing on terms it can accept.」
The company states that the business can continue within its existing credit facilities and that no facts have arisen making it difficult to obtain financing on acceptable terms. - FY2017-Q3RestatedAnnual report
「There were no material changes to the business and other risks described in the securities report for the previous fiscal year during the cumulative third quarter of the current fiscal year.」
The company states that there have been no material changes to the risk of raising funds needed in the future. - FY2017-Q2RestatedAnnual report
「There were no material changes to the business and other risks described in the securities report for the previous fiscal year during the cumulative second quarter of the current fiscal year.」
The company states that there have been no material changes to the risk of raising funds needed in the future. - FY2017-Q1RestatedAnnual report
「There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year during the first quarter of the current consolidated cumulative period.」
The company states that there have been no material changes to the risk of raising funds needed in the future. - FY2016First statedAnnual report
「The Group may need to raise additional funds in the future to finance the launch of new products, the execution of business and R&D plans, the expansion of production capacity, the acquisition of complementary businesses, technologies or services, the implementation of cost-cutting measures or restructuring plans, the repayment of maturing debt, and other purposes.」
The Group identifies the potential need to raise additional funds for growth investment, restructuring, debt repayment and other purposes as a risk.