Funding Risk Due to Deterioration in Borrowing Conditions and Financial Markets
First written in FY2017-Q2. 21 of 32 entries say "Mitigated", first in FY2020. Latest entry: 2026-05-15.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026-H1MitigatedAnnual report
「The total overdraft facility limit at the end of the interim period was ¥113.0 billion, with no outstanding borrowings under the agreement. In addition, there were no outstanding borrowings under the ¥200.0 billion commitment line agreement executed on 29 September 2023.」
Net cash declined to ¥590.5 billion following the share repurchase, while the company continued to have no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line. - FY2025MitigatedAnnual report
「Net cash was ¥822.7 billion. At the end of the fiscal year, the total overdraft facility limit was ¥113.0 billion, with no outstanding borrowings under the agreement. In addition, the company had entered into a ¥200.0 billion commitment line agreement.」
Even after the large-scale share repurchase, net cash was ¥822.7 billion, and the company continued to have no outstanding borrowings under the overdraft facility or commitment line. - FY2025-H1MitigatedAnnual report
「The total overdraft facility limit at the end of the interim period was ¥113.0 billion, with no outstanding borrowings under the agreement. In addition, there were no outstanding borrowings under the ¥200.0 billion commitment line agreement executed on 29 September 2023.」
Net cash declined to ¥756.6 billion following the share repurchase, but there were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line, and liquidity remained secured. - FY2024MitigatedAnnual report
「Cash and cash equivalents 1,136.8; interest-bearing debt, excluding lease liabilities, 1.3; net cash 1,135.4」
Net cash stood at ¥1.1354 trillion at the end of FY2024, with no outstanding borrowings under the overdraft facility or the ¥200.0 billion commitment line. - FY2024-Q3MitigatedAnnual report
「As of the end of the third quarter, there were no outstanding borrowings under the ¥200.0 billion commitment line agreement executed on 29 September 2023.」
Net cash stood at ¥1.0206 trillion at the end of the third quarter, and there were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line. Liquidity remained secured. - FY2024-Q2MitigatedAnnual report
「There were no outstanding borrowings under the agreement as of the end of the second quarter.」
The previous ¥200.0 billion commitment line was terminated on 28 September 2023, and a new ¥200.0 billion agreement effective from 29 September was executed. Net cash stood at ¥1.0064 trillion at the end of the second quarter, with no outstanding borrowings. - FY2024-Q1MitigatedAnnual report
「Cash and cash equivalents, interest-bearing debt, and net cash, the difference between the two, are as follows.」
Cash and cash equivalents stood at ¥965.7 billion at the end of June 2023, interest-bearing debt at ¥36.0 billion, and net cash at ¥929.7 billion. There were no outstanding borrowings under the overdraft facility or the ¥200.0 billion commitment line, and liquidity remained secured. - FY2023MitigatedAnnual report
「As of the end of the fiscal year, cash and cash equivalents amounted to ¥877.3 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥35.2 billion. Net cash, the difference between the two, was ¥842.0 billion.」
Regarding measures to address funding and liquidity risks, net cash stood at ¥842.0 billion, up ¥233.1 billion from the end of the previous fiscal year. There were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line. - FY2023-Q3MitigatedAnnual report
「As of the end of the third quarter, cash and cash equivalents amounted to ¥814.9 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥48.9 billion. Net cash, the difference between the two, was ¥765.9 billion. Net cash increased by ¥157.0 billion from the end of the previous fiscal year.」
Net cash stood at ¥765.9 billion at the end of the third quarter, up ¥157.0 billion from the end of the previous fiscal year. There were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line, and liquidity remained secured. - FY2023-Q2MitigatedAnnual report
「As of the end of the second quarter, cash and cash equivalents amounted to ¥967.6 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥50.7 billion. Net cash, the difference between the two, was ¥916.9 billion.」
Net cash stood at ¥916.9 billion, up ¥308.0 billion from the end of the previous fiscal year. There were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line, and liquidity remained secured. - FY2023-Q1MitigatedAnnual report
「As of the end of the first quarter, cash and cash equivalents amounted to ¥843.3 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥63.6 billion. Net cash, the difference between the two, was ¥779.7 billion. Net cash increased by ¥170.8 billion from the end of the previous fiscal year.」
Net cash stood at ¥779.7 billion, up ¥170.8 billion from the end of the previous fiscal year. The company continued to have no outstanding borrowings under the commitment line or overdraft facility. - FY2022MitigatedAnnual report
「As of the end of the fiscal year, cash and cash equivalents amounted to ¥669.5 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥60.6 billion. Net cash, the difference between the two, was ¥608.9 billion.」
As measures to address funding and liquidity risks, it was stated that net cash stood at ¥608.9 billion and that there were no outstanding borrowings under either the overdraft facility or the ¥200.0 billion commitment line. - FY2022-Q3MitigatedAnnual report
「As of the end of the third quarter, cash and cash equivalents amounted to ¥719.1 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥101.6 billion. Net cash, the difference between the two, was ¥617.5 billion.」
It was stated that net cash stood at ¥617.5 billion and that there were no outstanding borrowings under either the ¥113.0 billion overdraft facility or the ¥200.0 billion commitment line. Funding liquidity remained secured. - FY2022-Q2MitigatedAnnual report
「As of the end of the second quarter, cash and cash equivalents amounted to ¥589.9 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥100.8 billion. Net cash, the difference between the two, was ¥489.1 billion.」
Net cash stood at ¥489.1 billion, up ¥100.9 billion from the end of the previous fiscal year. There were also no outstanding borrowings under the overdraft facility or the ¥200.0 billion commitment line, and liquidity remained secured. - FY2022-Q1MitigatedAnnual report
「As of the end of the first quarter, cash and cash equivalents amounted to ¥537.4 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥112.7 billion. Net cash, the difference between the two, was ¥424.6 billion.」
Regarding measures to address funding risks, net cash stood at ¥424.6 billion, up ¥36.4 billion from the end of the previous fiscal year, and there were no outstanding borrowings under the overdraft facility or the ¥200.0 billion commitment line. - FY2021Changed the commitment line to ¥200.0 billionAnnual report
「Following the execution of the commitment line agreement, we reviewed our liquidity position and other factors. As a result, we terminated the agreement effective 31 March 2021 and entered into a new commitment line agreement with a total amount of ¥200.0 billion, effective 1 April 2021.」
As a liquidity measure, the previous ¥399.9 billion agreement was terminated and changed to a new ¥200.0 billion agreement effective 1 April 2021. - FY2021-Q3MitigatedAnnual report
「As of the end of the third quarter, cash and cash equivalents amounted to ¥453.9 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥122.2 billion. Net cash, the difference between the two, was ¥331.6 billion.」
Net cash stood at ¥331.6 billion at the end of the third quarter. There were no outstanding borrowings under the ¥113.0 billion overdraft facility or the ¥399.9 billion commitment line, securing funding liquidity. - FY2021-Q2MitigatedAnnual report
「As of the end of the second quarter, cash and cash equivalents amounted to ¥466.9 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥123.2 billion, resulting in net cash of ¥343.7 billion.」
Net cash stood at ¥343.7 billion at the end of the second quarter, up ¥59.2 billion from the end of the previous fiscal year. There were also no outstanding borrowings under the overdraft facility or the ¥399.9 billion commitment line. - FY2021-Q1MitigatedAnnual report
「As of the end of the first quarter, cash and cash equivalents amounted to ¥445.9 billion, while interest-bearing debt, including bonds and borrowings but excluding lease liabilities, amounted to ¥136.0 billion, resulting in net cash of ¥309.8 billion.」
Regarding measures to address funding risk, the disclosure states that net cash was ¥309.8 billion at the end of the first quarter and that there were no borrowings outstanding under overdraft facilities or commitment lines. - FY2020MitigatedAnnual report
「In addition, the Company entered into a commitment line agreement totaling ¥399.9 billion on 30 April 2020. As of 30 June 2020, there were no borrowings outstanding under the commitment line agreement. Through these measures, the Company seeks to secure sufficient liquidity even amid significant changes in the business environment.」
To address funding risk, the Company entered into a ¥399.9 billion commitment line agreement and seeks to secure liquidity. - FY2020-Q1RestatedAnnual report
「During the first quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding funding risk due to deterioration in borrowing terms and financial markets. - FY2019RestatedAnnual report
「The Group may be unable to raise funds in a timely manner and on the terms it seeks due to factors such as an economic downturn, deterioration in financial markets, higher interest rates, a decline in the Group's creditworthiness, and worsening business prospects.」
The funding risk associated with borrowing and bond financing terms, interest rates, creditworthiness, and covenant breaches is reiterated. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding funding risk due to deterioration in borrowing terms and financial markets. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding funding risk due to deterioration in borrowing terms and financial markets. - FY2018-Q2RestatedAnnual report
「During the six months ended the second quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding funding risk due to deterioration in borrowing terms and financial markets. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding funding risk due to deterioration in borrowing terms and financial markets. - FY2017RestatedAnnual report
「Accordingly, the Group may be unable to raise funds in a timely manner and on the terms it seeks due to factors such as an economic downturn, deterioration in financial markets, higher interest rates, a decline in the Group's creditworthiness, and worsening business prospects.」
The risk of being unable to raise funds on favorable terms due to deterioration in financial markets, interest rates, creditworthiness, and other factors is reiterated. - FY2017-Q3RestatedAnnual report
「The Group may be unable to raise funds in a timely manner and on the terms it seeks due to factors such as an economic downturn, deterioration in financial markets, higher interest rates, a decline in the Group's creditworthiness, and worsening business prospects.」
The risk of being unable to raise funds on favorable terms due to deterioration in financial markets, interest rates, creditworthiness, and other factors is reiterated. - FY2017-Q2First statedAnnual report
「Accordingly, the Group may be unable to raise funds in a timely manner and on the terms it seeks due to factors such as an economic downturn, deterioration in financial markets, higher interest rates, a decline in the Group's creditworthiness, and worsening business prospects.」
The disclosure describes the risk that deterioration in financial markets, interest rates, creditworthiness, and other factors could make it difficult to raise funds on favorable terms. It also refers to financial covenants and the possibility of repayment of borrowings in full.