Higher Funding Costs and Full-Repayment Risk Due to Rising Interest Rates and Declining Creditworthiness
First written in FY2018. 8 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Current liabilities decreased mainly because current portions of long-term borrowings, totaling ¥412 million, decreased, among other factors. Non-current liabilities decreased mainly because long-term borrowings decreased by ¥457 million, among other factors.」
Total long-term borrowings decreased, reducing borrowing exposure to funding costs and lump-sum repayment risks associated with rising interest rates and weaker creditworthiness. - 2026-05-12MitigatedEarnings
「Current liabilities decreased mainly because current portions of long-term borrowings, totaling ¥412 million, decreased, among other factors. Non-current liabilities decreased mainly because long-term borrowings decreased by ¥457 million, among other factors.」
Current portions of long-term borrowings and long-term borrowings decreased, reducing the outstanding balance of borrowings and exposure related to lump-sum repayments. - FY2026-H1Decrease in long-term borrowings and increase in short-term borrowingsAnnual report
「Current liabilities increased mainly because short-term borrowings increased by ¥705 million, while notes and accounts payable decreased by ¥247 million and the provision for bonuses decreased by ¥299 million. Fixed liabilities decreased mainly because long-term borrowings declined by ¥312 million.」
Long-term borrowings decreased by ¥312 million, while short-term borrowings increased by ¥705 million, changing the composition of borrowings. - FY2025MitigatedAnnual report
「Fixed liabilities decreased mainly because long-term borrowings declined by ¥1,756 million.」
Long-term borrowings declined substantially, and the notes to the financial instruments also show a decrease from ¥4,332 million in the previous fiscal year to ¥1,829 million, reducing exposure to funding costs and lump-sum repayment. - FY2020RestatedAnnual report
「If the cost of funding required for our group to conduct its business increases due to higher interest rates, a decline in our group’s creditworthiness or other factors, profitability may deteriorate. In addition, if we are required to repay interest-bearing debt in a lump sum, this could adversely affect our financial condition.」
The company continues to disclose the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and demands for lump-sum repayment. - FY2020-Q3RestatedAnnual report
「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2019RestatedAnnual report
「If funding costs increase due to higher interest rates, a decline in our group’s creditworthiness or other factors, profitability may deteriorate, and if we are required to repay interest-bearing debt in a lump sum」
The company continues to disclose the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and demands for lump-sum repayment. - FY2019-Q3RestatedAnnual report
「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2019-Q1RestatedAnnual report
「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of higher funding costs due to rising interest rates and weaker creditworthiness, and lump-sum repayment. - FY2018First statedAnnual report
「If the cost of funding required for our group to conduct its business increases due to higher interest rates, a decline in our group’s creditworthiness or other factors, profitability may deteriorate. In addition, if we are required to repay interest-bearing debt in a lump sum, this could adversely affect our financial condition.」
The company explicitly identifies higher funding costs due to rising interest rates and weaker creditworthiness, and demands for lump-sum repayment of interest-bearing debt, as funding risks.