Funding Constraints Arising from Changes in Financial Markets and Credit Ratings
First written in FY2017. 2 of 4 entries say "Mitigated", first in FY2018. Latest entry: FY2021.
Panasonic Holdings moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2021SoftenedAnnual report
「In June 2018, the company entered into commitment line agreements with several financial institutions for a 3-year term and a total amount of ¥700 billion. When the agreements expired in June 2021, it newly entered into commitment line agreements with a 3-year term and a total amount of ¥600 billion.」
To address the financing environment, the company renewed its commitment lines in June 2021 with a 3-year term and a total amount of ¥600 billion, reducing the facility from the previous ¥700 billion. - FY2020-Q1MitigatedAnnual report
「To establish access to overseas markets with a broad investor base and diversify and expand its funding base, the Company issued US dollar-denominated unsecured straight bonds totaling US$2.5 billion on 19 July 2019.」
To address constraints on financing arising from changes in financial markets and credit ratings, the company established access to overseas markets and diversified its financing base. - FY2018MitigatedAnnual report
「In June 2018, the company entered into commitment line agreements with several transaction banks for a total amount of ¥700,000 million and a term of 3 years.」
To address constraints on financing arising from changes in financial markets and credit ratings, the company entered into commitment line agreements with a 3-year term and a total amount of ¥700 billion. - FY2017First statedAnnual report
「If financial markets become unstable or deteriorate, financial institutions reduce lending, or the company's credit rating is downgraded by a rating agency, financing may be constrained because the company may be unable to obtain the funds it needs at the required time and on terms it considers appropriate, and financing costs may increase.」
The company disclosed constraints on financing and increased costs arising from changes in financial markets, financial institutions' lending stance and credit ratings as risks.