Cash and Liquidity Management Using CMS and Credit Ratings
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「In addition, from January 2024 we began transferring funds through CMS between the Company and certain overseas regional headquarters, working to secure liquidity within the Group and improve funding efficiency.」
In addition to domestic subsidiaries, we began transferring funds through CMS to certain overseas regional headquarters in January 2024. - FY2022RestatedAnnual report
「We currently hold an issuer credit rating of AA− (double-A minus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review. A high credit rating not only reduces funding costs when raising funds in the capital markets, but also helps enhance our credibility with stakeholders and the general public.」
The maintenance and renewal of the AA− rating, and the policy of using it to reduce funding costs and enhance creditworthiness, are reiterated. - FY2021RestatedAnnual report
「We currently hold an issuer credit rating of AA− (double-A minus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review. A high credit rating not only reduces funding costs when raising funds in the capital markets, but also helps enhance our credibility with stakeholders and the general public.」
The acquisition and annual renewal of the AA− rating, and the policy of using the rating to reduce funding costs and enhance creditworthiness, are reiterated. - FY2020RaisedAnnual report
「We currently hold an issuer credit rating of AA− (double-A minus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review.」
The Company disclosed that its issuer credit rating had changed from A+ to AA− and stated its policy of using the maintenance and improvement of the rating to reduce funding costs and enhance creditworthiness. - FY2018RestatedAnnual report
「For our domestic subsidiaries, we introduced a CMS (cash management system) for settling funds between the Company and each subsidiary in October 2003, centralizing the procurement and management of funds to improve efficiency. We currently hold an issuer credit rating of A+ (single-A plus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review.」
The centralized management of funds through CMS and the policy of updating and maintaining the A+ rating are reiterated. - FY2017RestatedAnnual report
「For our domestic subsidiaries, we introduced a CMS (cash management system) for settling funds between the Company and each subsidiary in October 2003, centralizing the procurement and management of funds to improve efficiency. We currently hold an issuer credit rating of A+ (single-A plus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review.」
The centralized management of funds through CMS and the policy of updating and maintaining the A+ rating are reiterated. - FY2016First statedAnnual report
「For our domestic subsidiaries, we introduced a CMS (cash management system) for settling funds between the Company and each subsidiary in October 2003, centralizing the procurement and management of funds to improve efficiency. We currently hold an issuer credit rating of A+ (single-A plus) from Rating and Investment Information, Inc. (R&I), and update the rating following an annual review.」
Funds at domestic subsidiaries are centrally managed through CMS, and the maintenance and improvement of the A+ rating are also discussed.