Housing loan funding and funding rate fluctuation risk
First written in FY2017. 8 of 14 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-11-06.
No other company in this theme has enough history to compare yet.
- 2026-11-06MaterialisedFinancial results presentation
「金利上昇の影響を受け、資金調達コスト等の営業原価は前期比で53.3％増加」
金利上昇が資金調達コスト等の営業原価増加として中間期実績に現れたと記載している。canonicalスレッド自体は変更していない。 - FY2027-H1MaterialisedAnnual report
「The impact of rising interest rates on financing caused operating costs to increase 53.3%.」
Higher financing interest rates were reflected in an actual increase in operating costs, which rose 53.3% year on year. - FY2026MaterialisedAnnual report
「However, operating costs increased as a result of the impact of higher interest rates on funding.」
It is stated that higher funding rates actually materialized as an increase in operating costs. - FY2026-H1MaterialisedAnnual report
「However, operating costs increased as a result of the impact of higher interest rates on funding.」
It is stated that higher funding rates actually materialized as an increase in operating costs. - FY2024WorsenedAnnual report
「Accordingly, if a change such as a sharp increase in the borrowing rate for these lending funds occurs and the full increase cannot be passed through immediately to lending rates, or if passing it through results in lending terms that are less favorable than those of competitors, this could affect the performance of the housing finance business.」
The risks specific to the business are stated as a sharp rise in the TIBOR-based borrowing rate for bridge loans, delays in passing the increase through to lending rates, and deterioration in competitive terms as a result of the pass-through. - FY2023RestatedAnnual report
「However, if the Company’s creditworthiness declines due to a substantial deterioration in its business performance, or if circumstances on the part of private financial institutions lead them to scale back their relationship with the Company, making it impossible to procure the funds for lending as planned, this could affect the performance of the housing finance business.」
The risk of continued difficulty in procuring funds for home mortgage lending from private financial institutions remains disclosed. - FY2021RestatedAnnual report
「However, if the Company’s creditworthiness declines due to a substantial deterioration in its business performance, or if circumstances on the part of private financial institutions lead them to scale back their relationship with the Company, making it impossible to procure the funds for lending as planned, this could affect the performance of the housing finance business.」
The risk of continued difficulty in procuring funds for home mortgage lending from private financial institutions remains disclosed. - FY2019RestatedAnnual report
「The funds for the housing loans described above are procured from private-sector banks. If the company is no longer able to procure these loan funds as planned due to a decline in creditworthiness resulting from a significant deterioration in its business performance, a reduction in the relationship between the company and a financial institution for reasons attributable to the financial institution, or other factors, this could affect the performance of the business.」
The company reiterates the risk that funding for housing loan lending from private-sector banks may not be obtained as planned. - FY2017First statedAnnual report
「The funds for the housing loans described above are procured from private-sector banks. If the company is no longer able to procure these loan funds as planned due to a decline in creditworthiness resulting from a significant deterioration in its business performance, a reduction in the relationship between the company and a financial institution for reasons attributable to the financial institution, or other factors, this could affect the performance of the business.」
In addition to the risk that funding from private-sector banks may not be obtained as planned, the company describes the possibility that higher funding rates for proprietary bridge loans could affect business performance.