Risk of Funding Constraints and Higher Funding Costs
First written in FY2018. 7 of 11 entries say "Worsened", first in FY2024-Q3. Latest entry: 2026-09-15.
Premium Group moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 23 of 75 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- 2026-09-15WorsenedOccurring Fact
「(2) Principal amount of debt ¥5,000 million」
The company resolved to enter into a ¥5,000 million syndicated loan agreement to secure working capital, adding liabilities related to financing. The agreement also includes financial covenants requiring the company to maintain total equity and avoid operating losses for 2 consecutive fiscal years. - FY2026WorsenedAnnual report
「Total liabilities at the end of the consolidated fiscal year increased by ¥7,631 million from the end of the previous consolidated fiscal year to ¥173,670 million. This was mainly due to a ¥33,821 million increase in borrowings, among other factors.」
Borrowings increased from ¥51,188 million to ¥85,009 million, expanding liabilities related to financing. The company also describes a funding policy centered on fixed-rate borrowings. - FY2026-H1WorsenedAnnual report
「Total liabilities at the end of the current interim consolidated accounting period increased by ¥12 million from the end of the previous consolidated fiscal year to ¥166,051 million. This was mainly due to borrowings increasing by ¥19,593 million, while financial guarantee contracts decreased by ¥17,730 million and other financial liabilities decreased by ¥2,121 million.」
Borrowings increased by ¥19,593 million, from ¥51,188 million to ¥70,781 million, expanding liabilities related to financing. - FY2025-H1Lower borrowings and higher financial guarantee contractsAnnual report
「Borrowings 42,333 41,685 Financial guarantee contracts 45,726 50,195」
Borrowings decreased from ¥42,333 million at the end of the previous consolidated fiscal year to ¥41,685 million at the end of the current interim consolidated accounting period, while financial guarantee contracts increased from ¥45,726 million to ¥50,195 million. - FY2024Higher borrowings and liquidity secured through committed credit facilitiesAnnual report
「The Group mitigates liquidity risk by entering into commitment agreements and overdraft agreements with financial institutions. At the end of the current consolidated fiscal year, the undrawn amount of short-term borrowing facilities was ¥9,000 million, compared with ¥8,000 million at the end of the previous consolidated fiscal year.」
The Group states that borrowings increased to ¥42,333 million while ¥9,000 million in undrawn short-term borrowing facilities was secured. - FY2024-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥18,316 million from the end of the previous consolidated fiscal year to ¥106,395 million. This was mainly due to an ¥11,340 million increase in borrowings as the credit business expanded and a ¥6,772 million increase in financial guarantee contracts.」
Borrowings increased by ¥11,340 million as the credit business expanded, increasing the balance of liabilities related to funding. quantified is true, materialized is false. - FY2019RestatedAnnual report
「Funding costs could rise as market interest rates increase, or new funding could be restricted due to turmoil in the financial markets.」
The Group continues to disclose the risks of restricted funding and higher funding costs, including those relating to borrowings, syndicated loans and receivables securitisation. - FY2018First statedAnnual report
「The Group faces risks including higher funding costs accompanying increases in market interest rates, restrictions on new funding due to turmoil in the financial markets, and higher funding costs or an inability to raise funds due to reduced creditworthiness arising from weak operating performance, inadequate corporate governance or other factors.」
The Group identifies liquidity and creditworthiness risks associated with relying primarily on bank borrowings, syndicated loans and the securitisation of installment receivables as its funding methods.