Interest-rate and liquidity risk relating to borrowings
First written in FY2022. 7 of 14 entries say "Restated". Latest entry: 2026-09-18.
The whole theme swung hardest in 2022: 4 of 26 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「In the current environment of rising interest rates, the interest rate applied after refinancing may exceed the previous rate, potentially increasing financing costs.」
The sensitivity analysis showed a ¥77 million decrease in pretax profit if interest rates rise by 100 basis points. In addition, financing cost and liquidity risks arising from the undetermined interest rate and terms after refinancing have become more specific. - 2026-05-15MitigatedEarnings presentation
「Trade receivables and trade payables balance over the short term, resulting in a negative CCC (Cash Conversion Cycle). Consequently, financial risk is limited even in an environment of rising interest rates.」
The company explained that short-term balance between trade receivables and payables and a negative cash conversion cycle limit financial risk when interest rates rise. - FY2025Change in the interest rate sensitivity assumption to 100 basis pointsAnnual report
「The assumption was a 10-basis-point increase in the previous fiscal year, but it was changed to 100 basis points from the current fiscal year due to factors including the rise in global interest rates.」
For the sensitivity analysis of interest rate risk, the assumption was changed from a 10-basis-point increase in the previous period to 100 basis points in the current period, with the impact on pretax profit stated as a ¥90 million decrease. - FY2025-H1RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2024-Q3RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2024-Q2RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2024-Q1RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2023-Q3RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2023-Q2RestatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company continues to explain that the short-term balance between collections and payments to merchants limits both the increase in working capital associated with business expansion and the impact of rising interest rates. - FY2023-Q1MitigatedAnnual report
「Our group's payment services have short collection cycles from end users and short payment cycles to merchants that remain balanced. As a result, the increase in working capital accompanying business expansion is limited, making the business structure relatively insensitive to rising interest rates.」
The company explains that the collection and merchant payment cycles are balanced over a short period and that the resulting limited increase in working capital from business expansion makes the business relatively insulated from the impact of rising interest rates. - FY2022First statedAnnual report
「Our group is exposed to various interest rate risks in the course of its business activities. In particular, changes in interest rates have a significant impact on borrowing costs.」
The company disclosed interest rate risk on floating-rate borrowings, stating that a 10-basis-point increase in interest rates would reduce pretax profit by ¥11 million in the previous period and ¥6 million in the current period.