Interest Rate and Liquidity Risks Associated with Borrowings and Lease Liabilities
First written in FY2017. 8 of 26 entries say "Mitigated", first in FY2019. Latest entry: 2026-06-11.
The whole theme swung hardest in 2022: 4 of 26 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Liabilities decreased by ¥142 million year on year to ¥14,019 million. The main changes were as follows: increases: accounts payable, ¥192 million; deposits received, ¥108 million; short-term borrowings, ¥300 million. Decreases: current portion of long-term borrowings, ¥53 million; long-term borrowings, ¥532 million; lease liabilities, ¥326 million.」
Although short-term borrowings increased by ¥300 million, long-term borrowings and lease liabilities decreased, resulting in a ¥142 million decrease in total liabilities. - FY2025-H1MitigatedAnnual report
「Liabilities decreased by ¥646 million from the end of the previous consolidated fiscal year to ¥13,515 million. This was mainly due to decreases of ¥57 million in accounts payable, ¥100 million in short-term borrowings, ¥278 million in long-term borrowings and ¥143 million in lease liabilities.」
Short-term and long-term borrowings and lease liabilities decreased, reducing total liabilities by ¥646 million. Liabilities associated with interest rate and liquidity risk have declined. - FY2024MitigatedAnnual report
「Increase: accounts payable, ¥542 million Decreases: deposits received, ¥330 million; long-term borrowings due for repayment within one year, ¥56 million; long-term borrowings, ¥587 million; lease liabilities, ¥191 million」
Long-term borrowings and lease liabilities decreased, and total liabilities also decreased by ¥564 million year on year. The composition of liabilities related to interest rate and liquidity risks shifted toward accounts payable. - FY2024-Q2Changes in the liability composition due to higher accounts payable and lower borrowings and lease liabilitiesAnnual report
「This was mainly due to a ¥1,249 million increase in accounts payable, partly offset by decreases of ¥306 million in other current liabilities, ¥347 million in long-term borrowings, including amounts due for repayment within one year, and ¥80 million in lease liabilities.」
Total liabilities increased, but long-term borrowings and lease liabilities decreased, with the increase in accounts payable serving as the main driver of the increase in liabilities. - FY2024-Q1Changes in the liability composition due to higher accounts payable and lower borrowingsAnnual report
「Liabilities increased by ¥726 million from the end of the previous consolidated fiscal year to ¥15,452 million. This was mainly due to a ¥1,130 million increase in accounts payable, partly offset by decreases of ¥173 million in long-term borrowings, including amounts due for repayment within one year, and ¥100 million in short-term borrowings.」
Total liabilities increased, but long-term and short-term borrowings decreased, with the increase in accounts payable driving the growth in liabilities. - FY2023-Q3Increase in current liabilities and decrease in long-term debtAnnual report
「Liabilities decreased by ¥218 million from the end of the previous consolidated fiscal year to ¥14,557 million. This was mainly due to an increase of ¥373 million in other current liabilities, partly offset by decreases of ¥285 million in accounts payable, ¥128 million in accounts payable—other, ¥92 million in long-term borrowings including amounts due for repayment within one year, and ¥59 million in lease liabilities.」
Total liabilities decreased, while other current liabilities increased and long-term borrowings and lease liabilities decreased. - FY2023-Q2Increase in accounts payable and other current liabilities and decrease in long-term debtAnnual report
「Liabilities increased by ¥640 million from the end of the previous consolidated fiscal year to ¥15,416 million. This was mainly due to increases of ¥391 million in accounts payable and ¥393 million in other current liabilities, partly offset by decreases of ¥110 million in long-term borrowings, including long-term borrowings due for repayment within one year, and ¥61 million in lease liabilities.」
Total liabilities increased by ¥640 million, with decreases in long-term borrowings and lease liabilities and increases in accounts payable and other current liabilities. - FY2023-Q1Increase in long-term borrowings and accounts payable, among othersAnnual report
「Liabilities increased by ¥422 million from the end of the previous consolidated fiscal year to ¥15,198 million. This was mainly due to increases of ¥354 million in deposits received, ¥202 million in accounts payable, and ¥130 million in long-term borrowings, partly offset by a ¥141 million decrease in accounts payable—other.」
Short-term borrowings were unchanged at ¥4,400 million, while long-term borrowings, accounts payable and deposits received increased, resulting in a ¥422 million increase in total liabilities. - FY2022-Q3Increase in short-term borrowings and decrease in long-term debtAnnual report
「Liabilities decreased by ¥538 million from the end of the previous consolidated fiscal year to ¥13,977 million. This was mainly due to decreases of ¥916 million in long-term borrowings, including long-term borrowings due for repayment within one year, ¥333 million in asset retirement obligations, and ¥318 million in lease liabilities, partly offset by a ¥1,100 million increase in short-term borrowings.」
Short-term borrowings increased by ¥1,100 million, while long-term borrowings, asset retirement obligations and lease liabilities decreased, resulting in a ¥538 million decrease in total liabilities. - FY2022-Q2Decrease in long-term borrowings and lease liabilities and increase in short-term borrowingsAnnual report
「This was mainly due to increases of ¥428 million in accounts payable and ¥500 million in short-term borrowings, partly offset by decreases of ¥669 million in long-term borrowings, including long-term borrowings due for repayment within one year, ¥213 million in lease liabilities, and ¥155 million in asset retirement obligations.」
Short-term borrowings and accounts payable increased, while long-term borrowings, lease liabilities and asset retirement obligations decreased, resulting in a ¥184 million decrease in total liabilities. The composition of liabilities related to interest rate and liquidity risks changed. - FY2022-Q1Decrease in long-term borrowings and asset retirement obligations and increase in short-term borrowingsAnnual report
「This was mainly due to decreases of ¥240 million in accounts payable—other, ¥398 million in long-term borrowings, including long-term borrowings due for repayment within one year, and ¥156 million in asset retirement obligations, partly offset by increases of ¥236 million in accounts payable and ¥200 million in short-term borrowings.」
Long-term borrowings and asset retirement obligations decreased, while short-term borrowings and accounts payable increased, resulting in a ¥475 million decrease in total liabilities. - FY2021Increase in short-term borrowings and reduction in total liabilitiesAnnual report
「Liabilities decreased by ¥2,019 million year on year to ¥14,516 million. The main changes were as follows: Increase: short-term borrowings, ¥1,400 million. Decreases: long-term borrowings, ¥1,655 million; accounts payable, ¥923 million; lease liabilities, ¥468 million.」
Short-term borrowings increased by ¥1,400 million, while long-term borrowings, accounts payable and lease liabilities decreased, resulting in a ¥2,019 million decrease in total liabilities. The composition of liabilities related to interest rate and liquidity risks changed. - FY2021-Q3Increase in liabilities due to higher short-term borrowings and accounts payable—otherAnnual report
「Liabilities increased by ¥1,072 million from the end of the previous consolidated fiscal year to ¥17,608 million. This was mainly due to increases of ¥2,199 million in accounts payable—other and ¥1,000 million in short-term borrowings, partly offset by decreases of ¥984 million in long-term borrowings, ¥351 million in lease liabilities, ¥174 million in consumption taxes payable, and ¥153 million in accounts payable.」
Long-term borrowings and lease liabilities decreased, while short-term borrowings increased by ¥1,000 million and accounts payable—other by ¥2,199 million, resulting in a ¥1,072 million increase in total liabilities. - FY2021-Q2Decrease in long-term borrowings and lease liabilities and increase in short-term borrowings and accounts payableAnnual report
「This was mainly due to increases of ¥145 million in accounts payable and ¥500 million in short-term borrowings, partly offset by decreases of ¥778 million in long-term borrowings, ¥233 million in lease liabilities, and ¥137 million in accounts payable—other.」
Long-term borrowings and lease liabilities decreased, while short-term borrowings and accounts payable increased, resulting in a ¥805 million decrease in total liabilities. The composition of liabilities related to interest rate and liquidity risks changed. - FY2021-Q1Decrease in borrowings and lease liabilities and increase in accounts payableAnnual report
「Liabilities increased by ¥62 million from the end of the previous consolidated fiscal year to ¥16,597 million. This was mainly due to decreases of ¥438 million in long-term borrowings, including amounts due for repayment within one year, and ¥117 million in lease liabilities, partly offset by a ¥748 million increase in accounts payable.」
Long-term borrowings and lease liabilities decreased, while accounts payable increased, resulting in a slight increase in total liabilities. The composition of liabilities related to interest rate and liquidity risks changed. - FY2020MitigatedAnnual report
「Liabilities decreased by ¥1,719 million year on year to ¥16,535 million. This was mainly due to decreases of ¥1,700 million in short-term borrowings, ¥502 million in lease liabilities, and ¥312 million in long-term borrowings, including amounts due for repayment within one year.」
Short-term borrowings, lease liabilities and long-term borrowings decreased, reducing liabilities related to interest rate and liquidity risks as well as total liabilities. - FY2020-Q3Increase in short-term borrowings and decrease in lease liabilitiesAnnual report
「Liabilities increased by ¥1,057 million from the end of the previous consolidated fiscal year to ¥19,312 million. This was mainly due to increases of ¥989 million in accounts payable and ¥500 million in short-term borrowings, partly offset by a ¥349 million decrease in lease liabilities.」
Short-term borrowings increased by ¥500 million, while lease liabilities decreased by ¥349 million, changing the composition of liabilities related to interest rate and liquidity risks. Total liabilities increased by ¥1,057 million. - FY2020-Q2MitigatedAnnual report
「This was mainly due to decreases of ¥763 million in long-term borrowings, ¥220 million in long-term borrowings due for repayment within one year, and ¥226 million in lease liabilities, partly offset by increases of ¥384 million in accounts payable and ¥301 million in short-term borrowings.」
Long-term borrowings, long-term borrowings due for repayment within one year, and lease liabilities decreased, reducing total liabilities by ¥596 million. - FY2019MitigatedAnnual report
「We enter into interest rate swaps to avoid interest rate risk on borrowings, identifying the hedged item for each individual contract.」
The Company has explicitly stated that it hedges the risk of fluctuations in borrowing interest rates through interest rate swaps. The balance of borrowings also decreased from the previous fiscal year. - FY2019-Q3Changes in the liability composition due to lower borrowingsAnnual report
「Liabilities decreased by ¥2,604 million from the end of the previous consolidated fiscal year to ¥18,646 million. This was mainly due to decreases of ¥1,624 million in long-term borrowings, including borrowings due for repayment within one year, ¥300 million in short-term borrowings, and ¥657 million in accounts payable.」
Long-term and short-term borrowings decreased, changing the composition of liabilities related to interest rate and liquidity risks. - FY2019-Q2Decrease in borrowings and increase in accounts payableAnnual report
「This was mainly due to decreases of ¥1,018 million in long-term borrowings, including borrowings due for repayment within one year, and ¥300 million in short-term borrowings, partly offset by increases of ¥1,972 million in accounts payable and ¥125 million in accounts payable—other.」
Long-term and short-term borrowings decreased by a combined ¥1,318 million, while accounts payable and accounts payable—other increased, changing the composition of liabilities related to interest rate and liquidity risks. - FY2019-Q1Decrease in borrowings and increase in lease liabilitiesAnnual report
「Liabilities decreased by ¥215 million from the end of the previous consolidated fiscal year to ¥21,035 million. This was mainly due to increases of ¥387 million in accounts payable and ¥154 million in lease liabilities, partly offset by decreases of ¥548 million in long-term borrowings, including borrowings due for repayment within one year, ¥100 million in short-term borrowings, and ¥73 million in accounts payable—other.」
Long-term borrowings decreased by ¥548 million and short-term borrowings by ¥100 million, while lease liabilities increased by ¥154 million, changing the composition of liabilities related to interest rate and liquidity risks. - FY2018Increase in borrowings and decrease in lease obligationsAnnual report
「Short-term borrowings increased by ¥2,400 million and long-term borrowings, including amounts due for repayment within one year, increased by ¥1,443 million, while lease liabilities decreased by ¥2,143 million.」
Although exposure to interest rate and liquidity risks changed as borrowings increased, lease liabilities declined. - FY2017First statedAnnual report
「Short-term borrowings, long-term borrowings and lease liabilities are used to raise funds required for working capital and capital investment. Some of these liabilities are exposed to interest rate risk and liquidity risk associated with funding.」
The Company recognises interest rate risk and liquidity risk related to its ability to make payments in connection with borrowings and lease liabilities used for working capital and capital investment.