Financial Risks Relating to Counterparty Credit, Interest Rates and Liquidity
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2022.
2 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group procures the funds it needs, primarily through bank borrowings, based on its capital investment plans. It also finances short-term working capital through bank borrowings.」
The Group continues its policy of using long-term borrowings primarily for capital investment and long-term working capital, and internal funds and short-term borrowings primarily for short-term working capital, while taking credit, interest rate and liquidity risks into account. - FY2020RestatedAnnual report
「Short-term working capital is financed primarily with internal funds and short-term borrowings from financial institutions, while long-term borrowings from financial institutions are used primarily to finance capital investment and long-term working capital.」
The Group continues its policy of managing financial risks related to credit, interest rates and liquidity while combining internal funds with short-term and long-term borrowings for financing. - FY2017First statedAnnual report
「Trade notes and accounts receivable and electronically recorded monetary claims, which are trade receivables, are exposed to customer credit risk. Borrowings and lease obligations related to finance leases are primarily used to procure funds needed for capital investment. Some borrowings carry variable interest rates and are therefore exposed to interest rate risk.」
The Group manages customer credit risk on trade receivables, interest rate risk on variable-rate borrowings and liquidity risk, meaning the risk of being unable to make payments when due, as financial risks.