Funding risk from deteriorating financial markets and credit downgrades
First written in FY2016. 5 of 11 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Nikon moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 15 of 58 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Net cash after deducting interest-bearing debt stood at negative ¥81.772 billion.」
Net cash deteriorated from negative ¥50.058 billion in the previous fiscal year to negative ¥81.772 billion, and the company also disclosed an increase in short-term borrowings and outstanding borrowings of ¥4,000 million. - 2026-05-29WorsenedGeneral Meetings of Shareholders
「長期借入金 128,293 121,738」
2026年3月31日時点の長期借入金は帳簿価額128,293百万円となり、資金調達・流動性リスクに関する財務負担が示された。 - FY2026-H1WorsenedAnnual report
「This was because bonds and borrowings increased by ¥2,992.8 million and advances received increased by ¥738.4 million.」
Bonds and borrowings at the end of the interim consolidated accounting period increased by ¥2,992.8 million from the end of the previous consolidated fiscal year, contributing to the increase in liabilities. - FY2025WorsenedAnnual report
「Net cash after deducting interest-bearing debt stood at negative ¥50.058 billion.」
Net cash turned negative, from positive ¥14.472 billion in the previous fiscal year to negative ¥50.058 billion, increasing the company's exposure to funding and liquidity risks. - FY2024WorsenedAnnual report
「Net cash after deducting interest-bearing debt stood at ¥14.472 billion.」
Net cash declined from ¥217.179 billion in the previous fiscal year to ¥14.472 billion, increasing the company's exposure to funding and liquidity risks. - FY2023MitigatedAnnual report
「Total commitment lines 200,500 Outstanding borrowings － Undrawn amount 200,500」
As a measure to secure liquidity on hand, the company increased its commitment lines from ¥50,500 million in the previous fiscal year to ¥200,500 million and disclosed that outstanding borrowings were zero. - FY2022MitigatedAnnual report
「Net cash after deducting interest-bearing debt stood at ¥217.179 billion.」
The company disclosed net cash of ¥217.179 billion, supported by liquidity on hand, commitment lines, global cash management and other funding management measures. - FY2021MitigatedAnnual report
「Net cash stood at ¥204.170 billion.」
The company stated that funding, including bond issuance, and liquidity on hand put it in a position to maintain stable operations for the time being even on the assumption of sudden changes caused by infectious diseases and other factors. - FY2020MitigatedAnnual report
「To prepare for circumstances in which these factors place pressure on cash flow, the company is working to secure sufficient liquidity on hand, including cash and deposits and commitment lines, and remains in a position to maintain stable operations for the time being even on the assumption of rapid changes in the business environment caused by the spread of COVID-19.」
The company explicitly stated that it secures liquidity on hand through cash and deposits, commitment lines and other means as a response to funding and cash flow risks arising from market turmoil and infectious diseases. - FY2017RestatedAnnual report
「The Group raises funds in response to its funding needs, taking into account the balance between short- and long-term funding and between direct and indirect financing. However, if financial market conditions deteriorate, it may be affected by higher interest rates and limitations on the available funding methods.」
The company continues to disclose funding risks arising from deteriorating financial markets, higher interest rates and credit downgrades. - FY2016First statedAnnual report
「The Group raises funds in response to its funding needs, taking into account the balance between short- and long-term funding and between direct and indirect financing. However, if financial market conditions deteriorate, it may be affected by higher interest rates and limitations on the available funding methods.」
Liquidity risk is addressed through bank borrowings, bond issuance and commitment lines.