Interest Rate and Liquidity Risks Associated with Borrowings
First written in FY2017. 9 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 6 of 26 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In addition to cash and cash equivalents on hand, the company has secured sufficient liquidity with the support of its relationship banks, led by its principal bank, and has no concerns regarding its near-term cash flow or financial stability.」
Cash and cash equivalents were ¥51,985 million, and the balance of long-term borrowings at the end of the period was zero. The company continues to explain how it is securing liquidity. - FY2024MitigatedAnnual report
「In addition to cash and cash equivalents on hand, the company has secured sufficient liquidity with the support of its relationship banks, led by its principal bank, and has no concerns regarding its near-term cash flow or financial stability.」
The company explains that it secured cash and cash equivalents of ¥42,011 million, while long-term borrowings decreased from ¥2,585 million at the end of the previous fiscal year to ¥1,372 million. - FY2022MitigatedAnnual report
「In addition to cash and cash equivalents on hand, the company has secured sufficient liquidity with the support of its relationship banks, led by its principal bank, and has no concerns regarding its near-term cash flow or financial stability.」
The company explains that it has secured liquidity through cash on hand and the support of financial institutions. Cash and cash equivalents were ¥25,036 million, while borrowings decreased by ¥5,557 million from the end of the previous fiscal year. - FY2020MitigatedAnnual report
「In addition to cash and cash equivalents on hand, the company has secured sufficient liquidity with the support of its relationship banks, led by its principal bank, and has no concerns regarding its near-term cash flow or financial stability.」
Assuming that the spread of COVID-19 will be prolonged, the company has maintained and increased its commitment line and overdraft agreements with multiple financial institutions to secure liquidity. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
The company states that there has been no new occurrence or material change in risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new risks beyond the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the third-quarter cumulative consolidated period.」
The company states that there are no new risks beyond the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
The company states that there has been no new occurrence or material change in the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new risks beyond the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2018RestatedAnnual report
「Variable-rate borrowings are exposed to interest-rate fluctuation risk. For some long-term borrowings, the company uses derivatives, specifically interest-rate swaps, as hedging instruments under individual contracts to avoid the risk of fluctuations in interest payments and fix interest expenses. Trade payables and borrowings are also exposed to liquidity risk.」
The company reiterates its policy of recognizing interest rate risk on variable-rate borrowings and liquidity risk on trade payables and borrowings, and managing them through interest rate swaps and cash flow plans. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the second quarter of the current consolidated fiscal year.」
The company states that there are no new risks beyond the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
The company states that there are no new risks beyond the existing risks related to interest rate fluctuations on borrowings and funding liquidity. - FY2017First statedAnnual report
「Variable-rate borrowings are exposed to interest-rate fluctuation risk. For some long-term borrowings, the company uses derivatives, specifically interest-rate swaps, as hedging instruments under individual contracts to avoid the risk of fluctuations in interest payments and fix interest expenses. Trade payables and borrowings are also exposed to liquidity risk.」
The company recognizes interest rate risk on variable-rate borrowings and liquidity risk on trade payables and borrowings, and manages them through interest rate swaps and cash flow plans.