Funding Risk from Changes in Financial Conditions and Creditworthiness
First written in FY2018. 10 of 19 entries say "Mitigated", first in FY2022. Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total borrowings as of the end of the interim consolidated accounting period were ¥17,256 million (¥18,520 million at the end of the previous fiscal year). The equity ratio rose to 36.1% due to an increase in net assets, up 0.4 percentage points from 35.7% at the end of the previous fiscal year.」
Total borrowings decreased by ¥1,264 million from the end of the previous fiscal year, while the equity ratio rose from 35.7% to 36.1%. The financial balance improved at the interim point. - 2026-06-11WorsenedEarnings
「Total borrowings at the end of the current first-quarter consolidated accounting period were ¥19,624 million, compared with ¥18,520 million at the end of the previous consolidated fiscal year.」
Total borrowings increased by ¥1,104 million from the end of the previous fiscal year, while the equity ratio declined from 35.7% to 33.4%, indicating deterioration in quarterly financial metrics. - FY2026MitigatedAnnual report
「During the fiscal year, long-term borrowings were reduced, but borrowings stood at ¥18,520 million, up ¥15 million year on year, due to the inclusion of external borrowings of consolidated subsidiaries associated with new M&A transactions and other factors.」
Borrowings remained broadly flat at ¥18,520 million, up ¥15 million year on year, while the equity ratio rose to 35.7%. The improvement in the financial balance through the previous fiscal year continued. - 2026-03-12MitigatedRevisions to earnings forecasts
「The equity ratio rose to 35.7%, up 0.9 percentage points from 34.8% at the end of the previous consolidated fiscal year, reflecting an increase in net assets.」
The equity ratio improved, indicating annual improvement in the financial balance, which had deteriorated as of the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Total borrowings as of the end of the interim consolidated accounting period were ¥19,718 million (¥18,504 million at the end of the previous fiscal year). The equity ratio fell to 33.8% due to an increase in liabilities, down 1.0 percentage point from 34.8% at the end of the previous fiscal year.」
Total borrowings increased by ¥1,214 million from the end of the previous fiscal year, while the equity ratio fell from 34.8% to 33.8%, resulting in a deterioration in financial indicators from the end of the previous fiscal year. - FY2025-H1MitigatedAnnual report
「Total borrowings as of the end of the interim consolidated accounting period were ¥20,555 million (¥21,427 million at the end of the previous fiscal year).」
Total borrowings decreased by ¥872 million from the end of the previous fiscal year. The equity ratio also rose from 30.8% to 32.3%, indicating an improvement in the financial balance at the interim point. - FY2025-Q1WorsenedAnnual report
「Total borrowings as of the end of the first quarter of the fiscal year were ¥23,188 million (¥21,427 million at the end of the previous fiscal year). The equity ratio fell to 29.1% due to an increase in total assets, down 1.7 percentage points from 30.8% at the end of the previous fiscal year.」
Total borrowings increased by ¥1,761 million from the end of the previous fiscal year, while the equity ratio fell from 30.8% to 29.1%. The financial indicators deteriorated at the quarterly point compared with the improvement in the financial balance achieved in the previous fiscal year. - FY2024MitigatedAnnual report
「During the fiscal year, we reduced long-term borrowings to improve our financial balance, resulting in borrowings of ¥21,427 million, down ¥5,400 million year on year.」
Long-term borrowings were repaid, reducing borrowings to ¥21,427 million, down ¥5,400 million year on year, while the equity ratio rose to 30.8%. - FY2024-Q3MitigatedAnnual report
「Total borrowings as of the end of the third quarter of the fiscal year were ¥24,356 million (¥26,827 million at the end of the previous fiscal year). The equity ratio rose to 28.4% due to an increase in equity, up 2.8 percentage points from 25.7% at the end of the previous fiscal year.」
Total borrowings decreased by ¥2,571 million from the end of the previous fiscal year, while the equity ratio rose from 25.7% to 28.4%. - FY2024-Q2MitigatedAnnual report
「Total borrowings as of the end of the second quarter of the fiscal year were ¥25,490 million (¥26,827 million at the end of the previous fiscal year). The equity ratio rose to 27.0% due to an increase in equity, up 1.4 percentage points from 25.7% at the end of the previous fiscal year.」
Total borrowings decreased by ¥1,337 million from the end of the previous fiscal year, while the equity ratio rose from 25.7% to 27.0%. - FY2024-Q1WorsenedAnnual report
「Total borrowings as of the end of the first quarter of the fiscal year were ¥27,087 million (¥26,827 million at the end of the previous fiscal year). The equity ratio fell to 24.3% due to an increase in total assets, down 1.4 percentage points from 25.7% at the end of the previous fiscal year.」
Total borrowings increased by ¥260 million from the end of the previous fiscal year, while the equity ratio fell from 25.7% to 24.3%, a decline of 1.4 percentage points. - FY2023-Q3MitigatedAnnual report
「Total borrowings as of the end of the third quarter of the fiscal year were ¥28,537 million (¥30,728 million at the end of the previous fiscal year). The equity ratio rose to 25.6%, up 1.5 percentage points from 24.1% at the end of the previous fiscal year.」
Total borrowings decreased by ¥2,291 million from the end of the previous fiscal year, while the equity ratio rose from 24.1% to 25.6%. - FY2023-Q2MitigatedAnnual report
「Total borrowings as of the end of the second quarter of the fiscal year were ¥29,503 million (¥30,728 million at the end of the previous fiscal year). The equity ratio rose to 25.2%, up 1.1 percentage points from 24.1% at the end of the previous fiscal year.」
Total borrowings decreased from ¥30,728 million at the end of the previous fiscal year to ¥29,503 million, while the equity ratio rose from 24.1% to 25.2%. - FY2023-Q1WorsenedAnnual report
「Total borrowings as of the end of the first quarter of the fiscal year were ¥31,743 million (¥30,728 million at the end of the previous fiscal year). The equity ratio fell to 22.8% due to an increase in total assets, down 1.3 percentage points from 24.1% at the end of the previous fiscal year.」
Total borrowings increased by ¥1,015 million from the end of the previous fiscal year, while the equity ratio fell from 24.1% to 22.8%. - FY2022MitigatedAnnual report
「In addition, equity increased due to the recognition of net income attributable to owners of the parent and other factors, causing the equity ratio to rise to 24.1% and the net debt-to-equity ratio to fall to 1.15, indicating an improvement in our financial position.」
Borrowings were reduced and equity increased, causing the equity ratio to rise from 22.6% to 24.1% and the net debt-to-equity ratio to fall to 1.15. - FY2021WorsenedAnnual report
「During the fiscal year, accounts receivable and accounts payable decreased in line with the decline in net sales, while borrowings increased as we prioritized securing funds. In addition, equity attributable to owners declined due to the recognition of losses and other factors, causing the equity ratio to fall to 22.6% and the net debt-to-equity ratio to rise to 1.47, which had a material impact on our financial position.」
Borrowings increased as we prioritized securing funds amid the impact of the infectious disease, while the equity ratio was 22.6% and the net debt-to-equity ratio was 1.47. - FY2020RestatedAnnual report
「Our Group raises funds from financial institutions for its business activities. However, if financial market conditions change, our Group's creditworthiness declines, or the outlook for our Group's business deteriorates, we may be unable to raise funds promptly and on terms acceptable to us.」
Continued to disclose funding risk arising from changes in financial markets, creditworthiness and the business outlook. - FY2019RestatedAnnual report
「If financial market conditions change, our Group's creditworthiness declines, or the outlook for our Group's business deteriorates, we may be unable to raise funds promptly and on terms acceptable to us.」
Continued to disclose funding risk arising from changes in financial markets, creditworthiness and the business outlook. - FY2018First statedAnnual report
「If financial market conditions change, our Group's creditworthiness declines, or the outlook for our Group's business deteriorates, we may be unable to raise funds promptly and on terms acceptable to us.」
Disclosed the possibility that changes in financial markets, creditworthiness and the business outlook could prevent funding on the required terms and at the required time.