Working capital shortages and funding risks caused by business closures and deteriorating performance
First written in FY2021-Q1. 2 of 3 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2021.
6 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「In response to unforeseen circumstances, we will pursue diverse and flexible funding, including increasing our commercial paper issuance limit from ¥30 billion to ¥60 billion and maintaining multiple receivables securitization programs.」
To address liquidity risk resulting from store closures and deteriorating performance, the company increased its commercial paper issuance limit from ¥30 billion to ¥60 billion and maintained multiple receivables securitization programs. - FY2021-Q2MitigatedAnnual report
「Although we have secured the funds currently required, we will maintain sufficient liquidity on hand through diverse and flexible funding, taking future risk scenarios into account.」
In response to the risk of funding shortages caused by store closures and deteriorating performance, the company stated that it had secured the funds currently required and would continue to raise funds through diverse and flexible means. - FY2021-Q1First statedAnnual report
「If requests to close stores or refrain from going out in response to another declaration of a state of emergency arise, the deterioration in business performance could result in insufficient working capital for corporate operations. There is also a risk that the group may be unable to raise funds on the terms it seeks because of financial-market disruptions, deteriorating business performance or other factors.」
The company newly disclosed the possibility of working-capital shortages resulting from renewed store closures or requests to refrain from going out, as well as difficulty raising funds due to financial-market disruptions and deteriorating business performance.