Diversification of funding methods and mitigation of refinancing and liquidity risks
First written in FY2016. 16 of 21 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
27 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt, including ¥7.7 billion in lease liabilities, amounted to ¥3.5828 trillion, comprising borrowings of 58.9%, bonds of 20.9%, CP of 9.2% and securitisation of operating receivables and other items of 10.9%.」
Interest-bearing debt amounted to ¥3.5828 trillion, and the company continues to maintain a diversified funding mix across borrowings, bonds, CP and receivables securitisation. - FY2027-H1AdvancedAnnual report
「This was mainly attributable to cash outflows of ¥114.784 billion for repayment of long-term borrowings, ¥33.360 billion for redemption of bonds and ¥26.429 billion from the net decrease in short-term borrowings, offset by cash inflows of ¥179.442 billion from long-term borrowings and ¥137.0 billion from the net increase in short-term receivables securitization borrowings.」
The Company continued to raise funds through a combination of long-term borrowings, bonds and short-term receivables securitization borrowings, raising ¥179.442 billion through long-term borrowings and ¥137.0 billion through receivables securitization borrowings during the interim consolidated accounting period. - FY2026-H1AdvancedAnnual report
「This was mainly due to outflows of ¥147.462 billion for repayments of long-term borrowings and ¥72.987 billion from a net decrease in commercial paper, offset by inflows of ¥196.419 billion from long-term borrowings and ¥84 billion from a net increase in short-term securitisation borrowings.」
The company continued to combine long-term borrowings, commercial paper and securitisation borrowings in its funding activities. The balance of bonds and borrowings also increased by ¥90.759 billion from the end of the previous fiscal year. - FY2025AdvancedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt, including ¥16.6 billion in lease liabilities, amounted to ¥3.4044 trillion, comprising borrowings of 58.4%, bonds of 20.6%, CP of 12.8% and securitisation of operating receivables and other items of 8.1%.」
The company diversified its funding mix across borrowings, bonds, CP and receivables securitisation, raising ¥3.4044 trillion in interest-bearing debt. Its bank commitment facilities also increased to ¥350 billion. - FY2025-H1AdvancedAnnual report
「This was mainly due to an outflow of ¥95.298 billion for repayments of long-term borrowings, offset by inflows of ¥175.595 billion from long-term borrowings and ¥113.815 billion from a net increase in commercial paper.」
The company continues to combine long-term borrowings and commercial paper in its funding activities, recording ¥175.595 billion in long-term borrowings and a ¥113.815 billion net increase in CP during the current interim consolidated accounting period. - FY2024AdvancedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt, including ¥17.6 billion in lease liabilities, amounted to ¥3.0487 trillion, comprising borrowings of 57.4%, bonds of 18.7%, CP of 14.6% and securitisation of operating receivables and other items of 9.3%.」
The company specifically disclosed the diversification of its interest-bearing debt funding mix across borrowings, bonds, CP and receivables securitisation. During the fiscal year, it recorded ¥334.397 billion in long-term borrowings and ¥124.464 billion in bond issuance. - FY2024-Q3AdvancedAnnual report
「This was mainly due to outflows of ¥106.347 billion for repayments of long-term borrowings and ¥75.008 billion for bond redemptions, offset by inflows of ¥262.524 billion from long-term borrowings, ¥73.147 billion from bond issuance and ¥69.259 billion from a net increase in commercial paper.」
The company continues to combine long-term borrowings, bond issuance and commercial paper in its funding activities, recording ¥262.524 billion in long-term borrowings, ¥73.147 billion in bond issuance and a ¥69.259 billion net increase in CP during the first 3 quarters of the current cumulative period. - FY2024-Q2AdvancedAnnual report
「This was mainly due to outflows of ¥70.734 billion for repayments of long-term borrowings and ¥60.008 billion for bond redemptions, offset by inflows of ¥111.076 billion from long-term borrowings, ¥43.224 billion from bond issuance and ¥30 billion from a net increase in short-term securitisation borrowings.」
The company continued to combine long-term borrowings, bond issuance and securitisation borrowings in its funding activities. Its Indian subsidiary also issued its first non-convertible debentures (NCDs). - FY2024-Q1AdvancedAnnual report
「This was mainly due to outflows of ¥86 billion from a net decrease in commercial paper and ¥30.687 billion for repayments of long-term borrowings, offset by inflows of ¥74 billion from a net increase in short-term securitisation borrowings, ¥46.352 billion from long-term borrowings and ¥29.866 billion from bond issuance.」
The company continues to combine commercial paper, securitisation borrowings, long-term borrowings and bond issuance in its funding activities, issuing ¥29.866 billion of bonds during the quarter. - FY2023-Q3AdvancedAnnual report
「This was mainly due to outflows of ¥130.849 billion for repayments of long-term borrowings and ¥55.021 billion for bond redemptions, offset by inflows of ¥170.425 billion from long-term borrowings, ¥120 billion from a net increase in commercial paper and ¥44.628 billion from bond issuance.」
The company continues to combine long-term borrowings, commercial paper and bond issuance in its funding activities, recording ¥170.425 billion in long-term borrowings, a ¥120 billion net increase in CP and ¥44.628 billion in bond issuance during the first 3 quarters of the current cumulative period. - FY2023-Q1AdvancedAnnual report
「In June, the company also issued its first social bond. The proceeds will be allocated to business funding for Kisetsu Saison Finance (India) Pvt. Ltd., which operates a lending business in India primarily for individuals and micro, small and medium-sized enterprises in underserved segments, and Saison Capital Pte. Ltd., which makes impact investments mainly in Asia, to accelerate the expansion of both companies’ businesses.」
In addition to conventional borrowings and bonds, the company issued its first social bond and allocated the proceeds to overseas financial-inclusion businesses. - FY2022-Q3AdvancedAnnual report
「This was mainly due to outflows of ¥65.205 billion for repayments of long-term borrowings and ¥65.021 billion for bond redemptions, offset by inflows of ¥80.680 billion from long-term borrowings and ¥92.536 billion from bond issuance.」
The company combined long-term borrowings and bond issuance, issuing ¥92.536 billion of bonds during the first 3 quarters of the current cumulative period. - FY2022-Q2AdvancedAnnual report
「This was mainly due to outflows of ¥36.830 billion for repayments of long-term borrowings and ¥40.021 billion for bond redemptions, offset by inflows of ¥39.737 billion from long-term borrowings and ¥59.718 billion from bond issuance.」
The company combined long-term borrowings and bond issuance, issuing ¥59.718 billion of bonds during the quarter. - FY2022-Q1AdvancedAnnual report
「Cash flow from financing activities during the first quarter of the current consolidated cumulative period was an inflow of ¥14.340 billion, compared with an outflow of ¥42.494 billion in the first quarter of the previous consolidated cumulative period. This was mainly due to outflows of ¥21 billion for repayments of long-term borrowings and ¥40 billion for bond redemptions, offset by inflows of ¥24.9 billion from long-term borrowings and ¥49.775 billion from bond issuance.」
The company continues to combine long-term borrowings, bond issuance and bond redemptions in its funding activities, and issued ¥49.775 billion of bonds during the quarter. - FY2021-Q3AdvancedAnnual report
「This was mainly due to an outflow of ¥84.710 billion for repayments of long-term borrowings, offset by inflows of ¥90.221 billion from long-term borrowings and ¥61.668 billion from long-term securitisation borrowings.」
The company continues to diversify its funding methods by raising long-term securitisation borrowings in addition to long-term borrowings. - FY2021-Q2AdvancedAnnual report
「To secure efficient working-capital funding, the group has entered into loan commitment agreements with 5 transaction banks. The undrawn amounts under these loan commitments are as follows: Total loan commitments 225,000 300,000 Borrowings drawn － － Balance 225,000 300,000」
The total working-capital loan commitments increased from ¥225 billion to ¥300 billion, securing undrawn facilities. - FY2020-Q3RestatedAnnual report
「This was mainly due to an outflow of ¥68.924 billion for repayments of long-term borrowings, offset by inflows of ¥86 billion from a net increase in commercial paper, ¥75.1 billion from long-term borrowings and ¥61.644 billion from bond issuance.」
The company continues to diversify its funding methods by combining commercial paper, long-term borrowings and bond issuance. - FY2020-Q2RestatedAnnual report
「This was mainly due to an outflow of ¥61.321 billion for repayments of long-term borrowings, offset by inflows of ¥77 billion from a net increase in commercial paper, ¥70 billion from a net increase in short-term securitisation borrowings and ¥64.6 billion from long-term borrowings.」
The company continues to diversify its funding methods by combining commercial paper, securitisation borrowings and long-term borrowings. - FY2019-Q2RestatedAnnual report
「This was mainly due to outflows of ¥36.6 billion for repayments of long-term borrowings and ¥10 billion for bond redemptions, offset by inflows of ¥64.657 billion from bond issuance, ¥63.5 billion from a net increase in commercial paper and ¥48.9 billion from long-term borrowings.」
The company continues to combine bonds, commercial paper and long-term borrowings in its funding activities. - FY2018RestatedAnnual report
「In its funding activities, the group prioritises stability and cost and is diversifying its funding methods. Its main funding methods include bilateral transactions with banks, cooperative financial institutions, life insurers and non-life insurers; indirect financing such as syndicated loans and commitment lines; and direct financing such as the issuance of straight bonds and commercial paper (CP).」
The company continues to combine bank borrowings, syndicated loans, commitment lines, bonds, CP and receivables securitisation in its funding policy. - FY2016First statedAnnual report
「In its funding activities, the group prioritises stability and cost and is diversifying its funding methods. Its main funding methods include bilateral transactions with banks, cooperative financial institutions, life insurers and non-life insurers; indirect financing such as syndicated loans and commitment lines; and direct financing such as the issuance of straight bonds and commercial paper (CP).」
The company is diversifying its funding sources and mitigating liquidity risk by combining borrowings, bonds, CP, receivables securitisation and commitment lines. Interest-bearing debt was ¥1.729 trillion.