Liquidity Risk of Being Unable to Make Payments When Due
First written in FY2017. 7 of 8 entries say "Mitigated", first in FY2021. Latest entry: FY2027-H1.
- FY2027-H1MitigatedAnnual report
「The interest coverage ratio improved by 239.8 points from the same period of the previous year to 636.6 times, due to lower interest payments.」
The debt-servicing capacity indicator improved to 636.6 times due to lower interest payments, continuing to demonstrate the Company’s response to liquidity risk. - FY2026MitigatedAnnual report
「At the end of the current consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including amounts due for repayment within 1 year.」
The Company maintained zero borrowings from financial institutions, while cash and cash equivalents amounted to ¥30,436 million and the interest coverage ratio was 478.9 times. - FY2026-H1MitigatedAnnual report
「The interest coverage ratio improved by 168.5 points year on year to 396.8x due to higher operating cash flow.」
Operating cash flow amounted to ¥8,184 million, and the interest coverage ratio was 396.8 times, indicating an improvement from the same period of the previous year in liquidity and debt-servicing capacity. - FY2025MitigatedAnnual report
「At the end of the current consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including amounts due for repayment within 1 year.」
The Company maintained zero borrowings from financial institutions at period-end, and cash and cash equivalents amounted to ¥21,887 million. - FY2024MitigatedAnnual report
「At the end of the current consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including amounts due for repayment within 1 year.」
The Company maintained zero borrowings from financial institutions at period-end. Cash and cash equivalents amounted to ¥21,019 million, and the interest coverage ratio was 435.8 times. - FY2023MitigatedAnnual report
「At the end of the consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including long-term borrowings due for repayment within one year. During the consolidated fiscal year, the Company raised a total of ¥35,900 million in short-term working capital from financial institutions and repaid a total of ¥35,900 million.」
The Company maintained zero borrowings from financial institutions at period-end and raised and repaid the same amount of short-term working capital. Cash on hand amounted to ¥19,539 million, continuing to demonstrate the Company’s response to liquidity risk. - FY2021MitigatedAnnual report
「At the end of the current consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including amounts due for repayment within 1 year.」
With no borrowings from financial institutions outstanding at the end of the period and cash and cash equivalents of ¥17,023 million, the Company’s response to liquidity risk has improved. - FY2017First statedAnnual report
「Management of liquidity risk associated with funding, namely the risk of being unable to make payments when due」
The Company states that its finance department prepares and updates cash flow plans and manages liquidity by maintaining cash on hand at an appropriate level.