Higher funding costs and more difficult access to financing due to rising interest rates and weaker credit
First written in FY2017. 7 of 29 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 15 of 61 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「At the end of the current interim consolidated accounting period, the Group's cash and cash equivalents stood at ¥17,106 million, providing sufficient liquidity to cover normal working capital requirements. The Group also believes that it can maintain a certain level of liquidity by utilizing overdraft agreements and commitment line agreements concluded with financial institutions should an event occur that partially impedes funding liquidity.」
Cash and cash equivalents increased to ¥17,106 million from the end of the previous fiscal year, while borrowing capacity of ¥11,500 million was maintained with zero borrowings outstanding. - FY2026Maintaining liquidity despite lower cash balances and borrowingsAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year were ¥15,654 million, down ¥1,086 million, or 6.5%, year on year. The Group has sufficient funds to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash at period-end declined to ¥15,654 million, and ¥5,000 million in long-term borrowings was drawn during the year. Meanwhile, total overdraft and commitment lines of ¥11,500 million were maintained with zero borrowings outstanding, and the Group explains that it can secure liquidity. - FY2026-H1Liquidity maintained despite lower cashAnnual report
「Cash and cash equivalents at the end of the interim consolidated accounting period were ¥11,544 million, down ¥5,196 million, or 31.0%, from the end of the previous consolidated fiscal year. The balance of cash and cash equivalents was ¥11,544 million, providing sufficient liquidity to cover normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and cash equivalents declined 31.0% from the end of the previous fiscal year, but the Group maintained sufficient liquidity to cover normal working capital requirements, along with borrowing facilities totaling ¥11,500 million and zero borrowings outstanding. - FY2025Liquidity maintained despite long-term borrowing and lower cashAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year were ¥16,741 million, down ¥4,602 million, or 21.6%, year on year. The Group has sufficient funds to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash at period-end declined by ¥4,602 million to ¥16,741 million, while total overdraft and commitment lines of ¥11,500 million were maintained with zero borrowings outstanding. During the year, ¥10,000 million in long-term borrowings was drawn to fund investment. - FY2025-H1Liquidity maintained despite lower cashAnnual report
「Cash and cash equivalents at the end of the interim consolidated accounting period were ¥15,006 million, providing sufficient liquidity to cover the Group's normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and cash equivalents declined from ¥21,343 million at the end of the previous consolidated fiscal year to ¥15,006 million, but the Group maintained sufficient liquidity to cover normal working capital requirements, along with borrowing facilities totaling ¥11,500 million and zero borrowings outstanding. - FY2024Liquidity maintained despite higher cash and lower borrowing facilitiesAnnual report
「Cash and cash equivalents at the end of the consolidated fiscal year were ¥21,343 million, an increase of ¥3,226 million, or 17.8%, year on year. The Group has sufficient funds to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash at period-end increased to ¥21,343 million, while total overdraft and commitment lines declined to ¥11,500 million, with zero borrowings outstanding. - FY2024-Q3Liquidity maintained despite lower cash and borrowing facilitiesAnnual report
「The Group had cash and deposits of ¥17,258 million at the end of the third quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and deposits declined from ¥18,762 million at the end of the previous quarter to ¥17,258 million, and total overdraft and commitment lines declined from ¥15,200 million to ¥12,500 million, but the Group maintained sufficient liquidity to cover normal working capital requirements with zero borrowings outstanding. - FY2024-Q2Liquidity maintained despite higher cash balancesAnnual report
「The Group had cash and cash equivalents of ¥18,762 million at the end of the second quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and cash equivalents increased to ¥18,762 million from ¥18,116 million at the end of the previous consolidated fiscal year. Together with borrowing facilities of ¥15,200 million, the Group maintained sufficient liquidity to cover normal working capital requirements. - FY2024-Q1Maintaining liquidity despite lower cash balancesAnnual report
「The Group had cash and deposits of ¥17,201 million at the end of the first quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and deposits declined from ¥18,116 million at the end of the previous consolidated fiscal year to ¥17,201 million, but remained sufficient to cover normal working capital requirements. The ¥15,200 million overdraft and commitment line facilities were also maintained with zero borrowings outstanding. - FY2023Maintaining liquidity despite lower cash balancesAnnual report
「Cash provided by operating activities increased by ¥3,095 million during the consolidated fiscal year, providing sufficient capacity for investment. The Group has sufficient funds to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash flow from operating activities was ¥3,095 million and cash at period-end declined to ¥18,116 million, but the Group maintained borrowing facilities of ¥15,200 million and explains that it can secure liquidity. - FY2023-Q3Maintaining liquidity despite lower cash balancesAnnual report
「The Group had cash and deposits of ¥18,157 million at the end of the third quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and deposits declined from ¥22,305 million at the end of the previous consolidated fiscal year and ¥19,219 million at the end of the previous quarter, but remained sufficient to cover normal working capital requirements. The ¥15,200 million borrowing facilities were also maintained with zero borrowings outstanding. - FY2023-Q2RestatedAnnual report
「The Group had cash and cash equivalents of ¥19,219 million at the end of the second quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and cash equivalents declined to ¥19,219 million from the end of the previous consolidated fiscal year, but remained sufficient to cover normal working capital requirements. The ¥15,200 million borrowing facilities were also maintained with zero borrowings outstanding. - FY2023-Q1Maintaining liquidity despite lower cash balancesAnnual report
「The Group had cash and deposits of ¥20,368 million at the end of the first quarter of the current consolidated fiscal year, providing sufficient liquidity to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Cash and deposits declined from ¥22,305 million at the end of the previous consolidated fiscal year to ¥20,368 million, but remained sufficient to cover normal working capital requirements. The ¥15,200 million overdraft and commitment line facilities were also maintained with zero borrowings outstanding. - FY2022MitigatedAnnual report
「Cash provided by operating activities increased by ¥11,460 million during the consolidated fiscal year, providing sufficient capacity for investment. The Group has sufficient funds to cover its normal working capital requirements. Even if an event were to arise that partially impairs funding liquidity, the Group believes it can maintain a certain level of liquidity by using the overdraft and commitment line agreements entered into with financial institutions.」
Continues to address liquidity by citing cash flow from operating activities of ¥11,460 million, cash at period-end of ¥22,305 million, and borrowing facilities of ¥15,200 million. - FY2022-Q3RestatedAnnual report
「Cash and deposits at the end of the third quarter of the current consolidated fiscal year totaled ¥15,739 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
Continues to explain that liquidity can be maintained, citing cash and deposits of ¥15,739 million, total overdraft and commitment lines of ¥15,200 million, and zero borrowings outstanding. - FY2022-Q2Maintaining liquidity despite lower cash balancesAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year totaled ¥15,578 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
Although cash and cash equivalents declined from the previous consolidated fiscal year-end to ¥15,578 million, they remain sufficient to meet normal working capital requirements, and borrowing facilities of ¥15,200 million remain available. - FY2022-Q1Maintaining liquidity despite lower cash balancesAnnual report
「Cash and deposits at the end of the first quarter of the current consolidated fiscal year totaled ¥14,939 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
Although cash and deposits declined from ¥17,078 million at the previous consolidated fiscal year-end to ¥14,939 million, they remain sufficient to meet normal working capital requirements, and overdraft facilities and commitment lines totaling ¥15,200 million remain available. - FY2021MitigatedAnnual report
「Operating activities generated ¥11,368 million in cash during the current consolidated fiscal year, providing ample capacity for investment. The Group also has sufficient funds to meet normal working capital requirements. We further believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
The company continues to disclose means of maintaining liquidity, including ¥11,368 million in cash flow from operating activities, ¥17,078 million in cash at period-end, and ¥15,200 million in overdraft facilities and commitment lines. - FY2021-Q3Maintaining liquidity despite lower cash balancesAnnual report
「Cash and deposits at the end of the third quarter of the current consolidated fiscal year totaled ¥16,540 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
Cash and deposits totaled ¥16,540 million, down from the previous quarter-end, but the company continues to disclose sufficient liquidity for normal working capital requirements and funding sources through overdraft facilities and commitment lines. - FY2021-Q2MitigatedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year totaled ¥20,057 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
The company secured ¥20,057 million in cash and cash equivalents and disclosed total overdraft facilities and commitment lines of ¥15,200 million, with no borrowings outstanding. Specific means of maintaining liquidity continue to be disclosed. - FY2021-Q1MitigatedAnnual report
「Cash and deposits at the end of the first quarter of the current consolidated fiscal year totaled ¥16,472 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities and commitment lines with financial institutions if an event partially impairs funding liquidity.」
The company secured ¥16,472 million in cash and deposits and disclosed total overdraft facilities and commitment lines of ¥17,200 million, with ¥7,500 million drawn, providing specific means of maintaining liquidity even if losses arise. - FY2020-Q3Maintaining liquidity despite lower cash balances and borrowingsAnnual report
「Although cash and deposits at the end of the third quarter of the current consolidated fiscal year declined to ¥4,375 million from the previous consolidated fiscal year-end, they provide sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
The company explains that cash and deposits declined to ¥4,375 million and that ¥2,000 million has been drawn under overdraft facilities, while liquidity remains sufficient to meet normal working capital requirements. - FY2020-Q2RestatedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year totaled ¥6,784 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
The company indicates that cash and cash equivalents of ¥6,784 million and overdraft facilities with 9 transaction banks provide continued liquidity for normal working capital requirements. - FY2020-Q1RestatedAnnual report
「Cash and deposits at the end of the first quarter of the current consolidated fiscal year totaled ¥5,500 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
The company indicates that cash and deposits of ¥5,500 million and overdraft facilities provide sufficient liquidity to meet normal working capital requirements, although the cash balance declined from the previous consolidated fiscal year-end. - FY2019MitigatedAnnual report
「Operating activities generated ¥12,466 million in cash during the current consolidated fiscal year, providing ample capacity for investment. The Group also has sufficient funds to meet normal working capital requirements. We further believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
The company continues to address funding and liquidity risks by showing ¥12,466 million in cash flow from operating activities, on-hand liquidity and overdraft facilities. - FY2019-Q3Maintaining liquidity despite lower cash balancesAnnual report
「Although cash and deposits at the end of the third quarter of the current consolidated fiscal year declined to ¥4,609 million from the previous consolidated fiscal year-end, they provide sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
Although cash and deposits declined from the previous consolidated fiscal year-end, the company continues to explain that they are sufficient to meet normal working capital requirements and that a certain level of liquidity can be maintained through overdraft facilities. - FY2019-Q2RestatedAnnual report
「Cash and deposits at the end of the second quarter of the current consolidated fiscal year totaled ¥9,919 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
Cash and deposits of ¥9,919 million provide sufficient liquidity for normal working capital requirements, and overdraft facilities continue to be disclosed as a means of addressing any funding constraints. - FY2019-Q1MitigatedAnnual report
「Cash and deposits at the end of the first quarter of the current consolidated fiscal year totaled ¥7,417 million, providing sufficient liquidity to meet normal working capital requirements. We also believe that a certain level of liquidity can be maintained by using overdraft facilities with financial institutions if an event partially impairs funding liquidity.」
Cash and deposits of ¥7,417 million provide sufficient liquidity for normal working capital requirements, and overdraft facilities with financial institutions are described as a means of maintaining liquidity if funding becomes constrained. - FY2017First statedAnnual report
「Because funding interest rates fluctuate due to changes in market conditions and other factors, future interest rate movements may increase our Group's funding costs and affect its results.」
The company identifies higher funding costs due to interest rate fluctuations and more difficult access to financing from financial institutions due to weaker results, financial condition or credit as risks.