Funding Risk Arising from Changes in Market Conditions and Credit Standing
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2018. Latest entry: FY2024.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「We analyze funding and investment conditions daily and take every possible measure to manage liquidity. Nevertheless, if market conditions change substantially or, in the event of an adverse change in the Bank’s credit standing, there is a risk that the Bank may be unable to secure the funds it needs.」
The Bank continues to disclose funding and market-transaction risks while describing daily cash-flow analysis and liquidity management. - FY2018ReframedAnnual report
「There is also a risk of losses if market turmoil or other factors suspend market transactions or force the Bank to transact at prices significantly less favorable than usual.」
In addition to the previous risks of difficulty securing funds and higher funding costs, the filing explicitly identifies suspended market transactions and unfavorable transaction prices as liquidity risks. - FY2017First statedAnnual report
「If market conditions change substantially or, in the event of an adverse change in the Bank’s credit standing, the Bank may be unable to secure the funds it needs or may be forced to raise funds at significantly higher interest rates than usual, resulting in losses.」
The filing describes the possibility that market illiquidity or deterioration in credit standing could impair access to necessary funding or worsen funding terms.