Diversified Funding Methods and Stable Financing
First written in FY2016. 13 of 40 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-10-23.
18 other companies' latest entry also says "Advanced".
- FY2026Increase in indirect funding, decrease in direct funding and expansion of liquidity facilitiesAnnual report
「At the end of the fiscal year, indirect funding increased by ¥305,872 million from the end of the previous fiscal year (March 2025) to ¥2,337,035 million. Direct funding decreased by ¥109,884 million to ¥1,137,022 million, mainly due to the issuance of commercial paper and bonds. At the end of the fiscal year, the company had entered into overdraft and commitment line agreements with 49 financial institutions for a total of ¥1,346,160 million.」
Indirect funding increased and direct funding decreased as a proportion of the funding mix. Total liquidity facilities expanded to ¥1,346,160 million, and undrawn borrowing capacity stood at ¥645,129 million. - FY2026-H1Increase in interest-bearing debt and changes in funding mixAnnual report
「Interest-bearing debt increased 1.8% from the end of the previous fiscal year to ¥3,337,332 million. This comprised short-term borrowings, down 1.6% from the end of the previous fiscal year to ¥700,439 million; long-term borrowings, up 4.6% to ¥1,380,108 million; commercial paper, up 1.6% to ¥672,900 million; payment obligations associated with the securitisation of receivables, down 9.1% to ¥89,033 million; and bonds, up 1.7% to ¥494,850 million.」
Total interest-bearing debt increased. Long-term borrowings, commercial paper and bonds rose, while short-term borrowings and securitisation-related obligations declined. The funding mix continues to change as the company combines diverse funding methods. - FY2025AdvancedAnnual report
「At the end of the fiscal year, indirect funding had increased by ¥345,764 million from the end of the previous fiscal year (the fiscal year ended March 2024) to ¥2,031,163 million. Direct funding increased by ¥89,878 million to ¥1,246,907 million, owing mainly to the issuance of commercial paper and bonds.」
Both indirect and direct funding increased, and the total of overdraft facilities and commitment lines with 50 financial institutions expanded to ¥1,186,083 million. - FY2025-H1AdvancedAnnual report
「Interest-bearing debt totaled ¥3,049,109 million, up 7.3% from the end of the previous fiscal year. This comprised short-term borrowings of ¥589,800 million, up 12.5%; long-term borrowings of ¥1,247,855 million, up 7.5%; commercial paper of ¥662,700 million, up 1.1%; payment obligations associated with the securitization of receivables of ¥91,545 million, down 6.7%; and bonds of ¥457,208 million, up 13.3%.」
Within the funding structure combining borrowings, commercial paper, bonds, and other sources, total interest-bearing debt and multiple funding sources increased. Direct funding through a third-party allotment of shares is also included in cash provided by financing activities. - FY2024AdvancedAnnual report
「At the end of the fiscal year, indirect funding had increased by ¥270,295 million from the end of the previous fiscal year (the fiscal year ended March 2023) to ¥1,685,399 million. Direct funding increased by ¥34,577 million to ¥1,157,028 million, owing mainly to the issuance of commercial paper and bonds.」
The scale of the funding structure combining borrowings and market funding expanded, with both indirect and direct funding increasing. - FY2024-Q3Increase in interest-bearing debt and change in funding mixAnnual report
「Interest-bearing debt totaled ¥2,685,587 million, up 5.8% from the end of the previous fiscal year. This comprised short-term borrowings of ¥481,989 million, up 15.2%; long-term borrowings of ¥1,064,882 million, up 6.8%; commercial paper of ¥684,900 million, down 1.2%; payment obligations associated with the securitization of receivables of ¥83,718 million, down 33.5%; and bonds of ¥370,097 million, up 21.8%.」
Total interest-bearing debt increased, with short- and long-term borrowings and bonds rising while commercial paper and payment obligations associated with the securitization of receivables declined. Changes in the structure combining multiple funding sources continue. - FY2024-Q2Increase in interest-bearing debt and change in funding mixAnnual report
「Interest-bearing debt totaled ¥2,703,847 million, up 6.6% from the end of the previous fiscal year. This comprised short-term borrowings of ¥510,020 million, up 21.9%; long-term borrowings of ¥1,051,648 million, up 5.5%; commercial paper of ¥694,900 million, up 0.3%; payment obligations associated with the securitization of receivables of ¥100,615 million, down 20.0%; and bonds of ¥346,664 million, up 14.1%.」
Interest-bearing debt increased, with short- and long-term borrowings, commercial paper, and bonds rising while payment obligations associated with the securitization of receivables declined. - FY2024-Q1Increase in interest-bearing debt and change in funding mixAnnual report
「Interest-bearing debt totaled ¥2,561,827 million, up 1.0% from the end of the previous fiscal year. This comprised short-term borrowings of ¥432,045 million, up 3.3%; long-term borrowings of ¥974,866 million, down 2.2%; commercial paper of ¥710,400 million, up 2.5%; payment obligations associated with the securitization of receivables of ¥114,419 million, down 9.1%; and bonds of ¥330,095 million, up 8.7%.」
Total interest-bearing debt increased 1.0%, with short-term borrowings, commercial paper, and bonds rising while long-term borrowings and securitization obligations declined. - FY2023AdvancedAnnual report
「At the end of the fiscal year, indirect funding had increased by ¥112,420 million from the end of the previous fiscal year (the fiscal year ended March 2022) to ¥1,415,103 million. Direct funding increased by ¥49,890 million to ¥1,122,451 million, owing mainly to the issuance of commercial paper and bonds.」
Both indirect and direct funding increased, expanding the scale of funding while maintaining diversified funding sources. - FY2023-Q3Increase in interest-bearing debt and expansion of short-term borrowings, among other sourcesAnnual report
「Interest-bearing debt totaled ¥2,473,211 million, up 4.1% from the end of the previous fiscal year. This comprised short-term borrowings of ¥439,125 million, up 15.5%; long-term borrowings of ¥945,886 million, up 2.5%; commercial paper of ¥698,900 million, down 1.2%; payment obligations associated with the securitization of receivables of ¥125,596 million, up 9.7%; and bonds of ¥263,702 million, up 5.1%.」
Total interest-bearing debt increased 4.1%. Short- and long-term borrowings, securitization obligations, and bonds increased, while commercial paper declined, resulting in a change in the funding mix. - FY2023-Q2Slight increase in interest-bearing debt, increase in borrowings, and decline in bondsAnnual report
「Interest-bearing debt totaled ¥2,388,042 million, up 0.5% from the end of the previous fiscal year. This comprised short-term borrowings of ¥388,731 million, up 2.2%; long-term borrowings of ¥929,325 million, up 0.8%; commercial paper of ¥707,100 million, unchanged; payment obligations associated with the securitization of receivables of ¥120,790 million, up 5.5%; and bonds of ¥242,095 million, down 3.5%.」
Total interest-bearing debt increased 0.5%, with short- and long-term borrowings and securitization obligations increasing, commercial paper remaining flat, and bonds declining. - FY2023-Q1Decline in interest-bearing debt and increase in bondsAnnual report
「Interest-bearing debt totaled ¥2,352,600 million, down 1.0% from the end of the previous fiscal year. This comprised short-term borrowings of ¥378,616 million, down 0.4%; long-term borrowings of ¥909,886 million, down 1.4%; commercial paper of ¥695,900 million, down 1.6%; payment obligations associated with the securitization of receivables of ¥106,500 million, down 7.0%; and bonds of ¥261,697 million, up 4.3%.」
Total interest-bearing debt declined, with short-term and long-term borrowings, commercial paper, and securitization obligations declining while bonds increased. - FY2022-Q3Increase in interest-bearing debt and expansion of bondsAnnual report
「Interest-bearing debt totaled ¥2,338,608 million, up 3.7% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥342,991 million, up 7.9%; long-term borrowings of ¥888,341 million, up 1.1%; commercial paper of ¥735,100 million, up 2.9%; payment obligations associated with the securitization of receivables of ¥121,540 million, down 9.8%; and bonds of ¥250,635 million, up 19.1%.」
Interest-bearing debt increased 3.7% from the end of the previous fiscal year in line with the growth in operating assets. Short-term and long-term borrowings, commercial paper, and bonds increased, while payment obligations associated with the securitization of receivables declined. - FY2022-Q2Increase in interest-bearing debt and expansion across funding sourcesAnnual report
「Interest-bearing debt totaled ¥2,283,922 million, up 1.3% from the end of the previous fiscal year. This comprised short-term borrowings of ¥333,659 million, up 5.0%; long-term borrowings of ¥883,523 million, up 0.6%; commercial paper of ¥716,100 million, up 0.3%; payment obligations associated with the securitization of receivables of ¥135,154 million, up 0.3%; and bonds of ¥215,485 million, up 2.4%.」
Total interest-bearing debt increased 1.3%, and the balances of short-term and long-term borrowings, commercial paper, payment obligations associated with the securitization of receivables, and bonds all increased from the end of the previous fiscal year. - FY2022-Q1Slight increase in interest-bearing debt and change in funding mixAnnual report
「Interest-bearing debt totaled ¥2,267,377 million, up 0.5% from the end of the previous fiscal year. This comprised short-term borrowings of ¥347,389 million, up 9.3%; long-term borrowings of ¥846,435 million, down 3.6%; commercial paper of ¥735,100 million, up 2.9%; payment obligations associated with the securitization of receivables of ¥128,032 million, down 5.0%; and bonds of ¥210,419 million, down 0.0%.」
Total interest-bearing debt increased slightly, with short-term borrowings and commercial paper rising while long-term borrowings and payment obligations associated with the securitization of receivables declined. - FY2021AdvancedAnnual report
「On the funding side, in response to the increase in operating assets, the company increased its commercial paper issuance capacity to expand flexible funding sources and issued ¥75 billion in bonds during fiscal 2020, among other measures. As a result, interest-bearing debt increased by ¥254,751 million from the end of the previous fiscal year to ¥2,255,387 million.」
The expansion of funding sources in response to the growth in operating assets was made concrete through the increase in commercial paper issuance capacity and the issuance of ¥75 billion in bonds. - FY2021-Q3Continued increase in interest-bearing debt and short-term and market fundingAnnual report
「Interest-bearing debt totaled ¥2,252,954 million, up 12.6% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥394,094 million, up 53.5%; long-term borrowings of ¥794,724 million, down 1.7%; commercial paper of ¥750,800 million, up 12.2%; payment obligations associated with the securitization of receivables of ¥135,263 million, up 3.1%; and bonds of ¥178,072 million, up 31.6%.」
Interest-bearing debt increased in line with the growth in operating assets, with short-term borrowings, commercial paper, and bonds increasing while long-term borrowings declined. - FY2021-Q2Increase in short-term borrowings and market funding and decline in long-term borrowingsAnnual report
「Interest-bearing debt totaled ¥2,212,809 million, up 10.6% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥398,629 million, up 55.3%; long-term borrowings of ¥795,520 million, down 1.6%; commercial paper of ¥737,100 million, up 10.2%; payment obligations associated with the securitization of receivables of ¥131,374 million, up 0.1%; and bonds of ¥150,184 million, up 11.0%.」
Total interest-bearing debt increased, with short-term borrowings, commercial paper, and bonds rising while long-term borrowings declined. - FY2021-Q1Increase in short-term borrowings and market funding and decline in securitization obligationsAnnual report
「Interest-bearing debt totaled ¥2,119,565 million, up 5.9% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥402,901 million, up 56.9%; long-term borrowings of ¥783,383 million, down 3.1%; commercial paper of ¥695,400 million, up 3.9%; payment obligations associated with the securitization of receivables of ¥102,601 million, down 21.8%; and bonds of ¥135,279 million, down 0.0%.」
Total interest-bearing debt increased, with short-term borrowings and commercial paper rising while long-term borrowings and payment obligations associated with the securitization of receivables declined. Changes in the mix of diversified funding sources continue. - FY2020AdvancedAnnual report
「At the end of the fiscal year (the fiscal year ending March 2020), indirect funding had increased by ¥61,416 million from the end of the previous fiscal year (the fiscal year ended March 2019) to ¥1,064,981 million. Direct funding increased by ¥104,462 million to ¥935,654 million, owing mainly to the issuance of commercial paper and bonds.」
Both indirect funding and direct funding through commercial paper, bonds, and other sources increased, expanding the scale and diversity of funding. - FY2020-Q3Increase in total interest-bearing debt and across funding sourcesAnnual report
「Interest-bearing debt totaled ¥1,955,902 million, up 6.6% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥315,640 million, up 4.4%; long-term borrowings of ¥733,040 million, up 4.5%; commercial paper of ¥649,100 million, up 6.4%; payment obligations associated with the securitization of receivables of ¥121,992 million, up 5.5%; and bonds of ¥136,127 million, up 28.7%.」
Interest-bearing debt increased in line with the growth in operating assets, and the balances of short-term and long-term borrowings, commercial paper, receivables securitization, and bonds all increased from the end of the previous fiscal year. - FY2020-Q2Decline in short-term borrowings and increase in securitization and bondsAnnual report
「Interest-bearing debt totaled ¥1,839,126 million, up 0.2% from the end of the previous fiscal year, in line with the increase in operating assets. This comprised short-term borrowings of ¥273,520 million, down 9.5%; long-term borrowings of ¥707,748 million, up 0.9%; commercial paper of ¥613,500 million, up 0.6%; payment obligations associated with the securitization of receivables of ¥128,597 million, up 11.2%; and bonds of ¥115,759 million, up 9.4%.」
Total interest-bearing debt increased slightly, with payment obligations associated with the securitization of receivables and bonds increasing while short-term borrowings declined. Changes in the mix of diversified funding sources continue. - FY2020-Q1Increase in short-term and market funding and decline in long-term fundingAnnual report
「Interest-bearing debt totaled ¥1,836,855 million, up 0.1% from the end of the previous fiscal year. This comprised short-term borrowings of ¥327,452 million, up 8.4%; long-term borrowings of ¥672,172 million, down 4.2%; commercial paper of ¥623,600 million, up 2.3%; payment obligations associated with the securitization of receivables of ¥117,852 million, up 1.9%; and bonds of ¥95,778 million, down 9.5%.」
Total interest-bearing debt was broadly unchanged, with short-term borrowings, commercial paper, and payment obligations associated with the securitization of receivables increasing while long-term borrowings and bonds declined. Changes in the funding mix continue. - FY2019AdvancedAnnual report
「At the end of the fiscal year, indirect funding had increased by ¥83,943 million from the end of the previous fiscal year to ¥1,003,565 million. Direct funding increased by ¥214,573 million to ¥831,192 million, owing mainly to the issuance of commercial paper and bonds.」
Both indirect and direct funding increased, with direct funding through commercial paper and bonds, among other sources, rising by ¥214,573 million. - FY2019-Q3Increase in interest-bearing debt and expansion of market fundingAnnual report
「Interest-bearing debt totaled ¥1,801,604 million, up 17.3% from the end of the previous fiscal year (the fiscal year ended March 2018), in line with the increase in operating assets. This comprised short-term borrowings of ¥288,138 million, up 6.4%; long-term borrowings of ¥692,575 million, up 6.7%; commercial paper of ¥604,700 million, up 33.3%; payment obligations associated with the securitization of receivables of ¥111,191 million, up 6.1%; and bonds of ¥105,000 million, up 81.0%.」
Interest-bearing debt increased in line with the growth in operating assets, and balances across multiple funding sources, including commercial paper and bonds, expanded. - FY2019-Q2AdvancedAnnual report
「Net cash provided by financing activities totaled ¥208,023 million, comprising ¥29,227 million from indirect funding and ¥180,561 million from direct funding through the issuance of commercial paper and bonds, among other means.」
In addition to indirect funding, direct funding through the issuance of commercial paper and bonds was undertaken, generating ¥180,561 million in proceeds. - FY2019-Q1Increase in short-term and direct fundingAnnual report
「Interest-bearing debt totaled ¥1,681,599 million, up 9.5% from the end of the previous fiscal year. This comprised short-term borrowings of ¥319,969 million, up 18.2%; long-term borrowings of ¥636,522 million, down 1.9%; commercial paper of ¥563,400 million, up 24.2%; payment obligations associated with the securitization of receivables of ¥113,707 million, up 8.5%; and bonds of ¥48,000 million, down 17.2%.」
Total interest-bearing debt increased, with short-term borrowings, commercial paper, and payment obligations associated with the securitization of receivables rising while long-term borrowings and bonds declined. The funding mix is changing. - FY2018Increase in direct funding and expansion of liquidity facilitiesAnnual report
「At the end of the fiscal year, indirect funding had declined by ¥3,916 million from the end of the previous fiscal year to ¥919,621 million. Direct funding increased by ¥47,718 million to ¥616,618 million, owing mainly to the issuance of commercial paper and the securitization of lease receivables.」
Indirect funding declined, while direct funding through commercial paper and the securitization of lease receivables increased. The aggregate amount of overdraft facilities and commitment lines with multiple financial institutions also reached ¥928,137 million. - FY2018-Q3Shift from short-term funding to long-term and market fundingAnnual report
「Interest-bearing debt totaled ¥1,487,906 million, down 0.3% from the end of the previous fiscal year (the fiscal year ended March 2017). This comprised short-term borrowings of ¥268,148 million, down 14.3%; long-term borrowings of ¥622,504 million, up 1.9%; commercial paper of ¥453,800 million, up 4.6%; payment obligations associated with the securitization of receivables of ¥85,452 million, up 10.8%; and bonds of ¥58,000 million, unchanged.」
Total interest-bearing debt declined 0.3%, while short-term borrowings fell significantly and long-term borrowings, commercial paper, and payment obligations associated with the securitization of receivables increased. The funding mix is changing while diversification of funding sources continues. - FY2018-Q2Change in funding mixAnnual report
「Interest-bearing debt totaled ¥1,476,854 million, down 1.0% from the end of the previous fiscal year (the fiscal year ended March 2017). This comprised short-term borrowings of ¥308,954 million, down 1.2%; long-term borrowings of ¥623,903 million, up 2.1%; commercial paper of ¥393,700 million, down 9.2%; payment obligations associated with the securitization of receivables of ¥92,295 million, up 19.7%; and bonds of ¥58,000 million, unchanged.」
Total interest-bearing debt declined, with long-term borrowings and payment obligations associated with the securitization of receivables increasing while short-term borrowings and commercial paper declined. The combination of multiple funding sources continues. - FY2018-Q1RestatedAnnual report
「Interest-bearing debt totaled ¥1,455,578 million, down 2.5% from the end of the previous fiscal year (the fiscal year ended March 2017). This comprised short-term borrowings of ¥308,788 million, down 1.3%; long-term borrowings of ¥612,996 million, up 0.4%; commercial paper of ¥401,700 million, down 7.4%; payment obligations associated with the securitization of receivables of ¥74,093 million, down 3.9%; and bonds of ¥58,000 million, unchanged.」
The funding structure comprising short-term and long-term borrowings, commercial paper, receivables securitization, and bonds continues to be disclosed. - FY2017AdvancedAnnual report
「Interest-bearing debt increased as contracts executed grew, but funding costs declined by ¥664 million year on year to ¥5,697 million, partly because the company promoted lower-cost funding.」
Progress in funding is reflected in the promotion of lower-cost funding, which reduced funding costs by ¥664 million year on year. - FY2017-Q3RestatedAnnual report
「Interest-bearing debt totaled ¥1,536,805 million, up 4.9% from the end of the previous fiscal year (the fiscal year ended March 2016). This comprised short-term borrowings of ¥375,228 million, up 3.0%; long-term borrowings of ¥575,977 million, up 8.7%; commercial paper of ¥470,600 million, up 3.1%; bonds of ¥58,000 million, down 3.3%; and payment obligations associated with the securitization of receivables of ¥57,000 million, up 3.8%.」
Balances were disclosed for multiple funding sources, including short-term and long-term borrowings, commercial paper, bonds, and payment obligations associated with the securitization of receivables. The existing diversified funding structure continues, rather than new funding sources being added. - FY2017-Q2AdvancedAnnual report
「Net cash provided by financing activities totaled ¥41,312 million, comprising ¥39,604 million from indirect funding and ¥2,900 million from direct funding through the issuance of commercial paper and bonds, among other means.」
In addition to indirect funding, direct funding through commercial paper and bonds was undertaken, and the proceeds by funding method were disclosed. - FY2016First statedAnnual report
「To diversify its funding methods from the standpoint of financial stability, the company raises funds indirectly from financial institutions and directly through the issuance of commercial paper and corporate bonds and the securitisation of lease receivables.」
The stated funding policy combines indirect funding, commercial paper, corporate bonds and the securitisation of lease receivables.