Impact of Declining Creditworthiness and Credit Ratings on Funding
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2024.
29 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Japan Credit Rating Agency has assigned a rating of A (stable), while Rating and Investment Information has assigned a rating of A− (stable). In addition, the Group maintains good relationships with its major financial institutions and therefore recognizes that it will continue to have stable access to external funding for business expansion, investment, and working capital.」
The ratings of A (stable) and A− (stable), together with the ability to secure stable external funding, are being reaffirmed. - FY2022RestatedAnnual report
「The Group manages liquidity risk by monitoring cash flows continuously and managing funds in a timely manner, as well as by diversifying funding methods and adjusting the balance between short-term and long-term funding in consideration of market conditions.」
Liquidity management is being reaffirmed through cash flow monitoring, diversification of funding sources, and adjustments to the balance between short- and long-term funding. - FY2017RestatedAnnual report
「Although the company has diversified its funding sources, if the Group's creditworthiness deteriorates or its credit rating declines due to sharp fluctuations in financial markets and economic trends or other factors, its ability to raise funds may be affected.」
The company continues to disclose both the diversification of funding through deposits, borrowings, corporate bonds, commercial paper and the securitization of receivables, and the risk of deteriorating creditworthiness. - FY2016First statedAnnual report
「If the Group's creditworthiness deteriorates or its credit rating declines due to sharp fluctuations in financial markets and economic trends or other factors, its ability to raise funds may be affected.」
While the company has diverse funding methods, including deposits, borrowings, corporate bonds, commercial paper and the securitization of receivables, it identifies deteriorating creditworthiness and credit ratings as risks.