Liquidity Risk from Changes in Financial Markets and Rating Downgrades
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In funding operations, the company monitors changes in market conditions while securing funds stably and efficiently through various methods, including cash on hand, borrowings, corporate bonds and commercial paper. It also continues to raise funds through the securitization of receivables using operating assets held by the company. To prepare for unexpected funding needs, the company manages liquidity risk through commitment line agreements and overdraft facilities with relationship financial institutions, in addition to cash on hand.」
The company continues to manage liquidity risk using borrowings, corporate bonds, commercial paper, receivables securitization and commitment lines, among other measures. - FY2021RestatedAnnual report
「In addition to borrowings from financial institutions, the company raises funds through corporate bonds, commercial paper and receivables securitization. Through asset-liability management (ALM), the company seeks to stabilize and improve the efficiency of its funding.」
The company continues to manage liquidity risk through borrowings, corporate bonds, commercial paper, receivables securitization and ALM. - FY2020RestatedAnnual report
「In addition to borrowings from financial institutions, the company raises funds through corporate bonds, commercial paper and receivables securitization. Through asset-liability management (ALM), the company seeks to stabilize and improve the efficiency of its funding.」
The company continues to manage liquidity risk through a combination of borrowings, corporate bonds, commercial paper, receivables securitization and ALM. - FY2019MitigatedAnnual report
「To meet funding needs, the company secures funds stably and efficiently by using various funding methods, including cash on hand, borrowings, corporate bonds and commercial paper. It also continues to raise funds through the securitization of receivables using operating assets held by the company. In addition, to prepare for unexpected funding needs, it manages liquidity risk through measures including entering into commitment line agreements, in addition to maintaining cash on hand.」
While continuing to recognize liquidity risk, the company specifically describes its responses through diversified funding methods, receivables securitization and commitment lines. - FY2017First statedAnnual report
「Significant changes in financial conditions or a substantial revision of the company’s credit rating may make it impossible to secure funds smoothly or may increase funding costs, potentially affecting business performance and financial condition.」
The company discloses the risk that changes in financial conditions or its credit rating may make funding more difficult. Interest-bearing debt stood at ¥1.2482 trillion.