Liquidity Risk from Deteriorating Funding Conditions and Credit Downgrades
First written in FY2016. 17 of 32 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「As of the end of the interim period, short-term borrowings were ¥609,876 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,990,319 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, demonstrating its response to liquidity risk. It continued to monitor the impact of geopolitical risks and central banks' monetary policies. - FY2025AdvancedAnnual report
「The ORIX Group's total committed credit lines were ¥758,667 million and ¥795,634 million at the ends of the previous and current consolidated fiscal years, respectively. Of these amounts, available amounts (undrawn amounts) were ¥559,322 million and ¥598,079 million, respectively, at the ends of the previous and current consolidated fiscal years.」
As a response to liquidity risk, committed credit lines increased from ¥758,667 million to ¥795,634 million, and undrawn amounts increased from ¥559,322 million to ¥598,079 million. - FY2025-H1MitigatedAnnual report
「As of the end of the interim period, short-term borrowings were ¥744,478 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,692,364 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2024RestatedAnnual report
「Uncertainty continues due to heightened geopolitical risks and rising global inflation, among other factors. Depending on future developments, an increase in liquidity risk, including higher funding costs, is expected.」
The company continued to disclose funding costs and liquidity risks arising from geopolitical risks, inflation and rising interest rates, as well as its measures, including ¥559,322 million in undrawn committed credit lines. - FY2024-Q3RestatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥646,903 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,412,697 million, maintaining an adequate level.」
Although short-term borrowings increased, the company maintained cash and undrawn committed credit lines in excess of short-term borrowings, demonstrating an adequate level of liquidity. - FY2024-Q2RestatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥586,379 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,417,017 million, maintaining an adequate level.」
The company stated that it was continuing to monitor the impact of geopolitical risks, inflation and rising interest rates on funding and liquidity while securing cash and undrawn committed credit lines in excess of short-term borrowings. - FY2024-Q1RestatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥575,355 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,449,955 million, maintaining an adequate level.」
The company stated that it was continuing to monitor the impact of geopolitical risks and inflation on funding and liquidity while securing cash and undrawn committed credit lines in excess of short-term borrowings. - FY2023WorsenedAnnual report
「Uncertainty continues due to heightened geopolitical risks, including the Russia-Ukraine issue, rising global inflation and interest rate hikes by central banks, as well as concerns over the creditworthiness of financial institutions in Europe and the United States. Depending on future developments, an increase in liquidity risk, including higher funding costs, is expected.」
The company additionally identified geopolitical risks, inflation, interest rate hikes and credit concerns at European and U.S. financial institutions as factors affecting funding and liquidity risk. It also continued measures involving committed credit lines and other facilities. - FY2023-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥461,673 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,483,169 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing its response to liquidity risk. - FY2023-Q1MitigatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥591,178 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,385,825 million, maintaining an adequate level.」
Against short-term borrowings of ¥591,178 million, the company secured ¥1,385,825 million in cash and undrawn committed credit lines combined and stated that it was maintaining an adequate level. - FY2022WorsenedAnnual report
「Financial conditions, which had temporarily become unstable due in part to the spread of COVID-19, have been stabilizing, but uncertainty continues due to heightened geopolitical risks, including the Russia-Ukraine issue, and rising global inflation. Depending on future developments, an increase in liquidity risk, including higher funding costs, is expected.」
The company indicated that financial conditions were stabilizing, while newly specifying higher funding costs and increased liquidity risk resulting from geopolitical risks and global inflation. - FY2022-Q3RestatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥665,886 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,363,983 million, maintaining an adequate level.」
While short-term borrowings increased to ¥665,886 million, the company secured ¥1,363,983 million in cash and undrawn committed credit lines combined and stated that it was maintaining an adequate level. - FY2022-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥493,976 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,499,856 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing its response to liquidity risk. It continued to monitor the impact of COVID-19 on funding and liquidity. - FY2021MitigatedAnnual report
「Financial conditions have recently been stable, but depending on future developments, an increase in liquidity risk, including higher funding costs, is expected.」
The company stated that financial conditions had stabilized, while maintaining ¥524,451 million in available committed credit lines and an A rating or higher, strengthening and continuing its liquidity measures. - FY2021-Q3RestatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥371,455 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,445,258 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing its response to liquidity risk. It continued to monitor the impact of COVID-19 on funding and liquidity. - FY2021-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥361,525 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,619,355 million, maintaining an adequate level.」
Against short-term borrowings of ¥361,525 million, the company secured ¥1,619,355 million in cash and undrawn committed credit lines combined. It continued to monitor the impact of COVID-19 on funding and liquidity. - FY2021-Q1RestatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥377,150 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,487,018 million, maintaining an adequate level.」
The company secured on-hand liquidity in excess of short-term borrowings while continuing to monitor the impact of COVID-19 on funding and liquidity. - FY2020WorsenedAnnual report
「Recently, financial conditions have become unstable due in part to the spread of COVID-19, and an increase in liquidity risk and funding costs is expected.」
The company explicitly stated that the spread of COVID-19 was expected to make funding more difficult, increase funding costs and increase liquidity risk. - FY2020-Q3RestatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥384,132 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,239,211 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing its response to liquidity risk. - FY2020-Q2RestatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥274,813 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,331,499 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing its response to liquidity risk. - FY2019RestatedAnnual report
「As of the end of the current consolidated fiscal year, cash and cash equivalents plus available committed credit lines (undrawn amounts) totaled ¥1,507,641 million. The company monitors liquidity risk and works to maintain appropriate on-hand liquidity so that a deterioration in funding conditions does not disrupt business continuity.」
Although the amount decreased from the previous fiscal year, the company secured ¥1,507,641 million in on-hand liquidity and undrawn committed credit lines combined and continued its liquidity management. - FY2019-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥324,464 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,468,587 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2019-Q1MitigatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥238,177 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,608,467 million, maintaining an adequate level.」
Against short-term borrowings of ¥238,177 million, the company secured ¥1,608,467 million in cash and undrawn committed credit lines combined, continuing to demonstrate its response to liquidity risk. - FY2018MitigatedAnnual report
「As of the end of the current consolidated fiscal year, cash and cash equivalents plus available committed credit lines (undrawn amounts) totaled ¥1,653,911 million. The company monitors liquidity risk and works to maintain appropriate on-hand liquidity so that a deterioration in funding conditions does not disrupt business continuity.」
The company continued its liquidity measures and disclosed total cash and undrawn committed credit lines of ¥1,653,911 million. - FY2018-Q3MitigatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥358,570 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,503,827 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2018-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥335,665 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,562,364 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2018-Q1MitigatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥375,895 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,581,676 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, demonstrating its response to liquidity risk. - FY2017MitigatedAnnual report
「As of the end of the current consolidated fiscal year, cash and cash equivalents plus available committed credit lines (undrawn amounts) totaled ¥1,433,838 million. The company monitors liquidity risk and works to maintain appropriate on-hand liquidity so that a deterioration in funding conditions does not disrupt business continuity.」
The company secured ¥1,433,838 million in on-hand liquidity and undrawn committed credit lines combined, continuing its response to liquidity risk. - FY2017-Q3MitigatedAnnual report
「As of the end of the third quarter, short-term borrowings were ¥296,289 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,282,760 million, maintaining an adequate level.」
The company secured cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2017-Q2MitigatedAnnual report
「As of the end of the second quarter, short-term borrowings were ¥208,816 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,318,176 million, maintaining an adequate level.」
The company maintained cash and undrawn committed credit lines in excess of short-term borrowings, continuing to demonstrate its response to liquidity risk. - FY2017-Q1MitigatedAnnual report
「As of the end of the first quarter, short-term borrowings were ¥242,509 million, while cash and cash equivalents plus undrawn committed credit lines totaled ¥1,203,698 million, maintaining an adequate level.」
The company maintained cash and undrawn committed credit lines in excess of short-term borrowings, demonstrating its response to liquidity risk. - FY2016First statedAnnual report
「If liquidity were to become constrained, making it impossible to raise necessary funds at appropriate costs, this could have a material impact on the ORIX Group's business activities, financial position and operating results.」
The company discloses quantitative data on its funding mix and credit ratings, including short-term debt, long-term borrowings, bonds, commercial paper, deposits and committed credit lines.