Expansion of credit-risk underwriting capacity combined with retained exposure
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「For the credit risk securitized through these entities and the credit risk retained by the company, as with other risk transferees, the company has established certain standards and implemented measures to prevent an excessive deterioration in the loss ratio.」
The company reconfirmed its management of retained credit risk and loss ratios based on established standards. Guarantees of accounts receivable equivalent to the retained credit risk totaled ¥146,668,969 thousand. - 2026-05-20SoftenedFinancial results briefing materials
「自社保有リスクを過度に増やさない方針です。」
自己保有を組み合わせた受託規模の拡大について、自己保有リスクを過度に増やさない方向を明示している。 - FY2025AdvancedAnnual report
「By adding クレジット・ギャランティ10号合同会社 (Credit Guarantee No. 10 GK), the operator of クレジット・ギャランティ10号匿名組合 (Credit Guarantee No. 10 silent partnership), in which we hold a 51% interest and which is a consolidated subsidiary, and クレジット・ギャランティ11号合同会社 (Credit Guarantee No. 11 GK), the operator of クレジット・ギャランティ11号匿名組合 (Credit Guarantee No. 11 silent partnership), in which we hold a 51% interest and which is a consolidated subsidiary, among others, as risk transferees, we retain some of the credit risk ourselves.」
The company is expanding its operations of adding multiple consolidated subsidiaries, including Credit Guarantee 11 TK, as risk transferees while retaining some credit risk. - FY2024AdvancedAnnual report
「The company retains some credit risk on its own balance sheet by adding Credit Guarantee 7 GK (the operator of Credit Guarantee 7 TK, a consolidated subsidiary in which the company holds a 51% interest) and Credit Guarantee 8 GK (the operator of Credit Guarantee 8 TK, a consolidated subsidiary in which the company holds a 51% interest) as risk transferees, among other measures.」
The company continues to expand its operations of adding multiple consolidated subsidiaries, including Credit Guarantee 7 and 8, as risk transferees while retaining some credit risk. Guarantees of accounts receivable equivalent to the retained credit risk total ¥116,529,296 thousand. - FY2022AdvancedAnnual report
「The company retains some credit risk on its own balance sheet by adding Credit Link Fund 1 GK (the operator of Credit Link Fund 1 TK, a consolidated subsidiary in which the company holds a 57% interest), Credit Investment 1 GK (the operator of Credit Investment 1 TK, a consolidated subsidiary in which the company holds an 82% interest), Credit Guarantee 1 GK (the operator of Credit Guarantee 1 TK, a consolidated subsidiary in which the company holds a 51% interest), Credit Guarantee 2 GK (the operator of Credit Guarantee 2 TK, a consolidated subsidiary in which the company holds a 55% interest), Credit Guarantee 4 GK (the operator of Credit Guarantee 4 TK, a consolidated subsidiary in which the company holds a 50% interest), Credit Guarantee 5 GK (the operator of Credit Guarantee 5 TK, a consolidated subsidiary in which the company holds a 60% interest) and Credit Guarantee 6 GK (the operator of Credit Guarantee 6 TK, a consolidated subsidiary in which the company holds a 51% interest) as risk transferees, among other measures.」
The company expanded its operations of retaining some credit risk by newly adding Credit Guarantee 6 TK as a risk transferee. - FY2021RestatedAnnual report
「The company retains some credit risk on its own balance sheet by adding Credit Link Fund 1 GK (the operator of Credit Link Fund 1 TK, a consolidated subsidiary in which the company holds a 57% interest), Credit Investment 1 GK (the operator of Credit Investment 1 TK, a consolidated subsidiary in which the company holds an 82% interest), Credit Guarantee 1 GK (the operator of Credit Guarantee 1 TK, a consolidated subsidiary in which the company holds a 51% interest), Credit Guarantee 2 GK (the operator of Credit Guarantee 2 TK, a consolidated subsidiary in which the company holds a 55% interest), Credit Guarantee 4 GK (the operator of Credit Guarantee 4 TK, a consolidated subsidiary in which the company holds a 50% interest) and Credit Guarantee 5 GK (the operator of Credit Guarantee 5 TK, a consolidated subsidiary in which the company holds a 60% interest) as risk transferees, among other measures.」
The company has reconfirmed its policy of retaining some credit risk while adding multiple funds and silent partnerships as risk transferees. - FY2020AdvancedAnnual report
「By adding クレジット・リンク・ファンド１号合同会社 (Credit Link Fund No. 1 GK), the operator of クレジット・リンク・ファンド１号匿名組合 (Credit Link Fund No. 1 silent partnership), in which we hold a 57% interest and which is a consolidated subsidiary; クレジット・インベストメント１号合同会社 (Credit Investment No. 1 GK), the operator of クレジット・インベストメント１号匿名組合 (Credit Investment No. 1 silent partnership), in which we hold an 82% interest and which is a consolidated subsidiary; クレジット・ギャランティ１号合同会社 (Credit Guarantee No. 1 GK), the operator of クレジット・ギャランティ１号匿名組合 (Credit Guarantee No. 1 silent partnership), in which we hold a 51% interest and which is a consolidated subsidiary; クレジット・ギャランティ２号合同会社 (Credit Guarantee No. 2 GK), the operator of クレジット・ギャランティ２号匿名組合 (Credit Guarantee No. 2 silent partnership), in which we hold a 55% interest and which is a consolidated subsidiary; クレジット・ギャランティ４号合同会社 (Credit Guarantee No. 4 GK), the operator of クレジット・ギャランティ４号匿名組合 (Credit Guarantee No. 4 silent partnership), in which we hold a 50% interest and which is a consolidated subsidiary; and クレジット・ギャランティ５号合同会社 (Credit Guarantee No. 5 GK), the operator of クレジット・ギャランティ５号匿名組合 (Credit Guarantee No. 5 silent partnership), in which we hold a 60% interest and which is a consolidated subsidiary, among others, as risk transferees, we retain some of the credit risk ourselves.」
The company's previous policy was disclosed as actual operations that added multiple consolidated subsidiaries and silent partnerships as risk transferees. - FY2019First statedAnnual report
「The role of our group is to bridge the gap between the two. In fulfilling its role of bridging the gap between counterparties (customers) seeking to hedge credit risk and risk transferees that view credit risk as an investment opportunity and wish to assume credit risk, our group intends to expand its business scale while retaining some credit risk on its own balance sheet.」
As part of its role in bridging the gap between the needs of customers and risk transferees, the company for the first time identified as an independent objective its policy of expanding its business scale while retaining some credit risk.