Diversified Funding Sources and ALM-Based Interest Rate and Liquidity Risk Management
First written in FY2017. 18 of 23 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2026: 8 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Cash and deposits stood at ¥68,886 million at the end of the consolidated fiscal year. In addition, the total unused amount under commitment lines and similar agreements with multiple financial institutions was ¥324,538 million as of the end of the consolidated fiscal year.」
The company secured ¥68,886 million in cash and deposits and ¥324,538 million in unused commitment lines and similar facilities. - FY2026-H1AdvancedAnnual report
「This was mainly because, although the company received ¥91,542 million from long-term borrowings, it incurred cash outflows of ¥72,676 million for repayment of long-term borrowings, ¥43,290 million from a decrease in short-term borrowings, and ¥20 billion from a decrease in commercial paper.」
The company’s funding structure involved raising funds through long-term borrowings while substantially reducing short-term borrowings and commercial paper. - FY2025AdvancedAnnual report
「Cash and deposits stood at ¥110,298 million at the end of the consolidated fiscal year. In addition, the total unused amount under commitment lines and similar agreements with multiple financial institutions was ¥276,563 million as of the end of the consolidated fiscal year.」
In addition to diversifying funding sources and using ALM, the company secured ¥110,298 million in cash and deposits and ¥276,563 million in unused commitment lines. - FY2025-H1ReframedAnnual report
「This was mainly because, although the company received ¥47,585 million from long-term borrowings, it incurred cash outflows of ¥40,855 million for repayment of long-term borrowings, ¥15 billion from a decrease in commercial paper, and ¥10,050 million for bond redemptions.」
The company disclosed a funding structure combining long-term borrowings, repayments of long-term borrowings, reductions in commercial paper, and bond redemptions. - FY2024AdvancedAnnual report
「As a result of its financial strategy in response to changes in the financial environment, cash and deposits stood at ¥53,844 million at the end of the consolidated fiscal year. In addition, the total unused amount under commitment lines and similar agreements with multiple financial institutions was ¥322,018 million as of the end of the consolidated fiscal year.」
In addition to diversifying funding sources and using ALM, the company secured ¥53,844 million in cash and deposits and ¥322,018 million in unused commitment lines and similar facilities. - FY2024-Q2AdvancedAnnual report
「This was mainly because, although the company received ¥66,979 million from long-term borrowings and ¥10 billion from bond issuance, it incurred cash outflows of ¥57,548 million for repayment of long-term borrowings and ¥10 billion for bond redemptions, as well as a ¥9 billion decrease in commercial paper.」
The company used a combination of long-term borrowings, bond issuance, bond redemptions, and commercial paper as funding sources, recording ¥10 billion in proceeds from bond issuance. - FY2023AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2023 approved at the Board of Directors meeting held on 29 March 2023, the company issued unsecured bonds on 7 June 2023. The total issue amount was ¥10,000 million, the interest rate was 0.340% per annum, and the maturity date was 5 June 2026.」
Although it was after the filing date, the company disclosed the issuance of the 25th series of unsecured bonds, totaling ¥10 billion, thereby making the diversification of its funding sources more concrete. - FY2023-Q2AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2022 approved at the Board of Directors meeting held on 30 March 2022, the company issued unsecured bonds on 26 October 2022. (1) Name of issue 24th series of unsecured bonds (2) Total issue amount ¥10,000 million (3) Issue date 26 October 2022 (5) Interest rate 0.320% per annum (6) Maturity date 24 October 2025 (8) Use of proceeds Capital expenditures, including funds to purchase leased assets」
Regarding diversification of funding sources, the company issued the 24th series of unsecured bonds on 26 October 2022, totaling ¥10 billion, bearing interest at 0.320% per annum and maturing in October 2025. - FY2022-Q1AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2021 approved at the Board of Directors meeting held on 30 March 2021, the company issued unsecured bonds on 16 July 2021.」
After the filing date, the company issued the 19th series of unsecured bonds on 16 July 2021, totaling ¥10 billion, bearing interest at 0.180% per annum and maturing on 16 July 2026. The proceeds were used for capital expenditures. - FY2020-Q2AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2019 approved at the Board of Directors meeting held on 28 March 2019, the company issued unsecured bonds on 21 October 2019. The details are as follows. (1) Name of issue 17th series of unsecured bonds (with pari passu limited subordination provisions among bond issues) (2) Total issue amount ¥10,000 million (3) Issue date 21 October 2019 (5) Interest rate 0.040% per annum (6) Maturity date 21 October 2022 (8) Use of proceeds Capital expenditures, including funds to purchase leased assets」
Regarding diversification of funding sources, the company issued the 17th series of unsecured bonds, totaling ¥10 billion, on 21 October 2019. - FY2020-Q1AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2019 approved at the Board of Directors meeting held on 28 March 2019, the company issued unsecured bonds on 12 July 2019. (2) Total issue amount ¥10,000 million (5) Interest rate 0.270% per annum (6) Maturity date 12 July 2024 (8) Use of proceeds Capital expenditures, including funds to purchase leased assets」
Regarding diversification of funding sources, the company issued the 16th series of unsecured bonds on 12 July 2019, totaling ¥10 billion, bearing interest at 0.270% per annum and maturing in July 2024. - FY2019-Q2RestatedAnnual report
「The cash used in financing activities during the six-month period ended in the second quarter was ¥35,438 million, compared with an outflow of ¥4,669 million in the same period of the previous year. This was mainly because, although the company received ¥47,184 million from long-term borrowings, it incurred cash outflows of ¥52,864 million for repayment of long-term borrowings and ¥28 billion from a decrease in commercial paper.」
The quarter’s cash flows reflect a funding structure using multiple sources, including long-term borrowings, repayments of long-term borrowings, commercial paper, and bond issuance and redemptions. - FY2019-Q1AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2018 approved at the Board of Directors meeting held on 29 March 2018, the company issued unsecured bonds on 13 July 2018. (2) Total issue amount ¥10,000 million ¥10,000 million (5) Interest rate 0.290% per annum 0.620% per annum (6) Maturity date 13 July 2023 13 July 2028 (8) Use of proceeds Capital expenditures, including funds to purchase leased assets」
The company disclosed that, after the filing date, it issued the 13th and 14th series of unsecured bonds, ¥10 billion each, on 13 July 2018, demonstrating progress in diversifying its funding sources through actual issuance. - FY2018AdvancedAnnual report
「To meet this need, we increased our outstanding funding balance. To reduce funding costs, we also raised the proportion of funding obtained through commercial paper compared with the previous consolidated fiscal year. We plan to continue reducing funding costs through the use of commercial paper while preparing for liquidity risk.」
The company increased its outstanding funding balance in response to the expansion of operating assets and raised the CP ratio as a specific measure to reduce funding costs. - FY2018-Q2RestatedAnnual report
「This was mainly because, although the company received ¥44,485 million from long-term borrowings, ¥10 billion from bond issuance, and ¥6,047 million from an increase in short-term borrowings, it incurred cash outflows of ¥45,530 million for repayment of long-term borrowings, ¥13,205 million for dividends paid to non-controlling interests, and ¥10 billion from a decrease in commercial paper.」
The quarter’s cash flows also reflect a funding structure using multiple sources, including bonds, long-term borrowings, and short-term borrowings. - FY2018-Q1AdvancedAnnual report
「Based on the limit and outline for the issuance of domestic unsecured straight bonds for fiscal 2017 approved at the Board of Directors meeting held on 30 March 2017, the company issued unsecured bonds on 14 July 2017. (2) Total issue amount ¥10,000 million (3) Issue date 14 July 2017 (5) Interest rate 0.350% per annum (6) Maturity date 14 July 2022 (8) Use of proceeds Capital expenditures, including funds to purchase leased assets」
Regarding diversification of funding sources, the company disclosed that it had actually issued domestic unsecured straight bonds totaling ¥10 billion, bearing interest at 0.350% per annum and maturing in 2022. - FY2017First statedAnnual report
「For direct financing, the company is focusing on stable funding while diversifying its funding methods, including the issuance of bonds and commercial paper. For indirect financing, it conducts transactions with a broad range of financial institutions while maintaining good relationships with its major financial institutions.」
The company has diversified its funding sources through bonds, commercial paper, borrowings from financial institutions, and receivables securitization, and manages interest rate and liquidity risk through ALM.