Financing and Liquidity Risk
First written in FY2016. 7 of 16 entries say "Restated". Latest entry: FY2026.
- FY2026Partial drawdown of the committed credit facilityAnnual report
「Total committed credit facility ¥40,000 million Drawdowns ¥8,000 million Undrawn amount ¥32,000 million」
The Company drew down ¥8,000 million of the ¥40,000 million total committed credit facility, leaving ¥32,000 million undrawn. - FY2026-H1RestatedAnnual report
「With respect to liquidity on hand, the Company uses a cash management system (CMS) to make effective use of intra-group funds and works to improve funding efficiency, while securing the liquidity required for business operations by diversifying its funding sources. It has also entered into committed credit facility agreements with financial institutions, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company continues its policy of securing liquidity through its CMS, diversified funding sources, and committed credit facilities. - FY2025RestatedAnnual report
「With respect to liquidity on hand, the Company uses a cash management system (CMS) to make effective use of intra-group funds, works to improve funding efficiency, and secures the liquidity required for business operations by diversifying its funding sources. It has also entered into committed credit facility agreements with financial institutions, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company continues to secure liquidity through its CMS, diversified funding sources, and committed credit facilities. The total committed credit facility is ¥40,000 million, with undrawn commitments also at ¥40,000 million. - FY2025-H1RestatedAnnual report
「With respect to liquidity on hand, the Company is working to improve funding efficiency while securing the liquidity required for business operations and diverse funding sources. It has also entered into committed credit facility agreements with financial institutions, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company continues its policy of securing the liquidity required for operations and diverse funding sources while improving funding efficiency, and using committed credit facilities to prepare for unexpected funding needs. - FY2024-Q3Seasonal funding measures and increase in long-term borrowingsAnnual report
「Current liabilities at the end of the third quarter of the current fiscal year totaled ¥124,812 million, an increase of ¥7,950 million, or 6.8%, from the end of the previous consolidated fiscal year. The main factors were the issuance of commercial paper to fund seasonal payments and other requirements, and the difference from decreases in notes and accounts payable, accrued corporate taxes, and the provision for bonuses. Non-current liabilities totaled ¥106,154 million, an increase of ¥13,887 million, or 15.1%, from the end of the previous consolidated fiscal year. The main factor was an increase in long-term borrowings, among other factors.」
Current and non-current liabilities both increased from the end of the previous fiscal year due to the issuance of commercial paper to meet seasonal funding needs and an increase in long-term borrowings. - FY2024-Q2RestatedAnnual report
「The Company has also entered into a committed credit facility agreement with financial institutions, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company reaffirmed its liquidity management policy of maintaining committed credit facilities in preparation for sudden changes in the financial environment and unexpected funding needs. - FY2023MitigatedAnnual report
「The total committed credit facility was ¥40,000 million, drawdowns were ¥0, and the undrawn amount was ¥40,000 million.」
The total committed credit facility remained at ¥40,000 million, with no drawdowns, and undrawn commitments increased from ¥32,500 million in the previous disclosure to ¥40,000 million. - FY2023-Q3Increase in commercial paper and long-term borrowingsAnnual report
「The main factors included the issuance of commercial paper to fund seasonal payments and other requirements, increases in accrued corporate and consumption taxes payable, and the difference from decreases in notes and accounts payable due to earlier payments to subcontractors and in bonds due for redemption within 1 year.」
Commercial paper totaled ¥15,000 million and long-term borrowings totaled ¥13,256 million at the end of the third quarter, reflecting measures to address seasonal funding needs and earlier payments, as well as an increase in long-term borrowings. - FY2023-Q1Commercial paper issuance to meet seasonal funding needsAnnual report
「Current liabilities at the end of the first quarter of the current fiscal year totaled ¥155,546 million, an increase of ¥14,749 million, or 10.5%, from the end of the previous consolidated fiscal year. The main factor was the issuance of commercial paper and other measures to fund seasonal payments.」
Commercial paper was issued to meet seasonal funding needs and other requirements, resulting in a 10.5% increase in current liabilities from the end of the previous fiscal year. - FY2022WorsenedAnnual report
「The total committed credit facility decreased from ¥70,000 million to ¥40,000 million, while undrawn commitments decreased from ¥64,000 million to ¥32,500 million.」
The total committed credit facility decreased from ¥70,000 million in the previous fiscal year to ¥40,000 million, while undrawn commitments decreased from ¥64,000 million to ¥32,500 million. - FY2021-Q2MitigatedAnnual report
「Meanwhile, the Company has entered into a committed credit facility agreement with financial institutions, with a credit limit of ¥70,000 million, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The credit limit of the committed facility for unexpected funding needs and other requirements increased from ¥40,000 million to ¥70,000 million. - FY2020-Q2RestatedAnnual report
「Meanwhile, the Company has entered into a 3-year committed credit facility agreement with financial institutions, with a credit limit of ¥40,000 million, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company maintains a committed credit facility with a credit limit of ¥40,000 million and a 3-year term in preparation for sudden changes in the financial environment and unexpected funding needs. - FY2019-Q3RestatedAnnual report
「Meanwhile, the Company has entered into a 3-year committed credit facility agreement with financial institutions, with a credit limit of ¥40,000 million, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company maintains a committed credit facility with a credit limit of ¥40,000 million and a 3-year term in preparation for sudden changes in the financial environment and unexpected funding needs. - FY2019-Q2RestatedAnnual report
「Meanwhile, the Company has entered into a 3-year committed credit facility agreement with financial institutions, with a credit limit of ¥40,000 million, enabling rapid and flexible financing in preparation for sudden changes in the financial environment and unexpected funding needs.」
The Company maintains a committed credit facility with a credit limit of ¥40,000 million and a 3-year term in preparation for sudden changes in the financial environment and unexpected funding needs. - FY2017MitigatedAnnual report
「The Company, as the filing company, has entered into a committed credit facility agreement with Mizuho Bank, Ltd. as lead arranger and 6 other participating banks, to strengthen its financing capacity and reduce interest-bearing debt.」
The total committed credit facility remained at ¥40,000 million, while undrawn commitments increased from ¥34,000 million in the previous fiscal year to ¥40,000 million, expanding available liquidity. - FY2016First statedAnnual report
「Based on reports from each department, the treasury department prepares and updates cash flow plans in a timely manner and manages liquidity risk by maintaining liquidity on hand, among other measures.」
The Company discloses a total committed credit facility of ¥40,000 million and undrawn commitments of ¥34,000 million.