Liquidity Risk Relating to Funding and Payment Capacity
First written in FY2019. 2 of 5 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2022.
- FY2022MaterialisedAnnual report
「In the passenger shipping business, repeated requests for people to refrain from activities in response to the spread of COVID-19 disrupted cash flow. The company sold investment securities and shares in affiliates that it held and also obtained a ¥200 million loan from Japan Finance Corporation.」
The continuing cash flow difficulties in the passenger shipping business have materialized as financing through the sale of securities and other assets held and a ¥200 million loan from Japan Finance Corporation. - FY2021WorsenedAnnual report
「During the current fiscal year, the sightseeing boat operations at Yokohama Port within the passenger shipping business were forced to suffer a substantial decline in revenue as the business environment deteriorated due to the spread of COVID-19, resulting in a working capital shortfall. As its responsibility as the parent company to support recovery from the COVID-19 crisis, which could be described as an infectious disease disaster, the company purchased investment securities held by the business, assumed ¥300 million in emergency financing debt, and provided a total capital injection of ¥644 million. The car ferry operations also experienced a funding shortfall, as did the sightseeing boat operations described above, and the company purchased investment securities held by the business and provided ¥108 million in financial support.」
The working capital shortfall extended beyond the sightseeing boat operations to the car ferry operations, resulting in total capital injections and support of ¥752 million from the parent company. - FY2021-Q2MaterialisedAnnual report
「Under current liabilities, notes and accounts payable decreased by ¥192 million. Working capital became insufficient due to a substantial decline in revenue in the passenger shipping business, and the company newly borrowed ¥300 million from a bank.」
Working capital became insufficient due to a substantial decline in revenue in the passenger shipping business, requiring a new ¥300 million bank loan. The liquidity risk related to financing and payment capacity has materialized as actual financing. - FY2020RestatedAnnual report
「Management of liquidity risk related to financing, namely the risk of being unable to make payments when due」
The policy of managing liquidity risk through borrowings from multiple financial institutions and adjustments to the balance of short- and long-term funding is being reconfirmed. - FY2019First statedAnnual report
「Management of liquidity risk related to financing, namely the risk of being unable to make payments when due」
The liquidity risk of becoming unable to make payments when due is explicitly identified and managed through borrowings from multiple financial institutions and adjustments to the balance of short- and long-term funding, taking market conditions into account.