Internal Funds-Based Financing Policy
First written in FY2020. 1 of 10 entries say "Restated". Latest entry: FY2026-H1.
35 other companies' latest entry also says "Other".
- FY2026-H1Execution of long-term borrowings and a slight decrease in short-term borrowingsAnnual report
「Although there were factors reducing cash flows, including ¥65.572 million in payments for the repayment of long-term borrowings, this was due to ¥100 million in proceeds from long-term borrowings.」
The Company drew down ¥100 million in long-term borrowings and repaid ¥65.572 million in long-term borrowings. Short-term borrowings decreased by ¥2 million. - FY2025-H1Drawdown of long-term borrowings and decrease in short-term borrowingsAnnual report
「This was mainly due to ¥161.754 million in proceeds from long-term borrowings, partly offset by factors reducing cash flows, including ¥79.565 million in payments for the repayment of long-term borrowings and a ¥19 million decrease in short-term borrowings.」
While maintaining its policy of relying primarily on retained earnings and its commitment lines, the Company drew down ¥161.754 million in long-term borrowings during the interim consolidated accounting period, while short-term borrowings decreased by ¥19 million. - FY2024Increase in short-term and long-term borrowingsAnnual report
「Although there were factors reducing cash flows, including ¥26.508 million in payments for the repayment of long-term borrowings, this was due to factors increasing cash flows, including a net increase of ¥200 million in short-term borrowings and ¥54 million in proceeds from long-term borrowings.」
While the stated funding policy relies primarily on retained earnings, short-term borrowings increased by ¥200 million on a net basis during the fiscal year, and ¥54 million in long-term borrowings was drawn down. - FY2024-Q3Continued increase in short-term borrowingsAnnual report
「This was mainly due to a ¥65.25 million decrease in construction accounts payable and a ¥41.564 million decrease in income taxes payable, partly offset by a ¥200 million increase in short-term borrowings and a ¥39.4 million increase in the provision for bonuses.」
Despite the stated policy of relying primarily on retained earnings, short-term borrowings increased by a further ¥200 million, bringing the year-end balance to ¥600 million. - FY2024-Q2Continued increase in short-term borrowingsAnnual report
「This was mainly due to a ¥71.918 million decrease in construction accounts payable, an ¥18.813 million decrease in other current liabilities, and a ¥13.738 million decrease in income taxes payable, partly offset by a ¥100 million increase in short-term borrowings and a ¥12.4 million increase in the provision for bonuses.」
Despite the stated policy of relying primarily on retained earnings, short-term borrowings increased by a further ¥100 million, bringing the year-end balance to ¥500 million. - FY2023Combination of external borrowings and a commitment lineAnnual report
「Short-term working capital is generally secured and funded through retained earnings. The Company currently holds sufficient cash and deposits. It has also entered into commitment line agreements with 3 financial institutions, with total commitments of ¥600 million and undrawn commitments of ¥200 million at the end of the fiscal year. Sufficient liquidity has therefore been secured.」
While maintaining its policy of relying primarily on retained earnings, the Company is using 3 commitment lines together with external borrowings, securing total commitments of ¥600 million and undrawn commitments of ¥200 million. - FY2023-Q3Increase in short-term borrowingsAnnual report
「This was mainly attributable to increases of ¥300 million in short-term borrowings, ¥40 million in provision for bonuses, and ¥23.191 million in advances received on construction contracts in progress.」
Despite the stated policy of relying primarily on retained earnings for funding, short-term borrowings increased by ¥300 million. - FY2023-Q2Execution of external borrowingsAnnual report
「Cash provided by financing activities was ¥166.272 million, compared with ¥632 thousand used in the same period of the previous year. This was mainly attributable to a net increase of ¥100 million in short-term borrowings and ¥66.378 million in proceeds from the issuance of shares.」
Although a funding policy based primarily on retained earnings had previously been disclosed, a net increase of ¥100 million in short-term borrowings has now been disclosed as an actual result. - FY2021RestatedAnnual report
「The Company plans to secure and allocate funds for these funding needs, particularly short-term working capital, primarily from retained earnings in order to ensure a stable supply of funds. The Company currently holds sufficient cash and deposits and recognizes that there is no funding issue because it can also raise funds in the future by entering into overdraft agreements and similar arrangements.」
The policy of financing short-term working capital primarily from retained earnings has been reconfirmed, with additional funding through overdraft agreements and similar arrangements also mentioned as a possibility. - FY2020First statedAnnual report
「As a general rule, the Company finances its required funds from internal funds and does not raise funds through borrowings or bonds. Surplus funds are invested in highly secure financial assets such as deposits.」
A policy of financing required funds primarily with internal funds, without raising funds through borrowings or bonds, is disclosed.