Emergency Funding Sources and Liquidity Management
First written in FY2016. 5 of 8 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-08-05.
52 other companies' latest entry also says "Restated".
- 2026-08-05RestatedEarnings
「Interest-bearing debt stood at ¥817.7 billion, compared with ¥833.1 billion at the previous fiscal year-end.」
Interest-bearing debt declined from the previous fiscal year-end, while the full-year-end forecast remained unchanged at ¥980.0 billion. - FY2026AdvancedAnnual report
「As larger construction projects increase funding needs due to advance payments to cooperating companies and others, consolidated interest-bearing debt is expected to temporarily increase to ¥980 billion at the end of March 2027. However, because the D/E ratio is expected to remain at approximately the target level of 0.7 times, the company expects to maintain sufficient financial soundness. In addition, for funding operations, the company targets holding cash and cash equivalents at approximately one month's sales and has secured stable and diverse financing facilities, including a commitment line.」
In light of funding needs arising from advance payments and development investment, the company indicated that interest-bearing debt is expected to increase to ¥980 billion by the end of March 2027. Meanwhile, it specified a policy of managing liquidity through a D/E ratio of approximately 0.7 times, cash holdings equivalent to one month's sales, a ¥200 billion commitment line, and long-term fixed-rate financing. - FY2024AdvancedAnnual report
「In addition to holding cash and cash equivalents above approximately one month's sales and maintaining a D/E ratio of approximately 0.5 times, the company has secured diverse financing facilities, including a commitment line, for stable funding operations. It therefore considers that there are no funding concerns.」
In addition to cash holdings, a D/E ratio and a ¥200 billion commitment line, the company expanded its financing facilities after filing by adopting a blanket resolution concerning unsecured corporate bonds with an issue amount of up to ¥50 billion. - FY2023Resetting the Liquidity Facility and Adding a Corporate Bond Issuance FacilityAnnual report
「To secure financing in emergencies, the company has entered into a commitment line agreement under a syndicated lending arrangement with its relationship banks.」
At the end of the current consolidated fiscal year, the commitment line limit and undrawn amount were both ¥200 billion. In addition, the company adopted a blanket resolution concerning unsecured corporate bonds with an issue amount of up to ¥20 billion and payment dates through the end of March 2024. - FY2021AdvancedAnnual report
「To secure financing in emergencies, the company has entered into a commitment line agreement under a syndicated lending arrangement with its relationship banks. The commitment amount is ¥250,000 million, with no borrowings outstanding and an undrawn amount of ¥250,000 million.」
As a measure to secure liquidity in emergencies, the commitment line limit increased from ¥150 billion to ¥250 billion. - FY2020-Q1AdvancedAnnual report
「At a board meeting held on 6 August 2019, the company adopted a blanket resolution concerning the issuance of unsecured corporate bonds as follows. (1) Issue amount ¥20 billion or less (multiple issuances within this amount are permitted) (8) Payment date From the date of board approval through the end of March 2020 (9) Use of proceeds Capital expenditures or working capital」
At the board meeting held on 6 August 2019, the company adopted a blanket resolution concerning unsecured corporate bonds with an aggregate issue limit of ¥20 billion that could be issued by the end of March 2020. This indicates an additional financing facility for capital expenditures or working capital. - FY2019-Q1AdvancedAnnual report
「At a board meeting held on 10 July 2018, the company adopted a blanket resolution concerning the issuance of unsecured corporate bonds as follows. Issue amount: ¥20 billion or less (multiple issuances within this amount are permitted). Payment date: from the date of board approval through the end of March 2019. Use of proceeds: funds for bond redemption or working capital.」
The board adopted a blanket resolution concerning unsecured corporate bonds with an issue amount of up to ¥20 billion and payment dates through the end of March 2019. This indicates an additional financing facility for bond redemption or working capital. - FY2016First statedAnnual report
「To address liquidity risk related to financing, the company has established and manages risk through a commitment line with a total limit of ¥150 billion.」
A commitment line with a total limit of ¥150 billion has been established as a means of addressing liquidity risk related to financing.