Strengthening Financial Position Through Diversified Funding and Debt Reduction
First written in FY2016. 18 of 32 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 8 of 49 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Under the medium-term management plan, the Company plans total investments of ¥20.7 billion, including ¥8 billion for expansion into related business areas funded by borrowings and asset sales, ¥3.7 billion for strengthening its management foundation funded by cash on hand, and ¥9 billion for increasing the dividend payout ratio as part of shareholder returns. The Company intends to further strengthen its financial position going forward.」
The plan has been updated from the previous total of ¥20 billion to ¥20.7 billion for fiscal 2025 through fiscal 2027. The funding sources and uses have been specified as ¥8 billion for business-area expansion, ¥3.7 billion for strengthening the management foundation, and ¥9 billion for shareholder returns. - FY2026-H1AdvancedAnnual report
「Cash provided by financing activities was ¥2,342 million, compared with ¥6,506 million used in the same period of the previous year. This was mainly due to cash inflows from an increase of ¥5,000 million in short-term borrowings, partly offset by dividend payments of ¥2,611 million.」
Although there has been no material change in the borrowings-centered financing strategy, short-term borrowings increased by ¥5,000 million during the current interim consolidated accounting period, resulting in ¥2,342 million of cash provided by financing activities. - FY2025-H1AdvancedAnnual report
「Liabilities decreased by ¥19,956 million from the end of the previous consolidated fiscal year to ¥76,204 million, mainly because notes and accounts payable—construction contracts and other liabilities decreased by ¥9,557 million, electronically recorded obligations by ¥5,024 million, short-term borrowings by ¥6,000 million, and provision for losses on construction contracts by ¥1,066 million, despite an increase of ¥2,280 million in advances received on construction contracts in progress.」
Although there has been no material change in the policy of centering the financing strategy on borrowings, short-term borrowings decreased by ¥6,000 million from the end of the previous consolidated fiscal year, and total liabilities also decreased by ¥19,956 million. - FY2024Financing structure and liquidity facility updateAnnual report
「Because construction is the Group’s core business, its financing strategy is centered on collecting construction proceeds and using borrowings. Under the medium-term management plan, the Group plans to make total investments of ¥20 billion, including ¥14 billion for expansion into related business areas funded by borrowings and asset sales, and ¥6 billion for strengthening its management foundation funded by cash on hand. The Group intends to further strengthen its financial position going forward.」
The Company has reiterated its borrowings-centered financing strategy and plans total strategic investments of ¥20 billion for fiscal 2023 through fiscal 2027. Short-term borrowings increased by ¥6,000 million, while the total commitment line decreased from ¥5,000 million to zero. - FY2024-Q3RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings.」
The Company has reiterated its financing strategy centered on collecting contract proceeds and using borrowings. The total commitment line of ¥5,000 million and the zero amount drawn are unchanged from the end of the previous consolidated fiscal year. - FY2024-Q2RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings.」
The Company has reiterated its financing strategy centered on collecting contract proceeds and using borrowings. The total commitment line is ¥5,000 million, the amount drawn is zero, and there has been no change from the end of the previous consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings.」
The Company has reiterated its financing strategy centered on collecting contract proceeds and using borrowings. The total commitment line is ¥5,000 million, the amount drawn is zero, and there has been no change from the end of the previous consolidated fiscal year. - FY2023-Q3Borrowing structure and commitment line renewalAnnual report
「Liabilities decreased by ¥3,831 million from the end of the previous consolidated fiscal year to ¥91,296 million, mainly because notes and accounts payable—construction contracts and other liabilities decreased by ¥4,656 million, electronically recorded obligations by ¥1,192 million, short-term borrowings by ¥2,000 million, and convertible bonds with share acquisition rights by ¥1,437 million, despite increases of ¥1,515 million in deposits received and ¥2,850 million in long-term borrowings, including the current portion.」
Short-term borrowings and convertible bonds with share acquisition rights decreased, while long-term borrowings increased, resulting in a change in the borrowing structure. The total commitment line was renewed from ¥15,000 million to ¥5,000 million, and the amount drawn was zero. - FY2023-Q2AdvancedAnnual report
「Liabilities decreased by ¥6,201 million from the end of the previous consolidated fiscal year to ¥88,926 million, mainly because notes and accounts payable—construction contracts and other liabilities decreased by ¥7,882 million, short-term borrowings by ¥2,000 million, and convertible bonds with share acquisition rights by ¥1,416 million, despite increases of ¥2,888 million in advances received on construction contracts in progress and ¥2,850 million in long-term borrowings, including the current portion.」
Following the bridge loan drawdown, short-term borrowings decreased by ¥2,000 million, while ¥6,000 million in long-term borrowings was recorded and convertible bonds with share acquisition rights decreased by ¥1,416 million. - FY2023-Q1Temporary bridge loanAnnual report
「To fund the purchase of treasury shares through a tender offer and related expenses, the Company entered into a loan agreement, a bridge loan, with Sumitomo Mitsui Banking Corporation and drew down ¥41,860,500,000 on 13 July 2022.」
The Company drew down a ¥41,860.5 million bridge loan to fund settlement of the tender offer for treasury shares. In addition to its conventional borrowings-based financing, temporary borrowings related to the capital transaction were incurred. - FY2022-Q3AdvancedAnnual report
「Liabilities decreased by ¥8,038 million from the end of the previous consolidated fiscal year to ¥88,730 million, mainly because notes and accounts payable—construction contracts and other liabilities decreased by ¥3,986 million, electronically recorded obligations by ¥2,025 million, short-term borrowings by ¥3,000 million, and income taxes payable and other liabilities by ¥2,072 million, despite increases of ¥2,124 million in advances received on construction contracts in progress and ¥2,826 million in deposits received.」
Short-term borrowings decreased by ¥3,000 million from the end of the previous consolidated fiscal year, and total liabilities also decreased by ¥8,038 million. - FY2022-Q2AdvancedAnnual report
「Total liabilities decreased by ¥13,037 million from the end of the previous consolidated fiscal year to ¥83,731 million. This reflected decreases of ¥6,314 million in notes and accounts payable for construction and other items, ¥3,360 million in electronically recorded obligations, ¥7,000 million in short-term borrowings and ¥1,563 million in income taxes payable, despite increases of ¥3,835 million in advances received on uncompleted construction contracts and ¥2,584 million in deposits received.」
While reiterating its policy of centering its financial strategy on collecting contract proceeds and using borrowings, the company reported that short-term borrowings decreased by ¥7,000 million from the end of the previous consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings.」
The company has reiterated its financial strategy centered on collecting contract proceeds and using borrowings. - FY2021AdvancedAnnual report
「Net cash provided by financing activities was ¥11,054 million, compared with ¥2,148 million used in the previous fiscal year. This primarily reflected increases in cash from a ¥6,100 million increase in short-term borrowings and ¥7,973 million in proceeds from the issuance of bonds, partly offset by decreases in cash from ¥1,256 million spent on the acquisition of treasury shares and ¥1,680 million in dividend payments.」
Funding activities, including the issuance of convertible bonds with stock acquisition rights, were reflected in full-year financing activities. The company disclosed ¥7,973 million in proceeds from the issuance of bonds and a ¥6,100 million increase in short-term borrowings. It also increased the total commitment line from ¥5,000 million to ¥15,000 million and drew ¥7,000 million. - FY2021-Q3RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings.」
The company has reiterated its financial strategy centered on collecting contract proceeds and using borrowings. It also reconfirmed in the equipment section that ¥5,000 million of the funds raised through the convertible bonds with stock acquisition rights was used to repay borrowings. - FY2021-Q2AdvancedAnnual report
「*The information reflects the terms at the time of issuance of the bonds with stock acquisition rights, on 26 August 2020. Of the funds raised through the issuance of the bonds with stock acquisition rights, ¥5,000 million was used to repay the borrowings described above.」
Regarding the convertible bonds with stock acquisition rights resolved in the previous quarter, the company reports their issuance on 26 August 2020 and the use of ¥5 billion of the funds raised to repay borrowings. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 August 2020, the Company resolved to issue the 3rd unsecured convertible bond-type bonds with stock acquisition rights of DAIHO CORPORATION, with provisions for downward adjustment of the conversion price, interim redemption rights and a limited pari passu clause among convertible bond-type bonds with stock acquisition rights.」
In addition to its traditional reliance on collections of contract proceeds and borrowings, the Company resolved to issue ¥8 billion of convertible bonds with stock acquisition rights. Of the estimated net proceeds, ¥5 billion was scheduled to repay short-term borrowings by the end of September 2020, with the remainder allocated to working capital by the end of March 2021. - FY2020-Q3RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy under the Medium-Term Management Plan for fiscal years 2017–2019 of diversifying funding methods and strengthening its financial position. - FY2020-Q2RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods under the Medium-Term Management Plan for fiscal years 2017–2019. - FY2020-Q1RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy under the Medium-Term Management Plan for fiscal years 2017–2019 of diversifying funding methods and strengthening its financial position. - FY2019RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of construction payments and borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy under the Medium-Term Management Plan for fiscal years 2017–2019 of diversifying funding methods and strengthening its financial position. - FY2019-Q3RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods under the Medium-Term Management Plan for fiscal years 2017–2019. - FY2019-Q2RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods under the Medium-Term Management Plan for fiscal years 2017–2019. - FY2019-Q1RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods under the Medium-Term Management Plan for fiscal years 2017–2019. - FY2018-Q3RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy under the Medium-Term Management Plan for fiscal years 2017–2019 of diversifying funding methods and strengthening its financial position. - FY2018-Q2RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through construction payments and short-term borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy under the Medium-Term Management Plan for fiscal years 2017–2019 of diversifying funding methods and strengthening its financial position. - FY2018-Q1RestatedAnnual report
「As construction is the group's core business, its financial strategy is to obtain funds primarily through the collection of contract proceeds and borrowings. Based on the company's Medium-Term Management Plan (fiscal years 2017–2019), disclosed on 12 May 2017, the company plans to further strengthen its financial position by diversifying funding methods.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods under the Medium-Term Management Plan for fiscal years 2017–2019. - FY2017ReframedAnnual report
「Because construction is the Group’s core business, we principally obtain funding through the collection of contract proceeds and borrowings. Based on our medium-term management plan for fiscal 2017–2019, we will strengthen our financial position by diversifying funding sources.」
The Group moved from the fiscal 2014–2016 plan to the fiscal 2017–2019 plan and continued to target a stronger financial position through diversified funding sources. The previous references to shortening collection periods and reducing interest-bearing debt are not stated here. - FY2017-Q3RestatedAnnual report
「Based on the company's Medium-Term Management Plan (fiscal years 2014–2016), disclosed on 9 May 2014, the company plans to further strengthen its financial position by diversifying funding methods, shortening the collection period for construction payments and reducing interest-bearing debt within the range of cash flow.」
The company has reiterated its policy of strengthening its financial position under the Medium-Term Management Plan by diversifying funding methods, shortening the collection period for construction payments and reducing interest-bearing debt. - FY2017-Q2RestatedAnnual report
「Based on the company's Medium-Term Management Plan (fiscal years 2014–2016), disclosed on 9 May 2014, the company plans to further strengthen its financial position by diversifying funding methods, shortening the collection period for construction payments and reducing interest-bearing debt within the range of cash flow.」
The company has reiterated its policy of strengthening its financial position by diversifying funding methods, shortening collection periods and reducing interest-bearing debt under the Medium-Term Management Plan. - FY2017-Q1RestatedAnnual report
「Based on the company's Medium-Term Management Plan (fiscal years 2014–2016), disclosed on 9 May 2014, the company plans to further strengthen its financial position by diversifying funding methods, shortening the collection period for construction payments and reducing interest-bearing debt within the range of cash flow.」
The company has reiterated, with the same content, its policy of strengthening its financial position by diversifying funding methods, shortening collection periods and reducing interest-bearing debt under the Medium-Term Management Plan. - FY2016First statedAnnual report
「Based on our medium-term management plan for fiscal 2014–2016, we will further strengthen our financial position by diversifying funding sources, shortening the collection period for construction receivables and reducing interest-bearing debt within the range of cash flow.」
The financial policy under the fiscal 2014–2016 medium-term management plan included diversifying funding sources, shortening collection periods and reducing interest-bearing debt.