Safety-Focused Investment of Funds and Financing through Bank Borrowings
First written in FY2016. 5 of 26 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 4 of 30 companies on the "Worse" side.
11 other companies' latest entry also says "Other".
- FY2026-H1Long-Term Funding Executed through Bond IssuanceAnnual report
「The material contracts, etc. during the current interim consolidated accounting period were as follows. Loan agreements or bonds with financial covenants Name Open Up Group Inc. 1st Unsecured Bond (with a pari passu covenant limited to bonds) Total amount of bonds ¥5,000 million Issue date 11 December 2025 Maturity date 11 December 2028 Bond interest rate 1.699% per annum」
On 11 December 2025, the Company issued ¥5.0 billion of unsecured bonds, raising funds with a maturity date of 11 December 2028. - FY2025-H1Change in funding structure due to increased borrowingsAnnual report
「Liabilities at the end of the current interim consolidated accounting period increased by ¥4,630 million, or 10.7%, from the end of the previous consolidated fiscal year to ¥47,849 million. The main changes included an increase of ¥4,655 million in borrowings under current liabilities, an increase of ¥1,090 million in other financial liabilities under current liabilities, an increase of ¥1,045 million in other current liabilities, and a decrease of ¥1,143 million in accrued personnel expenses.」
Under a funding policy prioritizing financial security and relying on bank borrowings and other sources, borrowings under current liabilities increased by ¥4,655 million at the end of the interim period. - FY2024MitigatedAnnual report
「Interest-bearing debt ¥7,990 million Cash and cash equivalents ¥21,506 million Net interest-bearing debt (¥13,515 million)」
While interest-bearing debt includes lease liabilities, cash and cash equivalents increased to ¥21,506 million, resulting in net interest-bearing debt of negative ¥13,515 million. - FY2023MitigatedAnnual report
「Interest-bearing debt ¥7,054 million Cash and cash equivalents ¥16,077 million Net interest-bearing debt (¥9,022 million)」
Interest-bearing debt decreased from ¥7,488 million in the previous fiscal year to ¥7,054 million, while cash and cash equivalents stood at ¥16,077 million. Net interest-bearing debt became more negative. - FY2023-Q3Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥293 million, or 0.9%, from the end of the previous consolidated fiscal year to ¥32,883 million. The main changes included decreases of ¥491 million in other financial liabilities under current liabilities, ¥489 million in other financial liabilities under non-current liabilities, ¥477 million in trade and other payables, and ¥401 million in bonds and borrowings under non-current liabilities, as well as an increase of ¥1,634 million in bonds and borrowings under current liabilities.」
While total liabilities decreased, bonds and borrowings under current liabilities increased by ¥1,634 million, and bonds and borrowings under non-current liabilities decreased by ¥401 million. - FY2023-Q2WorsenedAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥1,534 million, or 4.6%, from the end of the previous consolidated fiscal year to ¥34,711 million. The main changes included an increase of ¥1,960 million in bonds and borrowings under current liabilities, an increase of ¥615 million in trade and other payables, and a decrease of ¥505 million in other financial liabilities under non-current liabilities.」
Bonds and borrowings under current liabilities increased by ¥1,960 million from the end of the previous consolidated fiscal year, expanding funding exposure centered on short-term liabilities. - FY2023-Q1Increase in short-term borrowingsAnnual report
「The main changes were an increase of ¥1,701 million in bonds and borrowings under current liabilities, an increase of ¥1,258 million in other financial liabilities under current liabilities, a decrease of ¥860 million in current income tax payable, and a decrease of ¥743 million in trade and other payables.」
At the end of the current quarter, bonds and borrowings under current liabilities increased by ¥1,701 million, indicating an increase in short-term funding. - FY2022-Q3Expanded commitment line facilitiesAnnual report
「Total overdraft facility limit and commitment line agreements ¥9,350 million ¥33,500 million Drawn balance ¥100 million － Net amount ¥9,250 million ¥33,500 million」
The total overdraft and commitment line facilities expanded from ¥9,350 million at the end of the previous consolidated fiscal year to ¥33,500 million. The drawn balance was zero at the end of the third quarter. - FY2022-Q2Expanded commitment line facilities and drew down borrowingsAnnual report
「Total overdraft facility limit and commitment line agreements ¥9,350 million ¥28,600 million Drawn balance ¥100 million ¥1,000 million Net amount ¥9,250 million ¥27,600 million」
The total overdraft and commitment line facilities expanded from ¥9,350 million at the end of the previous consolidated fiscal year to ¥28,600 million, and the drawn balance was ¥1,000 million at the end of the current quarter. - FY2022-Q1Expanded overdraft and commitment line facilitiesAnnual report
「Total overdraft facility limit and commitment line agreements ¥9,350 million ¥26,600 million Drawn balance ¥100 million － Net amount ¥9,250 million ¥26,600 million」
The total overdraft and commitment line facilities expanded from ¥9,350 million at the end of the previous consolidated fiscal year to ¥26,600 million, and the drawn balance was zero at the end of the current quarter. - FY2021Expanded funding capacity and drew down borrowingsAnnual report
「Total overdraft facility limit and commitment line agreements ¥9,350 million Drawn balance ¥100 million」
The total overdraft and commitment line facilities expanded from ¥7,000 million in the previous fiscal year to ¥9,350 million, and the drawn balance was ¥100 million at the end of the current fiscal year. - FY2021-Q3Expanded overdraft and commitment line facilities to ¥9.0 billionAnnual report
「The Company has entered into overdraft and commitment line agreements with its transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows. Total overdraft facility limit and commitment line agreements ¥9,000 million Drawn balance －」
The total overdraft and commitment line facilities expanded from ¥7.0 billion at the end of the previous consolidated fiscal year to ¥9.0 billion. There was no drawn balance. - FY2021-Q1RestatedAnnual report
「The Company has entered into overdraft and commitment line agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
The Company maintained overdraft and commitment line agreements with 3 transaction banks. The total facilities amounted to ¥7,000 million, with no drawn balance. - FY2020ReframedAnnual report
「The Company's working capital and other funds are generally financed through the collection of trade receivables, but its policy is to use direct and indirect financing as appropriate to the circumstances.」
In addition to the previous explanation centered on bank borrowings and bonds, the Company stated that working capital is generally financed through the collection of trade receivables, while direct and indirect financing are used as appropriate to the circumstances. - FY2020-Q2Expanded funding capacity through an additional commitment lineAnnual report
「The Company has entered into overdraft and commitment line agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows. Total overdraft facility limit and commitment line agreements ¥4,000 million ¥7,000 million Drawn balance － －」
While maintaining its agreements with 3 transaction banks, the Group expanded the total overdraft and commitment line facilities from ¥4.0 billion at the end of the previous consolidated fiscal year to ¥7.0 billion. There was no drawn balance. - FY2020-Q1RestatedAnnual report
「The Company has entered into overdraft agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
The Company maintained overdraft agreements with 3 transaction banks. The total facility limit was ¥4.0 billion and the drawn balance was ¥0. - FY2019MitigatedAnnual report
「Borrowings and bonds are primarily used to finance acquisitions, and their redemption dates are after the balance-sheet date and no more than 5 years later. Although they are exposed to interest rate and liquidity risks, interest rate risk is limited because all borrowings other than short-term borrowings carry fixed interest rates.」
The long-term borrowings were repaid and the balance fell to zero, while the maximum maturity, including bonds, became 5 years. The explanation that interest rate risk is limited has continued. - FY2019-Q3RestatedAnnual report
「The Company has entered into overdraft agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
The Company maintained overdraft agreements with 3 transaction banks. The total overdraft limit was ¥4.0 billion and the drawn balance was ¥0. - FY2019-Q2RestatedAnnual report
「The Company has entered into overdraft agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
The Company maintained overdraft agreements with 3 transaction banks. The total overdraft limit was ¥4.0 billion and the drawn balance was ¥0. - FY2019-Q1SoftenedAnnual report
「The Company has entered into overdraft agreements with 3 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
The overdraft facilities were reduced from 4 transaction banks with a total limit of ¥5.3 billion to 3 transaction banks with a total limit of ¥4.0 billion. The drawn balance was ¥0. - FY2018-Q3Expanded overdraft facilities and drew down borrowingsAnnual report
「The Company has entered into overdraft agreements with 4 transaction banks to obtain working capital efficiently. The undrawn balances under these agreements are as follows.」
Under overdraft agreements with 4 transaction banks, the total facility limit was ¥5.3 billion and the drawn balance was ¥2.0 billion. - FY2018-Q2Borrowed acquisition funding and exercised share acquisition rightsAnnual report
「The main sources of funds were ¥2,000 million borrowed in connection with the acquisition of shares in a subsidiary and ¥827 million in proceeds from the issuance of shares upon the exercise of share acquisition rights. The main uses of funds were ¥150 million for the repayment of long-term borrowings, ¥98 million for bond redemptions and ¥581 million for dividend payments.」
Under the existing funding policy, which includes bank borrowings, the Group borrowed ¥2,000 million to acquire 1998 Holdings Limited and raised ¥827.09 million through the exercise of share acquisition rights. - FY2017ReframedAnnual report
「The Group obtains necessary funds through bank borrowings and bond issuances. It uses derivatives to avoid the risks described below and has a policy of not conducting speculative transactions.」
The funding policy was reorganized to explicitly add bond issuances to the previous explanation centered on bank borrowings. - FY2017-Q3RestatedAnnual report
「Borrowings increased in connection with bringing MTrec Limited and フュージョンアイ into the scope of consolidation, while part of the existing borrowings was repaid with proceeds from a bond issuance.」
The disclosure describes an increase in borrowings associated with bringing both companies into the scope of consolidation and the partial repayment of existing borrowings using proceeds from a bond issuance. - FY2017-Q2Raised funds through a bond issuanceAnnual report
「The main sources of funds were ¥2,000 million borrowed in connection with the acquisition of shares in a subsidiary and ¥1,379 million in proceeds from the issuance of bonds. The main uses of funds were ¥2,239 million for the repayment of short-term borrowings and ¥483 million for dividend payments.」
The Group borrowed funds to finance the acquisition of MTrec Limited and also raised funds through a bond issuance. - FY2016First statedAnnual report
「The Group limits the investment of funds to highly secure financial assets such as deposits. It obtains necessary funding through bank borrowings. The Group does not use derivatives and has a policy of avoiding speculative transactions.」
The Group limits cash investments to highly secure financial assets and primarily relies on bank borrowings for funding.