Low-cost, stable funding and group finance
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.
71 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For working capital and investment funds, the Group first uses funds generated from operating cash flow, and raises any shortfall through borrowings from financial institutions, bond issuance, asset sales, and other means.」
The company continues its policy of low-cost, stable funding by combining operating cash flow, asset sales, borrowings, bonds, and CMS. - FY2024AdvancedAnnual report
「For external funding, the company will seek to secure funds at low cost and on a stable basis while considering the balance between long-term and short-term funding, with a target debt-to-equity ratio of 0.5 or lower.」
In addition to low-cost, stable funding, the company presents a debt-to-equity ratio of 0.5 or lower, asset sales, and group financing including CMS as specific financial management criteria. - FY2023AdvancedAnnual report
「During the consolidated fiscal year, the company completed its first funding through green bonds. It will continue to pursue funding that incorporates an SDG perspective for the funds required for the Group’s material issues.」
In addition to its traditional borrowings, bonds, commitment lines, and group financing, the company completed its first funding through green bonds. - FY2021RestatedAnnual report
「In addition to its cash and cash equivalents, the company has entered into commitment line and overdraft agreements totaling ¥20 billion with financial institutions, securing sufficient liquidity.」
The company continues to secure low-cost, stable funding and liquidity through long- and short-term borrowings, bonds, group financing, and a ¥20 billion commitment line, among other sources. - FY2020AdvancedAnnual report
「To mitigate funding risk, the company has entered into commitment line agreements totaling ¥20 billion with financial institutions and secured funding capacity. In addition, given the uncertain future economic and financial impact of COVID-19, it raised ¥10 billion in new funding in June 2020 to prepare for unforeseen circumstances and increase on-hand liquidity.」
In addition to its traditional bonds, borrowings, and group financing, the company discloses a ¥20 billion commitment line and ¥10 billion of new funding raised in June 2020. - FY2019AdvancedAnnual report
「Since the fiscal year ended March 2019, the company has issued bonds to diversify its funding sources. For external funding, it seeks to secure funds at low cost and on a stable basis while considering the balance between long-term and short-term funding.」
In addition to traditional bank borrowings and group financing, the company has issued bonds since the fiscal year ended March 2019, diversifying its funding sources. - FY2017RestatedAnnual report
「From a funding cost perspective, the company seeks to secure funds at low cost and on a stable basis while considering the balance between long-term and short-term funding. It has also introduced a group financing system to improve funding efficiency and reduce financial expenses at Group companies.」
The company continues to describe the balance between long- and short-term borrowings, low-cost and stable funding, and improved funding efficiency through group financing. - FY2016First statedAnnual report
「From a funding cost perspective, the company seeks to secure funds at low cost and on a stable basis while considering the balance between long-term and short-term funding. It has also introduced a group financing system to improve funding efficiency and reduce financial expenses at Group companies.」
The company continues to present the maturity profile of funding, funding costs, and intra-group funding efficiency as its financial policy.