Diversification of funding, including equity financing
First written in FY2023. 2 of 5 entries say "Restated". Latest entry: FY2026.
44 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The required funds are raised through internal funds, borrowings from financial institutions and bond issuance, with funding terms reviewed and determined for each project.」
The policy of combining internal funds, borrowings and bond issuance on a project-by-project basis is reaffirmed. - 2026-05-28ReframedOther Disclosures
「Financial management balancing offense and defense: maintain an equity ratio in the low-20% range, use D/E of 3.0 as a guideline, and maintain stable dividends」
The company has broadened its presentation from diversification of financing methods to financial discipline combining the equity ratio, D/E ratio and stable dividends. - FY2025RestatedAnnual report
「The required funds are raised through internal funds, borrowings from financial institutions and bond issuance, with funding terms reviewed and determined for each project.」
The policy of combining internal funds, borrowings and bond issuance by project is reaffirmed. - FY2025-H1AdvancedAnnual report
「In addition, a third-party allotment with a payment date of 9 May 2024 increased the number of the Company’s common shares by 70,100 and increased capital stock and capital surplus by ¥30,338 thousand each.」
After setting out funding diversification as a policy, the Company conducted a public offering and third-party allotment and received ¥1,175,061 thousand from share issuance. - FY2023First statedAnnual report
「To contain these one-time expenses and prepare for a future period of rising interest rates, the Company will consider diversifying funding sources, including equity financing.」
Given dependence on financial-institution borrowings, structuring fees and future interest-rate increases, the Company identified diversification of funding sources including equity financing as an issue.