Conservative Investment and Predominantly Internal Funding
First written in FY2016. 6 of 12 entries say "Reframed", first in FY2018. Latest entry: 2026-11-12.
Oisix moved to the "Worse" side of this theme in 2018, 7 years before the typical company in this theme (2025).
0 other companies' latest entry also says "Mitigated".
- FY2025AdvancedAnnual report
「The group currently finances working capital, in principle, with cash on hand, including retained earnings and other internally retained funds, and short-term borrowings under overdraft facilities. For capital expenditures, it considers raising long-term borrowings if cash on hand is insufficient under its capital investment plan.」
While maintaining its policy of relying primarily on retained earnings and cash on hand, the company has financed operations throughout the year by combining overdrafts and long-term borrowings. Proceeds from long-term borrowings totaled ¥8,228 million. - FY2025-H1AdvancedAnnual report
「Funds provided by financing activities totaled ¥5,255 million. This primarily comprised a net increase in short-term borrowings of ¥590 million, proceeds of ¥7,360 million from long-term borrowings, ¥2,311 million used to acquire treasury shares and ¥628 million used to repay lease liabilities.」
The shift from financing centered on internally generated funds and retained earnings to financing that also uses external borrowings has continued, and the company recorded ¥7,360 million in proceeds from long-term borrowings during the interim consolidated accounting period. - FY2023-Q3AdvancedAnnual report
「At a meeting of its Board of Directors held on 26 January 2023, the company resolved to borrow funds and carried out the borrowing as follows: (1) Purpose: working capital; (2) Lender: Sumitomo Mitsui Trust Bank; (3) Amount: ¥3,000 million; (4) Interest rate: base rate plus spread; (5) Drawdown date: 1 February 2023; (6) Term: 28 April 2023 (renewed from time to time); (7) Collateral: none.」
Following the acquisition of Shidax shares and other transactions, the company has continued to move away from its policy of relying primarily on internally generated funds and retained earnings by drawing down an unsecured loan of ¥3,000 million for working capital. - FY2023-Q1ReframedAnnual report
「To offset the decline in cash on hand expected from the acquisition of shares in Shidax Co., Ltd., as described under “Acquisition of investment securities,” the company increased the limit of its overdraft facility with Norinchukin Bank to ¥5,000 million, entered into a new overdraft facility with a limit of ¥3,000 million with Kiraboshi Bank, Ltd., and raised a total of ¥4,000 million from both banks on 29 July 2022, as follows.」
In contrast to its previous policy of relying primarily on cash on hand and retained earnings, the company expanded and newly established overdraft facilities to offset the decline in funds associated with the acquisition of Shidax shares, borrowing a total of ¥4 billion. Its financing has expanded to include borrowings for large-scale strategic investments. - FY2021-Q1ReframedAnnual report
「The increases in share capital and capital surplus resulted from public offerings and third-party allotments associated with secondary offerings through an over-allotment option, among other transactions.」
In contrast to its previous policy of relying primarily on retained earnings and cash on hand, the company raised external funds through a public offering and a third-party allotment associated with an over-allotment option. - FY2020-Q1ReframedAnnual report
「At a meeting of its Board of Directors held on 26 June 2019, the company resolved to issue new shares through a third-party allotment to YAMATO HOLDINGS CO.,LTD. (hereinafter, “YAMATO HD”) and the Agriculture, Forestry and Fisheries Fund Corporation (hereinafter, “A-FIVE”), and received payment from A-FIVE on 16 July 2019 and from YAMATO HD on 17 July 2019.」
In addition to its policy of relying primarily on internally generated funds, the company carried out external financing through a third-party allotment to YAMATO HD and A-FIVE. The funds raised were scheduled to be used for capital investment to build a network covering the entire food distribution supply chain. - FY2018ReframedAnnual report
「The group currently finances working capital, in principle, with cash on hand, including retained earnings and other internally retained funds. For capital expenditures, it considers raising long-term borrowings if cash on hand is insufficient under its capital investment plan. If capital investment projects continue to arise or a large-scale project arises, it will consider financing options including a public offering, with a focus on strengthening its long-term financial position.」
While maintaining its policy of relying primarily on internally generated funds, the company identifies long-term borrowings when funds are insufficient for capital expenditures and a public offering for large-scale investments as financing options. - FY2016First statedAnnual report
「The company invests surplus funds in highly secure financial assets and does not engage in speculative transactions. In principle, it finances working capital and capital expenditures with internally generated funds.」
This is described as the continuing policy for investing surplus funds and financing working capital and capital expenditures.