Seasonal working capital needs and dependence on bank borrowings
First written in FY2017. 5 of 16 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Capital expenditures for new gas supply facilities and manufacturing facilities in the water business, as well as working capital, have primarily been funded with internal funds generated by operating cash flow, and no new funding has been raised. In addition, since currently planned capital expenditures are expected to be payable with internal funds, there are no plans to raise funds through borrowings or other means.」
It was explicitly stated that capital expenditures and working capital are funded with internal funds generated by operating cash flow and that no new borrowings are planned. - FY2025-H1MitigatedAnnual report
「Long-term borrowings ¥25 million —」
Long-term borrowings fell from ¥25 million at the end of the previous consolidated fiscal year to nil, reducing exposure to borrowings. - FY2024-Q3MitigatedAnnual report
「Liabilities decreased by ¥366 million from the end of the previous consolidated fiscal year to ¥7,282 million. This was mainly due to a decrease of ¥296 million in borrowings, among other factors.」
Borrowings decreased by ¥296 million from the end of the previous consolidated fiscal year, reducing exposure to financing through bank borrowings. - FY2024-Q2MitigatedAnnual report
「This was mainly due to decreases of ¥341 million in accounts payable and ¥220 million in borrowings, among other factors.」
Borrowings decreased by ¥220 million from the end of the previous consolidated fiscal year, reducing exposure to financing through borrowings. - FY2023MitigatedAnnual report
「Fixed liabilities stood at ¥2,476 million, a decrease of ¥405 million from the previous consolidated fiscal year. This mainly reflected a ¥351 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥351 million, reducing exposure to financing through bank borrowings from the end of the previous fiscal year. - FY2023-Q3Decrease in borrowingsAnnual report
「Liabilities decreased by ¥1,200 million from the end of the previous consolidated fiscal year to ¥7,610 million. This was mainly due to decreases of ¥438 million in income taxes payable and ¥366 million in borrowings, among other factors.」
Borrowings decreased by ¥366 million from the end of the previous consolidated fiscal year, indicating a change in the financing structure using bank borrowings. - FY2022Reduction in overdraft facility to ¥4,000 millionAnnual report
「Overdraft facility limit ¥7,000 million ¥4,000 million Drawn balance — —」
The overdraft facility limit decreased from ¥7,000 million in the previous fiscal year to ¥4,000 million, and the drawn balance at the end of the current consolidated fiscal year was disclosed as nil. - FY2022-Q3Short-term borrowings recordedAnnual report
「Short-term borrowings － 600,000」
Short-term borrowings, which had no balance at the end of the previous consolidated fiscal year, were recorded at ¥600 million at the end of the third quarter of the current consolidated fiscal year. - FY2022-Q2Increase in borrowingsAnnual report
「Liabilities increased by ¥458 million from the end of the previous consolidated fiscal year to ¥8,799 million. This was mainly due to an increase of ¥543 million in borrowings, among other factors.」
Borrowings increased by ¥543 million from the end of the previous consolidated fiscal year, confirming the financing structure using bank borrowings in the current quarter as well. - FY2022-Q1Short-term borrowings increasedAnnual report
「Liabilities increased by ¥228 million from the end of the previous consolidated fiscal year to ¥8,569 million. This was mainly due to a ¥312 million decrease in accounts payable and an ¥800 million increase in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥800 million from the end of the previous consolidated fiscal year, confirming the financing structure using bank borrowings in the current quarter as well. - FY2021Increase in overdraft facility to ¥7,000 millionAnnual report
「Overdraft facility limit ¥7,000 million Drawn balance — Available amount ¥7,000 million」
The overdraft facility limit increased from ¥4,000 million in the previous fiscal year to ¥7,000 million, and the drawn balance at the end of the current fiscal year was disclosed as nil. - FY2021-Q3RestatedAnnual report
「Liabilities increased by ¥1,410 million from the end of the previous consolidated fiscal year to ¥9,930 million. This was mainly due to an increase of ¥1,468 million in borrowings, among other factors.」
The disclosed ¥1,468 million increase in borrowings confirms a financing structure that uses bank borrowings. - FY2021-Q2RestatedAnnual report
「Liabilities increased by ¥1,156 million from the end of the previous consolidated fiscal year to ¥9,675 million. This was mainly due to an increase of ¥1,678 million in borrowings, among other factors.」
The disclosed ¥1,678 million increase in borrowings confirms a financing structure that uses bank borrowings. - FY2020RestatedAnnual report
「As LP gas consumption declines relatively during the summer due to seasonal factors, working-capital needs arise for cash-flow management purposes. …We primarily finance these needs through bank borrowings.」
Seasonal working-capital needs in summer and continued dependence on bank borrowings are disclosed. - FY2019RestatedAnnual report
「As LP gas consumption declines relatively during the summer due to seasonal factors, working-capital needs arise for cash-flow management purposes. …We primarily finance these needs through bank borrowings.」
The seasonal working-capital needs arising in summer and continued dependence on bank borrowings and overdraft facilities for funding are disclosed. - FY2017First statedAnnual report
「As LP gas consumption declines relatively during the summer due to seasonal factors, working-capital needs arise for cash-flow management purposes. …We primarily finance these needs through bank borrowings.」
The structure of primarily financing seasonal summer working-capital needs and funding needs, including the acquisition of business rights and capital expenditures, through bank borrowings is disclosed as risk exposure.