Funding and Liquidity Risks Associated with Continued Capital Investment
First written in FY2016. 19 of 30 entries say "Restated". Latest entry: 2026-07-28.
The whole theme swung hardest in 2025: 16 of 29 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Total borrowings: ¥12.0 billion. Borrowing period: December 2025 to January 2027, with long-term refinancing planned after the scheduled end of this borrowing period. Use of funds: funding for a containerized data center scheduled for completion in fiscal 2025, a generator building and related costs.」
The Company secured ¥12.0 billion in unsecured, unguaranteed borrowings for a containerized data center and a generator building, establishing a concrete source of funding for capital expenditures. - 2026-04-27WorsenedResults briefing materials
「Current assets: Cash and deposits decreased due to payments for liabilities related to equipment investment for generative AI services Liabilities: Liabilities decreased due to the above payments, while lease obligations and borrowings increased」
Investment in generative AI equipment reduced cash and deposits, while lease obligations and borrowings increased. - FY2026-H1MitigatedAnnual report
「Total borrowings: ¥13.0 billion. Borrowing period: August 2025 to December 2028. Use of funds: equipment investment for services targeting generative AI.」
The Company entered into an unsecured, unguaranteed borrowing agreement totaling ¥13.0 billion for equipment investment for generative AI services, covering the period from August 2025 to December 2028, securing financing capacity for growth investments. At the end of the interim period, cash and cash equivalents stood at ¥10,784 million and interest-bearing debt at ¥32,497 million. - FY2025MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥23,658 million, while cash and cash equivalents stood at ¥29,489 million.」
Financing for growth investments progressed through a public offering, borrowings for GPU cloud services and leases for capital expenditures. Cash and cash equivalents at the end of the fiscal year stood at ¥29,489 million. - FY2025-H1MitigatedAnnual report
「The main factors were proceeds from the issuance of shares, together with borrowings for equipment investment for the GPU cloud service and for large-scale projects of Group companies.」
Supported by a public offering and borrowings for GPU cloud service equipment and other purposes, net cash provided by financing activities for the interim period was ¥23,582 million. At the end of the interim period, cash and cash equivalents stood at ¥29,649 million and interest-bearing debt at ¥18,926 million, demonstrating concrete financing capacity for growth investments. - FY2024MitigatedAnnual report
「Based on the commitment-based syndicated term loan agreement, with a maximum amount of ¥8,000 million, entered into on 12 January 2024, the Company drew down the loan on 7 June 2024. Loan amount: ¥5,600 million.」
Under a commitment-based term loan agreement with a maximum amount of ¥8,000 million, the Company drew down ¥5,600 million to fund equipment investment for the GPU cloud service and related purposes. It also raised funds through a public offering, making its financing methods more concrete. - FY2024-Q3MitigatedAnnual report
「For equipment investment for the GPU cloud service, the Company entered into a commitment-based syndicated loan agreement on 12 January 2024 with an aggregate amount of ¥8,000 million. It subsequently drew down ¥1,600 million on 31 January 2024.」
The Company entered into an ¥8,000 million borrowing facility for equipment investment for the GPU cloud service and drew down ¥1,600 million. The disclosure confirms that financing capacity for capital expenditures has been secured. - FY2024-Q2RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities remains in place. At the end of the second quarter, interest-bearing debt stood at ¥10,292 million and cash and cash equivalents at ¥4,484 million. - FY2024-Q1RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company. At the end of the first quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥10,377 million, while cash and cash equivalents stood at ¥4,829 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities remains in place. At the end of the first quarter, interest-bearing debt stood at ¥10,376,724 thousand and cash and cash equivalents at ¥4,828,643 thousand. - FY2023RestatedAnnual report
「We aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities remains in place. At the end of the fiscal year, interest-bearing debt stood at ¥9,582 million and cash and cash equivalents at ¥4,811 million. - FY2023-Q3RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company. For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, borrowings and leases, thereby securing the funds necessary for business operations on a stable basis. We will assess growth investments while ensuring further cash flow generation through improved equipment efficiency and maintaining financial soundness. At the end of the third quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥9,527 million, while cash and cash equivalents stood at ¥4,258 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities, together with the financing policy based primarily on internal funds, borrowings and leases, remains in place. Interest-bearing debt was updated to ¥9,527,370 thousand and cash and cash equivalents to ¥4,257,896 thousand. - FY2023-Q2RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company. For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, borrowings and leases, thereby securing the funds necessary for business operations on a stable basis. We will assess growth investments while ensuring further cash flow generation through improved equipment efficiency and maintaining financial soundness. At the end of the second quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥10,409 million, while cash and cash equivalents stood at ¥4,695 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities, together with the financing policy based primarily on internal funds, borrowings and leases, remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the second quarter. - FY2022RestatedAnnual report
「We aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales, securing emergency financing facilities, and financing through internal funds, borrowings and leases remains in place. At the end of the fiscal year, interest-bearing debt stood at ¥11,552 million and cash and cash equivalents at ¥5,453 million. - FY2022-Q3RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, borrowings and leases, thereby securing the funds necessary for business operations on a stable basis. We will assess growth investments while ensuring further cash flow generation through improved equipment efficiency and maintaining financial soundness. At the end of the third quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥10,938 million, while cash and cash equivalents stood at ¥3,463 million.」
The financing policy based primarily on internal funds, borrowings and leases, together with the policy of assessing growth investments while maintaining financial soundness, remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the third quarter. - FY2022-Q2RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company. For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, borrowings and leases, thereby securing the funds necessary for business operations on a stable basis. We will assess growth investments while ensuring further cash flow generation through improved equipment efficiency and maintaining financial soundness. At the end of the second quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥11,449 million, while cash and cash equivalents stood at ¥4,239 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities, together with the financing policy based primarily on internal funds, borrowings and leases, remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the second quarter. - FY2022-Q1RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks arising from various changes in the environment surrounding the Company. At the end of the first quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥12,021 million, while cash and cash equivalents stood at ¥4,145 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities, together with the financing policy based primarily on internal funds, borrowings and leases, remains in place. Balances were updated to interest-bearing debt of ¥12,020,932 thousand and cash and cash equivalents of ¥4,144,561 thousand. - FY2021-Q2RestatedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks. For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, borrowings and leases, thereby securing the funds necessary for business operations on a stable basis. We will assess growth investments while ensuring further cash flow generation through improved equipment efficiency and maintaining financial soundness. At the end of the second quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥14,889 million, while cash and cash equivalents stood at ¥4,155 million.」
The policy of maintaining cash on hand equivalent to approximately 2 months of monthly sales and securing emergency financing facilities, together with the financing policy based primarily on internal funds, borrowings and leases, remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the second quarter. - FY2021-Q1ReframedAnnual report
「With regard to the allocation of funds within the Group, we aim to maintain appropriate cash on hand equivalent to approximately 2 months of monthly sales, while securing financing facilities such as borrowings to address emergency funding needs and risks.」
In addition to the existing policy of stable financing through internal funds, borrowings and leases, the company specified a target of maintaining cash on hand equivalent to approximately 2 months of monthly sales, emergency financing facilities, and investment decisions based on improved equipment efficiency and financial soundness. - FY2020-Q3RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the third quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥15,319 million, while cash and cash equivalents stood at ¥4,628 million.」
The financing policy based primarily on internal funds, leases and borrowings remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the third quarter. - FY2020-Q2RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the second quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥15,100 million, while cash and cash equivalents stood at ¥4,301 million.」
The financing policy based primarily on internal funds, leases and borrowings remains in place. Interest-bearing debt and cash balances were updated to the figures at the end of the second quarter. - FY2020-Q1RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the first quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥15,762 million, while cash and cash equivalents stood at ¥4,141 million.」
The financing policy based primarily on internal funds, leases and borrowings remains in place. Interest-bearing debt and cash balances were updated. - FY2019RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥16,220 million, while cash and cash equivalents stood at ¥5,505 million.」
The policy of funding capital expenditures and related needs through internal funds, leases and borrowings remains in place. Interest-bearing debt and cash balances were updated to the full-year figures. - FY2019-Q3RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the third quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥13,339 million, while cash and cash equivalents stood at ¥3,382 million.」
The policy of funding capital expenditures and related needs through internal funds, leases and borrowings remains in place, ensuring stable access to the funds required. Interest-bearing debt and cash balances were updated. - FY2019-Q2RestatedAnnual report
「For financing, short-term working capital for bonuses, tax payments and other purposes is funded primarily through internal funds and borrowings, while capital expenditure and long-term working capital are funded primarily through internal funds, leases and borrowings, thereby securing the funds necessary for business operations on a stable basis. At the end of the second quarter of the current fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥12,916 million, while cash and cash equivalents stood at ¥3,963 million.」
The policy of funding capital expenditures through internal funds, leases and borrowings remains in place, ensuring stable access to the funds required. Interest-bearing debt stood at ¥12,916 million and cash and cash equivalents at ¥3,963 million. - FY2019-Q1RestatedAnnual report
「The Company seeks to ensure a stable supply of funds necessary for business operations by principally using internal funds, leases and borrowings to finance capital expenditure and long-term working capital. At the end of the first quarter of the current consolidated fiscal year, interest-bearing liabilities, including borrowings and lease obligations, totaled ¥12,658.780 million, while cash and cash equivalents totaled ¥4,068.220 million.」
The policy of funding continued investment in data centers and other facilities through internal funds, leases and borrowings, thereby securing the funds needed on a stable basis, remains in place. Interest-bearing debt and cash balances were also reported. - FY2018RestatedAnnual report
「The Company plans to continue investing in data center expansion and new service development, among other areas, and intends to strengthen its financial position to enable stable funding.」
The need for continued investment in data center equipment and networks, and for stable funding through internal funds, leases and borrowings, continues. - FY2017RestatedAnnual report
「The Company plans to continue investing in data center expansion and new service development, among other areas, and intends to strengthen its financial position to enable stable funding.」
The need for continued investment in data center expansion and new service development, and for stable funding including borrowings and leases, continues. - FY2016First statedAnnual report
「The Company plans to continue investing in data center expansion and new service development, among other areas, and intends to strengthen its financial position to enable stable funding.」
On the assumption that capital expenditure will continue to be financed through borrowings and leases, the Company identifies the risk that market fluctuations may make funding more difficult and increase funding costs.