Funding policy based on the cost of capital, equity ratio and other factors
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3AdvancedAnnual report
「Payment was completed on 11 January 2023. Through this third-party allotment, 300,000 of the company’s common shares were allocated to ＮＥＣネッツエスアイ and 85,000 to 岩崎通信機. The funds raised through this third-party allotment will be used for software development investment, capacity expansion, marketplace development, and infrastructure development in the cloud services business, including CPaaS, to strengthen the business foundation and support business expansion and growth.」
Payment for the third-party allotment was completed, and 385,000 shares were issued. The capital policy was implemented by allocating the funds raised to development investment, capacity expansion, and marketplace development for cloud services, including CPaaS. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 December 2021, the company resolved to issue new shares, and payment was completed on 12 January 2022. As a result, the number of shares issued increased by 80,000.」
The resolution to issue 80,000 new shares and completion of payment were disclosed, and the capital raising was carried out. - FY2021RestatedAnnual report
「Going forward, in selecting funding methods, we will comprehensively consider the cost of capital, the financing environment and terms, the equity ratio, and the level of cash and cash equivalents, and will use the method considered most conducive to enhancing long-term corporate value.」
The financial policy of comprehensively considering the cost of capital, financing environment, equity ratio, cash and cash equivalents, and other factors has been reconfirmed. - FY2020RestatedAnnual report
「Going forward, in selecting funding methods, we will comprehensively consider the cost of capital, the financing environment and terms, the equity ratio, and the level of cash and cash equivalents, and will use the method considered most conducive to enhancing long-term corporate value.」
The funding policy of considering the cost of capital, equity ratio, financing environment, cash and cash equivalents, and other factors has been reconfirmed. - FY2020-Q3AdvancedAnnual report
「For this financing, we believe that direct financing is appropriate rather than borrowing from financial institutions, which would increase costs through interest expense.」
The company has specified a policy of issuing 500,000 new shares through a third-party allotment and raising approximately ¥821 million in net proceeds. From January 2020 through March 2023, the funds will be used for working capital for local 5G, CPaaS, cloud services, and large-scale projects. - FY2019RestatedAnnual report
「Going forward, in selecting funding methods, we will comprehensively consider the cost of capital, the financing environment and terms, the equity ratio, and the level of cash and cash equivalents, and will use the method considered most conducive to enhancing long-term corporate value.」
The financial policy of comprehensively considering the cost of capital, equity ratio, financing environment, cash and cash equivalents, and other factors has been reconfirmed. - FY2018First statedAnnual report
「The basic policy of our group’s financial strategy is to secure the optimal financing for its asset composition and investments. At present, working capital and capital expenditure are funded with internal funds or borrowings from financial institutions, mainly on a long-term basis. Going forward, in selecting funding methods, we will comprehensively consider the cost of capital, the financing environment and terms, the equity ratio, and the level of cash and cash equivalents, and will use the method considered most conducive to enhancing long-term corporate value.」
This is the first explicit statement of a financial policy that considers the cost of capital, equity ratio, cash and cash equivalents, and other factors comprehensively when raising funds in line with the asset composition and investment content.