Funding and Liquidity Policy Centered on Internal Funds
First written in FY2019. 11 of 25 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-10-09.
2 other companies' latest entry also says "Reframed".
- 2026-10-09ReframedManagement Planning
「中期経営計画期間における利益成長を踏まえ、配当を再開。配当の実施にあたっては、配当性向30%以上を基本方針とする。」
自己資金・手許キャッシュを重視する資金方針に、成長投資及び財務健全性との両立を前提とした配当再開と配当性向30%以上の方針を加えている。 - FY2027-H1AdvancedAnnual report
「Cash and cash equivalents (hereinafter, “funds”) at the end of the current interim accounting period amounted to ¥2,389 million, an increase of ¥558 million from the end of the previous interim accounting period.」
Cash and cash equivalents increased ¥558 million from the end of the same period of the previous year to ¥2,389 million, mainly due to proceeds from the sale of TTG shares and other factors. - FY2026AdvancedAnnual report
「During the fiscal year, the Company repaid ¥168 million in bonds and borrowings, while positive free cash flow of ¥110 million and ¥146 million in proceeds from the issuance of bonds resulted in cash and cash equivalents of ¥1,797 million at the end of the fiscal year, an increase of ¥89 million from the end of the previous fiscal year.」
While making repayments, the Company secured cash and cash equivalents of ¥1,797 million and a current ratio of 360% through positive free cash flow of ¥110 million and ¥146 million raised through the issuance of bonds. - FY2026-H1AdvancedAnnual report
「Net cash provided by financing activities was ¥62 million, compared with an outflow of ¥89 million in the same period of the previous year. This mainly reflected cash outflows including ¥28 million for the repayment of long-term borrowings and ¥50 million for the redemption of bonds, offset by cash inflows including ¥146 million in proceeds from the issuance of bonds.」
While relying primarily on internal funds and liquidity on hand, the Company raised ¥146 million through the issuance of bonds, resulting in net cash provided by financing activities of ¥62 million. Cash and cash equivalents stood at ¥1,831 million at the end of the interim period. - FY2025AdvancedAnnual report
「During the fiscal year, the Company repaid ¥169 million in bonds and long-term borrowings, while positive free cash flow of ¥300 million and ¥190 million in proceeds from long-term borrowings resulted in cash and cash equivalents of ¥1,708 million at the end of the fiscal year, an increase of ¥327 million from the end of the previous fiscal year.」
The Company secured positive free cash flow of ¥300 million and cash and cash equivalents of ¥1,708 million by relying primarily on internal funds and cash on hand while also using long-term borrowings. - FY2025-H1AdvancedAnnual report
「Cash flows from operating activities amounted to ¥213 million, compared with an outflow of ¥66 million in the same period of the previous year. As a result, cash and cash equivalents, hereinafter referred to as “funds,” stood at ¥1,502 million, an increase of ¥336 million from the end of the previous interim accounting period.」
Operating cash flow turned from an outflow of ¥66 million in the same period of the previous year to an inflow of ¥213 million, bringing cash and cash equivalents to ¥1,502 million at the end of the interim period. Liquidity was maintained while repaying ¥29 million in long-term borrowings and ¥60 million in bonds. - FY2025-Q1RestatedAnnual report
「Current assets stood at ¥2,033 million, an increase of ¥74 million from the end of the previous fiscal year. This mainly reflected an ¥81 million decrease in accounts receivable and contract assets, offset by an increase of ¥177 million in cash and deposits, among other factors.」
Cash and deposits at the end of the first quarter stood at ¥1,567 million, an increase of ¥177 million from the end of the previous fiscal year. The Company’s financial position reflects its reaffirmed liquidity policy of maintaining sufficient working capital. - FY2024AdvancedAnnual report
「During the fiscal year, free cash flow was positive at ¥22 million, while cash flow from financing activities was positive at ¥41 million as a result of the issuance of ¥200 million in bonds. Consequently, cash and cash equivalents stood at ¥1,380 million at the end of the fiscal year, an increase of ¥64 million from the end of the previous fiscal year.」
The Company secured cash and cash equivalents of ¥1,380 million and a current ratio of 330% through positive free cash flow from operating and investing activities, together with the issuance of bonds. - FY2024-Q3RestatedAnnual report
「Cash and deposits on the balance sheet as of the end of the third quarter accounting period stood at ¥1,218 million, and sufficient funds have been secured for ordinary expenses, investments and debt repayments reasonably expected over the next year.」
The Company has reaffirmed its liquidity policy of securing the funds required for ordinary expenses, investments and debt repayments over the next year, supported by cash and deposits of ¥1,218 million. - FY2024-Q2RestatedAnnual report
「Meanwhile, cash and deposits on the balance sheet as of the end of the second quarter accounting period stood at ¥1,176 million, and sufficient funds have been secured for ordinary expenses, debt repayments and investments planned for the fiscal year ending February 2024.」
The Company has reaffirmed its liquidity policy of securing the funds required for ordinary expenses, debt repayments and investments, supported by cash and deposits of ¥1,176 million. - FY2024-Q1RestatedAnnual report
「Cash and cash equivalents at the beginning of the fiscal year ending February 2024 stood at ¥1,316 million, and sufficient funds have been secured for ordinary expenses, debt repayments and investments planned under the business plan for the fiscal year ending February 2024.」
The Company has reaffirmed its liquidity policy of securing the funds required through beginning-of-year cash of ¥1,316 million, while expecting negative operating cash flow, debt repayments and investments during the fiscal year ending February 2024. - FY2023RestatedAnnual report
「During the fiscal year, the Company recorded a net loss of ¥132 million and negative operating cash flow of ¥184 million. At the end of the fiscal year, cash and cash equivalents stood at ¥1,316 million, with an equity ratio of 59.1% and a current ratio of 311%, ensuring sufficient liquidity for the smooth operation of the business.」
The Company explains that, despite recording negative operating cash flow and a net loss, it maintained cash and cash equivalents of ¥1,316 million and a current ratio of 311%. - FY2023-Q3RestatedAnnual report
「Meanwhile, cash and deposits at the end of the third quarter accounting period stood at ¥1,398 million. As sufficient funds had been secured for working capital required to advance the business, conduct research and development activities and implement management initiatives, as well as for capital expenditure and debt repayments, the Company judges that there is no impediment to business continuity.」
The Company has reaffirmed its liquidity policy of securing the funds required for business development, research and development, capital expenditure and debt repayments, supported by cash and deposits of ¥1,398 million. - FY2023-Q2AdvancedAnnual report
「Net cash provided by financing activities was ¥246 million, compared with ¥440 million in the same quarter of the previous year. This mainly reflected an increase in funds from ¥294 million in proceeds from the issuance of bonds, which more than offset cash outflows including ¥37 million for the repayment of long-term borrowings.」
While repaying borrowings, the Company raised ¥294 million through the issuance of its fourth unsecured bond issue, bringing cash and deposits to ¥1,475 million at the end of the second quarter accounting period. Its policy of securing liquidity primarily through internal funds while also using bonds and other financing instruments is taking concrete shape. - FY2023-Q1RestatedAnnual report
「Meanwhile, cash and deposits at the end of the first quarter accounting period stood at ¥1,285 million. As sufficient funds had been secured for the negative operating cash flow planned for the fiscal year ending February 2023, capital expenditure and debt repayments, the Company judges that there is no impediment to business continuity.」
The Company has reaffirmed its liquidity policy of securing the funds required through cash and deposits of ¥1,285 million, despite planned negative operating cash flow, capital expenditure and debt repayments. - FY2022AdvancedAnnual report
「During the fiscal year, the Company recorded a net loss of ¥291 million and negative operating cash flow of ¥360 million, but raised funds through the exercise of warrants. As a result, cash and cash equivalents stood at ¥1,332 million at the end of the fiscal year, with an equity ratio of 66.9% and a current ratio of 344.0%, ensuring sufficient liquidity for the smooth operation of the business.」
The Company states that, despite recording a loss and negative operating cash flow, it secured cash and cash equivalents of ¥1,332 million and a current ratio of 344.0% through funds raised from the exercise of warrants. - FY2022-Q3RestatedAnnual report
「Cash and deposits stood at ¥1,177 million as of the end of the third quarter accounting period, and, as sufficient working capital for business operations had been secured, the Company judges that there is no impediment to business continuity. In addition, all of the warrants issued in August 2020 had been exercised by 12 April 2021, raising ¥506 million during the first quarter accounting period.」
Although cash and deposits stood at ¥1,177 million, the Company has reaffirmed its liquidity policy of maintaining sufficient working capital for business operations. - FY2022-Q2RestatedAnnual report
「Cash and deposits were ¥1,283 million at the end of the fiscal year ended August 2021, and, as sufficient working capital for business operations had been secured, the Company judges that there is no impediment to business continuity. In addition, all of the warrants issued in August 2020 had been exercised by 12 April 2021, raising ¥506 million during the first quarter accounting period.」
The Company has reaffirmed its explanation that it has secured the liquidity required for business operations, supported by ¥506 million raised through the exercise of the eighth series of warrants and cash and deposits of ¥1,283 million. - FY2022-Q1AdvancedAnnual report
「Cash and deposits were ¥1,475 million at the end of the fiscal year ended May 2021, and sufficient working capital for business operations has been secured. The Company has also entered into an overdraft agreement with its principal bank, enabling it to obtain funds required for business settlements promptly, and therefore judges that there is no impediment to business continuity. In addition, all of the warrants issued in August 2020 had been exercised by 12 April 2021, raising ¥506 million during the first quarter accounting period.」
The Company explains that it has secured the liquidity required for business operations, supported by cash and deposits of ¥1,475 million, an overdraft facility of ¥350 million and ¥506 million raised through the exercise of warrants. - FY2021AdvancedAnnual report
「During the fiscal year, the Company recorded a net loss of ¥786 million and negative cash flow from operating activities of ¥601 million, but raised funds through borrowings from financial institutions, the issuance of stock acquisition rights and the exercise of those rights.」
To offset the net loss and negative operating cash flow, the Company combined borrowings, the issuance and exercise of stock acquisition rights and other measures, securing ¥1.099 billion in cash and cash equivalents and a current ratio of 289.9% at the end of the period. - FY2021-Q3AdvancedAnnual report
「Overdraft facility limit ¥50 million ¥350 million」
Under overdraft agreements with 2 transaction banks, the facility limit increased from ¥50 million at the end of the previous fiscal year to ¥350 million at the end of the third quarter. Funding capacity when needed has expanded significantly. - FY2021-Q2ReframedAnnual report
「As stated in the “Notice Concerning the Issuance of the Eighth Series of Stock Acquisition Rights through a Third-Party Allotment (with Exercise Price Adjustment and Exercise Permission Clauses)” announced on 4 August 2020, the Company has raised funds. It aims to expand its business by strengthening its financial base through this funding and investing in the expansion of earnings from its consulting and solutions businesses and the growth of its Innovation Business.」
In addition to its longstanding policy of relying primarily on internal funds, the Company has raised external funds through stock acquisition rights issued by way of a third-party allotment and explained that the funds will be used to strengthen its financial base and invest for growth. - FY2020Cited as achievedAnnual report
「The main sources of future funding demand are expected to be working capital, R&D activities, capital expenditure and strategic investments such as M&A. These needs are also expected to be funded primarily with internal funds under the basic policy, but the Company will raise the necessary funds, including through borrowings from financial institutions as required, while taking into account the balance between debt and equity. At the end of the fiscal year, the Company maintained a current ratio of 211%, securing sufficient liquidity for smooth business operations.」
The Company describes its policy of relying primarily on internal funds while using borrowings and bonds as necessary, together with future funding needs including strategic investments such as M&A and an actual current ratio of 211%. - FY2020-Q2Cited as achievedAnnual report
「Net cash used in financing activities was ¥14 million, compared with ¥93 million used in the same quarter of the previous fiscal year. This was mainly because funds increased through bond issuance, while cash was used to repay long-term borrowings and pay dividends.」
In connection with the policy of relying primarily on internal funds while using borrowings and bond issuance as necessary, the Company recorded ¥98.090 million in proceeds from bond issuance during the quarter. - FY2019First statedAnnual report
「The Company's basic policy is to fund working capital, R&D activities, capital expenditure and other needs primarily with internal funds, namely cash flow from operating activities, while borrowing from financial institutions and issuing bonds as necessary.」
The Company has, for the first time, provided a consolidated description of its funding policy: working capital, R&D and capital expenditure are funded primarily with internal funds, with borrowings and bond issuance used as necessary.