Funding Primarily from Internal Sources, with an Emphasis on Safety
First written in FY2016. 7 of 9 entries say "Restated". Latest entry: FY2024.
37 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The Company continues to rely primarily on internal funds and cash flows from operating activities for funding, with liquidity supplemented by overdraft agreements totaling ¥2 billion. - FY2023RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The Company continues to rely primarily on internal funds and cash flows from operating activities for funding, with liquidity supplemented by overdraft agreements totaling ¥2 billion. - FY2022RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds.」
The Company continues to rely primarily on internal funds and cash flows from operating activities for funding, with liquidity supplemented by overdraft agreements totaling ¥2 billion. - FY2021RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The Company continues to rely primarily on internal funds and cash flows from operating activities for funding, with liquidity supplemented by overdraft agreements totaling ¥2 billion. - FY2020RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The Company continues to rely primarily on internal funds and cash flows from operating activities for funding, with liquidity supplemented by overdraft agreements totaling ¥2 billion. - FY2019RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The funding policy remains focused on internal funds and cash flows from operating activities, and overdraft agreements totaling ¥2 billion continue to supplement liquidity. - FY2018RestatedAnnual report
「The funding requirements of the paint business consist of manufacturing costs, selling, general and administrative expenses, and capital expenditures. All of these are funded through cash flows from operating activities and internal funds, with no financing through borrowings from financial institutions or the issuance of bonds. The Company believes that the working capital and capital expenditure funds required to maintain and develop the business going forward can also be funded internally, but has entered into overdraft agreements totaling ¥2 billion with 2 relationship banks to supplement liquidity.」
The funding policy remains focused on internal funds and cash flows from operating activities, and there are no outstanding borrowings. The Company has disclosed overdraft agreements totaling ¥2 billion to supplement liquidity. - FY2017AdvancedAnnual report
「The Group mainly manufactures and sells paints. While internal funds are used to finance required capital expenditures, the funds required for rental and other real estate are obtained from financial institutions. Temporary surplus funds are invested in highly secure financial assets. All short-term working capital is funded with internal funds.」
The policy of focusing on internal funds and safety in funding and investment continues, and both long-term borrowings and long-term borrowings due for repayment within one year were zero at the end of the fiscal year. - FY2016First statedAnnual report
「The Group mainly manufactures and sells paints. While internal funds are used to finance required capital expenditures, the funds required for rental and other real estate are obtained from financial institutions. Temporary surplus funds are invested in highly secure financial assets. All short-term working capital is funded with internal funds. Derivatives are used to avoid the risks described below, and the Group does not engage in speculative transactions.」
Capital expenditures and short-term working capital are funded primarily with internal funds, surplus funds are invested in highly secure financial assets, and derivatives are used solely for risk hedging.