Funding Working Capital and Investments Primarily with Internal Funds
First written in FY2016. 24 of 27 entries say "Restated". Latest entry: FY2026.
Itfor moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
5 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「In addition, except for certain consolidated subsidiaries, the company primarily finances both working capital and investments with internal funds rather than borrowings from banks or other financial institutions. It has also entered into commitment line agreements with banks to prepare for temporary increases in funding needs.」
The company has maintained its policy of primarily using internal funds, while specifying that this applies "except for certain consolidated subsidiaries." As of the end of the fiscal year, it also recorded ¥146.480 million in long-term borrowings, among other items. - FY2026-H1RestatedAnnual report
「Total commitment line ¥1,500 million ¥1,500 million Drawn balance － － Difference ¥1,500 million ¥1,500 million」
The company primarily uses internal funds and maintains a funding structure that supplements them with a commitment line totaling ¥1,500 million. The drawn balance is zero. - FY2025RestatedAnnual report
「Under the Fourth Medium-Term Management Plan, cash inflows are expected to total ¥8.8 billion over 3 years, while cash outflows are expected to total ¥11.86 billion over 3 years, including cash on hand. The company will continue its existing targets for shareholder returns: a consolidated dividend payout ratio of 50% and a total payout ratio of at least 70%.」
The company reaffirmed its funding policy of primarily using internal funds and maintaining the commitment line, as well as its expected cash inflows and outflows under the Fourth Medium-Term Management Plan and its shareholder return policy. - FY2024Expected fund allocation under the medium-term planAnnual report
「Under the Fourth Medium-Term Management Plan, cash inflows are expected to total ¥8.8 billion over 3 years, while cash outflows are expected to total ¥11.86 billion over 3 years, including cash on hand.」
In addition to its longstanding policy of primarily using internal funds and supplementing them with commitment lines, the company disclosed its expected cash inflows and outflows over the 3-year period of the Fourth Medium-Term Management Plan. - FY2024-Q2RestatedAnnual report
「Total commitment line ¥1,500 million ¥1,500 million Drawn balance － － Difference ¥1,500 million ¥1,500 million」
The company primarily uses internal funds and maintains a funding structure that supplements them with a commitment line totaling ¥1,500 million. The drawn balance is zero. - FY2023-Q3RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2023-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2022RestatedAnnual report
「Regarding the group's sources of capital and liquidity, working capital and capital expenditures are primarily financed with internal funds. However, the group has entered into a commitment line agreement with its principal transaction banks to secure temporary working capital efficiently when internal funds are insufficient.」
The company continues its funding policy of primarily using internal funds and supplementing them with commitment lines from its principal transaction banks. - FY2022-Q2RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2022-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2021-Q3RestatedAnnual report
「Commitment line (specified lending facility agreement) To secure working capital efficiently, the company has entered into a commitment line (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows. Previous consolidated fiscal year ( 31 March 2020 ) Third quarter of the current consolidated fiscal year ( 31 December 2020 ) Total commitment line ¥1,500 million ¥1,500 million Drawn balance － － Difference ¥1,500 million ¥1,500 million」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2021-Q2RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company primarily uses internal funds and maintains a funding structure with a ¥1,500 million commitment line and a drawn balance of zero. - FY2021-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million with a drawn balance of zero, and continues its funding policy of primarily using internal funds. - FY2020RestatedAnnual report
「Regarding the group's sources of capital and liquidity, working capital and capital expenditures are primarily financed with internal funds. However, the group has entered into commitment line agreements with its principal transaction banks to secure temporary working capital efficiently when internal funds are insufficient.」
The company maintains its funding policy of primarily using internal funds and using the ¥1,500 million commitment line on a supplementary basis. - FY2020-Q3RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a funding structure with a commitment line totaling ¥1,500 million and a drawn balance of zero. - FY2020-Q2RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2020-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2019-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2018RestatedAnnual report
「Regarding the group's sources of capital and liquidity, working capital and capital expenditures are primarily financed with internal funds. However, the group has entered into commitment line agreements with its principal transaction banks to secure temporary working capital efficiently when internal funds are insufficient.」
The company reiterates its funding policy of primarily using internal funds and using the commitment line to supplement them when necessary. - FY2018-Q3RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2018-Q2RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2018-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2017RestatedAnnual report
「The group primarily finances working capital and capital expenditures with internal funds, but has entered into commitment line agreements with its principal transaction banks to secure temporary working capital efficiently when internal funds are insufficient.」
The company reiterates its funding policy of primarily using internal funds and using the commitment line on a supplementary basis. - FY2017-Q3RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2017-Q2RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of zero. - FY2017-Q1RestatedAnnual report
「To secure working capital efficiently, the company has entered into a commitment line agreement (specified lending facility agreement) with its principal transaction bank. The undrawn balance under this agreement is as follows.」
The company maintains a commitment line totaling ¥1,500 million, with a drawn balance of ¥0. - FY2016First statedAnnual report
「As a basic policy for funding, the company finances both working capital and investments with internal funds rather than borrowings from banks or other financial institutions. It has also entered into a commitment line agreement with a bank to prepare for temporary increases in funding needs.」
The company primarily uses internal funds and has established a commitment line totaling ¥1,500 million.