Prudent cash management and financing through bank borrowings
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 4 of 30 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「For future investment, the Company plans to construct a new facility in Tsukubamirai, Ibaraki Prefecture, incorporating an advanced, environmentally friendly production and logistics base and construction and surveying center functions, as well as to upgrade and expand existing facilities and promote ICT-related initiatives and digital transformation. These investments are expected to be funded with internal funds and borrowings from financial institutions.」
While maintaining its policy of financing with internal funds and borrowings from financial institutions, the Company recorded ¥18,000 million in proceeds from long-term borrowings, thereby specifying the financing of large-scale investments. - FY2023RestatedAnnual report
「Regarding the sources of capital and liquidity of the Group, the Group has traditionally generated substantial cash flow from operating activities, including product sales and construction sales, and … raises funds using internal funds as well as borrowings from financial institutions.」
The Group has continued its financing policy of combining cash generated from operating activities, internal funds, and borrowings from financial institutions, together with its commitment lines. - FY2022RestatedAnnual report
「Regarding the sources of capital and liquidity of the Group, the Group has traditionally generated substantial cash flow from operating activities, including product sales and construction sales. To prepare for the operating activities required now and in the future and for debt repayments, the Group raises funds using internal funds as well as borrowings from financial institutions and equity financing.」
The Group has continued its financing policy of combining cash generated from operating activities, internal funds, borrowings from financial institutions, and equity financing. - FY2022-Q2RestatedAnnual report
「Proceeds from the disposal of treasury shares upon exercise of share acquisition rights: ¥424 million」
The Company recorded ¥424 million in proceeds from the disposal of treasury shares upon the exercise of share acquisition rights, reaffirming its use of a financing method other than internal funds and borrowings. - FY2022-Q1AdvancedAnnual report
「Number of such bonds with share acquisition rights subject to exercise price adjustment clauses exercised during the quarter (units) 2,973 Number of shares delivered upon exercise during the quarter (shares) 297,300 Funds raised through exercises during the quarter (¥ million) 424」
The disclosure states that the exercise of bonds with share acquisition rights subject to exercise price adjustment clauses resulted in the delivery of 297,300 shares and raised ¥424 million. - FY2021ReframedAnnual report
「Regarding the sources of capital and liquidity of the Group, the Group has traditionally generated substantial cash flow from operating activities, including product sales and construction sales. To prepare for the operating activities required now and in the future and for debt repayments, the Group raises funds using internal funds as well as borrowings from financial institutions and equity financing. The Company has secured bilateral borrowing lines with domestic financial institutions and established commitment lines, enabling stable financing while taking into account the balance between long-term and short-term funding.」
The explanation of the financing policy has expanded from its previous focus on bank borrowings to include equity financing, borrowing lines, and commitment lines. - FY2020ReframedAnnual report
「The Company and its consolidated subsidiaries limit the investment of funds to highly secure financial instruments and rely on bank borrowings for financing. Derivative transactions are used to hedge the risk of future price fluctuations related to purchases of straight-run asphalt, and the Company does not engage in derivative transactions for speculative purposes or in highly leveraged derivative transactions.」
The disclosure has changed from the previous statement that derivatives were not used to a policy of using crude oil swaps solely to hedge price fluctuations in straight-run asphalt. - FY2019RestatedAnnual report
「The Company and its consolidated subsidiaries limit the investment of funds to highly secure financial instruments and rely on bank borrowings for financing. They do not use derivatives.」
The Company has reiterated its policy of investing in highly secure financial instruments, raising funds through bank borrowings, and not using derivatives. - FY2017RestatedAnnual report
「The Company and its consolidated subsidiaries limit the investment of funds to highly secure financial instruments and rely on bank borrowings for financing. They do not use derivatives.」
The Company has reiterated its policy of investing in highly secure financial instruments, raising funds through bank borrowings, and not using derivatives. - FY2016First statedAnnual report
「The Company and its consolidated subsidiaries limit the investment of funds to highly secure financial instruments and rely on bank borrowings for financing. They do not use derivatives.」
The Company’s basic financial policies are to invest funds conservatively, raise funds through bank borrowings, and not use derivatives.