Uncertainty in Cash Management and Financing
First written in FY2022. 4 of 5 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
3 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Net cash provided by financing activities increased by ¥2,926.700 million. The main factors were an increase of ¥409.384 million in short-term borrowings, ¥870.000 million in proceeds from long-term borrowings, ¥171.063 million in proceeds from sale-and-leaseback transactions, and ¥1,713.720 million in proceeds from the issuance of shares.」
Although uncertainty over financing remains, the disclosure shows that funds were secured in the fiscal year ending November 2025 through borrowings, sale-and-leaseback transactions, and share issuances, including an overseas offering. - FY2025-H1MitigatedAnnual report
「As disclosed in the “Fiscal 2024 November 4Q and Full-Year Financial Results Briefing Materials” dated 14 January 2025, this borrowing changes the funding for the acquisition, which had been funded with cash on hand and borrowings, to long-term borrowings.」
The disclosure records that total long-term borrowings of ¥1,255 million were executed for the acquisition of Polarify, changing the existing funding with cash on hand and borrowings to refinancing. - FY2024MitigatedAnnual report
「Cash flows from financing activities increased by ¥619.439 million. The main factors were proceeds of ¥575.000 million from long-term borrowings, proceeds of ¥251.505 million from sale-and-leaseback transactions, and proceeds of ¥381.048 million from the issuance of shares upon the exercise of stock acquisition rights.」
Although uncertainty over financing remains a future risk, the disclosure records funds secured through borrowings, sale-and-leaseback transactions, and the exercise of stock acquisition rights. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, the Company listed on the Tokyo Stock Exchange Growth Market and raised a total of ¥106.574 million through a public offering and a third-party allotment associated with an offering through an over-allotment option. The Company also issued new shares, convertible bonds with stock acquisition rights, and stock acquisition rights allocated to CVI Investments, Inc., raising a total of ¥1,470.793 million and securing the cash and deposits required for future working capital.」
Regarding the risk that financing may not progress as expected, the disclosure records financing associated with the listing and financing for CVI, and indicates that cash and deposits are being secured for the near term. - FY2022First statedAnnual report
「Depending on the state of the Group’s cash flow, including cases in which financing, such as equity financing, sales proceeds, partnership upfront payments, and public grants and subsidies, does not progress as expected, the Group’s business activities and other operations may be materially affected.」
The Group anticipates multiple financing methods, including capital increases, borrowings, and public subsidies.