Funding Working Capital and Capital Expenditures Primarily with Internal Funds While Maintaining Ample Liquidity
First written in FY2022-Q2. 8 of 13 entries say "Restated". Latest entry: FY2026.
Fujimi moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
35 other companies' latest entry also says "Other".
- FY2026Declining current ratio and growth investment funded by borrowingsAnnual report
「The Group manages its assets and liabilities to maintain liquidity on hand, and recognizes that it has secured sufficient liquidity, with a current ratio of 337.3% at the end of the consolidated fiscal year. It is currently in a phase of flexible capital investment focused on capturing growth in the semiconductor market, and has raised funds through borrowings from financial institutions to finance the construction of a new plant and other requirements. Nevertheless, it recognizes that it has maintained a high level of financial soundness, with an equity ratio of 69.1% at the end of the consolidated fiscal year.」
The company moved toward a capital structure using borrowings to fund growth investments, and the current ratio declined from 667.7% at FY2025-end to 337.3%. It stated that it had secured sufficient liquidity and an equity ratio of 69.1%. - 2026-05-14ReframedEarnings
「Net cash provided by financing activities was ¥12,178 million, an increase of ¥17,815 million from the previous consolidated fiscal year. This was mainly due to an increase in proceeds from long-term borrowings.」
In addition to the previous policy of financing capital investment primarily with internally generated funds, funding through long-term borrowings appeared in full-year financing activities. - FY2026-H1ReframedAnnual report
「The company entered into a syndicated term loan agreement with financial institutions, subject to financial covenants, to fund investments including the construction costs of a new plant and new research institute for future business expansion.」
While maintaining its longstanding policy of financing working capital and capital expenditures primarily with internal funds, the company has shifted to financing future construction of a new plant and research facility with ¥10,000 million in long-term borrowings. The current ratio at the end of the interim period was 481.9%, down from 667.7% at the end of the previous fiscal year. - FY2025-H1Declining current ratioAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the current interim consolidated accounting period, its current ratio was 566.9%, and the Group recognizes that it has secured sufficient liquidity.」
The company continues to follow a financing policy based primarily on internal funds. The current ratio declined to 566.9% from 667.7% at the end of the previous consolidated fiscal year, but the company states that it has secured sufficient liquidity. - FY2024RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the current fiscal year, its current ratio was 667.7%, and the Group recognizes that it has secured sufficient liquidity.」
The Group continued its policy of primarily using internal funds to finance its operations and disclosed a current ratio of 667.7% at the end of the current fiscal year. - FY2024-Q3RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the third quarter of the current fiscal year, its current ratio was 741.9%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and disclosed a current ratio of 741.9%. - FY2024-Q2RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the second quarter of the current fiscal year, its current ratio was 640.4%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and stated that it had secured sufficient liquidity even with a current ratio of 640.4%. - FY2024-Q1RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the first quarter of the current fiscal year, its current ratio was 634.0%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and disclosed a current ratio of 634.0%. - FY2023-Q3RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the third quarter of the current fiscal year, its current ratio was 651.3%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and disclosed a current ratio of 651.3%, up from 541.1% in the previous quarter. - FY2023-Q2RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the second quarter of the current fiscal year, its current ratio was 527.5%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and stated that it had secured sufficient liquidity even with a current ratio of 527.5%. - FY2023-Q1RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the first quarter of the current fiscal year, its current ratio was 531.9%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and stated that it had secured sufficient liquidity even with a current ratio of 531.9%. - FY2022-Q3RestatedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the third quarter of the current fiscal year, its current ratio was 541.1%, and the Group recognizes that it has secured sufficient liquidity.」
The Group reaffirmed its policy of primarily using internal funds to finance working capital and capital expenditures and disclosed a current ratio of 541.1%. - FY2022-Q2First statedAnnual report
「The Group primarily uses internal funds to finance the working capital and capital expenditure required for its operations. At the end of the second quarter of the current fiscal year, its current ratio was 544.5%, and the Group recognizes that it has secured sufficient liquidity.」
The Group extracted for the first time as a topic its policy of primarily using internal funds to finance working capital and capital expenditures, together with its liquidity position reflected in a current ratio of 544.5%.