Stable funding of working capital in response to market fluctuations
First written in FY2018. 4 of 6 entries say "Advanced", first in FY2022. Latest entry: 2026-06-02.
0 other companies' latest entry also says "Cited as achieved".
- FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 October 2025, the company passed a blanket resolution regarding the issuance of domestic unsecured straight bonds.」
The company passed a blanket resolution to issue domestic unsecured straight bonds with a total issue amount of up to ¥10 billion. In addition, Vinton Steel LLC raised $100 million (approximately ¥15 billion) in project funding through IRBs for the construction of a new steelmaking plant and partial renovation of rolling-mill facilities. The diversification and stabilization of funding sources and overseas capital investment are taking concrete shape. - FY2023AdvancedAnnual report
「The Group's borrowings at the end of the current consolidated fiscal year increased by ¥5,045 million from the end of the previous fiscal year to ¥89,537 million, and the net debt-to-equity ratio was 0.23x. We have also obtained a credit rating from the Japan Credit Rating Agency, Ltd. As of the date of submission of this report, the rating is A- (outlook: stable).」
Under its policy of diversifying and stabilizing funding sources, the company recorded a net debt-to-equity ratio of 0.23x, meeting the medium-term plan target of 0.25x or lower. The A- rating (outlook: stable) has also been maintained. - FY2022AdvancedAnnual report
「In addition to strengthening the soundness of our finances, which form the foundation of management, and management transparency, we have obtained a credit rating from the Japan Credit Rating Agency, Ltd. to diversify and stabilize our funding sources and enable flexible fundraising in response to changes in the business environment. As of the date of submission of this report, the rating is A- (outlook: stable).」
As part of efforts to diversify funding sources, the company issued ¥10 billion in corporate bonds in June 2021 and had obtained an A- rating (outlook: stable) as of the date of submission. - FY2018First statedAnnual report
「The Group's basic policy is to secure stable business funding that can respond to market fluctuations in raw material prices and product selling prices.」
The company has stated a policy of securing stable working capital to respond to fluctuations in raw material and product prices, with short-term working capital generally funded through internal funds and short-term borrowings, and capital expenditures through long-term borrowings.