Funding policy combining retained earnings, borrowings and bonds
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The Company will allocate retained earnings to growth investments and strengthening its financial position, thereby working to enhance corporate value.」
The Company is reaffirming its funding policy of combining retained earnings, long-term borrowings and short-term borrowings as needed, and allocating retained earnings to growth investments and strengthening its financial position. - FY2021RestatedAnnual report
「Capital expenditures are funded primarily with cash on hand (retained earnings from profits and other sources), long-term borrowings and unsecured bonds. However, if the period of any capital funding shortfall is brief, it is covered by short-term borrowings.」
The Company is reaffirming its funding policy of combining retained earnings, long-term borrowings, unsecured bonds and short-term borrowings. - FY2020-Q3AdvancedAnnual report
「(2) Total borrowings: ¥3 billion” “(3) Expected borrowing date: late May 2020” “(4) Interest payable: base rate + spread” “(2) Commitment amount: ¥2 billion” “(3) Expected contract execution date: late May 2020」
To secure available liquidity and flexible, stable funding sources, the Company approved a ¥3 billion long-term borrowing and a ¥2 billion commitment line agreement. Its former policy of funding through borrowings and other sources has progressed to specific funding plans. - FY2018AdvancedAnnual report
「Cash flows from financing activities amounted to ¥2,550 million, as proceeds from the issuance of shares of ¥1,558 million and proceeds from long-term borrowings of ¥1,100 million, among others, exceeded payments of ¥394 million for the repayment of long-term borrowings and other outflows.」
In addition to the former policy of combining retained earnings, borrowings and bonds, the Company carried out a share issuance through a public offering and third-party allotment, as well as long-term borrowing. - FY2017RestatedAnnual report
「Capital expenditure is funded primarily with cash on hand (retained earnings from profits and other sources), long-term borrowings and unsecured bonds.」
The Company is reaffirming its funding policy of using short-term borrowings for working capital and primarily retained earnings, long-term borrowings and unsecured bonds for capital expenditures, as well as its approach to liquidity management. - FY2017-Q3AdvancedAnnual report
「The Company's consolidated subsidiary E3 issued its first unsecured bonds.」
The consolidated subsidiary E3 issued unsecured bonds totaling ¥1,834 million at an interest rate of 0.3% and stated that the proceeds would be allocated to solar power generation-related expenses. This confirms the specific implementation of bond financing under the policy of combining retained earnings, borrowings and bonds. - FY2016First statedAnnual report
「Capital expenditure is funded primarily with cash on hand (retained earnings from profits and other sources), long-term borrowings and unsecured bonds.」
Working capital is funded with short-term borrowings, taking available liquidity into account, while capital expenditures are funded primarily with retained earnings, long-term borrowings and bonds, and managed through cash flow planning and available liquidity.