Diversifying Funding Sources Amid Reliance on Borrowings from Financial Institutions
First written in FY2024. 4 of 6 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The equity ratio at the end of the fiscal year ending March 2026 was 36.8%, an increase from the previous fiscal year, and maintaining an equity ratio of at least 30% will remain a basic policy. We are also raising funds through convertible preferred shares to balance capital and borrowings.」
The disclosure shows an equity ratio of 36.8%, exceeding the 30% threshold, and states that funding through convertible preferred shares has been implemented in addition to diversified funding. - FY2025RaisedAnnual report
「Accordingly, we intend to secure growth funds by using diverse funding methods while maintaining shareholder value. We will also raise funds through preferred shares while maintaining financial stability and taking into account dilution of common shares. (Maintaining an equity ratio of at least 30%)」
In addition to the previous third-party allotment, the Group specifies diverse funding methods including preferred shares and maintenance of an equity ratio of at least 30%. - FY2025-H1AdvancedAnnual report
「On 22 April 2024, the Company received payment for a third-party allotment of shares from Mizuho Securities Co., Ltd. As a result, during the interim consolidated accounting period, stated capital and capital surplus each increased by ¥40 million.」
A third-party allotment in April 2024 was carried out as a funding method other than financial-institution borrowings, increasing stated capital and capital surplus by ¥40 million each. - FY2024First statedAnnual report
「Most of our funding comes from borrowings from financial institutions. As the shift toward lightweighting, represented by electric vehicles and other vehicles, gains momentum and expectations for magnesium die casting grow, our competitors are likely to be overseas parts manufacturers with strong funding capabilities. Accordingly, rapidly diversifying our funding sources is an urgent issue in formulating our future growth strategy.」
Given that most funding comes from financial-institution borrowings, the Group identifies rapid diversification as an issue.