Initiation of Short-Term Borrowing to Lower the Cost of Capital
First written in FY2021-Q3. 2 of 4 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022.
53 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Net cash provided by financing activities was ¥80.491 million. This was mainly due to an increase of ¥100 million in short-term borrowings.」
Short-term borrowings increased by a further ¥100 million, bringing the balance at the end of the period from ¥100 million to ¥200 million. - FY2022-Q3AdvancedAnnual report
「This resulted from decreases of ¥17.380 million in accounts payable and ¥16.302 million in provisions for losses on the liquidation of affiliated companies, together with increases of ¥100 million in short-term borrowings and ¥25.840 million in accrued income taxes, among other factors.」
Short-term borrowings increased by ¥100 million, bringing the balance from ¥100 million at the end of the previous consolidated fiscal year to ¥200 million. - FY2021RestatedAnnual report
「The Group incurs funding needs for research and development of new services and businesses, the purchase of equipment enabling state-of-the-art measurement and analysis, and short-term working capital associated with fluctuations in demand. As a basic policy, the Group meets these needs for research and development investment, capital investment and working capital through shareholders’ equity, including cash and cash equivalents on hand.」
The Company continues its policy of primarily using shareholders’ equity to fund research and development and capital investment, while using bank borrowings to fund capital investment and short-term working capital. - FY2021-Q3First statedAnnual report
「This resulted from the recognition of ¥100 million in short-term borrowings following the initiation of short-term borrowing from a bank to reduce the cost of capital, an increase of ¥20.550 million in the provision for bonuses accompanying the introduction of a new personnel system, and decreases of ¥51.194 million in accounts payable, ¥16.444 million in accrued income taxes and other liabilities included in other liabilities, including accrued consumption taxes and advances received.」
The Company initiated short-term borrowing from a bank to reduce the cost of capital and recorded ¥100 million in short-term borrowings.