Funding Environment and Interest Rates
First written in FY2016. 3 of 10 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
Nittoku moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 9 of 39 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Increase in borrowings outstandingAnnual report
「This was mainly due to ¥3,000 million in proceeds from long-term borrowings, offset by ¥2,271 million in repayments of long-term borrowings and ¥858 million in dividend payments.」
While maintaining a policy of relying primarily on internal funds, the balance of long-term borrowings increased from ¥8,034 million at the end of the previous period to ¥8,763 million. - 2026-05-15WorsenedEarnings
「固定負債は前連結会計年度末対比４億89百万円増加し、79億73百万円となりました。これは主として、長期借入金が３億95百万円増加したことによります。」
長期借入金が前期末から増加し、借入金残高の増加局面が続いている。 - FY2026-H1MitigatedAnnual report
「Funds used in financing activities amounted to ¥1,500 million, compared with an outflow of ¥871 million in the same period of the previous year. This was mainly due to ¥1,005 million in repayments of long-term borrowings and ¥353 million in dividend payments.」
Regarding the borrowings that had increased through the previous period, the company repaid ¥1,005 million of long-term borrowings, reducing the balance of long-term borrowings at the end of the interim period from the end of the previous period. - FY2025WorsenedAnnual report
「Our group’s management policy is to increase cash flow from operating activities and finance, to the greatest extent possible, the funds required for research and development, acquisitions, and other purposes with internal funds. If our financial position becomes strained due to the risks identified to date, we will borrow from our financial institutions.」
Although the policy of relying primarily on internal funds continues, long-term borrowings increased from ¥1,983 million at the end of the previous period to ¥8,034 million at the end of the current period, increasing dependence on external funding. - FY2025-H1Continued Increase in Long-Term BorrowingsAnnual report
「Current liabilities increased by ¥2,365 million from the end of the previous consolidated fiscal year to ¥15,888 million. This was mainly due to increases of ¥1,401 million in contract liabilities and ¥965 million in current maturities of long-term borrowings. Non-current liabilities increased by ¥1,588 million from the end of the previous consolidated fiscal year to ¥5,079 million, mainly due to a ¥1,727 million increase in long-term borrowings.」
Long-term borrowings increased from the end of the previous period, bringing borrowings including amounts due within 1 year to approximately ¥4,676 million. Borrowings have continued to increase from the position of having no outstanding debt through the previous period. - FY2024Long-term borrowings drawnAnnual report
「This was due mainly to ¥2,000 million in proceeds from long-term borrowings, offset by ¥578 million in dividend payments.」
From a position of having no outstanding borrowings through the previous period, the company raised ¥2,000 million in long-term borrowings during the current period, and long-term borrowings and other debt at period-end amounted to ¥1,983 million. - FY2023RestatedAnnual report
「Our group’s management policy is to increase cash flow from operating activities and finance, to the greatest extent possible, the funds required for research and development, acquisitions, and other purposes with internal funds.」
The policy of financing research and development, acquisitions, and other purposes with internal funds to the greatest extent possible continues. Cash and cash equivalents at period-end were ¥12,023 million, and there was no outstanding debt. - FY2022MitigatedAnnual report
「Our group’s management policy is to increase cash flow from operating activities and finance, to the greatest extent possible, the funds required for research and development, acquisitions, and other purposes with internal funds.」
It clearly states a policy of financing research and development, acquisitions, and other purposes with internal funds to the greatest extent possible. Cash flow from operating activities for the current period was ¥2,689 million, and cash and cash equivalents at period-end were ¥11,768 million. - FY2020MitigatedAnnual report
「In addition, we have already reached an agreement in principle with financial institutions regarding emergency funding to address cash needs arising from prolonged restrictions on economic activity, a significant decline in orders, or other factors.」
It states that agreement in principle has been reached with financial institutions on emergency funding in response to the risk of cash shortages caused by declining orders and other factors. - FY2016First statedAnnual report
「If developments in the equity market or indirect financing markets make it difficult to raise funds, or if interest rate movements increase interest payments, this could adversely affect our group’s operating results and financial position.」
It identifies difficulty in raising funds due to fluctuations in the equity and indirect financing markets, and rising interest rates, as risks.