Funding Growth Investments through a Combination of Internal Funds and Borrowings
First written in FY2019. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 2 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company’s basic policy is to fund these requirements with internal funds, but it will borrow from financial institutions as necessary.」
Restates the policy of using internal funds as the primary source of funding for requirements related to new branch openings, capital expenditures and M&A, with borrowings used as necessary. - FY2022RestatedAnnual report
「In addition, in order to achieve further growth, we plan to accelerate the opening of new locations, make capital investments, and pursue M&A and other initiatives. Our basic policy is to meet these funding needs with internal funds, but we will borrow from financial institutions as necessary.」
The disclosure reiterates the growth policy of using new locations, capital investment and M&A, and the funding policy of relying primarily on internal funds and using borrowings as necessary. - FY2021RestatedAnnual report
「The Company’s basic policy is to fund these requirements with internal funds, but it will borrow from financial institutions as necessary.」
Restates the policy of using internal funds as the primary source of funding for requirements related to new branch openings, capital expenditures and M&A, with borrowings used as necessary. - FY2020RestatedAnnual report
「The Company’s basic policy is to fund these requirements with internal funds, but it will borrow from financial institutions as necessary.」
Restates the policy of using internal funds as the primary source of funding for requirements related to new branch openings, capital expenditures and M&A, with borrowings used as necessary. - FY2019First statedAnnual report
「The Company’s basic policy is to fund these requirements with internal funds, but it will borrow from financial institutions as necessary.」
For growth investments such as new branch openings, capital expenditures and M&A, the Company has stated for the first time its policy of using internal funds as the primary source of funding and borrowing from financial institutions as necessary.