Maintaining liquidity equivalent to at least two months of monthly consolidated sales
First written in FY2018. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 36 companies on the "Worse" side.
11 other companies' latest entry also says "Other".
- FY2025Return to the normal liquidity policyAnnual report
「As supply chain disruptions have also subsided and delivery times have improved, the company has returned to its basic policy of maintaining liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue.」
The company returned from its previous policy of maintaining a higher-than-usual level of liquidity to its normal policy of maintaining liquidity equivalent to at least 2 months of monthly consolidated revenue. - FY2024SoftenedAnnual report
「As delivery times have also been improving, the company is gradually returning to its basic policy of maintaining liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue.」
Following the improvement in delivery times, the company indicated that it was moving away from maintaining a higher-than-usual level of liquidity and returning to its normal policy of maintaining liquidity equivalent to at least 2 months of monthly consolidated revenue. - FY2023AdvancedAnnual report
「Under normal conditions, the company had aimed to maintain liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue. However, amid the spread of COVID-19 and the prolonged situation in Ukraine, customer delivery times had generally extended to around twice their normal levels. In addition, the successive bank failures in the United States in March this year heightened concerns that global financial instability could spread, prompting the company to work to secure a higher level of liquidity than usual.」
While maintaining its basic policy of holding liquidity equivalent to at least 2 months of monthly consolidated revenue, the company continued securing a higher level of liquidity than usual as a precaution against extended delivery times and financial instability. - FY2022AdvancedAnnual report
「Customer delivery times have generally increased to 1.5–2.0 times their normal levels, so the company is working to secure a higher level of liquidity than usual.」
In addition to its policy of maintaining liquidity equivalent to at least 2 months of monthly consolidated revenue, the company stated that it was securing a higher level of liquidity than usual in response to customer delivery times extending to 1.5–2.0 times their normal levels. - FY2021AdvancedAnnual report
「The company strives to maintain liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue, but established a commitment line and is working to secure a higher level of liquidity than usual in preparation for unforeseen circumstances arising from the spread of COVID-19.」
In addition to its policy of maintaining liquidity equivalent to at least 2 months of monthly consolidated revenue, the company stated that it had established a commitment line and secured a higher level of liquidity than usual as a precaution against the COVID-19 pandemic. - FY2018First statedAnnual report
「The Group’s basic policy is to maintain a stable supply of the liquidity and funding sources necessary for business operations. It strives to maintain liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue.」
The company stated for the first time its funding policy of maintaining liquid funds, including cash and deposits, at or above 2.0 months of monthly consolidated revenue. It also stated that short-term working capital would generally be funded through internal funds and short-term borrowings, while capital expenditures and other investments would generally be funded through long-term borrowings.