Capital and R&D Investment Primarily Funded Internally
First written in FY2016. 4 of 17 entries say "Advanced", first in FY2023. Latest entry: FY2026.
Nitto Kogyo moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
35 other companies' latest entry also says "Other".
- FY2026Keeping investment spending within operating cash flow and reducing borrowingsAnnual report
「The group’s working capital and capital expenditure are funded primarily from internal funds and bank borrowings. … Cash outflows from investing activities have remained within operating cash flow.」
The company incurred ¥5,918 million in capital expenditure, while cash outflows from investing activities were ¥7,190 million and operating cash flow was ¥18,347 million, reducing long-term borrowings outstanding to ¥24,000 million. - 2026-05-15OtherEarnings
「This was due to a decrease in funds, including ¥4,022 million in payments for the repayment of long-term borrowings.」
Repayment of long-term borrowings progressed, demonstrating the allocation of funds alongside investment and dividends. - FY2026-H1Continued repayment of long-term borrowings and capital expenditureAnnual report
「This resulted from a decrease in funds due to items including ¥2,009 million in repayments of long-term borrowings and ¥3,649 million in dividend payments.」
In connection with its policy of relying primarily on internal funds for investment, the company repaid ¥2,009 million of long-term borrowings while spending ¥2,811 million on the acquisition of fixed assets. - FY2025New term loan agreement and increase in borrowingsAnnual report
「On 14 March 2025, the company entered into a syndicated term loan agreement to raise funds for its business and drew down the loan.」
In addition to entering the repayment phase for the committed credit facility related to investments such as the Seto Plant, the company entered into and drew down a new syndicated term loan, bringing borrowings outstanding at period-end to ¥28,075 million. - FY2025-H1Expiry of the committed credit facility and commencement of repaymentsAnnual report
「The commitment period for the committed credit facility expired on 31 July 2024, and repayments began on 31 October 2024.」
The commitment period for the ¥20,000 million committed credit facility used in connection with large-scale investments such as the Seto Plant expired, and the facility moved into the repayment phase. - FY2024-Q3AdvancedAnnual report
「The undrawn balance and other details relating to the committed credit facility as of the end of the third quarter of the current consolidated accounting period are as follows. Total committed credit facility ¥20,000 million Drawn balance ¥18,000 million Undrawn balance ¥2,000 million」
For the committed credit facility related to large-scale investments such as the Seto Plant, the drawn balance increased from ¥6,000 million to ¥18,000 million, representing a substantial increase in borrowings. - FY2024-Q2AdvancedAnnual report
「This resulted from a decrease in funds due to items including dividend payments of ¥2,161 million, despite an increase in funds due to items including proceeds of ¥5,000 million from long-term borrowings.」
To meet funding needs for capital expenditure and growth investments, the company raised ¥5,000 million through long-term borrowings. The drawn balance under the committed credit facility also increased from ¥6,000 million to ¥11,000 million. - FY2024-Q1AdvancedAnnual report
「Total committed credit facility ¥20,000 million Drawn balance ¥11,000 million Undrawn balance ¥9,000 million」
In connection with funding needs including large-scale investments such as the Seto Plant, the drawn balance under the ¥20,000 million committed credit facility increased from ¥6,000 million at the end of March 2023 to ¥11,000 million. - FY2023AdvancedAnnual report
「On 31 January 2023, the company entered into a syndicated commitment-period term loan agreement (green loan) to raise funds for the construction of the plant and drew down the loan.」
For construction of the Seto Plant, the company entered into a ¥20,000 million green loan agreement and had drawn down ¥6,000 million. In addition to its policy of relying primarily on internal funds, the company has moved bank borrowing into the execution stage as a source of funding. - FY2023-Q3Loan agreement signed for the Seto PlantAnnual report
「On 31 January 2023, the company entered into a syndicated commitment-period term loan agreement (green loan) to raise funds for the construction of the plant. 1. Use of funds Construction of the Seto Plant 5. Contract amount ¥20,000 million (of which ¥18,000 million is green-certified)」
Against its policy of relying primarily on internal funds, the company has entered into a ¥20,000 million syndicated green loan agreement for construction of the Seto Plant, putting in place funding that includes borrowings. - FY2022SoftenedAnnual report
「Working capital, capital expenditure and R&D investment are to be funded primarily from internal funds generated by the company’s financial position and operating cash flow, as before. However, funding needs are expected to increase due to construction of the Seto Plant, a large-scale investment, growth investments by group companies and the change in the dividend policy announced on 13 May 2022, and the company is currently considering optimal funding methods, including bank borrowings.」
While maintaining its policy of relying primarily on internal funds, the company has stated that increased funding needs resulting from large-scale investments and the change in its dividend policy have prompted consideration of funding methods including bank borrowings. - FY2021SoftenedAnnual report
「The Seto Plant planned for construction in Seto, Aichi Prefecture, is expected to involve a large investment of approximately ¥25 billion. The required funds are to be financed through internal funds and borrowings from financial institutions, among other sources.」
While maintaining its policy of funding investments primarily from internal funds, the company has stated that the Seto Plant investment is expected to total approximately ¥25 billion and will also be financed through borrowings from financial institutions and other sources. - FY2020SoftenedAnnual report
「The Seto Plant planned for construction in Seto, Aichi Prefecture, is expected to involve a large investment of approximately ¥20 billion. The required funds are to be financed through internal funds and borrowings from financial institutions, among other sources.」
While maintaining its policy of relying primarily on internal funds, the company has stated that the approximately ¥20 billion investment in the Seto Plant will also be financed through borrowings from financial institutions and other sources. - FY2019RestatedAnnual report
「The company plans to renew existing facilities and invest in overseas production bases, while continuing, as before, to fund working capital, capital expenditure and R&D investment primarily from internal funds generated by its financial position and operating cash flow.」
The company continues to pursue a policy of funding facility upgrades, investment in overseas production bases and R&D investment primarily from internal funds. - FY2018RestatedAnnual report
「The company plans to renew existing facilities and invest in overseas production bases, while continuing, as before, to fund working capital, capital expenditure and R&D investment primarily from internal funds generated by its financial position and operating cash flow.」
The company continues to pursue a policy of funding renewal of existing facilities, investment in overseas production bases and R&D investment primarily from internal funds. - FY2017RestatedAnnual report
「Working capital, capital expenditure and R&D investment are to be funded primarily from internal funds generated by the company’s financial position and operating cash flow, as before.」
The company continues to pursue a policy of funding working capital, capital expenditure and R&D investment primarily from internal funds. - FY2016First statedAnnual report
「Working capital, capital expenditure and R&D investment are to be funded primarily from internal funds generated by the company’s financial position and operating cash flow, as before.」
The company has stated a policy of funding working capital, capital expenditure and R&D investment primarily from internal funds.