Financing Policy Based Primarily on Operating Cash Flow and Internal Funds, with Borrowings Used for Long-Term Investment
First written in FY2018. 8 of 10 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023.
13 other companies' latest entry also says "Other".
- FY2023Added bond financingAnnual report
「These funding needs are generally covered by cash flow from operating activities and internal funds, but when making large capital investments or when substantial research and development continues over an extended period, funds are raised through borrowings from financial institutions and the issuance of bonds.」
In addition to the existing use of borrowings, the issuance of bonds was specified as a funding method for large capital investments and long-term research and development. - FY2021-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, non-current liabilities were ¥542.690 million, up ¥222.936 million from the end of the previous consolidated fiscal year. The main factor was an increase in long-term borrowings for construction of the Takizawa Telecom Test Center.」
In line with the funding policy of using borrowings for large capital investments, long-term borrowings were increased for construction of the telecom test center. - FY2021-Q2AdvancedAnnual report
「Fixed liabilities at the end of the second quarter of the current consolidated fiscal year were ¥468.582 million, an increase of ¥148.828 million from the end of the previous consolidated fiscal year. The main factor was an increase in long-term borrowings for construction of the Takizawa Telecom Test Center.」
In line with the funding policy of using borrowings for large capital investments, long-term borrowings for construction of the telecom test center were increased. - FY2021-Q1AdvancedAnnual report
「The main factor was an increase of ¥85.004 million in long-term borrowings for the construction of the Takizawa Telecom Test Center.」
In line with the funding policy of using borrowings for large capital investments, long-term borrowings for construction of the test center were increased. - FY2020AdvancedAnnual report
「As development for 5G and next-generation communications standards is expected to continue, the Company raised working capital through short-term borrowings from financial institutions and also raised funds using stock acquisition rights.」
To support continued development for 5G and next-generation communications standards, the Company raised funds through short-term borrowings and stock acquisition rights. - FY2020-Q1AdvancedAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year were ¥1,378.766 million, an increase of ¥37.545 million from the end of the previous consolidated fiscal year. The main factors were a ¥75.978 million decrease in income taxes payable and a ¥100.000 million increase in short-term borrowings.」
In connection with the policy of relying primarily on cash flow from operating activities and internal funds while using borrowings as needed, short-term borrowings increased by ¥100.000 million from the end of the previous consolidated fiscal year. - FY2019AdvancedAnnual report
「During the consolidated fiscal year, research and development of new products for test solutions compatible with fifth-generation (5G) mobile communications standards accelerated in the Company's core Mobile Network Solution business. As this investment is expected to continue, the Company raised funds from financial institutions through short- and long-term borrowings for working capital.」
As research and development of new 5G products accelerated, the Company drew ¥800.000 million in short-term borrowings and raised ¥300.000 million through long-term borrowings. - FY2019-Q2AdvancedAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year were ¥1,156.320 million, an increase of ¥699.995 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥900.000 million in short-term borrowings.」
In connection with the funding policy of using borrowings for large capital investments and research and development, short-term borrowings increased from ¥300.000 million at the end of the first quarter to ¥900.000 million. - FY2019-Q1AdvancedAnnual report
「The main factors were increases of ¥300.000 million in short-term borrowings and ¥52.701 million in the provision for bonuses. Total overdraft facility limits ¥1,400.000 million ¥1,500.000 million Outstanding borrowings － 300,000」
The number of banks participating in the overdraft agreements increased from 4 to 5, the facility limit increased from ¥1,400.000 million to ¥1,500.000 million, and ¥300.000 million in short-term borrowings was drawn. - FY2018First statedAnnual report
「The Group's basic policy is to ensure a stable supply of the liquidity and funds required to operate its business. These funding needs are generally covered by cash flow from operating activities and internal funds, but when making large capital investments or when substantial research and development continues over an extended period, part of working capital is funded through borrowings from financial institutions.」
It separately describes a funding policy under which ordinary funding needs are covered by cash flow from operating activities and internal funds, while borrowings from financial institutions are used in addition when large capital investments or prolonged, substantial research and development continue.