Funding policy to finance business growth and capital investment through internal funds and borrowings
First written in FY2018. 3 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The total amount of overdraft limits and commitment lines was ¥38,650 million, the outstanding amount drawn was ¥250 million, and the undrawn amount was ¥38,400 million.」
The company expanded the total amount of overdraft facilities and commitment lines to ¥38,650 million to fund growth investment and equipment renewal and prepare for economic downturns. - FY2024RestatedAnnual report
「However, to meet increased demand for long-term funds needed to strengthen the business foundation and achieve further growth, including the distinctive working capital requirements of the newbuild and repair ship businesses, longer construction periods for environmentally compliant vessels, increased R&D, the renewal and expansion of aging equipment at 函館どつく株式会社 and 佐世保重工業株式会社, and the conversion of factories including the company's Imari facility into smart factories, we will consider all funding measures, including increasing long-term borrowings and overdraft facilities, in addition to direct financing, with the understanding and cooperation of relationship banks and others and subject to an interest-bearing debt ratio limit of 80%.」
The company continues its funding policy of increasing long-term borrowings and overdraft facilities, among other measures, subject to an interest-bearing debt ratio limit of 80%, and has specified the funding needs for growth investment and equipment renewal. - FY2023ReframedAnnual report
「To secure the investment funds essential for corporate growth, and with the understanding and cooperation of shareholders, relationship banks and others, we will consider issuing bonds, raising capital and increasing long-term borrowings, subject to an interest-bearing debt ratio limit of 80%.」
The existing funding policy, subject to an interest-bearing debt ratio limit of 80%, now explicitly includes funding measures such as a capital increase. - FY2023-Q2SoftenedAnnual report
「To maintain and grow the business, and with the understanding and cooperation of relationship banks and others, we will consider securing the capital investment funds essential for sustainable corporate growth by increasing long-term borrowings and issuing bonds, subject to an interest-bearing debt ratio limit of 80%.」
The policy of securing capital investment funds through increased long-term borrowings and bond issuance continues, but the limit for the interest-bearing debt ratio has been lowered to 80% from the previously stated 100%. - FY2023-Q1RaisedAnnual report
「With the understanding and cooperation of relationship banks and others, we will consider securing the capital investment funds essential for sustainable corporate growth by increasing long-term borrowings and issuing bonds, subject to an interest-bearing debt ratio limit of 100%.」
The company explicitly stated that, in addition to its existing funding policy based on internal funds and borrowings from financial institutions, it would consider increasing long-term borrowings and issuing bonds to secure capital investment funds, subject to an interest-bearing debt ratio limit of 100%. - FY2021AdvancedAnnual report
「We have entered into commitment line agreements with domestic financial institutions and established a framework capable of responding to unforeseen events, including the current COVID-19 pandemic.」
In addition to a funding policy based primarily on internal funds and bank borrowings, the company outlined a funding framework using commitment lines to address unforeseen events. - FY2019RestatedAnnual report
「Funding needs required for sustainable business growth and future business strategies will be met through internal funds and financing obtained through borrowings from financial institutions and other means.」
The company continues its policy of funding the capital required for business growth and strategy through internal funds and borrowings from financial institutions and other sources. - FY2018First statedAnnual report
「Funding needs required for sustainable business growth and future business strategies will be met through internal funds and financing obtained through borrowings from financial institutions and other means.」
The company explicitly states its policy of funding the capital required for sustainable growth and business strategies through internal funds and borrowings from financial institutions and other sources.