Funding Working Capital and Capital Expenditures Through Internal Funds and Borrowings
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2025.
Aisan Industry moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
3 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Group currently uses a CMS (cash management service) for working capital at the company and certain domestic consolidated subsidiaries, concentrating and centrally managing surplus funds held by each company at the company in order to improve funding efficiency. Capital expenditures are funded, in principle, through internal funds or borrowings.」
The funding policy has been revised from wording that included bond issuance to using internal funds or borrowings. Long-term borrowings at the end of the fiscal year were ¥51,528 million, up from ¥31,526 million at the end of the previous fiscal year. - FY2020ReframedAnnual report
「The Group currently uses a CMS (cash management service) for working capital at the company and certain domestic consolidated subsidiaries, concentrating and centrally managing surplus funds held by each company at the company in order to improve funding efficiency. Capital expenditures are funded, in principle, through internal funds, borrowings or the issuance of bonds.」
In addition to the previous policy of using internal funds, borrowings and bond issuance, the company explicitly states that it centrally manages surplus funds within the Group through the CMS to improve funding efficiency. - FY2019RestatedAnnual report
「The Group currently funds working capital and capital expenditures, in principle, through internal funds, borrowings or the issuance of bonds.」
The policy of funding working capital and capital expenditures through internal funds, borrowings and bond issuance continues. - FY2018ReframedAnnual report
「The Group currently funds working capital and capital expenditures, in principle, through internal funds, borrowings or the issuance of bonds.」
The issuance of bonds has been explicitly added to the previous funding policy of using internal funds or borrowings. Proceeds of ¥9,952 million from bond issuance were recognized during the fiscal year. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative period of the third quarter. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company continues to provide a comprehensive explanation that there are no material changes regarding the risks associated with the policy of funding working capital and capital expenditures through internal funds and borrowings. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the risks associated with the policy of funding working capital and capital expenditures through internal funds and borrowings. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the risks associated with the policy of funding working capital and capital expenditures through internal funds and borrowings. - FY2017First statedAnnual report
「The Group currently funds working capital and capital expenditures, in principle, through internal funds or borrowings.」
The company explicitly states its financial policy of funding working capital and capital expenditures, in principle, through internal funds or borrowings.