Stable Funding for Growth Investment and Containing Funding Costs
First written in FY2018. 11 of 23 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Regarding liquidity, the Company held ¥6,507 million in cash and cash equivalents at the end of the consolidated fiscal year. In addition, it has entered into overdraft agreements and commitment line agreements with multiple financial institutions to efficiently procure working capital and secure funds flexibly, establishing a framework to maintain sufficient cash liquidity even in unforeseen circumstances.」
The Company secured ¥6,507 million in cash and cash equivalents, overdraft agreements and commitment line agreements, while short-term borrowings decreased by ¥1,369 million from the end of the previous fiscal year. The disclosure indicates progress in liquidity preservation and the repayment of borrowings. - FY2026-H1MitigatedAnnual report
「At the end of the interim consolidated fiscal period, liabilities had decreased by ¥1,133 million from the end of the previous consolidated fiscal year to ¥4,933 million. The main component of the decrease in liabilities was a ¥1,551 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥1,551 million, and total liabilities decreased by ¥1,133 million. The interim period also confirmed continued repayment of borrowings and a reduction in financial burdens from the previous fiscal year. - FY2025AdvancedAnnual report
「The funding needs of the Group include working capital for operating activities, as well as funds for capital investments in growth areas, including investments in production capacity expansion and research and development of new technologies to secure stable earnings from the automotive parts manufacturing business, and M&A investments aimed at developing and expanding new business areas.」
The Company identified production capacity expansion, research and development, and M&A investments as funding needs, and used ¥2,654 million in investing activities during the fiscal year. It secured ¥6,439 million in cash and cash equivalents and overdraft agreements with multiple financial institutions. - FY2025-H1Short-term borrowings increased due to borrowings by a subsidiaryAnnual report
「At the end of the interim consolidated fiscal period, liabilities had increased by ¥500 million from the end of the previous consolidated fiscal year to ¥6,892 million. The main component of the increase in liabilities was a ¥622 million increase in short-term borrowings. Short-term borrowings increased due to borrowings by an overseas consolidated subsidiary.」
Short-term borrowings increased by ¥622 million due to borrowings by an overseas consolidated subsidiary, and liabilities increased by ¥500 million. - FY2024MitigatedAnnual report
「Regarding liquidity, in addition to the ¥7,079 million in cash and cash equivalents held at the end of the consolidated fiscal year, the Company has entered into overdraft agreements with multiple financial institutions to efficiently procure working capital.」
The Company secured ¥7,079 million in cash and cash equivalents and overdraft agreements with multiple financial institutions. Short-term borrowings decreased by ¥695 million from the end of the previous fiscal year, indicating progress in liquidity preservation and the repayment of borrowings. - FY2024-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities had decreased by ¥330 million from the end of the previous consolidated fiscal year to ¥6,043 million. The main component of the decrease in liabilities was ¥636 million in short-term borrowings. Short-term borrowings decreased due to repayments by overseas consolidated subsidiaries.」
Short-term borrowings decreased by ¥636 million due to repayments by overseas consolidated subsidiaries, and total liabilities decreased by ¥330 million. Cash and deposits increased by ¥377 million, indicating progress in liquidity preservation and the repayment of borrowings. - FY2024-Q1MitigatedAnnual report
「The main component of the increase in total assets was a ¥1,328 million increase in cash and deposits. Short-term borrowings decreased by ¥187 million, and long-term borrowings, including long-term borrowings due within one year, decreased by ¥55 million. Both short-term and long-term borrowings decreased due to repayments and other factors at overseas consolidated subsidiaries.」
Cash and deposits increased by ¥1,328 million, while short-term borrowings decreased by ¥187 million and long-term borrowings and other borrowings decreased by ¥55 million. The disclosure indicates continued liquidity preservation and progress in repaying borrowings from the previous fiscal year. - FY2023MitigatedAnnual report
「Regarding liquidity, in addition to the ¥5,504 million in cash and cash equivalents held at the end of the consolidated fiscal year, the Company has entered into overdraft agreements with multiple financial institutions to efficiently procure working capital.」
The Company secured ¥5,504 million in cash and cash equivalents and overdraft agreements with multiple financial institutions. Both short-term and long-term borrowings decreased due to repayments and other factors. - FY2023-Q3Long-term borrowings declinedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities had decreased by ¥361 million from the end of the previous consolidated fiscal year to ¥6,950 million. The main components of the decrease in liabilities were ¥266 million in accrued income taxes and ¥165 million in long-term borrowings.」
Liabilities decreased by ¥361 million from the end of the previous consolidated fiscal year, while long-term borrowings also decreased by ¥165 million. No change in the overall financing policy was disclosed. - FY2023-Q2AdvancedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities had increased by ¥147 million from the end of the previous consolidated fiscal year to ¥7,458 million. The main component of the increase in liabilities was ¥464 million in short-term borrowings. Short-term borrowings increased due to working capital borrowings and the impact of the yen's depreciation.」
Short-term borrowings increased by ¥464 million due to working capital borrowings and the impact of the yen's depreciation. External financing to secure cash liquidity and working capital remains ongoing. - FY2023-Q1AdvancedAnnual report
「Short-term borrowings increased due to working capital borrowings and the impact of the yen's depreciation.」
The Company drew working capital borrowings, and short-term borrowings increased by ¥422 million from the end of the previous consolidated fiscal year. External financing to secure cash liquidity remains ongoing. - FY2022MitigatedAnnual report
「In addition to the ¥5,566 million in cash and cash equivalents held at the end of the consolidated fiscal year, the Company has entered into overdraft agreements with multiple financial institutions to efficiently procure working capital.」
Short-term borrowings decreased by ¥2,316 million net, while long-term borrowings also declined due to repayments. The Company secured ¥5,566 million in cash and cash equivalents and overdraft agreements with multiple financial institutions. The commitment line for liquidity purposes had ended in the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「In addition, the ¥2 billion commitment line agreement entered into with 3 transaction banks to address the prolonged impact of COVID-19 was terminated effective 1 October 2021, as improved operating cash flow has secured sufficient cash on hand.」
The ¥2 billion commitment line agreement with 3 transaction banks was terminated effective 1 October 2021 due to improved operating cash flow and secured cash on hand. - FY2021RestatedAnnual report
「On 1 October 2020, the Company entered into a commitment line agreement totalling ¥2 billion with 3 relationship banks as a means of responding to unforeseen circumstances, including changes in the business environment resulting from a prolonged impact of COVID-19 infections.」
The Company continues its policy of securing liquidity through borrowings from financial institutions, overdrafts and a commitment line totalling ¥2 billion, while relying primarily on operating cash flow and cash on hand. - FY2021-Q3AdvancedAnnual report
「Cash and deposits increased because the Company raised funds through borrowings from financial institutions to secure additional on-hand liquidity in response to changes in the business environment resulting from the spread of COVID-19 infections. In addition, on 1 October 2020, the Company entered into a commitment line agreement totalling ¥2 billion with 3 relationship banks as a means of responding to unforeseen circumstances, including changes in the business environment resulting from a prolonged impact of COVID-19 infections.」
The Company secured on-hand liquidity through borrowings from financial institutions and, on 1 October 2020, entered into a commitment line agreement totalling ¥2 billion with 3 relationship banks. Concrete measures to address funding risk are taking shape. - FY2021-Q2AdvancedAnnual report
「Cash and deposits increased because the Company raised funds through borrowings from financial institutions to secure additional on-hand liquidity in response to changes in the business environment resulting from the spread of COVID-19 infections.」
In response to changes in the business environment caused by the pandemic, the Company secured on-hand liquidity through borrowings from financial institutions. Cash and deposits increased by ¥1,651 million and short-term borrowings by ¥1,563 million. - FY2021-Q1AdvancedAnnual report
「Cash and deposits increased because the Company raised funds through borrowings from financial institutions to secure additional on-hand liquidity in response to changes in the business environment resulting from the spread of COVID-19 infections.」
The Company borrowed from financial institutions to secure on-hand liquidity, increasing cash and deposits by ¥1,461 million and short-term borrowings by ¥1,183 million. Efforts to secure liquidity through funding are progressing in concrete terms. - FY2020AdvancedAnnual report
「We are working to secure additional liquidity and minimise funding risk in response to changes in the business environment resulting from the spread of COVID-19 infections and other factors.」
In addition to increasing borrowings for capital investment and working capital, the Company is securing liquidity by considering an overdraft agreement, expanded borrowing facilities and the introduction of a commitment line. - FY2020-Q3AdvancedAnnual report
「Short-term borrowings increased by ¥3,046 million due to increases in working capital and other items.」
In response to higher working-capital requirements and other factors, short-term borrowings increased by ¥3,046 million. The Company is making concrete progress in implementing its policy of financing the funds required for growth investment and business operations through external borrowings. - FY2020-Q2AdvancedAnnual report
「・Short-term borrowings increased by ¥1,446 million due to increases in working capital and other items.」
While continuing capital investment and other activities, the Company increased short-term borrowings by ¥1,446 million in response to higher working-capital requirements and other factors, thereby securing external funding. - FY2019AdvancedAnnual report
「Borrowings to fund capital investment increased short-term borrowings by ¥518 million and long-term borrowings due within one year by ¥435 million.」
While relying primarily on operating cash flow and cash on hand for growth investment, the Company borrowed funds for capital investment. - FY2019-Q3AdvancedAnnual report
「Borrowings to fund capital investment increased short-term borrowings by ¥867 million and long-term borrowings due within one year by ¥285 million.」
The Company financed capital investment through borrowings, increasing short-term borrowings by ¥867 million and long-term borrowings due within one year by ¥285 million. This describes the concrete implementation of a funding policy based primarily on operating cash flow and cash on hand, while also allowing market financing as an option. - FY2018First statedAnnual report
「As a general rule, the funds required for growth investment will be financed through operating cash flow generated by the business and cash on hand. For investments exceeding those sources, raising funds from the financial markets is also an option. We aim to balance stable funding with the control of funding costs so as not to lose growth opportunities.」
The Company stated for the first time that its funding policy is to rely primarily on operating cash flow and cash on hand for growth investment, while raising funds from the market as necessary.