Funding Working Capital and M&A with Free Cash Flow and Bank Borrowings
First written in FY2023. 5 of 8 entries say "Advanced", first in FY2024-Q3. Latest entry: 2026-07-15.
91 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「This primarily reflected ¥628.907 million in repayments of long-term borrowings, together with a net increase or decrease of ¥137.000 million in short-term borrowings and proceeds of ¥606.280 million from long-term borrowings.」
Under its policy of funding working capital and M&A with free cash flow and borrowings, the company increased short-term borrowings, drew down ¥606.280 million in long-term borrowings and repaid ¥628.907 million in long-term borrowings. - FY2025-H1AdvancedAnnual report
「Net cash provided by financing activities was ¥250.173 million (¥305.012 million provided in the same period of the previous year). This primarily reflected proceeds of ¥718.750 million from long-term borrowings, partly offset by ¥448.762 million in repayments of long-term borrowings.」
Under its funding policy centered on free cash flow and borrowings from financial institutions, the company drew down ¥718.750 million in long-term borrowings during the interim consolidated accounting period and also made repayments of ¥448.762 million. - FY2024AdvancedAnnual report
「Because there are no capital expenditure funding needs, working capital for the period between paying personnel expenses and receiving payment for sales, as well as M&A, constitutes our funding needs. Our basic policy is to fund these needs through our group's free cash flow and borrowings from financial institutions.」
The company continues to pursue a policy of funding working capital and M&A with free cash flow and bank borrowings. The balance of borrowings was ¥1,970.160 million. - FY2024-Q3AdvancedAnnual report
「We issued new shares through an international offering with a payment date of 30 April 2024, increasing capital stock and capital reserves by ¥889.732 million each.」
In addition to its previous funding policy centered on free cash flow and borrowings from financial institutions, the company completed an international offering of new shares, increasing capital stock and capital reserves. - FY2024-Q2ReframedAnnual report
「The principal uses of the proceeds from this international offering are as follows: (1) approximately ¥600 million by August 2026 for recruitment costs and personnel expenses to build the organization needed to achieve sustainable growth; and (2) approximately ¥1,384 million by August 2026 as reserve funds for strategic M&A to expand our business, primarily the engineer-matching business.」
In addition to its previous funding policy centered on free cash flow and borrowings from financial institutions, the company has disclosed a policy of combining an international offering of shares to secure funds for organizational development and strategic M&A. - FY2023First statedAnnual report
「Our basic policy is to fund operations through our group's free cash flow and borrowings from financial institutions. We are working to increase operating cash flow through efficient personnel allocation and the collection of receivables, while seeking to maintain financial soundness by increasing the proportion of long-term borrowings. The balance of borrowings at the end of the consolidated fiscal year was ¥1,812.454 million.」
The company has explicitly stated for the first time that working capital and M&A are its funding needs and that free cash flow and bank borrowings are its basic sources of funds. The balance of borrowings was ¥1,812.454 million.