Strengthening the financial foundation with a focus on working capital efficiency and liquidity
First written in FY2020. 1 of 11 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
2 other companies' latest entry also says "Other".
- FY2026-H1Short-term borrowings continue to increaseAnnual report
「Total liabilities at the end of the current interim consolidated fiscal period increased by ¥960 million from the end of the previous consolidated fiscal year to ¥22.142 billion. This was mainly due to increases of ¥850 million in short-term borrowings and ¥615 million in notes and accounts payable—construction contracts and other items, partly offset by a ¥455 million decrease in accrued expenses under current liabilities and other.」
Short-term borrowings increased by ¥850 million from the end of the previous fiscal year, and the increase in short-term borrowings continued. - FY2025Slight decline in interest-bearing liabilities and facility maintainedAnnual report
「At the end of the current consolidated fiscal year, interest-bearing liabilities stood at ¥316 million. In addition, the Company entered into a commitment line agreement with its principal financial institutions for a total facility of ¥3 billion to provide flexible funding for working capital. As of 30 September 2025, there were no borrowings outstanding under the facility.」
Interest-bearing liabilities decreased from ¥347 million in the previous fiscal year to ¥316 million, while the ¥3 billion commitment line and zero borrowings outstanding were maintained. - FY2025-H1Short-term borrowings continue to increaseAnnual report
「Total liabilities at the end of the current interim consolidated fiscal period increased by ¥1.642 billion from the end of the previous consolidated fiscal year to ¥21.740 billion. This was mainly due to increases of ¥1.034 billion in short-term borrowings, ¥448 million in factoring payables and ¥234 million in notes and accounts payable—construction contracts and other items, partly offset by decreases of ¥268 million in accrued expenses under current liabilities and other and ¥252 million in advances received on construction contracts in progress.」
Short-term borrowings increased by ¥1.034 billion from the end of the previous fiscal year, confirming that the increase in borrowings seen in the previous fiscal year continued. - FY2024Lower interest-bearing liabilities and facility maintainedAnnual report
「These funding needs are generally met using internally generated funds from the operating cash flow of the Group's operating companies, although some funds are also raised through borrowings and other means. At the end of the current consolidated fiscal year, interest-bearing liabilities stood at ¥347 million. In addition, the Company entered into a commitment line agreement with its principal financial institutions for a total facility of ¥3 billion to provide flexible funding for working capital. As of 30 September 2024, there were no borrowings outstanding under the facility.」
While relying primarily on operating cash flow, the Company maintained interest-bearing liabilities of ¥347 million and a ¥3 billion commitment line with zero borrowings outstanding. - FY2024-Q2Continued increase in short-term borrowingsAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥431 million from the end of the previous consolidated fiscal year to ¥20.254 billion. This was mainly due to increases of ¥770 million in notes and accounts payable—construction contracts and other items and ¥709 million in short-term borrowings, partly offset by a ¥677 million decrease in accrued expenses under current liabilities and other.」
Short-term borrowings increased by ¥709 million from the end of the previous consolidated fiscal year, and the increase in short-term borrowings continued. - FY2024-Q1Continued increase in short-term borrowingsAnnual report
「Short-term borrowings increased by ¥417 million」
The increase in liabilities at the end of the first quarter was driven by a ¥417 million increase in short-term borrowings. The Company entered a phase of increasing borrowings, following the disclosure that borrowings outstanding at the end of the previous fiscal year were zero. - FY2023SoftenedAnnual report
「The Company entered into a commitment line agreement with its principal financial institutions for a total facility of ¥3 billion to provide flexible funding for working capital. As of 30 September 2023, there were no borrowings outstanding under the facility.」
While the total commitment line was reduced from ¥5 billion in the previous period to ¥3 billion, borrowings outstanding at the end of September 2023 were zero. - FY2023-Q2Short-term borrowings increasedAnnual report
「This was mainly due to increases of ¥823 million in notes and accounts payable—construction contracts and other items and ¥835 million in short-term borrowings, partly offset by a ¥526 million decrease in accrued expenses under current liabilities and other.」
The increase in liabilities at the end of the second quarter was driven by an ¥835 million increase in short-term borrowings. - FY2022RestatedAnnual report
「These funding needs are generally met using internally generated funds from the operating cash flow of the Group's operating companies, although some funds are also raised through borrowings and other means. At the end of the current consolidated fiscal year, interest-bearing liabilities stood at ¥661 million. In addition, the Company entered into a commitment line agreement with its principal financial institutions for a total facility of ¥5 billion to provide flexible funding for working capital. As of 30 September 2022, there were no borrowings outstanding under the facility.」
The Company reconfirmed its financial policy of relying primarily on operating cash flow and maintaining the ¥5 billion commitment line with zero borrowings outstanding. Interest-bearing liabilities amounted to ¥661 million. - FY2021AdvancedAnnual report
「These funding needs are generally met using internally generated funds from the operating cash flow of the Group's operating companies, although some funds are also raised through borrowings and other means. At the end of the current consolidated fiscal year, interest-bearing liabilities stood at ¥428 million. In addition, the Company entered into a commitment line agreement with its principal financial institutions for a total facility of ¥5 billion to provide flexible funding for working capital. As of 30 September 2021, there were no borrowings outstanding under the facility.」
In addition to a funding policy based primarily on operating cash flow, the Company secured a ¥5 billion commitment line and reported zero borrowings outstanding under the facility. - FY2020First statedAnnual report
「In addition, to create a sustainably developing company, we will cultivate personnel who demonstrate a willingness to take on challenges without fear of failure, improve the work environment to reduce long working hours while enabling more flexible workstyles, and strengthen our financial foundation so as to improve working capital efficiency and maintain liquidity.」
To support sustainable growth, the Company first identified improving working capital efficiency and maintaining liquidity as measures to strengthen its financial foundation.