Funding Policy Based Primarily on Cash Flow from Operating Activities
First written in FY2020. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2023.
10 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「We fund working capital and capital expenditures through internal funds or borrowings.」
The company has maintained a funding policy based primarily on internal funds or borrowings, and has entered into an overdraft agreement for ¥350 million and a commitment line agreement for ¥3 billion. - FY2021AdvancedAnnual report
「We fund working capital and capital expenditures through internal funds or borrowings. Of borrowings, working capital is financed with short-term borrowings, while long-term funding for capital expenditures and other purposes is raised through long-term borrowings on favorable terms, taking interest-rate trends into consideration.」
The company reaffirmed its policy of using internal funds or borrowings, and had secured an overdraft limit and total lending commitments of ¥3.3 billion at the end of the fiscal year. - FY2020First statedAnnual report
「The Company's principal funding needs comprise settlement funds for merchandise purchases, operating expenses such as SG&A expenses, and capital expenditures including new-store openings and existing-store remodeling. The Company generally uses cash flow from operating activities as its source of funds and obtains bank loans as necessary.」
The Company first explicitly stated that cash flow from operating activities is its primary source of funds, supplemented by bank borrowing as necessary.