Front-loaded R&D investment and rising funding needs
First written in FY2016. 2 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 18 of 34 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Large investment commitmentsAnnual report
「Our capital commitment is US$60 million (approximately ¥10 billion), but under a separate agreement, our total capital contributions will be capped at ¥10 billion, of which new cash contributions will be limited to a maximum of ¥5 billion. Any contributions exceeding this amount are expected to be funded primarily through the reinvestment of distributions from the fund.」
The company disclosed a total capital commitment cap of ¥10 billion and a maximum new cash contribution of ¥5 billion to the Pegasus Tech Ventures CVC fund, specifying its future investment funding needs. - FY2025-H1Cash Outflows from Financing ActivitiesAnnual report
「Net cash used in financing activities in the current six-month consolidated accounting period was ¥95 million, compared with a ¥266 million inflow in the same period of the previous year. This was mainly due to an ¥89 million cash outflow for repayments of lease liabilities.」
Financing cash flow changed from a ¥266 million inflow in the same period of the previous year, mainly from contributions by external investors to the CEJ Fund and other items, to a ¥95 million outflow in the current interim period, mainly due to repayments of lease liabilities. Cash and cash equivalents also decreased from ¥5,155 million to ¥4,123 million. - FY2024-Q3Continued CEJ Fund contributions and distributionsAnnual report
「Net cash provided by financing activities in the first nine months of the current consolidated fiscal year was ¥213 million, compared with ¥1,265 million in the same period of the previous year. This was mainly because, although ¥320 million in distributions and redemptions to external investors in the CEJ Fund was recognized, ¥680 million in contributions from external investors to the CEJ Fund was also recognized.」
The CEJ Fund received ¥680 million in contributions from external investors, while recognizing ¥320 million in distributions and redemptions, resulting in a ¥213 million cash inflow from financing activities. - FY2024-Q2CEJ Fund contributions and distributionsAnnual report
「Net cash provided by financing activities in the first six months of the current consolidated fiscal year was ¥266 million, compared with ¥1,311 million in the same period of the previous year. This was mainly because, although ¥320 million in distributions and redemptions to external investors in the CEJ Fund was recognized, ¥680 million in contributions from external investors to the CEJ Fund was also recognized.」
The CEJ Fund received ¥680 million in contributions from external investors, while recognizing ¥320 million in distributions and redemptions, resulting in a ¥266 million cash inflow from financing activities. - FY2024-Q1Continued CEJ Fund contributionsAnnual report
「Net cash provided by financing activities in the first quarter of the current consolidated cumulative period was ¥639 million, compared with ¥649 million in the same quarter of the previous year. This was mainly due to the recognition of ¥680 million in contributions from external investors to the CEJ Fund.」
Continued contributions from external investors to the CEJ Fund were the main source of the ¥639 million cash inflow from financing activities. - FY2023-Q2Increase in CEJ Fund contributionsAnnual report
「Net cash provided by financing activities in the first six months of the current consolidated fiscal year was ¥1,311 million, compared with ¥605 million in the same period of the previous year. This was mainly due to the recognition of ¥1,380 million in contributions from external investors to the CEJ Fund.」
Contributions from external investors to the CEJ Fund totaled ¥1,380 million and were the main source of the cash inflow from financing activities. - FY2023-Q1Cash inflow from external investor contributions to the CEJ FundAnnual report
「Net cash provided by financing activities in the first quarter of the current consolidated cumulative period was ¥649 million, compared with an outflow of ¥21 million in the same quarter of the previous year. This was mainly due to the recognition of ¥680 million in contributions from external investors to the CEJ Fund.」
Financing activities generated an inflow of ¥649 million, mainly due to ¥680 million in contributions from external investors to the CEJ Fund. - FY2020Borrowings incurredAnnual report
「Bonds and borrowings 88」
Although there were no bonds or borrowings at the end of the previous fiscal year, the company recognized ¥88 million in bonds and borrowings, including short-term borrowings, at the end of the current fiscal year. It also stated that it held cash on hand and had secured sufficient liquidity. - FY2019RestatedAnnual report
「Our group generally uses internal funds to meet funding needs for working capital, development investment and other purposes. As of the end of the consolidated fiscal year, as at the end of the previous consolidated fiscal year, the group had no borrowings from financial institutions or other lenders, held sufficient cash on hand to maintain its business activities, and believes it had secured sufficient liquidity.」
The company has reaffirmed its explanation that it primarily relies on internal funds to meet funding needs and has secured sufficient liquidity without borrowings. - FY2018MitigatedAnnual report
「Our group generally uses internal funds to meet funding needs for working capital, development investment and other purposes. As of the end of the consolidated fiscal year, as at the end of the previous consolidated fiscal year, the group had no borrowings from financial institutions or other lenders, held sufficient cash on hand to maintain its business activities, and believes it had secured sufficient liquidity.」
In response to the risk of increased funding needs, the company states that it primarily relies on internal funds and has secured sufficient liquidity without borrowings. Meanwhile, cash flow from operating activities was an outflow of ¥53 million. - FY2017RestatedAnnual report
「Funding needs for working capital, R&D investment, capital investment and M&A, among other items, are expected to increase as the business progresses. Although the group will continue working to strengthen its financial base, its financial position and operating performance could be affected depending on its ability to secure earnings or raise funds.」
The company continues to disclose funding needs and funding risks associated with R&D, capital investment, M&A and other activities. - FY2016First statedAnnual report
「Funding needs for working capital, R&D investment, capital investment and M&A, among other items, are expected to increase as the business progresses.」
Against the backdrop of continued operating losses, the company identifies as a risk the possibility of increased funding needs for working capital, R&D, capital investment and M&A.