Funding policy based primarily on cash flow from operating activities
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2026.
38 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a general rule, funds required to meet our funding needs will be sourced from cash flow from operating activities. However, when addressing substantial funding needs such as capital expenditures, we plan to borrow from banks and other financial institutions in order to secure the liquidity required for business continuity and maintain financial soundness and stability. When raising funds, we will select the optimal financing method after taking into account the borrowing period, market interest-rate trends and other factors.」
The company continues its policy of using operating cash flow as the primary source for ordinary funding needs and bank borrowings for large-scale capital expenditures and other purposes. - FY2022RestatedAnnual report
「As a general rule, funds required to meet our funding needs will be sourced from cash flow from operating activities. However, when addressing substantial funding needs such as capital expenditures, we plan to borrow from banks and other financial institutions in order to secure the liquidity required for business continuity and maintain financial soundness and stability.」
The company continues its policy of using operating cash flow as the primary source for ordinary funding needs and bank borrowings for large-scale capital expenditures and other purposes. - FY2021RestatedAnnual report
「As a general rule, funds required to meet our funding needs will be sourced from cash flow from operating activities. However, when addressing substantial funding needs such as capital expenditures, we plan to borrow from banks and other financial institutions in order to secure the liquidity required for business continuity and maintain financial soundness and stability.」
The company continues to use operating cash flow as the primary source for ordinary funding needs and bank borrowings for large-scale capital expenditures and other purposes. - FY2020First statedAnnual report
「As a general rule, funds required to meet our funding needs will be sourced from cash flow from operating activities. However, when addressing substantial funding needs such as capital expenditures, we plan to borrow from banks and other financial institutions in order to secure the liquidity required for business continuity and maintain financial soundness and stability. When raising funds, we will select the optimal financing method after taking into account the borrowing period, market interest-rate trends and other factors.」
The company has, for the first time, explicitly stated a financing policy under which ordinary funding needs are primarily financed by operating cash flow, while bank borrowings are used for large-scale capital expenditures and other purposes to maintain liquidity and financial soundness and stability.