Financial policy of financing M&A investment funds with short-term borrowings
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2026-H1.
2 other companies' latest entry also says "Other".
- FY2026-H1Additional long-term borrowing executed for acquisition funding and working capitalAnnual report
「This was mainly attributable to a ¥6,800 million increase from new long-term borrowings, a ¥7,648 million decrease in short-term borrowings, ¥1,334 million in repayments of long-term borrowings and ¥369 million in dividend payments.」
While short-term borrowings declined, ¥6,800 million in new long-term borrowings was executed. Additional syndicated borrowing agreements were also entered into for the acquisition of 池田産業 and for working capital. - FY2025-H1New working capital borrowing executedAnnual report
「In order to raise working capital efficiently, we entered into a syndicated loan agreement dated 26 March 2025, with 株式会社みずほ銀行 acting as arranger. The outstanding balance of borrowings under this agreement is as follows.」
A syndicated loan agreement was entered into on 26 March 2025 to fund working capital, and the outstanding borrowing balance was ¥5,000 million at the end of the interim period. - FY2024Funding lines maintained and borrowings reducedAnnual report
「For working capital, capital expenditures and M&A and other investments, our group is considering and implementing diversified funding measures, including the use of internal funds, borrowings from financial institutions and the securitisation of trade receivables. Working capital is generally funded with internal funds and short-term borrowings from financial institutions, while large-scale facilities and M&A investments are generally funded with long-term borrowings from financial institutions.」
The policy of generally funding working capital with internal funds and short-term borrowings and large-scale facilities and M&A investments with long-term borrowings was continued. The balance of long-term borrowings was ¥3,445 million, and total committed credit lines were ¥13,000 million. - FY2020RestatedAnnual report
「Working capital is generally funded with internal funds and short-term borrowings from financial institutions, while large-scale facilities and M&A investments are generally funded with long-term borrowings from financial institutions.」
The company reconfirmed its financial policy of generally funding working capital with internal funds and short-term borrowings and large-scale facilities and M&A investments with long-term borrowings. The balance of long-term borrowings was ¥5,965 million. - FY2020-Q1M&A funding raised through a 10-year loanAnnual report
「At a meeting of our Board of Directors held on 24 January 2020, we resolved to borrow from a bank the funds required to acquire shares in スペラファーマ株式会社 and executed the borrowing as follows.」
The company borrowed ¥6,350 million to fund the acquisition of スペラファーマ and executed a 10-year loan with a repayment date of 28 February 2030. The financing terms were specified in detail, compared with the previously stated policy of funding M&A investments with short-term borrowings. - FY2018First statedAnnual report
「Working capital and M&A investment funds are financed with short-term borrowings, while long-term funds for production facilities and other purposes are financed with long-term, floating-rate borrowings.」
The financial policy of funding working capital and M&A investments with short-term borrowings and long-term funds for production facilities and other purposes with long-term borrowings was explicitly stated.