Capital Management Focused on Balancing Capacity for Business Investment and Returns on Capital
First written in FY2017. 5 of 19 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-08-06.
The whole theme swung hardest in 2017: 3 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「Regarding our near-term financing capacity, in addition to ample cash and cash equivalents, we have secured sufficient overdraft facilities and corporate bond (CP) issuance capacity. Net DER, which has been maintained at a sound level, was negative 0.07x.」
The Company has reaffirmed its sufficient financing capacity and maintenance of a sound net DER. - FY2026Net DER changed to △0.11xAnnual report
「The Company has also secured ample cash and cash equivalents, sufficient overdraft facilities, and corporate bond (CP) issuance capacity for the time being. Net DER, which has been maintained at a sound level, is △0.11x, putting the Company in a substantially debt-free position.」
Against a policy of prioritising a balance between capacity for business investment and financial soundness, net DER changed from the immediately preceding negative 0.07 times to negative 0.11 times. - FY2026-H1Net DER changed to △0.07xAnnual report
「Regarding our near-term financing capacity, in addition to ample cash and cash equivalents, we have secured sufficient overdraft facilities and corporate bond (CP) issuance capacity. Net DER, which has been maintained at a sound level, was negative 0.07x.」
Against a policy of prioritising a balance between capacity for business investment and financial soundness, net DER changed from negative 0.17 times at the end of the previous consolidated fiscal year to negative 0.07 times. - FY2025-H1Net DER changed to △0.16xAnnual report
「For the time being, the Company has secured ample cash and cash equivalents, sufficient overdraft facilities, and corporate bond (CP) issuance capacity. Net DER, which has been maintained at a sound level, is △0.16x.」
Against a policy of prioritising a balance between capacity for business investment and financial soundness, net DER changed from negative 0.17 times at the end of the previous consolidated fiscal year to negative 0.16 times. - FY2024Net DER changed to negative 0.17 timesAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.17 times, indicating that the Company was effectively debt-free.」
While explaining that it had secured sufficient financing capacity and maintained an effectively debt-free position, the Company reported net DER of negative 0.17 times. - FY2024-Q3Net DER changed to △0.11xAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.11 times.」
Against a policy of prioritising a balance between capacity for business investment and financial soundness, net DER changed from negative 0.12 times at the end of the previous fiscal year to negative 0.11 times. - FY2024-Q2Net DER changed to negative 0.13 timesAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was negative 0.13 times.」
While maintaining its explanation that it had secured financing capacity, the Company reported that net DER changed from negative 0.12 times at the end of the previous fiscal year to negative 0.13 times. - FY2024-Q1Net DER changed to negative 0.21 timesAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.21 times.」
While maintaining its explanation that it had secured financing capacity, the Company reported that net DER changed from negative 0.12 times at the end of the previous fiscal year to negative 0.21 times. - FY2023Net DER changed to negative 0.12 timesAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.12 times, indicating that the Company was effectively debt-free.」
While maintaining its explanation that it had secured sufficient cash, overdraft facilities, and commercial paper and CP issuance capacity, the Company reported that net DER changed from negative 0.04 times at the end of the previous fiscal year to negative 0.12 times. - FY2023-Q2Net DER returned to negativeAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was negative 0.01 times.」
While maintaining its explanation that it had secured sufficient financing capacity, the Company reported that net DER changed from the previous 0.01 times to negative 0.01 times, returning to negative territory on a numerical basis. - FY2023-Q1Net DER turned positiveAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was 0.01 times.」
While explaining that it continued to secure financing capacity, the Company reported that net DER changed from the previous negative 0.04 times to 0.01 times, turning positive on a numerical basis. - FY2022Net DER changed to negative 0.04 timesAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.04 times, indicating that the Company was effectively debt-free.」
The Company explained that it maintained sufficient financing capacity and an effectively debt-free position, while net DER changed from the previously reported negative 0.01 times to negative 0.04 times. - FY2022-Q3Net DER changed to negative 0.01 timesAnnual report
「Net DER, which the Company has maintained at a sound level, was negative 0.01 times, indicating that the Company was effectively debt-free.」
While explaining that it had secured sufficient financing capacity and maintained an effectively debt-free position, the Company reported that net DER changed from the previously reported negative 0.17 times to negative 0.01 times. - FY2022-Q2AdvancedAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was negative 0.17 times, indicating that the Company was effectively debt-free.」
The Company reconfirmed its financing capacity and effectively debt-free position, while net DER changed from the previously reported negative 0.13 times to negative 0.17 times. - FY2021-Q3AdvancedAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was negative 0.13 times, indicating that the Company was effectively debt-free.」
The Company has secured cash, overdraft facilities, and commercial paper (CP) issuance capacity. Net DER changed from the previously reported negative 0.10 times to negative 0.13 times, indicating that the Company was effectively debt-free. - FY2021-Q2AdvancedAnnual report
「With regard to financing capacity for the foreseeable future, in addition to ample cash and cash equivalents, the Company has secured sufficient overdraft facilities and commercial paper (CP) issuance capacity. Net DER, which the Company has maintained at a sound level, was negative 0.10 times, indicating that the Company was effectively debt-free.」
The Company has secured cash and cash equivalents, overdraft facilities, and commercial paper and CP issuance capacity, and is effectively debt-free, with net DER at negative 0.10 times. - FY2021-Q1AdvancedAnnual report
「This was mainly attributable to ¥10,000 million raised through commercial paper (CP) and borrowings in response to COVID-19, ¥2,837 million in repayments of lease liabilities, and ¥2,599 million in dividend payments to the Company's shareholders, among other factors.」
In response to COVID-19, the Company raised ¥10,000 million through commercial paper and borrowings and carried out financing and financial management across the Group. - FY2020-Q3AdvancedAnnual report
「As a result of strengthening financial management across the Group through measures including the introduction of a group financing system, net cash provided by financing activities was an outflow of ¥17,854 million.」
The Company states that it strengthened financial management across the Group through measures including the introduction of a group financing system for transferring funds among Group companies. - FY2017First statedAnnual report
「The Group aims to secure financial soundness and flexibility for future business investment, and to maintain a balanced capital structure in terms of return on capital.」
The Company prioritises financing capacity for future business investment, financial soundness and flexibility, and a balance in return on capital.