Increase in SPC Borrowings as the Mega-Solar Business Progresses
First written in FY2017-Q1. 28 of 36 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-08-14.
Japan Asia Investment moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Worsened".
- 2026-08-14WorsenedEarnings
「The balance of project finance and bonds related to projects operated by our group was ¥7,964 million, compared with ¥7,507 million.」
The balance of project finance and bonds increased by ¥457 million from the previous year-end. - FY2026WorsenedAnnual report
「Project finance, corporate bonds and other financing related to project investments increased from ¥3,921 million to ¥7,507 million. The balance increased from the end of the previous consolidated fiscal year because borrowings and corporate bonds of a fund holding logistics facilities were added through an M&A transaction.」
Project finance, corporate bond and other balances increased from ¥3,921 million to ¥7,507 million. The increase was attributable to the consolidation through M&A of borrowings and corporate bonds of a fund holding logistics facilities. - FY2026-H1WorsenedAnnual report
「The remaining balance comprises project finance and corporate bond balances of ¥4,244 million (¥3,921 million in the previous fiscal year) for projects operated by the Group. The balance increased from the end of the previous consolidated fiscal year because new borrowings were undertaken for a group-home project for people with disabilities.」
Project finance and corporate bond balances increased from ¥3,921 million to ¥4,244 million. New borrowings for a group-home project for people with disabilities were a contributing factor. - FY2025MitigatedAnnual report
「The balance decreased from the end of the previous consolidated fiscal year in connection with the sale of mega-solar and group-home projects for people with disabilities.」
Project finance and corporate bond balances decreased from ¥5,519 million to ¥3,921 million. Borrowings were reduced in connection with project sales. - FY2025-H1WorsenedAnnual report
「The remaining balance comprises project finance and corporate bond balances of ¥7,214 million (¥5,519 million in the previous fiscal year) for projects operated by the Group. The balance increased from the end of the previous consolidated fiscal year because new borrowings were undertaken for mega-solar and group-home projects for people with disabilities.」
Project finance and corporate bond balances increased by ¥1,695 million from ¥5,519 million to ¥7,214 million. New borrowings were undertaken for mega-solar and group-home projects for people with disabilities. - FY2024-Q3WorsenedAnnual report
「The remaining balance comprises project finance and other corporate bond balances of ¥4,799 million (¥3,856 million in the previous fiscal year) for projects operated by the Group. The balance increased from the end of the previous consolidated fiscal year because new borrowings were undertaken for mega-solar and group-home projects for people with disabilities.」
Project finance, corporate bond and other balances increased from ¥3,856 million to ¥4,799 million. New borrowings were undertaken for mega-solar and group-home projects for people with disabilities. - FY2024-Q2WorsenedAnnual report
「The remaining balance comprises project finance and other corporate bond balances of ¥4,638 million (¥3,856 million in the previous fiscal year) for projects operated by the Group. The balance increased from the end of the previous consolidated fiscal year because new borrowings were undertaken for mega-solar and group-home projects for people with disabilities.」
Project finance, corporate bond and other balances increased from ¥3,856 million to ¥4,638 million. The increase was attributed to new borrowings for mega-solar and group-home projects for people with disabilities. - FY2024-Q1RestatedAnnual report
「The remaining balance comprises project finance and corporate bond balances of ¥3,857 million (¥3,856 million in the previous fiscal year) for projects operated by the Group. New borrowings and repayments were approximately equal, leaving the balance at approximately the same level as at the end of the previous consolidated fiscal year.」
Project finance and corporate bond balances were broadly unchanged, increasing from ¥3,856 million to ¥3,857 million, as new borrowings and repayments were approximately equal. - FY2023-Q3WorsenedAnnual report
「Project finance and corporate bonds for projects operated by the Group also increased by ¥332 million from the end of the previous consolidated fiscal year, as new borrowings exceeded repayments.」
Project finance and corporate bond balances increased by ¥332 million from ¥3,578 million to ¥3,911 million. The Company explained that only project assets and earnings are used as sources of repayment, limiting the impact on financial soundness. - FY2023-Q2WorsenedAnnual report
「Project finance and corporate bonds for projects operated by the Group also increased from the end of the previous consolidated fiscal year, as new borrowings exceeded repayments.」
Project finance and corporate bond balances increased from ¥3,578 million to ¥3,842 million. - FY2023-Q1WorsenedAnnual report
「Project finance and corporate bonds for projects operated by the Group also increased from the end of the previous consolidated fiscal year, as new borrowings exceeded repayments.」
Project finance and corporate bond balances increased from ¥3,578 million to ¥3,690 million, as new borrowings exceeded repayments. - FY2022MitigatedAnnual report
「Project finance and corporate bonds for projects operated by the Group decreased substantially from the end of the previous consolidated fiscal year because the Group sold one large megasolar project.」
Project finance and corporate bonds decreased substantially from ¥8,039 million to ¥3,578 million. - FY2022-Q3MitigatedAnnual report
「Project finance and corporate bonds for projects operated by the Group decreased by ¥72 million from the end of the previous fiscal year as a result of repayments.」
Project finance and corporate bonds decreased from ¥8,039 million at the end of the previous fiscal year to ¥7,967 million, with the reduction resulting from repayments rather than new fundraising. - FY2022-Q2MitigatedAnnual report
「Project finance and corporate bonds for projects operated by the Group decreased by ¥137 million from the end of the previous consolidated fiscal year as a result of repayments.」
Project finance and corporate bonds decreased from ¥8,039 million to ¥7,902 million, with the balance reduced through repayments rather than new fundraising. - FY2022-Q1MitigatedAnnual report
「Project finance and corporate bonds for projects operated by the Group decreased by ¥157 million from the end of the previous consolidated fiscal year as a result of repayments, since no new funds were raised.」
Project finance and corporate bonds decreased from ¥8,039 million to ¥7,882 million, with no new funds raised. - FY2021MitigatedAnnual report
「The remaining amount was ¥8,039 million in project finance and corporate bonds for projects operated by the Group (¥9,167 million in the same period).」
Project finance and corporate bonds decreased by ¥1,128 million from the end of the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「The balance of project finance and corporate bonds for projects operated by the Group was ¥9,674 million (¥9,167 million in the same period). This increased from the end of the previous consolidated fiscal year because the Group raised new funds.」
Project finance and corporate bonds increased from ¥9,167 million at the end of the previous fiscal year to ¥9,674 million. - FY2021-Q2WorsenedAnnual report
「The balance of project finance and corporate bonds for projects operated by the Group was ¥11,715 million (¥9,167 million in the same period). This increased from the end of the previous consolidated fiscal year because the Group raised new funds.」
Project finance and corporate bonds increased from ¥9,167 million at the end of the previous fiscal year to ¥11,715 million. - FY2021-Q1WorsenedAnnual report
「The balance of project finance and corporate bonds for projects operated by the Group was ¥13,062 million (¥9,167 million in the same period). This increased from the end of the previous consolidated fiscal year because the Group raised new funds.」
Project finance and corporate bonds increased from ¥9,167 million at the end of the previous fiscal year to ¥13,062 million. - FY2020-Q3WorsenedAnnual report
「The remaining amount was ¥12,158 million in project finance and corporate bonds for projects operated by the Group (¥9,768 million in the same period).」
Project finance and corporate bonds increased from ¥9,768 million at the end of the previous fiscal year to ¥12,158 million. - FY2020-Q2WorsenedAnnual report
「The remaining amount was ¥11,369 million in project finance and corporate bonds for projects operated by the Group (¥9,768 million in the same period).」
Project finance and corporate bonds increased from ¥9,768 million at the end of the previous fiscal year to ¥11,369 million. The Company explained that repayment would rely solely on project assets and earnings and would not affect its financial soundness. quantified=true, materialized=false. - FY2020-Q1WorsenedAnnual report
「The remaining amount was ¥11,096 million in project finance borrowings for projects operated by the Group (¥9,768 million in the same period).」
Project finance borrowings increased from ¥9,768 million at the end of the previous fiscal year to ¥11,096 million. The Company also stated that it intends to make leveraged investments using only project assets and earnings as repayment sources, without compromising its financial soundness. - FY2019WorsenedAnnual report
「The remaining amount was ¥9,768 million in project finance and other financing for projects operated by the Group (¥6,412 million in the same period).」
Project finance and other financing increased from ¥6.412 billion at the end of the previous fiscal year to ¥9.768 billion. - FY2019-Q3WorsenedAnnual report
「The remaining amount was ¥11,021 million in borrowings through project finance and other financing for projects operated by the Group (¥6,412 million in the same period).」
Borrowings through project finance and other financing increased from ¥6,412 million at the end of the previous fiscal year to ¥11,021 million. - FY2019-Q2WorsenedAnnual report
「The remaining amount was ¥9,528 million in borrowings through project finance and other financing by funds that were consolidated subsidiaries (¥6,412 million in the same period).」
Borrowings through project finance and other financing by the funds increased by ¥3,116 million from the end of the previous fiscal year to ¥9,528 million. - FY2019-Q1WorsenedAnnual report
「The remaining amount was ¥8,659 million in project finance and other borrowings by tokumei kumiai that were consolidated subsidiaries (¥6,412 million in the same period).」
Project finance and other borrowings related to the renewable energy business increased by ¥2,247 million from the end of the previous fiscal year. - FY2018WorsenedAnnual report
「The remaining amount was ¥6,412 million in project finance and other debt outstanding at consolidated tokumei kumiai related to renewable energy investments (¥4,205 million in the same period).」
Project finance and other debt outstanding related to the renewable energy business increased from ¥4,205 million at the end of the previous fiscal year to ¥6,412 million. - FY2018-Q3WorsenedAnnual report
「The remaining amount was ¥6,892 million in project finance and other debt outstanding at consolidated tokumei kumiai invested in through the renewable energy investment business (¥4,205 million in the same period).」
Project finance and other debt outstanding related to the renewable energy business increased from ¥4,205 million at the end of the previous consolidated fiscal year to ¥6,892 million. - FY2018-Q2WorsenedAnnual report
「The remaining amount was ¥5,850 million in project finance and other debt outstanding at consolidated tokumei kumiai invested in through the renewable energy investment business (¥4,205 million in the same period).」
Project finance and other debt outstanding related to the renewable energy business increased from ¥4,205 million at the end of the previous consolidated fiscal year to ¥5,850 million. - FY2018-Q1WorsenedAnnual report
「The remaining amount was ¥4,757 million in project finance and other debt outstanding at consolidated tokumei kumiai and similar entities invested in through the renewable energy investment business (¥4,205 million in the same period).」
Project finance and other debt outstanding related to the renewable energy business increased by ¥552 million from the end of the previous consolidated fiscal year. - FY2017WorsenedAnnual report
「The amount was ¥4,205 million in borrowings and lease liabilities of special-purpose companies for project finance and other purposes related to the renewable energy investment business (¥2,746 million at the end of the previous consolidated fiscal year).」
Borrowings and lease liabilities of SPCs related to the renewable energy business increased from ¥2,746 million to ¥4,205 million. - FY2017-Q3WorsenedAnnual report
「The remaining amount was ¥3,355 million in project finance and other debt outstanding at consolidated tokumei kumiai and similar entities invested in through the megasolar investment business (¥2,746 million at the end of the previous consolidated fiscal year).」
Debt outstanding at SPCs and similar entities related to the megasolar business increased by ¥220 million, from ¥3,135 million at the end of the second quarter, and by ¥609 million from the end of the previous consolidated fiscal year, to ¥3,355 million. - FY2017-Q2WorsenedAnnual report
「The remaining amount was ¥3,135 million in project finance and other debt outstanding at consolidated tokumei kumiai and similar entities invested in through the megasolar investment business (¥2,746 million at the end of the previous consolidated fiscal year).」
Debt outstanding at SPCs and similar entities related to the megasolar business increased from ¥2,746 million to ¥3,135 million. - FY2017-Q1First statedAnnual report
「Borrowings by SPCs for project finance and other purposes related to the megasolar investment business are expected to increase as the projects progress.」
In contrast to the reduction in the Company's borrowings on a non-consolidated basis, SPC borrowings related to the megasolar business are expected to increase in line with project progress.