Stabilizing the Financial Base through External Funding
First written in FY2016. 12 of 19 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2018: 1 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Total overdraft limit: ¥2,000 million; outstanding borrowings: —; unused amount: ¥2,000 million」
トレイダーズ証券’s overdraft limit increased from ¥1,000 million in the previous fiscal year to ¥2,000 million, expanding its funding capacity. - FY2026-H1AdvancedAnnual report
「Total overdraft limit and lending commitments: ¥1,300 million; outstanding borrowings: ¥200 million; unused amount: ¥1,100 million」
トレイダーズ証券’s total overdraft and lending commitments amounted to ¥1,300 million, up from ¥1,000 million at the end of the previous fiscal year. The company also reported outstanding borrowings of ¥200 million at the interim period-end. - FY2023-Q2AdvancedAnnual report
「Cash used in financing activities during the six-month consolidated period ended the second quarter exceeded cash provided by ¥552 million, compared with ¥95 million in the same period of the previous year. This was mainly because cash decreased through dividend payments of ¥320 million and ¥300 million in cash used to acquire treasury shares, despite ¥100 million in proceeds from long-term borrowings and other items.」
Although the company raised ¥100 million through long-term borrowings, financing activities resulted in net cash used of ¥552 million due to dividends and the acquisition of treasury shares. - FY2022-Q3RestatedAnnual report
「The company’s subsidiary, トレイダーズ証券, resolved at a meeting of its Board of Directors held on 15 October 2021 to issue domestic straight bonds as follows, and issued them accordingly.」
The company disclosed the issuance by トレイダーズ証券 of corporate bonds with a total face value of ¥600 million, a 4.5% interest rate and redemption on 22 October 2024, with the proceeds allocated to deposits with cover counterparties for FX trading. - FY2022-Q2AdvancedAnnual report
「The company’s subsidiary, トレイダーズ証券, resolved at a meeting of its Board of Directors held on 15 October 2021 to issue domestic straight bonds as follows, and issued them accordingly. Total issue amount ¥600,000,000 Issue date 22 October 2021 Interest rate 4.5% Maturity and redemption method Bullet redemption on 22 October 2024 Use of proceeds Deposits with cover counterparties in foreign exchange margin trading」
The subsidiary トレイダーズ証券 issued domestic straight bonds with a total face value of ¥600 million, with bullet redemption on 22 October 2024. The proceeds were used for deposits with cover counterparties in foreign exchange margin trading. - FY2021-Q2AdvancedAnnual report
「Cash provided by financing activities during the six-month consolidated period ended the second quarter exceeded cash used by ¥92 million, compared with ¥1.11 billion in the same period of the previous year. This was mainly because cash increased through ¥113 million in proceeds from an increase in short-term borrowings, despite ¥20 million in cash used for repayment of long-term borrowings.」
External funding continued through a ¥113 million increase in short-term borrowings. Although the amount was lower than in the same period of the previous year, financing activities generated net cash of ¥92 million. - FY2020-Q2AdvancedAnnual report
「Cash provided by financing activities during the six-month consolidated period ended the second quarter exceeded cash used by ¥1,111.587 million, compared with ¥592.945 million in the same period of the previous year. This was mainly because cash increased through a ¥977.5 million increase in short-term borrowings and ¥150 million in proceeds from the issuance of corporate bonds.」
External funding was carried out through a ¥977.5 million increase in short-term borrowings and ¥150 million in proceeds from the issuance of corporate bonds, resulting in net cash provided by financing activities of ¥1,111.587 million. - FY2020-Q1RestatedAnnual report
「To achieve funding on the scale required by the company, it will consider all possible funding methods, including equity financing such as a private placement and stock acquisition rights, as well as debt financing such as corporate bonds, and will make every effort to implement them at an early date.」
The company continues to pursue a funding policy that includes equity financing, such as private placements and stock acquisition rights, and debt financing, such as corporate bonds. - FY2019-Q3ReframedAnnual report
「The use of ¥80 million of the ¥370 million in unused funds allocated to “investment in renewable energy power plants and other facilities in Japan and overseas” was changed to “working capital for ZEエナジー’s renewable energy-related business.” The funds for this additional support were raised through the exercise of these Stock Acquisition Rights.」
Unused funds allocated to renewable energy investment were reallocated to working capital for ZEエナジー and the company. Following cancellation of the new business development project, the remaining funds were also reallocated to renewable energy investment, reorganizing the uses of proceeds. - FY2019-Q2AdvancedAnnual report
「トレイダーズ証券, the company’s consolidated subsidiary, resolved at a meeting of its Board of Directors held on 16 October 2018 to issue corporate bonds and issued them on 22 October 2018.」
In addition to funding through existing stock acquisition rights and other instruments, トレイダーズ証券 issued corporate bonds with a total face value of ¥250 million, securing long-term funding with bullet repayment on 22 October 2021. The proceeds were used for margin deposits with cover counterparties in foreign exchange margin trading. - FY2019-Q1ReframedAnnual report
「To pay these costs and other expenses, the company decided to change the use of ¥200.922 million in total, comprising ¥35.922 million in unused funds allocated to “capital increases by Traders Investment to fund support for venture companies as an accelerator” and ¥165 million of the ¥535 million allocated to “investment in renewable energy power plants and other facilities in Japan and overseas.” The funds will instead be used for “expenses of the external investigation committee and related costs” and “external consulting fees and related costs for the new business development project.”」
The use of ¥200.922 million raised through stock acquisition rights was reorganized from accelerator activities and renewable energy investment to external investigation committee expenses and external consulting fees related to new business development. - FY2018-Q3AdvancedAnnual report
「The company expects to meet near-term funding needs through borrowings from the founding family and funds raised through the exercise of the 12th series of stock acquisition rights, issued pursuant to a resolution of the Board of Directors dated 25 December 2017 and containing an exercise-price adjustment provision. For future funding needs, it plans to take measures as needed to stabilize its financial base by considering and implementing all possible funding methods.」
In addition to borrowings from the founding family, the issuance and exercise of the 12th series of stock acquisition rights were specified as near-term funding methods. - FY2018-Q2ReframedAnnual report
「Of the ¥360.815 million raised by 18 August 2017, the date on which the change in the use of proceeds was approved, the use and scheduled timing of expenditure were changed to “funds for the return of ZEエナジー’s previously received sale proceeds,” as described above. In addition, the use of the ¥308.417 million relating to the unexercised portion of these Stock Acquisition Rights was changed to “working capital for ZEエナジー’s renewable energy-related business,” because the funds to be paid in through future exercises would be needed as working capital until the next power generation equipment manufacturing project at ZEエナジー commenced.」
The funding policy was reorganized by reallocating part of the funds originally planned for construction of the company’s own power plants to return funds following contract termination, and reallocating the unexercised portion to working capital for ZEエナジー. - FY2018-Q1Specific funding policy, including borrowings from the founding familyAnnual report
「Near-term funding needs will be met through borrowings from the founding family, which has indicated its intention to use proceeds from the sale of company shares to provide financial support to the Group. For future funding needs, the company plans to take measures as needed to stabilize its financial base by considering and implementing all possible funding methods, including debt and equity financing.」
In addition to its previous policy of external funding through private placements and other methods, the company explicitly stated its policy of meeting near-term funding needs through borrowings from the founding family. - FY2017AdvancedAnnual report
「Cash provided by financing activities during the consolidated fiscal year exceeded cash used by ¥916.027 million. This was mainly because cash decreased due to ¥116 million in repayments of long-term borrowings and other items, but increased through ¥428.145 million in proceeds from the issuance of corporate bonds, ¥367.981 million in proceeds from the issuance of shares, and ¥227.590 million in borrowings.」
The company reported net cash provided by financing activities of ¥916.027 million through the issuance of corporate bonds and shares and borrowings, disclosing a track record of external funding. - FY2017-Q3AdvancedAnnual report
「Change in total shares issued: 849,350 shares; change in stated capital: ¥65.261 million; change in capital surplus: ¥65.261 million」
During the third-quarter accounting period, 849,350 shares were issued through the exercise of stock acquisition rights, increasing stated capital and capital surplus by ¥65.261 million each. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 October 2016, the company resolved to issue, by private placement, the third series of unsecured convertible bonds with stock acquisition rights (hereinafter, the “Convertible Bonds with Stock Acquisition Rights”), consisting of the “Convertible Bond-Type Stock Acquisition Rights” and the “Bonds” portions, respectively, as well as the 11th series of stock acquisition rights (hereinafter, the “Stock Acquisition Rights”), as set out below. Payment was completed on 31 October 2016.」
The issuance and payment of ¥450 million in convertible bonds with stock acquisition rights through a private placement and ¥1,010.278 million in 11th-series stock acquisition rights were completed. - FY2017-Q1AdvancedAnnual report
「Change in total shares issued: 215,000 shares; change in stated capital: ¥8.995 million; change in capital surplus: ¥8.995 million」
During the quarter, 215,000 shares were issued through the exercise of stock acquisition rights, increasing stated capital and capital surplus by ¥8.995 million each. - FY2016First statedAnnual report
「To achieve funding on the scale required by the company, it will consider all possible funding methods, including equity financing such as a private placement and stock acquisition rights, as well as debt financing such as corporate bonds, and will make every effort to implement them at an early date.」
The company is considering funding methods including equity and debt financing to secure working capital for the FX business and construction funding for biomass power generation facilities.