Financing policy: borrowings for land acquisitions and internal funds for working capital as a general rule
First written in FY2016. 13 of 16 entries say "Restated". Latest entry: FY2027-H1.
6 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds remains in place. - FY2026RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds remains in place. - FY2026-H1Expansion of the scope of funding needsAnnual report
「The Group's primary funding needs are land acquisition costs, outsourced construction costs and real estate purchase costs in its real estate development business. Land acquisition costs are financed through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
In addition to the previously stated land acquisition costs, outsourced construction costs and real estate purchase costs were identified as major funding needs, while the basic policy of financing land acquisitions with borrowings and other working capital with internal funds remains unchanged. - FY2023RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2023-Q2RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2022-Q2RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2021-Q3RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2021-Q2RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2019RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2019-Q2RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2018RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2018-Q2RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds continues to be described. - FY2018-Q1Changes in Borrowing CompositionAnnual report
「While current portions of long-term borrowings increased by ¥1,320 million and deposits received increased by ¥110 million, income taxes payable decreased by ¥1,171 million, notes and accounts payable decreased by ¥229 million, and consumption taxes payable decreased by ¥190 million. This was the primary reason for the change. Non-current liabilities totaled ¥11,321 million, a decrease of ¥1,534 million from the end of the previous consolidated fiscal year, mainly due to a ¥1,520 million decrease in long-term borrowings.」
Current portions of long-term borrowings increased while long-term borrowings decreased, resulting in a change in the borrowing mix. - FY2017RestatedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The company reconfirmed its funding policy of financing land acquisitions with borrowings from financial institutions and, as a general rule, funding other working capital with internal funds. - FY2017-Q2RestatedAnnual report
「The main source of income was ¥4.7 billion in long-term borrowings to fund the purchase of business-use land,」
The policy of financing the purchase of business-use land with long-term borrowings is also evident in funding during the cumulative period of the current quarter. - FY2016First statedAnnual report
「The Group's primary funding needs are land acquisition costs in its real estate development business, which are financed mainly through borrowings from financial institutions. As a general rule, working capital other than land acquisition costs is funded with internal funds, and the Group strives to reduce financial costs.」
The financial policy of allocating borrowings and internal funds according to the purpose of the funds is described.