Funding Policy Based on Internal Funds and Fixed-Rate Financing
First written in FY2018. 11 of 14 entries say "Advanced", first in FY2020. Latest entry: FY2026.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「M&A funding is initially provided through short-term borrowings from financial institutions as bridge financing and subsequently replaced with long-term funding such as bonds. At the end of the consolidated fiscal year, bonds outstanding were ¥50,000 million, convertible bond-type bonds with share acquisition rights outstanding were ¥22,089 million, and borrowings were ¥63,497 million.」
The Company explicitly stated its method of replacing short-term borrowings used for M&A funding with long-term funding such as bonds, and set out specific funding including ¥34,000 million in long-term borrowings. - 2026-05-08AdvancedEarnings
「This was due to a ¥34.0 billion increase in proceeds from long-term borrowings and a ¥12.2 billion decrease in cash used for repayment of short-term borrowings.」
The company increased long-term borrowings and repaid short-term borrowings, reporting its financing and repayment activities. - FY2026-H1AdvancedAnnual report
「Cash used in financing activities was ¥184.3 million, an increase in cash used of ¥830.7 million from the previous interim consolidated accounting period. Factors increasing cash used included an ¥801.2 million increase in repayments of borrowings and other debt, ¥116 million spent on acquiring shares of subsidiaries without changing the scope of consolidation, and ¥420.5 million spent on purchases of treasury shares by subsidiaries. These were partly offset by a ¥400 million increase in proceeds from borrowings and a ¥111.6 million decrease in purchases of treasury shares.」
Under a funding policy of relying primarily on internal funds while using borrowings and other sources as appropriate, the Company recorded ¥4,000 million in proceeds from borrowings while continuing to repay borrowings and other debt. - FY2025-H1AdvancedAnnual report
「Cash provided by financing activities was ¥646.3 million, an increase of ¥395.4 million from the previous interim consolidated accounting period. The main factors increasing cash inflows were a ¥15,000 million increase in proceeds from short-term borrowings and a ¥1,196.2 million decrease in repayments of long-term borrowings, while the main factors reducing cash inflows were a ¥20,000 million decrease in proceeds from long-term borrowings and a ¥203.3 million increase in purchases of treasury shares.」
The funding policy of relying primarily on internal funds while using borrowings and other sources as appropriate was put into practice through ¥15,000 million in proceeds from short-term borrowings. Proceeds from long-term borrowings, which were ¥20,000 million in the same period of the previous year, were absent in the current period. - FY2024AdvancedAnnual report
「The Group's basic policy is to fund working capital with internal funds, supplemented as necessary by commercial paper and borrowings from financial institutions, and to fund capital expenditures with internal funds, supplemented as necessary by fixed-rate straight bonds and borrowings from financial institutions. At the end of the consolidated fiscal year, straight bonds outstanding were ¥50,000 million and borrowings were ¥29,059 million.」
The Company continued its policy of relying primarily on internal funds while using commercial paper, fixed-rate bonds and borrowings from financial institutions as appropriate. Proceeds from long-term borrowings were ¥20,000 million, and borrowings outstanding reached ¥29,059 million. - FY2024-Q2AdvancedAnnual report
「Cash provided by financing activities was ¥250.9 million, a decrease of ¥155.2 million from the cumulative second quarter of the previous fiscal year. The main factors increasing cash inflows were a ¥10,000 million increase in proceeds from long-term borrowings and a ¥169 million decrease in purchases of treasury shares, while the main factors reducing cash inflows were increases of ¥1,222.8 million in repayments of long-term borrowings and ¥98 million in dividend payments.」
Proceeds from long-term borrowings increased from ¥10,000 million in the same period of the previous year to ¥20,000 million in the current period. The funding policy of relying primarily on internal funds and using borrowings as necessary was put into practice through long-term borrowing. - FY2023AdvancedAnnual report
「At the end of the consolidated fiscal year, straight bonds outstanding were ¥50,000 million and borrowings were ¥23,210 million.」
The Company continued its policy of relying primarily on internal funds and using commercial paper, fixed-rate straight bonds and borrowings from financial institutions as necessary. Straight bonds outstanding reached ¥50,000 million, and ¥10,000 million was also raised through long-term borrowings during the year. - FY2023-Q2AdvancedAnnual report
「Cash provided by financing activities was ¥406 million, an increase of ¥839 million from the cumulative second quarter of the previous fiscal year. The increase mainly reflected a ¥10,000 million increase in proceeds from long-term borrowings and a ¥101.7 million decrease in repayments of long-term borrowings, partly offset by a ¥265.6 million increase in purchases of treasury shares.」
The Company raised ¥10,000 million through long-term borrowings rather than new bond issuance. Cash used for repayment of long-term borrowings decreased by ¥101.7 million year on year. - FY2022-Q2No new bond issuance; continued repayment of borrowingsAnnual report
「Cash used in financing activities was ¥433 million, an increase of ¥1,985 million from the cumulative second quarter of the previous fiscal year. This was mainly because proceeds from bond issuance decreased by ¥20,000 million.」
The ¥20,000 million in proceeds from bond issuance recorded in the same period of the previous year was absent in the current cumulative quarter, resulting in ¥433 million of cash used in financing activities. - FY2021AdvancedAnnual report
「The Group's basic policy is to fund working capital with internal funds, supplemented as necessary by commercial paper and borrowings from financial institutions, and to fund capital expenditures with internal funds, supplemented as necessary by fixed-rate straight bonds and borrowings from financial institutions. At the end of the consolidated fiscal year, straight bonds outstanding were ¥40,000 million and borrowings were ¥18,876 million.」
The funding policy continued, and following additional bond issuance to fund bond redemptions, capital expenditures and other purposes, straight bonds outstanding rose to ¥40,000 million. - FY2021-Q2AdvancedAnnual report
「Non-current liabilities were ¥68,506 million, an increase of ¥18,787 million from the end of the previous consolidated fiscal year. This was mainly because ¥20,000 million was raised through bonds to fund bond redemptions, capital expenditures and investments and loans.」
The Company raised ¥20,000 million through bonds to fund bond redemptions, capital expenditures and investments and loans, increasing bonds outstanding from the end of the previous consolidated fiscal year. - FY2020AdvancedAnnual report
「The Group's basic policy is to fund working capital with internal funds, supplemented as necessary by commercial paper and borrowings from financial institutions, and to fund capital expenditures with internal funds, supplemented as necessary by fixed-rate straight bonds and borrowings from financial institutions. At the end of the consolidated fiscal year, straight bonds outstanding were ¥30,000 million and borrowings were ¥22,616 million. In addition, to prepare for concerns over the liquidity of Group companies arising from the spread of COVID-19, we established a ¥3,000 million borrowing facility with our relationship financial institutions in May of this year.」
Commercial paper was identified as a funding source for working capital, and a ¥3,000 million borrowing facility was established to prepare for liquidity concerns at Group companies arising from COVID-19. - FY2019RestatedAnnual report
「The Group's basic policy is to fund working capital with internal funds and capital expenditures with internal funds, supplemented as necessary by fixed-rate bonds and borrowings from financial institutions. At the end of the consolidated fiscal year, bonds outstanding were ¥20,000 million and borrowings were ¥26,500 million.」
The Group continued its policy of funding working capital with internal funds and capital expenditures with internal funds, fixed-rate bonds and borrowings from financial institutions. At period-end, bonds outstanding were ¥20,000 million and borrowings were ¥26,500 million. - FY2018First statedAnnual report
「The Group funds working capital with internal funds and capital expenditures with fixed-rate bonds and borrowings. At the end of the consolidated fiscal year, bonds outstanding were ¥20,000 million and borrowings were ¥30,000 million.」
The Company explicitly stated its financial policy of funding working capital with internal funds and capital expenditures with fixed-rate bonds and borrowings, and also disclosed the period-end balances.