Securing Low-Cost, Stable Funding and Using Borrowings, Corporate Bonds and Leases
First written in FY2018. 15 of 26 entries say "Restated". Latest entry: FY2026.
20 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the consolidated fiscal year, funds used in financing activities amounted to ¥2,200 million, compared with outflows of ¥13,512 million in the previous year. This was mainly due to payments of ¥24,528 million for the repayment of long-term borrowings and proceeds of ¥20,473 million from long-term borrowings.」
While continuing both to raise and repay long-term borrowings, funds used in financing activities decreased from ¥13,512 million in the previous year to ¥2,200 million. Capital expenditures amounted to ¥17,676 million. - FY2026-H1RestatedAnnual report
「This was mainly due to payments of ¥11,885 million for the repayment of long-term borrowings and proceeds of ¥6,999 million from long-term borrowings.」
While continuing to raise funds through long-term borrowings, repayments exceeded new borrowings, resulting in financing outflows of ¥2,615 million. The company continued to finance its operations through a combination of borrowings and repayments. - FY2025ReframedAnnual report
「During the consolidated fiscal year, funds used in financing activities amounted to ¥13,512 million, a decrease of ¥11,090 million year on year. This was mainly due to payments of ¥20,834 million for the repayment of long-term borrowings and proceeds of ¥7,245 million from long-term borrowings.」
While continuing to raise funds through long-term borrowings, repayments exceeded new borrowings. Funds used in financing activities decreased from ¥24,603 million in the previous year to ¥13,512 million. - FY2025-H1RestatedAnnual report
「Funds provided by financing activities amounted to ¥4,685 million, compared with financing outflows of ¥4,350 million in the previous interim consolidated accounting period. This was mainly due to payments of ¥8,722 million for the repayment of long-term borrowings and proceeds of ¥4,668 million from long-term borrowings.」
While continuing to raise funds through long-term borrowings, repayments exceeded new borrowings, resulting in financing outflows of ¥4,685 million. - FY2024ReframedAnnual report
「During the consolidated fiscal year, funds used in financing activities amounted to ¥24,603 million, an increase of ¥19,147 million year on year. This was mainly due to proceeds of ¥12,357 million from long-term borrowings and payments of ¥31,800 million for the repayment of long-term borrowings.」
While continuing to raise funds through long-term borrowings, repayments exceeded new borrowings, and financing outflows increased from ¥5,456 million in the previous year to ¥24,603 million. - FY2024-Q3RestatedAnnual report
「Liabilities increased by ¥9,579 million from the end of the previous consolidated fiscal year to ¥216,092 million. This was mainly due to an increase in borrowings associated with vessel acquisitions.」
The increase in borrowings associated with vessel acquisitions reconfirmed the continuation of capital financing for equipment using borrowings. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the consolidated fiscal year, funds used in financing activities amounted to ¥4,350 million, compared with outflows of ¥2,636 million in the same period of the previous year. This was mainly due to the difference of ¥4,437 million between proceeds of ¥6,447 million from long-term borrowings and payments of ¥10,885 million for the repayment of long-term borrowings.」
While continuing to raise funds through long-term borrowings, repayments exceeded new borrowings during the quarter, resulting in financing outflows of ¥4,350 million. - FY2024-Q1RestatedAnnual report
「Liabilities increased by ¥273 million from the end of the previous consolidated fiscal year to ¥206,786 million. This was mainly due to an increase in short-term borrowings.」
The company continued to finance equipment investments, including vessels, using borrowings. At the end of the first quarter, short-term borrowings increased, and liabilities rose by ¥273 million from the end of the previous consolidated fiscal year. - FY2023ReframedAnnual report
「During the consolidated fiscal year, funds used in financing activities amounted to ¥5,456 million, compared with financing inflows of ¥12,028 million in the previous year. This was mainly due to proceeds of ¥20,022 million from long-term borrowings and payments of ¥25,681 million for the repayment of long-term borrowings.」
While the policy of securing low-cost, stable funding remains in place, repayments of long-term borrowings exceeded new borrowings during the fiscal year, and financing activities changed from inflows of ¥12,028 million to outflows of ¥5,456 million. - FY2023-Q3RestatedAnnual report
「Liabilities increased by ¥30,104 million from the end of the previous consolidated fiscal year to ¥220,291 million. This was mainly due to the increase in long-term borrowings associated with foreign subsidiaries' foreign-currency translation and vessel acquisitions.」
The increase in long-term borrowings associated with vessel acquisitions reconfirmed the continuation of capital financing for equipment using borrowings. - FY2023-Q1RestatedAnnual report
「Total liabilities increased by ¥6,896 million from the end of the previous consolidated fiscal year to ¥197,083 million. This was mainly due to an increase in long-term borrowings.」
The company continued to fund capital expenditures through long-term borrowings in line with the increase in tangible fixed assets resulting from vessel construction and other activities. - FY2022AdvancedAnnual report
「During the consolidated fiscal year, the company made total capital expenditures of ¥37,463 million. Cash provided by financing activities amounted to ¥12,028 million, mainly reflecting the ¥12,078 million difference between ¥38,490 million in proceeds from long-term borrowings and ¥26,412 million in repayments of long-term borrowings.」
Against ¥37,463 million in capital expenditures on vessels and other assets, the company executed funding including ¥38,490 million in long-term borrowings, demonstrating progress in its borrowing-centered financial policy over the full fiscal year. - FY2022-Q3RestatedAnnual report
「At the end of the third quarter of the consolidated fiscal year, total assets increased by ¥31,920 million from the end of the previous consolidated fiscal year to ¥237,020 million. This was mainly due to an increase in vessels following the acquisition of secondhand vessels and the completion of new vessel construction. Total liabilities increased by ¥28,193 million from the end of the previous consolidated fiscal year to ¥194,552 million. This was mainly due to an increase in borrowings associated with vessel acquisitions.」
Borrowings associated with vessel acquisitions increased in line with the increase in vessels resulting from secondhand vessel acquisitions and the completion of new vessel construction. The company continued to fund capital expenditures through borrowings. - FY2022-Q2RestatedAnnual report
「Cash provided by financing activities amounted to ¥15,318 million, down 36.2% year on year. This was mainly attributable to the ¥15,519 million difference between total proceeds of ¥27,054 million from the net increase in short-term borrowings and long-term borrowings, and payments of ¥11,534 million for repayment of long-term borrowings and redemption of bonds.」
Funding combining the net increase in short-term borrowings and proceeds from long-term borrowings continued in line with capital expenditures including vessel acquisitions. - FY2022-Q1RestatedAnnual report
「Total liabilities increased by ¥2,341 million from the end of the previous consolidated fiscal year to ¥168,701 million. This was mainly due to an increase in long-term borrowings.」
The company continued to fund capital expenditures through long-term borrowings in line with the increase in tangible fixed assets, including vessels. - FY2021-Q3RestatedAnnual report
「At the end of the third quarter of the consolidated fiscal year, total assets increased by ¥37,291 million from the end of the previous consolidated fiscal year to ¥207,885 million. This was mainly due to an increase in vessels following the completion of new vessel construction. Total liabilities increased by ¥34,795 million from the end of the previous consolidated fiscal year to ¥168,728 million. This was mainly due to an increase in borrowings.」
Borrowings increased in line with the increase in tangible fixed assets following the completion of new vessel construction, indicating that the company continued to execute capital expenditure funding through borrowings. - FY2021-Q2AdvancedAnnual report
「During the six-month period ended the second quarter of the consolidated fiscal year, cash provided by financing activities amounted to ¥24,012 million, up 208.5% year on year. This was mainly attributable to the ¥24,486 million difference between total proceeds of ¥34,256 million from the net increase in short-term borrowings and long-term borrowings, and payments of ¥9,770 million for repayment of long-term borrowings and lease obligations and redemption of bonds.」
To fund capital expenditures including new vessel construction, the company raised ¥34,256 million through the combined net increase in short-term borrowings and proceeds from long-term borrowings. Cash provided by financing activities amounted to ¥24,012 million. - FY2021-Q1AdvancedAnnual report
「At the end of the first quarter of the consolidated fiscal year, total assets increased by ¥15,509 million from the end of the previous consolidated fiscal year to ¥186,103 million. This was mainly due to an increase in tangible fixed assets, including vessels. Total liabilities increased by ¥15,504 million from the end of the previous consolidated fiscal year to ¥149,437 million. This was mainly due to an increase in long-term borrowings.」
Long-term borrowings increased in line with the increase in equipment, including vessels, indicating that the company continued to execute capital expenditure funding through borrowings during the quarter. - FY2020AdvancedAnnual report
「During the consolidated fiscal year, the company made total capital expenditures of ¥20,932 million. Cash provided by financing activities amounted to ¥7,195 million, mainly reflecting the ¥8,059 million difference between ¥30,794 million in proceeds from long-term borrowings and total payments of ¥22,734 million for repayment of long-term borrowings and redemption of bonds.」
The company made capital expenditures on vessels and other assets and continued to raise funds primarily through long-term borrowings. The policy of securing stable funding at low cost progressed into specific investment and borrowing results. - FY2020-Q3RestatedAnnual report
「Total assets increased by ¥10,011 million from the end of the previous consolidated fiscal year to ¥176,641 million. This was mainly due to an increase in tangible fixed assets, including vessels and construction in progress. Total liabilities increased by ¥8,101 million to ¥135,641 million, mainly due to an increase in borrowings.」
Borrowings increased in line with the increase in tangible fixed assets, including vessels and construction in progress, indicating that borrowings continued to be used to fund capital expenditures. - FY2020-Q2ReframedAnnual report
「During the six-month period ended the second quarter of the consolidated fiscal year, cash provided by financing activities amounted to ¥7,783 million, compared with ¥3,686 million used in the same period of the previous year. This was mainly attributable to the ¥7,949 million difference between total proceeds of ¥19,970 million from the net increase in short-term borrowings and long-term borrowings, and payments of ¥12,021 million for repayment of long-term borrowings and lease obligations and redemption of bonds.」
In implementing its funding policy, the company recorded a net increase in short-term borrowings and proceeds from long-term borrowings during the quarter, in addition to the increase in short-term borrowings reported in the previous quarter. Cash provided by financing activities therefore amounted to ¥7,783 million. - FY2020-Q1Increase in liabilities due to higher short-term borrowingsAnnual report
「Total liabilities increased by ¥975 million from the end of the previous consolidated fiscal year to ¥128,515 million. This was mainly due to an increase in short-term borrowings.」
While borrowings continued to be used to fund capital expenditures and other needs, liabilities increased by ¥975 million during the quarter due to higher short-term borrowings. - FY2019RestatedAnnual report
「Equipment funding is raised primarily through long-term borrowings from financial institutions, while leases are also used for some vessels. Working capital needs are funded through cash generated from operating activities, retained funds, borrowings from financial institutions and bond issuance. To secure liquidity, the company has borrowing capacity under overdraft agreements with financial institutions and seeks to improve capital efficiency through intra-group financing of surplus funds held by domestic and overseas affiliated companies.」
In addition to the policy of funding through long-term borrowings, leases, cash from operating activities, retained funds and bond issuance, the company disclosed securing liquidity through overdraft facilities and intra-group financing. - FY2019-Q3RestatedAnnual report
「Total liabilities increased by ¥8,248 million from the end of the previous consolidated fiscal year to ¥125,556 million. This was mainly due to an increase in borrowings.」
Borrowings increased in line with the increase in tangible fixed assets, including vessels, indicating that borrowings continued to be used to fund capital expenditures. - FY2019-Q2RestatedAnnual report
「This was mainly attributable to the ¥3,069 million difference between ¥6,089 million in proceeds, primarily from long-term borrowings and bond issuance, and ¥9,159 million in payments for repayment of long-term borrowings and lease obligations and redemption of bonds.」
Funding and repayments combining long-term borrowings, bond issuance, lease obligations and bond redemptions were disclosed. Cash used in financing activities amounted to ¥3,686 million, while borrowings and lease obligations decreased from the end of the previous consolidated fiscal year. - FY2018First statedAnnual report
「The company recognizes that securing stable funding at low cost is important to maintain and expand the group's businesses. Equipment funding is raised primarily through long-term borrowings from financial institutions, while leases are also used for some vessels. Working capital needs are funded through cash generated from operating activities, retained funds, borrowings from financial institutions and bond issuance.」
The company specifically identified long-term borrowings, vessel leases, cash from operating activities, retained funds, borrowings and bond issuance as sources of funding for capital expenditures and working capital.