Group Cash Management Through Internal Funds, Long-Term Borrowings and the CMS
First written in FY2019-Q2. 14 of 23 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The group has adopted a financial strategy that prioritizes investment decisions and capital allocation with an awareness of the cost of capital, seeks to improve capital efficiency while balancing growth potential and capital profitability in each business, and aims to improve ROE and ROIC.」
The company has specified a financial management policy combining investment decisions based on the cost of capital, a company-wide hurdle rate of 5.5%, an equity ratio of approximately 40%, and improvements in ROE and ROIC. It drew down a total of ¥147,600 million in bridge loans for the acquisition of Morrison. - FY2026-H1AdvancedAnnual report
「Working capital for the business activities of the group is generally funded with cash on hand, including retained earnings and other internal reserves, and short-term bank borrowings. Funds for capital expenditures and other purposes are raised externally through long-term borrowings as necessary, taking into account the balance with surplus funds.」
Short-term bank borrowings are explicitly included in the working-capital funding policy, and a funding structure covering the funding needs associated with the acquisition of Morrison is in operation. - FY2026-H1AdvancedAnnual report
「To fund the acquisition of shares in Morrison by its consolidated subsidiary SG HOLDINGS GLOBAL PTE. LTD., the company entered into loan agreements with financial institutions for bridge loans dated 14 May 2025 and 25 July 2025, and drew down the loans on 19 May 2025 and 30 July 2025.」
The company drew down bridge loans of ¥13,210 million and ¥8,510 million to acquire Morrison and plans to refinance them with long-term financing. - FY2025AdvancedAnnual report
「The group uses a CMS (cash management system) for the company and its domestic subsidiaries to centrally manage group funds,」
The company continues to manage funds through retained earnings, long-term borrowings, the CMS and foreign-currency borrowing facilities, and the total overdraft limits and loan commitments reached ¥735,444 million. Long-term borrowings have also increased in connection with the acquisition of C&F. - FY2025-H1AdvancedAnnual report
「To fund the acquisition of shares in C&F, the company entered into a loan agreement with financial institutions for a bridge loan on 16 July 2024 and drew down the loan on 19 July 2024. The funds are scheduled to be refinanced with long-term financing.」
The company drew down a ¥104,970 million bridge loan to acquire shares in C&F and plans to refinance it with long-term financing. The total overdraft limits and loan commitments also reached ¥865,451 million. - FY2024-Q3RestatedAnnual report
「Working capital for the business activities of the group is generally funded with cash on hand, including retained earnings and other internal reserves. Funds for capital expenditures and other purposes are raised externally through long-term borrowings as necessary, taking into account the balance with cash on hand.」
The company continues to follow a policy of funding working capital primarily with retained earnings and raising funds for capital expenditures externally through long-term borrowings as necessary. It also continues to manage funds through the CMS, loans to and capital contributions in overseas subsidiaries, and foreign-currency borrowing facilities. - FY2024-Q2RestatedAnnual report
「Working capital for the business activities of the group is generally funded with cash on hand, including retained earnings and other internal reserves. Funds for capital expenditures and other purposes are raised externally through long-term borrowings as necessary, taking into account the balance with cash on hand.」
The company continues to follow a policy of funding working capital primarily with retained earnings and raising funds for capital expenditures through long-term borrowings as necessary. - FY2024-Q1RestatedAnnual report
「In addition, foreign-currency borrowing facilities have been established with financial institutions to respond flexibly to foreign-currency funding needs and diversify funding sources.」
In addition to managing funds through internal funds, long-term borrowings and the CMS, the company continues to maintain foreign-currency borrowing facilities to address foreign-currency funding needs. - FY2023-Q3RestatedAnnual report
「In addition, foreign-currency overdraft facilities have been established with financial institutions to accommodate various foreign currencies.」
In addition to managing funds through internal funds, long-term borrowings and the CMS, the company continues to address the funding needs of overseas subsidiaries through foreign-currency overdraft facilities. - FY2023-Q2AdvancedAnnual report
「Total overdraft limits and loan commitments ¥438,874 million ¥607,647 million」
The total overdraft limits and loan commitments increased from ¥438,874 million at the end of March 2022 to ¥607,647 million at the end of September 2022. In addition to a funding policy based primarily on internal funds and long-term borrowings, the company has increased its funding capacity. - FY2023-Q1RestatedAnnual report
「In addition, foreign-currency overdraft facilities have been established with financial institutions to accommodate various foreign currencies.」
In addition to managing funds through internal funds, long-term borrowings and the CMS, the company continues to address the foreign-currency funding needs of overseas subsidiaries and other entities through foreign-currency overdraft facilities. - FY2022-Q3RestatedAnnual report
「In addition, from the second quarter of the consolidated fiscal year, we established foreign-currency overdraft limits to meet new funding needs at overseas subsidiaries. During the current consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we continued overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, maintaining an environment that enables flexible financing.」
Foreign-currency overdraft limits for overseas subsidiaries and overdraft facilities and commitment lines totaling ¥50 billion have been maintained. - FY2022-Q2AdvancedAnnual report
「In addition, from the second quarter of the consolidated fiscal year, we established foreign-currency overdraft limits to meet new funding needs at overseas subsidiaries. During the current consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we continued overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, maintaining an environment that enables flexible financing.」
The company newly established foreign-currency overdraft limits to meet new funding needs at overseas subsidiaries and continued overdraft facilities and commitment lines totaling ¥50 billion. - FY2022-Q1RestatedAnnual report
「During the current consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we continued overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, maintaining an environment that enables flexible financing.」
In addition to a funding policy based primarily on internal funds and long-term borrowings, overdraft facilities and commitment lines totaling ¥50 billion have been maintained. - FY2021RestatedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand.」
The policy of funding working capital with retained earnings and financing capital expenditures with long-term borrowings as necessary, together with cash management through CMS and other systems, remains in place. - FY2021-Q3RestatedAnnual report
「During the consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we newly established overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, creating an environment that enables flexible financing.」
The company continues to disclose the securing of financing capacity through overdraft facilities and commitment lines totaling ¥50 billion, in light of the spread of infectious diseases. - FY2021-Q2RestatedAnnual report
「During the consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we newly established overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, creating an environment that enables flexible financing.」
The policy of securing financing capacity through overdraft facilities and commitment lines totaling ¥50 billion, in light of the spread of infectious diseases, remains in place. - FY2021-Q1AdvancedAnnual report
「During the consolidated fiscal year, in consideration of the economic impact of the spread of infectious diseases and to ensure financial stability, we newly established overdraft facilities and commitment lines totaling ¥50 billion with financial institutions, creating an environment that enables flexible financing.」
In light of the economic impact of the spread of infectious diseases, the company newly established overdraft facilities and commitment lines totaling ¥50 billion, securing financing capacity. - FY2020-Q3RestatedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand.」
The policy of funding working capital with retained earnings and financing capital expenditures with long-term borrowings as necessary, together with the group cash management structure using CMS and other systems, remains in place. - FY2020-Q2RestatedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand.」
The policy of funding working capital with retained earnings and financing capital expenditures with long-term borrowings as necessary remains in place. The structure for managing domestic and overseas group funds through CMS is also described on an ongoing basis. - FY2020-Q1RestatedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand.」
The policy of funding working capital primarily with retained earnings and financing capital expenditures with long-term borrowings as necessary remains in place. - FY2019-Q3RestatedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand.」
The policy of funding working capital primarily with retained earnings and financing capital expenditures with long-term borrowings as necessary remains in place. - FY2019-Q2First statedAnnual report
「Working capital for our group's business activities is generally funded with cash on hand, including retained earnings. Capital expenditures and other needs are financed with long-term borrowings as necessary, taking into account the balance with cash on hand. Our group uses a CMS (cash management system) covering our company and domestic subsidiaries to centrally manage intra-group funds. When domestic subsidiaries require substantial funds for capital investment or other purposes, our company provides them with long-term loans. For overseas subsidiaries, our company provides long-term loans to or subscribes for capital increases of SG HOLDINGS GLOBAL PTE. LTD., the holding company overseeing our overseas operations, based on investment and funding plans, thereby establishing a structure for managing the funds of overseas subsidiaries in each region.」
The company has for the first time explicitly described a comprehensive domestic and overseas group cash management structure based on funding working capital primarily with retained earnings, financing capital expenditures with long-term borrowings as necessary, and using CMS, parent-company loans and capital subscriptions.