Large-Scale Power Plant Development Investment Using Debt Financing with a Focus on Capital Efficiency
First written in FY2017-Q4. 20 of 31 entries say "Advanced", first in FY2017. Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Annual funding and repayment updateAnnual report
「The main cash inflow was ¥33,129 million in proceeds mainly from the drawdown of long-term borrowings by the company and Daiichi Solar GK. The main cash outflows were ¥43,939 million for repayments of long-term borrowings and ¥6,997 million for the redemption of bonds.」
During the fiscal year, the company drew down ¥33,129 million in long-term borrowings, while repaying ¥43,939 million in long-term borrowings and redeeming ¥6,997 million in bonds. Cumulative project finance arranged remained above approximately ¥500 billion. - FY2026-H1Semiannual funding and repayment updateAnnual report
「The main cash inflows were ¥7,000 million in proceeds mainly from the drawdown of long-term borrowings by the company and its biomass power plants, and ¥6,848 million from a decrease in restricted deposits. The main cash outflows were ¥17,068 million for repayments of long-term borrowings and ¥6,997 million for the redemption of bonds.」
During the interim consolidated accounting period, the company drew down ¥7,000 million in long-term borrowings, while repaying ¥17,068 million in long-term borrowings and redeeming ¥6,997 million in bonds. - FY2025Update to cumulative project finance amount and ratioAnnual report
「By the end of March 2025, the Group had entered into project finance-related agreements for the development of renewable energy power plants and storage facilities and arranged more than ¥500 billion in long-term project finance from financial institutions, primarily banks, on an aggregate committed basis for consolidated subsidiaries and equity-method affiliates. As a result, as of the end of March 2025, approximately 80% of the Group’s consolidated interest-bearing debt had been raised through project finance at SPCs.」
Cumulative project finance arranged increased to more than approximately ¥500 billion. The proportion of consolidated interest-bearing debt raised through SPC project finance was updated from approximately 90% to approximately 80%. - FY2025-H1Semiannual funding and repayment updateAnnual report
「The main cash inflows were ¥11,861 million in proceeds mainly from the drawdown of long-term borrowings by the company and its biomass power plants, and ¥17,819 million in proceeds from the private placement to Tokyo Gas and other transactions described above. The main cash outflows were ¥6,045 million due to an increase in restricted deposits and ¥24,462 million for repayments of long-term borrowings.」
During the interim consolidated accounting period, the company raised ¥11,861 million through long-term borrowings and ¥17,819 million through a private placement and other transactions, while repaying ¥24,462 million in long-term borrowings. - FY2024AdvancedAnnual report
「By the end of March 2024, the Group had entered into project finance-related agreements for the development of renewable energy power plants and arranged more than ¥400 billion in long-term project finance from financial institutions, primarily banks, on an aggregate committed basis for consolidated subsidiaries and equity-method affiliates. As a result, as of the end of March 2024, approximately 90% of the Group’s consolidated interest-bearing debt had been raised through project finance at SPCs.」
The company disclosed that cumulative project finance arranged had exceeded approximately ¥400 billion and that approximately 90% of consolidated interest-bearing debt had been raised through project finance at SPCs. - FY2024-Q3Quarterly funding and repayment updateAnnual report
「The main cash inflow was ¥2,827 million in proceeds, primarily from the execution of long-term borrowings by the company and for biomass power plants. The main cash outflow was ¥11,074 million for repayments of long-term borrowings.」
The company executed ¥2,827 million in long-term borrowings while repaying ¥11,074 million in long-term borrowings, resulting in a ¥8,178 million cash outflow from financing activities. - FY2024-Q2Semiannual funding and repayment updateAnnual report
「The main cash inflow was ¥1,610 million in proceeds from the execution of long-term borrowings for power plants under construction. The main cash outflow was ¥8,791 million for repayments of long-term borrowings.」
The company executed ¥1,610 million in long-term borrowings for power plants under construction while repaying ¥8,791 million in long-term borrowings. - FY2024-Q1Quarterly funding and repayment updateAnnual report
「The main cash inflow was ¥1,314 million in proceeds from the execution of long-term borrowings for power plants under construction. The main cash outflows were ¥4,478 million for an increase in restricted deposits and ¥2,144 million for repayments of long-term borrowings.」
The company executed ¥1,314 million in long-term borrowings for power plants under construction, while repaying ¥2,144 million in long-term borrowings and increasing restricted deposits by ¥4,478 million. - FY2023AdvancedAnnual report
「The main cash inflow was ¥20,009 million in proceeds, primarily from the execution of long-term borrowings for biomass power plants under construction.」
The company executed ¥20,009 million in long-term borrowings during the consolidated fiscal year to fund investments in biomass power plants under construction. - FY2023-Q3AdvancedAnnual report
「The main cash inflow was ¥14,627 million in proceeds, primarily from the execution of long-term borrowings for biomass power plants under construction.」
The company executed ¥14,627 million in long-term borrowings during the cumulative consolidated third quarter to fund investments in biomass power plants under construction. - FY2023-Q2AdvancedAnnual report
「The main cash inflow was ¥10,297 million in proceeds, primarily from the execution of long-term borrowings for biomass power plants under construction.」
The company executed ¥10,297 million in long-term borrowings to fund investments in biomass power plants under construction. - FY2023-Q1AdvancedAnnual report
「The main cash inflow was ¥9,400 million in proceeds, primarily from the execution of long-term borrowings for biomass power plants under construction.」
The company executed ¥9,400 million in long-term borrowings during the first quarter to fund investments in biomass power plants under construction. - FY2022AdvancedAnnual report
「By the end of March 2022, the group had entered into project finance-related agreements for the commercialization of renewable energy power plants and arranged more than approximately ¥400,000 million in cumulative long-term project finance from financial institutions, primarily banks, on a committed basis for consolidated subsidiaries and equity-method affiliates.」
The cumulative amount of project finance arranged increased from approximately ¥380,000 million to more than approximately ¥400,000 million. The group also explained that approximately 80% of consolidated interest-bearing debt was funded through SPC project finance. - FY2022-Q3AdvancedAnnual report
「The main cash inflow was ¥17,344 million in proceeds from long-term borrowings. The main cash outflows were ¥10,584 million in repayments of long-term borrowings and a ¥2,689 million increase in restricted deposits.」
The company executed ¥17,344 million in long-term borrowings during the cumulative consolidated third quarter to fund development investments in large-scale power plants. - FY2022-Q2AdvancedAnnual report
「Funds generated from financing activities amounted to ¥268 million, compared with ¥12,640 million in the same period of the previous year. The main cash inflow was ¥11,445 million in proceeds from long-term borrowings.」
During the cumulative consolidated second quarter, the company executed ¥11,445 million in long-term borrowings, funding investments in biomass power plants under construction and other projects with borrowings. - FY2022-Q1AdvancedAnnual report
「The main cash inflow was ¥6,597 million in proceeds from long-term borrowings.」
During the first quarter, the company raised ¥6,597 million through long-term borrowings and continued to fund development investments in biomass power plants under construction and other projects with borrowings. - FY2021AdvancedAnnual report
「By the end of March 2021, the group had entered into project finance-related agreements for the commercialization of renewable energy power plants and arranged more than approximately ¥380,000 million in cumulative long-term project finance from financial institutions, primarily banks, on a committed basis for consolidated subsidiaries and equity-method affiliates. In September 2020, it also issued green bonds, consisting of 5-year and 7-year bonds, to fund expenditures related to the renewable energy power generation business.」
The cumulative amount of project finance arranged expanded to approximately ¥380,000 million, and the group diversified its funding sources by issuing 5-year and 7-year green bonds. - FY2021-Q3AdvancedAnnual report
「The main factors behind the changes were a new ¥14,000 million bond issue in the Renewable Energy Development and Operations Business, a ¥5,090 million increase in long-term borrowings from the execution of long-term borrowings in that business, a ¥2,366 million decrease in borrowings from repayments of long-term borrowings in accordance with the terms of the relevant agreements, and a ¥1,410 million increase in long-term borrowings from the execution of long-term borrowings in the Renewable Energy Power Generation Business.」
The company executed a ¥14,000 million bond issue and ¥5,090 million in long-term borrowings for the development and operations business, and ¥1,410 million in long-term borrowings for the power generation business, advancing funding for development investments. - FY2021-Q2AdvancedAnnual report
「The main cash inflows were proceeds of ¥13,922 million from a new bond issue and ¥4,335 million from new long-term borrowings in the Renewable Energy Development and Operations Business, and ¥1,410 million from new long-term borrowings in the Renewable Energy Power Generation Business.」
The company is funding development investments through a ¥13,922 million new bond issue, ¥4,335 million in long-term borrowings for the development and operations business, and ¥1,410 million in long-term borrowings for the power generation business. - FY2021-Q1AdvancedAnnual report
「The cash and deposits required for these investments were funded mainly through long-term borrowings. Cash and deposits at the end of the first quarter of the current consolidated fiscal year were ¥27,636 million, an increase of ¥2,690 million from the end of the previous consolidated fiscal year.」
The company explained that investments in the Vietnam onshore wind power generation business and the biomass power generation business were funded mainly through long-term borrowings. Cash and deposits increased by ¥2,690 million. - FY2020-Q3AdvancedAnnual report
「The main factors behind the increase were a ¥46,922 million increase in long-term borrowings associated with the consolidation of the Nasukarasuyama Solar, Karumai Nishi Solar, and Karumai Higashi Solar silent partnership businesses and subsequent payments for construction and other costs, and a ¥3,878 million increase in borrowings from the execution of long-term borrowings in the Renewable Energy Development and Operations Business.」
Long-term borrowings associated with the consolidation of 3 solar projects and payments for construction costs increased by ¥46,922 million, while the development and operations business also executed ¥3,878 million in long-term borrowings. - FY2020-Q2AdvancedAnnual report
「The main cash inflows were ¥2,529 million in new long-term borrowings in the Renewable Energy Development and Operations Business and ¥4,392 million in long-term borrowings associated with payments for construction and other costs following the consolidation of the Nasukarasuyama Solar and Karumai Nishi Solar silent partnership businesses in the Renewable Energy Power Generation Business.」
The development and operations business executed ¥2,529 million in long-term borrowings, while ¥4,392 million in long-term borrowings was executed for construction payments and other costs following the consolidation of Nasukarasuyama and Karumai Nishi Solar. - FY2020-Q1AdvancedAnnual report
「This was primarily due to a ¥5,572 million increase in long-term borrowings of the consolidated group. The breakdown was an increase of ¥2,000 million in borrowings from the execution of long-term borrowings in the Renewable Energy Development and Operations Business, a ¥1,256 million decrease in borrowings from repayments in that business, a ¥498 million decrease in borrowings from repayments of long-term borrowings in the Renewable Energy Power Generation Business, and a ¥5,327 million increase in borrowings resulting from the consolidation of the Nasukarasuyama Solar silent partnership business as a consolidated subsidiary.」
Long-term borrowings increased by ¥5,572 million, including ¥2,000 million in borrowings executed by the development and operations business. Borrowings also increased by ¥5,327 million in connection with the consolidation of Nasukarasuyama Solar as a consolidated subsidiary. - FY2019AdvancedAnnual report
「By the end of March 2019, the group had entered into project finance-related agreements for the commercialization of renewable energy power plants and arranged approximately ¥220,000 million in cumulative long-term project finance from financial institutions, primarily banks, on a committed basis for consolidated subsidiaries and equity-method affiliates.」
The cumulative amount of project finance arranged increased from approximately ¥170,000 million at the end of July 2018 to approximately ¥220,000 million at the end of March 2019. - FY2019-Q4AdvancedAnnual report
「Increase in borrowings (¥7,692 million) resulting from the execution of long-term borrowings in the Renewable Energy Development and Operations Business」
The increase in advances and equity contributions related to SPC power generation project development was financed mainly with long-term borrowings, resulting in a ¥7,692 million increase in long-term borrowings for the development and operations business. - FY2019-Q3RestatedAnnual report
「The group uses long-term borrowings to invest in the development of large-scale renewable energy power plants while improving capital efficiency. To appropriately monitor financial soundness, it also assesses the underlying value of its assets and places importance on indicators such as the net assets ratio, equity ratio, and net interest-bearing debt/EBITDA multiple.」
The group continues to develop large-scale power plants using long-term borrowings and manage its finances using the net assets ratio, equity ratio, and net interest-bearing debt/EBITDA multiple. - FY2018AdvancedAnnual report
「By the end of July 2018, the group had entered into project finance-related agreements for the commercialization of renewable energy power plants and arranged approximately ¥170,000 million in cumulative long-term project finance from financial institutions, primarily banks, on a committed basis for consolidated subsidiaries and equity-method affiliates.」
The cumulative amount of project finance arranged increased from ¥94,310 million previously to approximately ¥170,000 million. - FY2018-Q4RestatedAnnual report
「The group uses a combination of long-term and short-term borrowings from financial institutions to invest in the development of large-scale renewable energy power plants while improving capital efficiency. To appropriately monitor financial soundness, it also places importance on indicators such as the equity ratio, the net interest-bearing debt-to-EBITDA multiple, and the net interest-bearing debt dependency ratio, which is net interest-bearing debt as a proportion of total net interest-bearing debt and net assets (net interest-bearing debt/total capital ratio).」
The group continues to make development investments using a combination of long-term and short-term borrowings and manage its finances using the equity ratio and net interest-bearing debt-related indicators. - FY2018-Q2RestatedAnnual report
「The group uses a combination of long-term and short-term borrowings from financial institutions to invest in the development of large-scale renewable energy power plants while improving capital efficiency. To appropriately monitor financial soundness, it also places importance on indicators such as the net interest-bearing debt-to-EBITDA multiple and the net interest-bearing debt dependency ratio, which is net interest-bearing debt as a proportion of total net interest-bearing debt and net assets (net interest-bearing debt/total capital ratio).」
The group continues to make development investments using a combination of long-term and short-term borrowings and manage its finances using net interest-bearing debt-related indicators. - FY2017AdvancedAnnual report
「By the end of May 2017, the group had entered into project finance-related agreements for the commercialization of renewable energy power plants and arranged cumulative long-term project finance of ¥94,310 million from financial institutions, primarily banks, on a committed basis for consolidated subsidiaries and equity-method affiliates.」
The cumulative amount of project finance arranged was ¥94,310 million, demonstrating the group's track record of using borrowings for large-scale development investments. - FY2017-Q4First statedAnnual report
「The group uses a combination of long-term and short-term borrowings from financial institutions to invest in the development of large-scale renewable energy power plants while improving capital efficiency. To appropriately monitor financial soundness, it also places importance on indicators such as the net interest-bearing debt-to-EBITDA multiple and the net interest-bearing debt dependency ratio, which is net interest-bearing debt as a proportion of total net interest-bearing debt and net assets (net interest-bearing debt/total capital ratio).」
The group makes development investments using a combination of long-term and short-term borrowings, and uses the net interest-bearing debt/EBITDA multiple and other indicators to monitor financial soundness.