M&A Funding Through Long-Term Borrowings and Bonds
First written in FY2017-Q2. 3 of 5 entries say "Advanced", first in FY2024. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To secure the necessary funds related to the acquisition of the shares described above, the company entered into a loan agreement, a bridge loan, with Sumitomo Mitsui Trust Bank, Limited on 28 May 2026 and drew down the loan on 1 June 2026.」
The company drew down a ¥20 billion unsecured, unguaranteed bridge loan on 1 June 2026 to finance the acquisition of shares in 2 agricultural companies. - FY2025-H1AdvancedAnnual report
「Proceeds from the issuance of bonds ¥9,952 million」
During the interim consolidated accounting period, the company recorded proceeds of ¥9,952 million from bond issuance, increasing the balance of bonds under non-current liabilities from ¥16 billion to ¥25.9 billion. This filing does not specify that the funds were for M&A. - FY2024AdvancedAnnual report
「Proceeds from the issuance of bonds: ¥9,958 million」
During the fiscal year, the company issued ¥10 billion of its 8th unsecured bonds, adding a long-term funding source. The outstanding balance of bonds at fiscal year-end was ¥21,230 million. - FY2017-Q3RestatedAnnual report
「The main factors were a ¥4,818 million increase in bonds from newly issued bonds and an ¥8,947 million increase in long-term borrowings, mainly due to the conversion of M&A financing into long-term debt.」
The company reiterates its use of long-term borrowing and bond issuance to finance M&A. - FY2017-Q2First statedAnnual report
「The main factors were a ¥4,818 million increase in bonds from newly issued bonds and a ¥10,428 million increase in long-term borrowings, mainly due to the conversion of M&A financing into long-term debt.」
For M&A financing, the company is converting short-term borrowings into long-term borrowings and securing long-term funding, including through new bond issuance.