Increase in Interest-Bearing Debt and Temporary Decline in Financial Soundness Indicators Associated with the Acquisition of M.D.C. Holdings, Inc.
First written in FY2024. 1 of 5 entries say "Materialised", first in FY2025-Q1. Latest entry: FY2027-H1.
1 other company's latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「At the end of the interim consolidated accounting period, total assets were ¥5,115,320 million, up 2.2% from the end of the previous consolidated fiscal year, due mainly to an increase in real estate for sale. Total liabilities were ¥2,812,327 million, down 0.2%, due mainly to payments of corporate income taxes and other items.」
Following the acquisition of MDC, assets increased 2.2% from the end of the previous fiscal year, while liabilities decreased 0.2%. - FY2026-H1MitigatedAnnual report
「In addition, total assets as of the end of the current interim consolidated accounting period were ¥4,662,545 million, down 3.0% from the end of the previous fiscal year, mainly due to a decrease in cash and deposits resulting from payments of trade payables and corporate taxes. Total liabilities were ¥2,724,858 million, down 2.3% from the end of the previous fiscal year, due mainly to payments of trade payables and corporate taxes.」
For the assets and liabilities that increased following the acquisition of MDC Holdings, total liabilities as of the end of the current interim period were down 2.3% from the end of the previous fiscal year. - FY2025-H1WorsenedAnnual report
「In addition, total assets as of the end of the current interim consolidated accounting period were ¥4,720,306 million, up 40.8% from the end of the previous fiscal year, mainly due to an increase in real estate held for sale resulting from the acquisition of MDC Holdings. Total liabilities were ¥2,722,710 million, up 74.7% from the end of the previous fiscal year, due mainly to an increase in short-term borrowings and the issuance of bonds.」
The financial burden associated with the acquisition of MDC Holdings increased from the previous disclosure, and total liabilities were up 74.7% from the end of the previous fiscal year. - FY2025-Q1MaterialisedAnnual report
「At the end of the current first-quarter consolidated accounting period, total assets were ¥4,463,376 million, up 33.1% from the end of the previous consolidated fiscal year, mainly due to an increase in real estate for sale associated with the acquisition of MDC. Total liabilities were ¥2,620,245 million, up 68.1% from the end of the previous consolidated fiscal year, mainly due to an increase in short-term borrowings.」
The increases in real estate held for sale, short-term borrowings and other items resulting from the acquisition of MDC Holdings actually materialized, with total assets increasing 33.1% and total liabilities increasing 68.1%. The previously identified risk of an impact on financial soundness indicators from financing the acquisition is now reflected in the financial statements. - FY2024First statedAnnual report
「As interest-bearing debt is expected to increase in connection with the acquisition, including acquisition funding procured through bridge financing and other borrowings from financial institutions, we expect to temporarily fall below the financial indicators set as targets in the Sixth Medium-Term Management Plan.」
We identified as a new risk the expected increase in interest-bearing debt associated with financing the acquisition of M.D.C. Holdings, Inc. and the temporary decline below the financial indicators under the Sixth Medium-Term Management Plan.