Reduction of Interest-Bearing Debt, Normalization of Transactions with Financial Institutions, and Cost Reductions
First written in FY2016-Q2. 12 of 25 entries say "Advanced", first in FY2016. Latest entry: FY2025-H1.
43 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「Liabilities stood at ¥527 million at the end of the interim period, down 31.1% from the end of the previous consolidated fiscal year. This was mainly due to a ¥169 million decrease in short-term borrowings.」
As part of the financial improvement measures, short-term borrowings decreased by ¥169 million, and total liabilities fell 31.1% from the end of the previous fiscal year to ¥527 million. - FY2024Total liabilities edged down despite the recognition of short-term borrowingsAnnual report
「Total liabilities decreased by ¥7 million from the end of the previous consolidated fiscal year to ¥765 million.」
While ¥169 million in short-term borrowings was recognized, total liabilities decreased by ¥7 million from the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「Liabilities stood at ¥937 million at the end of the second quarter, up 21.3% from the end of the previous consolidated fiscal year. This was mainly due to a ¥339 million increase in short-term borrowings.」
Despite progress in reducing interest-bearing debt and improving finances, liabilities increased 21.3% from the end of the previous consolidated fiscal year due to a ¥339 million increase in short-term borrowings. - FY2023-Q2AdvancedAnnual report
「The main factors included ¥360 million in payments for the repayment of long-term borrowings and ¥70 million in payments for the redemption of bonds.」
The Company repaid ¥360 million in long-term borrowings during the six-month period, marking progress in financial improvement. - FY2023-Q1AdvancedAnnual report
「The Company fully repaid the syndicated loan agreement concluded with its lending financial institutions on 10 February 2023.」
Specific progress was reported on the financial improvement measures, including the full repayment of the syndicated loan on 10 February 2023. - FY2021-Q2AdvancedAnnual report
「Although the Group reduced expenses such as selling, general and administrative expenses and narrowed its loss, operating loss was ¥243 million, compared with an operating loss of ¥519 million in the same quarter of the previous year, due partly to the sale of Kushim and weak trading revenue at EWarrant Securities.」
Selling, general and administrative expense reductions narrowed operating loss from ¥519 million in the same quarter of the previous year to ¥243 million. - FY2021-Q1AdvancedAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year were ¥1,812 million, a decrease of 11.9% from the previous consolidated fiscal year-end. This was mainly due to decreases of ¥110 million in the balance of interest-bearing debt, ¥97 million in consumption taxes payable and other items, and ¥75 million in the provision for bonuses, among other factors.」
Liabilities decreased 11.9% year on year to ¥1,812 million, mainly due to a ¥110 million decrease in interest-bearing debt. - FY2020AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year decreased by ¥2,392 million from the end of the previous consolidated fiscal year to ¥2,057 million.」
Total liabilities decreased by ¥2,392 million from the previous fiscal year-end, mainly due to the repayment of ¥1,684 million in long-term borrowings, indicating progress in financial improvement for the full fiscal year. - FY2020-Q2RestatedAnnual report
「In preparation for turmoil in the financial markets and its subsequent impact on the economy, we determined that securing sufficient cash on hand and repaying part of our interest-bearing debt as measures to strengthen our financial position were our top priorities, rather than the impact on our consolidated results from the exclusion of クシム from the scope of equity-method accounting resulting from the sale of these shares.」
The policy of prioritizing a stronger financial position, reducing interest-bearing debt, and securing cash on hand has been reaffirmed as a response to market turmoil caused by COVID-19. - FY2020-Q1AdvancedAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year were ¥4,122 million, a decrease of 7.4% from the previous consolidated fiscal year-end. This was mainly due to decreases of ¥125 million in the balance of interest-bearing debt, ¥80 million in accounts payable, and ¥80 million in the provision for bonuses, among other factors.」
In connection with the financial improvement policy, the balance of interest-bearing debt decreased by ¥125 million, and total liabilities decreased 7.4% from the previous consolidated fiscal year-end. - FY2019RestatedAnnual report
「At the end of the current consolidated fiscal year, current maturities of long-term borrowings were ¥502 million, current maturities of bonds were ¥140 million, long-term borrowings were ¥2,076 million, and bonds were ¥490 million.」
The policy of refinancing ¥2,000 million in short-term borrowings as long-term borrowings was confirmed in the year-end borrowing structure, and the extension of borrowing maturities continues. - FY2019-Q3Extension of borrowing maturitiesAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year were ¥4,947 million, an increase of 31.7% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥1,326 million in the balance of interest-bearing debt and other factors. All borrowings were refinanced from short-term to long-term.」
While the policy was to reduce interest-bearing debt, liabilities and interest-bearing debt increased. At the same time, all borrowings were refinanced from short-term to long-term, extending their repayment maturities. - FY2019-Q2WorsenedAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year were ¥5,291 million, an increase of 40.9% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥1,385 million in the balance of interest-bearing debt and other factors.」
In contrast to the liability reduction trend through the previous fiscal year, liabilities increased 40.9% from the previous consolidated fiscal year-end to ¥5,291 million, while the balance of interest-bearing debt also increased by ¥1,385 million. - FY2019-Q1WorsenedAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year were ¥3,852 million, an increase of 2.6% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥422 million in the balance of interest-bearing debt and other factors.」
In contrast to the previous trend of reducing interest-bearing debt, the balance of interest-bearing debt increased by ¥422 million at the end of the first quarter, and liabilities increased 2.6% from the previous fiscal year-end. - FY2018WorsenedAnnual report
「Total liabilities at the end of the current consolidated fiscal year increased by ¥2,532 million from the end of the previous consolidated fiscal year to ¥3,756 million.」
The previous trend of reducing interest-bearing debt and liabilities reversed, and liabilities increased 207.0% year on year due in part to ¥2,000 million in short-term borrowings. - FY2018-Q3WorsenedAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year were ¥3,765 million, an increase of 207.7% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥2,000 million in short-term borrowings and an increase of ¥474 million in other current liabilities. The ¥2,000 million balance of short-term borrowings was raised as working capital for future business expansion after the Company gained the confidence of its relationship banks.」
While ¥2,000 million in short-term borrowings was raised as working capital for business expansion, liabilities increased to ¥3,765 million, up 207.7% from the previous consolidated fiscal year-end, further expanding the scale of liabilities after the previous trend of reducing interest-bearing debt. - FY2018-Q2WorsenedAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year were ¥3,283 million, an increase of 168.3% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥1,100 million in short-term borrowings and an increase of ¥675 million in other current liabilities.」
Although the financial improvement policy continued, liabilities increased substantially due in part to an increase in short-term borrowings, weakening the trend toward reducing interest-bearing debt. - FY2018-Q1Interest-Bearing Debt IncreasedAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year were ¥1,737 million, an increase of 42.0% from the previous consolidated fiscal year-end. This was mainly due to an increase of ¥383 million in the balance of interest-bearing debt (Note 2) and other factors.」
Although the financial improvement policy continued, the balance of interest-bearing debt increased by ¥383 million at the end of the first quarter as the Company advanced M&A and other initiatives, and liabilities increased 42.0% from the previous consolidated fiscal year-end. - FY2017AdvancedAnnual report
「Repayment of interest-bearing debt progressed smoothly, and the equity ratio showed a marked improvement from 21.7% at the end of the previous consolidated fiscal year to 72.0% at the end of the current consolidated fiscal year through the exercise of share options and the accumulation of profits.」
Financial improvement progressed through repayment of interest-bearing debt, accumulated profits, and the exercise of share options, and the equity ratio improved to 72.0%. - FY2017-Q3AdvancedAnnual report
「Under these circumstances, the Group continued to steadily advance various financial improvement measures, including reducing interest-bearing debt and implementing thorough expense reductions. At the end of the third quarter of the current consolidated fiscal year, repayment of interest-bearing debt was progressing smoothly, and the equity ratio showed a marked improvement from 21.7% at the end of the previous consolidated fiscal year to 77.4% as a result of the exercise of share options and the accumulation of profits.」
The Group continued its financial improvement measures, and the equity ratio improved from 21.7% to 77.4% through repayment of interest-bearing debt, the exercise of share options, and the accumulation of profits. - FY2017-Q2AdvancedAnnual report
「Under these circumstances, the Group continued to steadily advance various financial improvement measures, including reducing interest-bearing debt and implementing thorough expense reductions. At the end of the second quarter of the current consolidated fiscal year, repayment of interest-bearing debt was progressing smoothly, while」
The Group continued its financial improvement measures, and the balance of interest-bearing debt decreased by ¥413 million from the end of the previous consolidated fiscal year. - FY2017-Q1AdvancedAnnual report
「As in the previous fiscal year, the Group steadily advanced various financial improvement measures, including reducing interest-bearing debt and implementing thorough expense reductions.」
In addition to continuing its financial improvement measures, the filing states that the balance of interest-bearing debt decreased by ¥206 million, indicating progress in repayment. - FY2016AdvancedAnnual report
「As a result, repayment of interest-bearing debt progressed steadily, and liabilities decreased 66.4% from the end of the previous consolidated fiscal year to ¥1,498 million.」
Repayment of interest-bearing debt progressed, and liabilities decreased 66.4% from the end of the previous consolidated fiscal year to ¥1,498 million. - FY2016-Q3RestatedAnnual report
「Under these circumstances, the Group steadily advanced various financial improvement measures, including reducing interest-bearing debt, normalizing transactions with financial institutions, and implementing thorough expense reductions, while also moving forward with its operations toward full-scale growth.」
The policy of pursuing financial improvement and growth in parallel continues in the same terms. - FY2016-Q2First statedAnnual report
「Under these circumstances, the Group steadily advanced various financial improvement measures, including reducing interest-bearing debt, normalizing transactions with financial institutions, and implementing thorough expense reductions, while also moving forward with its operations toward full-scale growth.」
The management policy of pursuing financial improvement and growth in parallel identifies debt reduction, normalization of transactions with financial institutions, and expense reductions as key measures.