Borrowings and Additional Financing for Hotel Expansion and Other Purposes, and the Risk of Rising Interest Rates
First written in FY2017. 4 of 30 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2027-H1.
CVS Bay Area moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 16 of 29 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「The main breakdown was ¥287 million in proceeds from long-term borrowings, offset by ¥199 million in expenditures for the repayment of long-term borrowings.」
The company drew down ¥287 million in long-term borrowings and repaid ¥199 million in connection with capital investment in hotels and other facilities. Short-term borrowings, current portions of long-term borrowings and long-term borrowings also increased, expanding the financial burden. - FY2026Borrowings increased, expanding the financial burdenAnnual report
「The main components were a ¥215 million increase in current liabilities, primarily due to a ¥262 million increase in short-term borrowings, and a ¥142 million increase in non-current liabilities, primarily due to a ¥131 million increase in long-term borrowings.」
Both short-term and long-term borrowings increased, expanding total borrowings and the financial burden. - FY2026-H1¥570 million in long-term borrowings and an increase in the outstanding borrowing balance.Annual report
「The main components were ¥570 million in proceeds from long-term borrowings, partly offset by ¥185 million paid for the repayment of long-term borrowings.」
The Company drew down ¥570 million in long-term borrowings against capital expenditures and other needs, increasing the outstanding balance of long-term borrowings by ¥321 million from the end of the previous fiscal year. The drawn balance under the committed syndicated loan was ¥1,496.628 million. - FY2025The drawn balance under the syndicated loan increased to ¥1,522 million.Annual report
「The undrawn balance under the committed syndicated loan agreement was based on a borrowing limit of ¥1,922 million, with a drawn balance of ¥1,522 million.」
The drawn balance of the syndicated loan for the outdoor resort facility increased from ¥1,195.484 million at the end of the previous fiscal year to ¥1,522 million. - FY2025-H1Long-term borrowings and the drawn balance under the syndicated loan increased.Annual report
「The main components were ¥461 million in proceeds from long-term borrowings, partly offset by ¥540 million paid for the repayment of long-term borrowings.」
The Company received ¥461 million through long-term borrowings and repaid ¥540 million. The drawn balance under the committed syndicated loan also increased from ¥1,195 million to ¥1,256 million. - FY2025-Q1Borrowings for the outdoor resort facility increased.Annual report
「The main component was an increase in borrowings to fund construction of the building and other related facilities for the opening of the outdoor resort facility.」
Borrowings increased to fund construction and equipment for the outdoor resort facility. The drawn balance under the committed syndicated loan also increased from ¥1,195.484 million to ¥1,656.764 million. - FY2024-Q3MaterialisedAnnual report
「The agreement was executed as scheduled on 21 December 2023, and the first drawdown of ¥1,195.484 million was made on the 28th.」
The Company entered into a committed syndicated loan agreement with a total commitment of ¥1,922 million to fund preparations for the opening of an outdoor resort facility, and drew down ¥1,195.484 million initially. Additional borrowing associated with the expansion of the hotel and new facilities became concrete. - FY2024-Q2Short-term borrowings increased by ¥601 million, while long-term borrowings decreased by ¥141 million.Annual report
「The main components were a ¥608 million increase in current liabilities, primarily due to a ¥601 million increase in short-term borrowings, and a ¥144 million decrease in non-current liabilities, primarily due to a ¥141 million decrease in long-term borrowings.」
At the end of the second quarter, short-term borrowings increased by ¥601 million while long-term borrowings decreased by ¥141 million, changing the borrowing mix. - FY2024-Q1Short-term borrowings increased by ¥150 million, while long-term borrowings decreased by ¥72 million.Annual report
「The main components were a ¥232 million increase in current liabilities, primarily due to increases of ¥150 million in short-term borrowings and ¥103 million in accounts payable, partly offset by a ¥74 million decrease in non-current liabilities, primarily due to a ¥72 million decrease in long-term borrowings.」
At the end of the first quarter, short-term borrowings increased by ¥150 million while long-term borrowings decreased by ¥72 million, changing the borrowing mix. - FY2023Short-term borrowings increased by ¥180 million, and ¥542 million of long-term borrowings was repaid.Annual report
「The main component was a net increase of ¥180 million in short-term borrowings, partly offset by ¥542 million paid for the repayment of long-term borrowings.」
The year-end borrowing mix was disclosed, including an increase in short-term borrowings and repayment of long-term borrowings. - FY2023-Q3Short-term borrowings increased by ¥250 million, while long-term borrowings decreased by ¥284 million.Annual report
「The main components were a ¥155 million decrease in current liabilities, despite a ¥250 million increase in short-term borrowings, primarily due to a ¥354 million decrease in unpaid amounts, and a ¥308 million decrease in non-current liabilities, primarily due to a ¥284 million decrease in long-term borrowings.」
At the end of the third quarter, short-term borrowings increased while long-term borrowings decreased, changing the borrowing mix. - FY2023-Q2Short-term borrowings increased by ¥350 million, while long-term borrowings decreased by ¥211 million.Annual report
「The main components were a ¥64 million increase in current liabilities, primarily due to a ¥350 million increase in short-term borrowings, partly offset by a ¥395 million decrease in unpaid amounts, and a ¥204 million decrease in non-current liabilities, primarily due to a ¥211 million decrease in long-term borrowings.」
At the end of the second quarter, short-term borrowings increased while long-term borrowings decreased, changing the borrowing mix. - FY2023-Q1Short-term borrowings increased by ¥300 million, and long-term borrowings increased by ¥68 million.Annual report
「The main components were a ¥47 million increase in current liabilities, despite decreases of ¥149 million in long-term borrowings due within one year and ¥232 million in unpaid amounts, primarily due to a ¥300 million increase in short-term borrowings, as well as a ¥73 million increase in non-current liabilities, primarily due to a ¥68 million increase in long-term borrowings.」
Short-term borrowings increased by ¥300 million and long-term borrowings by ¥68 million from the end of the previous fiscal year, indicating that funds had been raised through borrowing. - FY2022Short-term borrowings increased by ¥550 million, while long-term borrowings decreased by ¥619 million.Annual report
「The main components were a ¥532 million increase in current liabilities, reflecting increases of ¥550 million in short-term borrowings and ¥322 million in unpaid amounts, partly offset by a ¥161 million decrease in asset retirement obligations, and a ¥748 million decrease in non-current liabilities, primarily due to a ¥619 million decrease in long-term borrowings.」
Short-term borrowings increased while long-term borrowings were repaid, changing the borrowing mix. - FY2022-Q3Short-term borrowings increased by ¥550 million, while long-term borrowings decreased by ¥388 million.Annual report
「The main components were a ¥160 million increase in current liabilities, primarily due to a ¥550 million increase in short-term borrowings and a ¥165 million decrease in asset retirement obligations, partly offset by a ¥424 million decrease in non-current liabilities, primarily due to a ¥388 million decrease in long-term borrowings.」
At the end of the third quarter, short-term borrowings increased by ¥550 million while long-term borrowings decreased by ¥388 million, changing the borrowing mix. - FY2022-Q2Short-term borrowings increased by ¥450 million, while long-term borrowings decreased by ¥306 million.Annual report
「The main components were a ¥99 million increase in current liabilities, primarily due to a ¥450 million increase in short-term borrowings, partly offset by decreases of ¥81 million in long-term borrowings due within one year and ¥165 million in asset retirement obligations, and a ¥330 million decrease in non-current liabilities, primarily due to a ¥306 million decrease in long-term borrowings.」
At the end of the second quarter, short-term borrowings increased by ¥450 million while long-term borrowings decreased by ¥306 million, changing the borrowing mix. - FY2022-Q1Short-term borrowings increased by ¥200 million, while long-term borrowings decreased by ¥225 million.Annual report
「The main components were a ¥251 million increase in current liabilities, primarily due to a ¥200 million increase in short-term borrowings and a ¥164 million decrease in asset retirement obligations, partly offset by a ¥245 million decrease in non-current liabilities, primarily due to a ¥225 million decrease in long-term borrowings.」
Short-term borrowings increased while long-term borrowings decreased, changing the borrowing mix. - FY2021-Q3Long-term borrowings increased by ¥1,212 million following the opening of the hotel.Annual report
「The main components were a ¥559 million decrease in current liabilities, primarily due to a ¥650 million decrease in short-term borrowings, and a ¥1,064 million increase in non-current liabilities, primarily due to a ¥1,212 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,212 million through refinancing into longer-term funding following the hotel opening, while short-term borrowings decreased by ¥650 million. - FY2021-Q2Short-term borrowings increased by ¥800 million.Annual report
「The main components were an increase of ¥800 million in current liabilities, primarily due to the increase in short-term borrowings, partly offset by a decrease of ¥580 million in non-current liabilities, primarily due to a ¥178 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥800 million from the end of the previous fiscal year in preparation for a prolonged pandemic. - FY2021-Q1Short-term borrowings increased by ¥650 million in preparation for a prolonged pandemic.Annual report
「To prepare for the risk of a prolonged impact from the novel coronavirus infection, the Company drew on a new overdraft facility and implemented short-term borrowing. Liquidity has been secured, including an expected refund of ¥759 million in interim tax payments made during the previous consolidated fiscal year.」
To prepare for a prolonged pandemic, the Company implemented short-term borrowing using an overdraft facility, increasing short-term borrowings by ¥650 million from the end of the previous fiscal year, while explaining that liquidity had been secured, including the expected tax refund. - FY2020Additional borrowing of ¥750 million to address the pandemic.Annual report
「In view of the impact on performance from the spread of the novel coronavirus infection, the Company borrowed a total of ¥750 million from its relationship financial institutions in March 2020 to build up cash on hand and further stabilize group management. Working capital for the business has been secured for the foreseeable future.」
To address the impact of the pandemic on performance, the Company borrowed a total of ¥750 million in March 2020 after the fiscal year-end, securing working capital. - FY2020-Q3¥1 billion in short-term borrowings was recorded to fund the expansion of the business hotel under construction.Annual report
「Current liabilities decreased by ¥363 million, mainly because short-term borrowings increased by ¥1 billion to fund the extension of a business hotel under construction, while income taxes payable and other liabilities decreased by ¥1.424 billion.」
Short-term borrowings increased by ¥1 billion to fund the expansion of the business hotel under construction, resulting in actual additional financing. - FY2020-Q2Short-term borrowings increased by ¥200 million, and ¥360 million was borrowed through long-term borrowings.Annual report
「The main components were a net increase of ¥200 million in short-term borrowings and ¥360 million in proceeds from long-term borrowings, partly offset by ¥254 million paid for the repayment of long-term borrowings.」
Short-term borrowings increased net by ¥200 million and ¥360 million was raised through long-term borrowings, while ¥254 million of long-term borrowings was repaid. - FY2020-Q1Long-term borrowings increased by ¥206 million.Annual report
「In addition, fixed liabilities increased by ¥211 million, primarily because long-term borrowings increased by ¥206 million.」
After all short-term borrowings had been repaid, long-term borrowings increased by ¥206 million, disclosing that additional borrowing had been undertaken. - FY2019MitigatedAnnual report
「Some of the substantial extraordinary income recognized during the consolidated fiscal year was used to repay short-term borrowings ahead of schedule. As of the end of the consolidated fiscal year, all short-term borrowings had been repaid.」
Part of the extraordinary income was used to repay borrowings, and all short-term borrowings were repaid. Financial measures to address the risks of additional financing and rising interest rates progressed. - FY2019-Q3MitigatedAnnual report
「Current liabilities decreased by ¥3.931 billion, mainly because short-term borrowings decreased by ¥3.5 billion and deposits received decreased by ¥1.998 billion. Non-current liabilities decreased by ¥569 million, mainly because long-term borrowings decreased by ¥328 million and asset retirement obligations decreased by ¥230 million.」
In addition to short-term borrowings, long-term borrowings also decreased by ¥328 million, reducing outstanding liabilities. - FY2019-Q2MitigatedAnnual report
「The change resulted from ¥200 million in proceeds from long-term borrowings, offset by ¥3.5 billion in repayments of short-term borrowings and ¥399 million in repayments of long-term borrowings.」
Although new long-term borrowings of ¥200 million were raised, ¥3.5 billion of short-term borrowings and ¥399 million of long-term borrowings were repaid, bringing the short-term borrowing balance to zero. - FY2019-Q1MitigatedAnnual report
「Current liabilities decreased by ¥3.234 billion, mainly because short-term borrowings decreased by ¥3.5 billion and deposits received decreased by ¥1.991 billion. Non-current liabilities decreased by ¥511 million, mainly because long-term borrowings decreased by ¥248 million and asset retirement obligations decreased by ¥232 million.」
Short-term borrowings decreased by ¥3.5 billion to a zero balance, while long-term borrowings also decreased by ¥248 million. - FY2018-Q3MaterialisedAnnual report
「On 28 December 2017, we borrowed funds from financial institutions to finance the acquisition of reserved land in the land readjustment project area south of Ichikawa-Shiohama Station on the JR Keiyo Line.」
We borrowed ¥1.5 billion from financial institutions in connection with the acquisition of land in the Ichikawa-Shiohama area. The possibility of additional financing materialized as an actual borrowing. - FY2017First statedAnnual report
「Opening a new hotel requires substantial capital investment per facility, so further investment financing may be required depending on progress with the business plan. Although our relationships with the respective lending banks are good, some borrowings carry variable interest rates. A substantial increase in interest rates could affect the performance and financial position of our group.」
The company reported the possibility of additional financing associated with new hotel openings and the acquisition of reserved land, as well as the risk of higher interest rates on variable-rate borrowings.