Improving the Cash Position through the Sale of Owned Real Estate
First written in FY2020-Q2. 3 of 4 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2021-Q1.
2 other companies' latest entry also says "Advanced".
- FY2021-Q1AdvancedAnnual report
「The company improved its cash position by selling real estate it owned in July 2020.」
The company implemented its policy of selling owned real estate and improved its cash position through the sale in July 2020. - FY2020AdvancedAnnual report
「Investing activities resulted in net cash inflow of ¥999 million, compared with an outflow of ¥335 million in the same period of the previous year. This was mainly due to cash inflow of ¥1,838 million from the sale of property, plant and equipment.」
The company carried out the sale of fixed assets to secure cash and recorded ¥1,838 million in proceeds from the sale of property, plant and equipment. - FY2020-Q3AdvancedAnnual report
「At a board meeting held on 12 March 2020, the company resolved to transfer fixed assets and completed the transfer on 24 April 2020.」
The company resolved to sell owned real estate and carried out the sale as a measure to improve its cash position and financial base, expecting a gain on disposal of ¥814 million. It also resolved to sell rental property on 15 May 2020. - FY2020-Q2First statedAnnual report
「Because improving operating profitability will take a certain amount of time, the Company will improve its cash position by selling real estate properties it owns.」
As a funding measure until the effects of the structural reforms materialize, the company outlined for the first time a plan to improve its cash position by selling owned real estate.