Policy of limiting borrowings based on operating cash flow
First written in FY2016. 2 of 34 entries say "Reframed", first in FY2023. Latest entry: FY2026.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The company expects to fund the capital required for growth through earnings generated and borrowings with an equity ratio of 35% as a benchmark.」
The policy has changed from the previous explanation based on maintaining an equity ratio of 50% to a borrowing policy using an equity ratio of 35% as a benchmark. - FY2026-H1Continued increase in short-term borrowingsAnnual report
「Cash flows from financing activities during the six months ended the interim period were an inflow of ¥6,264 million. (The corresponding period of the previous year recorded an inflow of ¥6,112 million.) This was mainly because the ¥8,007 million increase in short-term borrowings exceeded repayments of long-term borrowings of ¥685 million, repayments of lease liabilities of ¥450 million, and dividend payments of ¥568 million.」
Financing cash inflows continued, with short-term borrowings increasing by ¥8,007 million. Continued funding through borrowings can be confirmed. - FY2025-H1Continued increase in short-term borrowingsAnnual report
「This was mainly because the ¥9,265 million increase in short-term borrowings exceeded repayments of long-term borrowings of ¥2,686 million and dividend payments of ¥481 million.」
For financing purposes, the company increased short-term borrowings by ¥9,265 million, resulting in cash inflows that exceeded repayments of long-term borrowings and dividend payments. - FY2024-Q3Continued increase in short-term borrowingsAnnual report
「This was mainly because increases in accounts payable of ¥195 million, short-term borrowings of ¥13,639 million, current maturities of long-term borrowings of ¥2,423 million, accounts payable and other accrued expenses of ¥187 million, and other current liabilities (including deposits received) of ¥318 million exceeded decreases in the provision for bonuses of ¥455 million and long-term borrowings of ¥740 million.」
As part of funding for growth and other purposes, short-term borrowings increased by ¥13,639 million and current maturities of long-term borrowings by ¥2,423 million. - FY2024-Q2Continued increase in short-term borrowingsAnnual report
「Cash flows from financing activities during the six months ended the second quarter were an inflow of ¥7,565 million. (The corresponding period of the previous year recorded an inflow of ¥3,983 million.) This was mainly because the ¥8,359 million increase in short-term borrowings exceeded repayments of long-term borrowings of ¥200 million, repayments of lease liabilities of ¥174 million, and dividend payments of ¥383 million.」
The increase of ¥8,359 million in short-term borrowings expanded financing cash inflows from the same period of the previous year. - FY2024-Q1Increase in short-term borrowings and current maturities of long-term borrowingsAnnual report
「This was mainly because increases in short-term borrowings of ¥4,032 million and current maturities of long-term borrowings of ¥2,475 million exceeded the ¥2,600 million decrease in long-term borrowings.」
After stating a policy of borrowing growth capital within a range consistent with earnings and maintaining an equity ratio of 50%, the company has increased short-term borrowings and current maturities of long-term borrowings. - FY2023ReframedAnnual report
「The company expects to fund the capital required for growth through earnings generated and borrowings within a range that maintains an equity ratio of 50%.」
The company has organized its financial policy around the previous borrowing restraint policy, incorporating an allowable borrowing range based on maintaining an equity ratio of 50%. - FY2023-Q3Increase in short-term borrowingsAnnual report
「The ¥7,091 million increase in short-term borrowings exceeded decreases of ¥611 million in current maturities of long-term borrowings, ¥240 million in the provision for bonuses, and ¥266 million in long-term borrowings.」
Short-term borrowings increased by ¥7,091 million at the end of the third quarter, indicating continued funding through borrowings. - FY2023-Q2Increase in short-term borrowingsAnnual report
「Cash flows from financing activities during the six months ended the second quarter were an inflow of ¥3,983 million. (The corresponding period of the previous year recorded an outflow of ¥912 million.) This was mainly because the ¥5,080 million increase in short-term borrowings exceeded repayments of long-term borrowings of ¥684 million, repayments of lease liabilities of ¥156 million, and dividend payments of ¥219 million.」
The ¥5,080 million increase in short-term borrowings changed financing cash flows from an outflow in the same period of the previous year to an inflow of ¥3,983 million. - FY2023-Q1Increase in short-term borrowingsAnnual report
「¥5,220 million increase in short-term borrowings」
Short-term borrowings increased by ¥5,220 million in the first quarter, continuing the previous trend of raising funds through borrowings. - FY2022-Q3Change in Borrowing MixAnnual report
「Increases in short-term borrowings of ¥985 million, current maturities of long-term borrowings of ¥183 million, and accounts payable of ¥207 million exceeded decreases in the provision for bonuses of ¥177 million and long-term borrowings of ¥917 million.」
Since the end of the previous fiscal year, short-term borrowings and current maturities of long-term borrowings have increased, while long-term borrowings have decreased, changing the borrowing mix. - FY2022-Q2Continued decline in borrowings outstandingAnnual report
「Cash flows from financing activities during the six months ended the second quarter were an outflow of ¥912 million. (The corresponding period of the previous year recorded an inflow of ¥4,178 million.) This was mainly due to a net decrease in short-term borrowings of ¥190 million, repayments of long-term borrowings of ¥466 million, repayments of lease liabilities of ¥132 million, and dividend payments of ¥87 million.」
A net decrease of ¥190 million in short-term borrowings and repayments of ¥466 million in long-term borrowings changed financing cash flows from the inflows from borrowings and other financing activities recorded in the same period of the previous year to an outflow of ¥912 million. - FY2022-Q1Decrease in borrowings outstandingAnnual report
「This was mainly due to decreases of ¥520 million in short-term borrowings, ¥293 million in income taxes payable, ¥248 million in long-term borrowings, and ¥312 million in other current liabilities (including accrued consumption taxes).」
In the first quarter, short-term borrowings decreased by ¥520 million and long-term borrowings by ¥248 million, indicating a shift from continued borrowing to a decline in borrowings outstanding. - FY2021Continued funding through long-term borrowingsAnnual report
「This was mainly because the increase in short-term borrowings of ¥305 million and proceeds of ¥2,600 million from long-term borrowings exceeded repayments of long-term borrowings of ¥1,010 million, repayments of lease liabilities of ¥294 million, and dividend payments of ¥174 million.」
While cash flows from operating activities improved, the company increased short-term borrowings by ¥305 million net and raised ¥2,600 million through long-term borrowings. - FY2021-Q3Continued financing through short- and long-term borrowingsAnnual report
「This was mainly because increases in short-term borrowings of ¥2,289 million, other current liabilities (including accrued consumption taxes) of ¥499 million, and long-term borrowings of ¥1,846 million exceeded decreases in current lease liabilities of ¥104 million, the provision for bonuses of ¥171 million, and non-current lease liabilities of ¥107 million.」
Although no statement of cash flows from operating activities has been prepared, short-term and long-term borrowings continue to increase in connection with funding the required capital. - FY2021-Q2Continued financing through short- and long-term borrowingsAnnual report
「This was mainly because the ¥2,395 million net increase in short-term borrowings and ¥2,600 million in proceeds from long-term borrowings exceeded repayments of long-term borrowings of ¥543 million, lease liability repayments of ¥151 million, and dividend payments of ¥87 million.」
In connection with funding the required capital, the company increased short-term borrowings by ¥2,395 million net and drew down ¥2.6 billion in long-term borrowings, resulting in financing cash inflows of ¥4,178 million. - FY2021-Q1Increase in financing through short- and long-term borrowingsAnnual report
「This was mainly because increases of ¥2,489 million in short-term borrowings and ¥2,299 million in long-term borrowings exceeded the ¥124 million decrease in income taxes payable.」
In connection with financing necessary funds, short-term and long-term borrowings increased during the first quarter. - FY2020Expansion of financing through short-term borrowingsAnnual report
「This was mainly because the ¥5,010 million net increase in short-term borrowings and ¥400 million in proceeds from long-term borrowings exceeded repayments of long-term borrowings of ¥3,304 million and dividend payments of ¥350 million.」
Consistent with the policy of using operating cash flow as a base and financing necessary funds through borrowings, the company executed a net increase of ¥5,010 million in short-term borrowings and other borrowings. - FY2020-Q3Expanded financing through short-term borrowingsAnnual report
「Following the conversion of K-ブランドオフ Co., Ltd. and its two consolidated subsidiaries into group companies, increases of ¥245 million in accounts payable, ¥8,023 million in short-term borrowings, ¥291 million in accounts payable and other payables, ¥442 million in other current liabilities (lease liabilities and other items), and ¥219 million in asset retirement obligations under non-current liabilities …」
In connection with the consolidation of ブランドオフ and other companies into the group, short-term borrowings increased by ¥8,023 million. - FY2020-Q2Continued financing through short-term borrowingsAnnual report
「This was mainly because the ¥1,780 million net increase in short-term borrowings and ¥100 million in proceeds from long-term borrowings exceeded repayments of long-term borrowings of ¥455 million and dividend payments of ¥175 million.」
Consistent with the policy of financing necessary funds through borrowings, the company executed a ¥1,780 million net increase in short-term borrowings and ¥100 million in long-term borrowings. - FY2020-Q1Continued financing through short-term borrowingsAnnual report
「The ¥1,800 million increase in short-term borrowings exceeded the ¥309 million decrease in income taxes payable.」
Consistent with the established policy of financing necessary funds through borrowings, short-term borrowings increased by ¥1,800 million during the quarter. - FY2019Borrowing and bond financing activityAnnual report
「This was mainly because the ¥450 million net increase in short-term borrowings, ¥1,900 million in proceeds from long-term borrowings, ¥500 million in proceeds from bond issuance, and ¥242 million in contributions from non-controlling shareholders exceeded repayments of long-term borrowings of ¥630 million and dividend payments of ¥339 million.」
Consistent with the policy of financing necessary funds while using operating cash flow as a base, the company raised funds through short- and long-term borrowings, bond issuance, and contributions from non-controlling shareholders. - FY2019-Q3Continued financing through borrowings and bondsAnnual report
「This was mainly due to increases of ¥3,310 million in short-term borrowings, ¥314 million in current portion of long-term borrowings, ¥428 million in bonds, and ¥1,144 million in long-term borrowings.」
In connection with financing necessary funds, short-term and long-term borrowings increased, and ¥428 million in newly issued bonds was also recorded. - FY2019-Q2Continued financing through borrowingsAnnual report
「This was mainly because the ¥1,800 million net increase in short-term borrowings and ¥400 million in proceeds from long-term borrowings exceeded repayments of long-term borrowings of ¥285 million and dividend payments of ¥164 million.」
Consistent with the established policy of financing necessary funds through borrowings, the company executed a ¥1,800 million net increase in short-term borrowings and ¥400 million in long-term borrowings. - FY2019-Q1Increase in short-term borrowingsAnnual report
「The ¥1,100 million increase in short-term borrowings exceeded decreases of ¥277 million in income taxes payable and ¥150 million in long-term borrowings.」
Consistent with the established policy of using operating cash flow as a base and financing necessary funds through borrowings, short-term borrowings increased by ¥1,100 million during the quarter. - FY2018Borrowing activity during the fiscal yearAnnual report
「This was mainly because repayments of long-term borrowings of ¥908 million, lease liability repayments of ¥89 million, and dividend payments of ¥328 million exceeded the ¥520 million net increase in short-term borrowings and ¥700 million in proceeds from long-term borrowings.」
Consistent with the policy of using operating cash flow as a base while financing necessary funds through borrowings, the company executed a ¥520 million net increase in short-term borrowings and ¥700 million in long-term borrowings. - FY2018-Q3Continued increase in short-term borrowingsAnnual report
「Short-term borrowings 1,650,000 4,530,000」
Consistent with the established policy of financing necessary funds through borrowings, short-term borrowings increased by ¥2,880 million from the end of the previous consolidated fiscal year. - FY2018-Q2Continued increase in short-term borrowingsAnnual report
「This was mainly because the ¥1,950 million net increase in short-term borrowings exceeded repayments of long-term borrowings of ¥265 million and dividend payments of ¥164 million.」
Consistent with the policy of using operating cash flow as a base and financing necessary funds through borrowings, the company executed a ¥1,950 million net increase in short-term borrowings. - FY2018-Q1Increase in short-term borrowingsAnnual report
「Short-term borrowings 1,650,000 3,200,000」
Consistent with the established policy of using operating cash flow as a base and financing necessary funds through borrowings, short-term borrowings increased by ¥1,550 million from the end of the previous consolidated fiscal year. - FY2017Execution of long-term borrowingAnnual report
「This was mainly because proceeds of ¥2,700 million from long-term borrowings exceeded the net decrease of ¥1,250 million in short-term borrowings, repayments of long-term borrowings of ¥473 million, lease liability repayments of ¥142 million, and dividend payments of ¥328 million.」
Consistent with the policy of using operating cash flow as a base while financing necessary funds through bank borrowings, the company executed ¥2,700 million in long-term borrowings. - FY2017-Q2Execution of borrowingsAnnual report
「Net increase in short-term borrowings: ¥350 million; proceeds from long-term borrowings: ¥2,100 million」
The borrowing results are consistent with the established policy of financing funds required for store openings and other purposes through bank borrowings. - FY2016First statedAnnual report
「Our Group currently seeks to limit borrowings as much as possible and manage funds based on cash generated from operating activities, but plans to obtain through bank borrowings the funds required for future store openings and other purposes.」
The company has indicated a funding policy of generally using operating cash flow and supplementing the funds required for store openings and other purposes with bank borrowings.