Repayment of Interest-Bearing Debt and the Medium- to Long-Term Transition to a Net Cash Position
First written in FY2025. 4 of 5 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-07-31.
43 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedRevision of earnings forecasts
「These included ¥433.2 billion in payments for the repayment of long-term borrowings in connection with the early repayment of borrowings.」
Specifically identified the early repayment of long-term borrowings as a use of funds during the Quarter. Achievement of a net-cash target was not stated. - FY2026AdvancedAnnual report
「At the end of the consolidated fiscal year, the Group held ¥470.7 billion in cash and deposits against ¥1,022.8 billion of interest-bearing debt, resulting in net interest-bearing debt of ¥552.1 billion.」
Net interest-bearing debt declined from ¥931.0 billion at the previous year-end to ¥552.1 billion, while the net debt-to-equity ratio fell from 1.26x to 0.39x. The net cash target remains in place. - 2026-05-15AdvancedRevision of earnings forecasts
「On 15 May 2026, we notified the lenders that we would repay the entire remaining balance of borrowings under the agreement and terminate the agreement. The full repayment and termination are scheduled to be carried out on 25 May 2026.」
Indicated the planned execution of full repayment of the remaining borrowing balance and termination of the agreement, adding specific progress toward reducing interest-bearing debt. Execution was scheduled for 25 May 2026; achievement of a net-cash position was not stated. - FY2026-H1AdvancedAnnual report
「In July 2025, the Company issued unsecured senior notes denominated in U.S. dollars to reduce its cost of capital and strengthen cash-flow generation, extend maturities and smooth the repayment schedule, improve debt covenants, release security over existing term loans and diversify funding methods. Using the proceeds, it acquired and cancelled all Class A and Class B preferred shares issued in June 2019 and refinanced its existing financing agreements with financial institutions under new agreements with improved terms.」
The issuance of bonds, acquisition and cancellation of all preferred shares, and refinancing under new loan agreements were completed in July 2025, showing concrete progress in strengthening the financial base. Achievement of the net cash target was not stated. - FY2025First statedAnnual report
「The Group will use free cash flow generated by business activities and other sources to fund future growth and repay interest-bearing debt, improve its financial position and, over the medium to long term, achieve net cash, meaning that cash and cash equivalents exceed interest-bearing debt.」
Net interest-bearing debt was ¥931.0 billion at 31 March 2025. The Group aims to achieve net cash while balancing growth investment and debt repayment.