Interest Burden and Dilution from M&A Financing
First written in FY2018. 15 of 27 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2027-H1.
Yoshimura Food Holdings K.K. moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「This was mainly due to an increase of ¥1,876.490 million in borrowings and other liabilities and an increase of ¥627.592 million in other fixed liabilities, partly offset by a ¥716.941 million decrease in notes and accounts payable.」
As of the end of the interim consolidated accounting period, borrowings and other liabilities had increased by ¥1,876.490 million, increasing the financial burden associated with M&A, capital expenditures and other activities. - FY2026WorsenedAnnual report
「Liabilities amounted to ¥41,775.176 million, an increase of ¥2,240.456 million from the end of the previous consolidated fiscal year. This was primarily due to increases of ¥2,138.618 million in borrowings and other debt and ¥905.424 million in notes and accounts payable.」
Borrowings and other debt associated with M&A and other matters increased by ¥2,138.618 million, while total liabilities increased by ¥2,240.456 million year on year. - FY2026-H1WorsenedAnnual report
「Net cash provided by financing activities was ¥2,913.421 million, compared with ¥2,059.900 million used in the previous interim consolidated accounting period. This was primarily due to sources of funds including ¥8,772.104 million in proceeds from long-term borrowings and a ¥1,564.203 million increase in short-term borrowings, offset by uses of funds including ¥7,333.500 million in repayments of long-term borrowings.」
As financing for M&A and other matters, the company recorded ¥8,772.104 million in long-term borrowings and a ¥1,564.203 million increase in short-term borrowings, resulting in a ¥3,106.454 million increase in borrowings and other debt from the end of the previous fiscal year. - FY2025MitigatedAnnual report
「Liabilities amounted to ¥39,534.719 million, a decrease of ¥799.262 million from the end of the previous consolidated fiscal year. This was primarily due to increases of ¥630.734 million in income taxes payable and ¥330.043 million in deferred tax liabilities, together with a ¥2,702.035 million decrease in borrowings and other debt.」
Borrowings and other debt, including M&A financing, decreased by ¥2,702.035 million, and total liabilities also decreased from the end of the previous fiscal year. - FY2025-H1MitigatedAnnual report
「Liabilities amounted to ¥40,043.218 million, an increase of ¥354.451 million from the end of the previous consolidated fiscal year. This was primarily due to a ¥1,817.906 million decrease in borrowings and other debt, increases of ¥1,278.880 million in notes and accounts payable and ¥1,316.901 million in other current liabilities.」
Although total liabilities increased, borrowings and other debt decreased by ¥1,817.906 million from the end of the previous fiscal year. - FY2025-Q1Updated borrowing balanceAnnual report
「Liabilities amounted to ¥40,481.489 million, an increase of ¥792.723 million from the end of the previous consolidated fiscal year. This was primarily due to increases of ¥42.494 million in borrowings and other debt and ¥655.827 million in notes and accounts payable.」
Liabilities at the end of the first quarter increased by ¥792.723 million from the end of the previous fiscal year, while borrowings and other debt increased by ¥42.494 million. - FY2024WorsenedAnnual report
「Liabilities amounted to ¥39,680.082 million, an increase of ¥17,540.251 million from the end of the previous consolidated fiscal year. This was primarily due to a ¥16,727.521 million increase in borrowings and other debt.」
Against the backdrop of financing for M&A and other matters, borrowings and other debt increased by ¥16,727.521 million, while total liabilities increased by ¥17,540.251 million. - FY2024-Q3WorsenedAnnual report
「This was mainly due to an increase of ¥20,040 million in borrowings and other debt and a ¥289 million decrease in notes and accounts payable.」
Borrowings and other debt increased by ¥20,040.391 million in connection with M&A acquisition funding and other matters, substantially increasing the debt burden associated with M&A financing. - FY2024-Q2WorsenedAnnual report
「Liabilities amounted to ¥25,329 million, up ¥3,324 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,472 million increase in borrowings and other debt, partly offset by a ¥698 million decrease in notes and accounts payable.」
Borrowings and other debt associated with M&A transactions and other activities increased by ¥3,472 million, and total liabilities increased by ¥3,324 million from the end of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「Liabilities amounted to ¥25,488 million, up ¥3,483 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,950 million increase in borrowings, partly offset by a ¥760 million decrease in notes and accounts payable.」
Against the backdrop of financing and other activities following M&A transactions, borrowings increased by ¥3,950 million, and total liabilities increased by ¥3,483 million from the end of the previous fiscal year. - FY2023WorsenedAnnual report
「Liabilities amounted to ¥22,005 million, up ¥6,505 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥4,322 million in borrowings and ¥1,552 million in notes and accounts payable.」
As M&A transactions and other activities progressed, borrowings increased by ¥4,322 million, and total liabilities increased by ¥6,505 million from the end of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Liabilities amounted to ¥19,784 million, up ¥4,355 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,597 million in borrowings and other debt and ¥838 million in accounts payable.」
As M&A transactions progressed, borrowings and other debt increased by ¥2,597 million, and total liabilities increased by ¥4,355 million from the end of the previous fiscal year. - FY2023-Q2WorsenedAnnual report
「Cash provided by financing activities amounted to ¥914 million (compared with ¥1,130 million used in the first six months of the previous fiscal year). This was mainly due to proceeds of ¥3,415 million from long-term borrowings, partly offset by repayments of ¥2,368 million of long-term borrowings and a ¥84 million decrease in short-term borrowings, among other factors.」
Proceeds of ¥3,415 million from long-term borrowings were recorded, updating the scale of financing, including borrowings associated with M&A transactions and other activities. - FY2022-Q3MitigatedAnnual report
「Liabilities amounted to ¥13,656.273 million, a decrease of ¥2,174.945 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥154.077 million in accounts payable and ¥1,737.665 million in borrowings and other liabilities.」
Regarding the borrowing burden associated with M&A transactions and other activities, borrowings and other debt decreased by ¥1,738 million from the previous fiscal year-end. - FY2022-Q2MitigatedAnnual report
「Liabilities amounted to ¥14,087 million, down ¥1,744 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,300 million in borrowings and other debt, ¥218 million in other current liabilities and ¥126 million in accounts payable.」
Borrowings and other debt decreased by ¥1,300 million, reducing the borrowing burden associated with M&A transactions and other activities. - FY2022-Q1MitigatedAnnual report
「Liabilities amounted to ¥14,815.663 million, a decrease of ¥1,015.554 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥680.640 million in borrowings and other liabilities and ¥129.808 million in income taxes payable and other items.」
Borrowings and other debt decreased by ¥681 million from the end of the previous fiscal year, reducing the borrowing burden from M&A financing. - FY2021Updated borrowing balanceAnnual report
「Liabilities amounted to ¥15,831 million, down ¥1,368 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥649 million decrease in borrowings and other debt.」
Regarding the borrowing burden associated with M&A transactions and other activities, borrowings and other debt decreased by ¥649 million from the end of the previous fiscal year, while long-term borrowings outstanding amounted to ¥8,621 million. - FY2021-Q3Borrowing composition updatedAnnual report
「This was mainly due to decreases of ¥441 million in accounts payable, ¥422 million in other current liabilities and an increase of ¥349 million in borrowings and other debt.」
Borrowings and other debt increased by ¥349 million from the end of the previous consolidated fiscal year, and the borrowing composition was updated through a decrease in short-term borrowings and an increase in long-term borrowings. - FY2021-Q2Borrowing composition updatedAnnual report
「This was mainly due to proceeds of ¥2,540 million from long-term borrowings, partly offset by a ¥1,127 million decrease in short-term borrowings and repayments of ¥952 million of long-term borrowings, among other factors.」
While raising ¥2,540 million through long-term borrowings, the company also recorded a decrease in short-term borrowings and repayments of long-term borrowings, updating the borrowing composition associated with M&A transactions and other activities. - FY2021-Q1WorsenedAnnual report
「To offset the decline in cash on hand associated with the acquisition of shares, we raised total funds of ¥1,000 million through short-term borrowings from financial institutions on 2 June 2020, as follows.」
Additional short-term borrowings totalling ¥1,000 million were undertaken in connection with the acquisition of 香り芽本舗, increasing the borrowing burden from M&A financing. - FY2020WorsenedAnnual report
「This was mainly due to proceeds of ¥193 million from short-term borrowings and ¥6,061 million from long-term borrowings, partly offset by repayments of ¥1,388 million of long-term borrowings, among other factors.」
M&A-related and other financing expanded, with proceeds of ¥6,061 million from long-term borrowings and long-term borrowings outstanding of ¥7,119 million at the end of the period. - FY2020-Q3MaterialisedAnnual report
「To offset the decline in cash on hand associated with the acquisition of shares, we raised total funds of ¥2,041 million through short-term borrowings from financial institutions on 10 January 2020, as follows.」
Total short-term borrowings of ¥2,041 million were undertaken to finance the acquisition of shares in NKR CONTINENTAL, giving concrete form to the borrowing burden from M&A financing. - FY2020-Q2WorsenedAnnual report
「Cash provided by financing activities amounted to ¥2,769 million. This was mainly due to proceeds of ¥3,185 million from long-term borrowings and an increase of ¥277 million in short-term borrowings, partly offset by repayments of ¥699 million of long-term borrowings, among other factors.」
As financing for M&A transactions and other purposes, long-term borrowings of ¥3,185 million and other borrowings were incurred, resulting in an increase of ¥2,758 million in borrowings and other debt from the end of the previous fiscal year. - FY2020-Q1MaterialisedAnnual report
「We raised ¥1,350 million under an overdraft agreement, with the interest rate determined in consideration of market interest rates.」
To offset the decline in cash on hand associated with the acquisition of shares in 森養魚場, we obtained a short-term loan of ¥1,350 million, resulting in an actual borrowing burden from M&A financing. - FY2018First statedAnnual report
「For M&A transactions, we plan to raise funds through internal funds or borrowings.」
The possibility of financing costs, dilution and interest expense arising from M&A financing through internal funds or borrowings is described.