Reduction of Interest-Bearing Debt and Restraint on New Borrowing
First written in FY2019-Q2. 5 of 15 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-07-16.
Horiifoodservice moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 5 of 47 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Decrease of ¥100 million in short-term borrowings due to repayment of borrowings」
The Company repaid ¥100 million in short-term borrowings, reducing them from ¥1,400 million at the end of the previous consolidated fiscal year to ¥1,300 million. This represented tangible progress in reducing interest-bearing debt. - FY2026-H1AdvancedAnnual report
「Decrease of ¥100 million in short-term borrowings due to repayment of borrowings」
The Company repaid ¥100 million in short-term borrowings, making tangible progress in reducing interest-bearing debt. - FY2024-Q1RestatedAnnual report
「Total overdraft limit and commitment line amount: ¥2,400 million Outstanding borrowings: ¥1,500 million Difference: ¥900 million」
The outstanding balance of short-term borrowings and borrowings drawn under the commitment line was ¥1,500 million, unchanged from the end of the previous fiscal year, maintaining the financial position following the limitation of new borrowings. - FY2023-Q2RestatedAnnual report
「• Proceeds from short-term borrowings: ¥0 (down ¥1,000 million)」
There were no proceeds from new short-term borrowings during the cumulative second quarter under review, and the balance of short-term borrowings remained unchanged at ¥1,500 million from the end of the previous fiscal year. - FY2022-Q2SoftenedAnnual report
「Current liabilities were ¥1,961.248 million, an increase of ¥667.133 million (51.6%) from the end of the previous fiscal year. This was mainly due to an increase of ¥1,000 million in short-term borrowings.」
Against the previous policy direction of reducing interest-bearing debt and limiting new borrowings, short-term borrowings increased by ¥1,000 million to address difficult operating conditions, bringing the balance of short-term borrowings to ¥1,500 million. - FY2022-Q1SoftenedAnnual report
「Current liabilities were ¥1,601.232 million, an increase of ¥307.117 million (23.7%) from the end of the previous fiscal year. This was mainly due to an increase of ¥500 million in short-term borrowings, a decrease of ¥30.428 million in accounts payable due to lower purchases, and a decrease of ¥60.272 million in accounts payable and other current liabilities due to payments under the social insurance premium deferral programme.」
Short-term borrowings increased by a further ¥500 million from the end of the previous fiscal year, and the weakening of the previous policy direction of reducing interest-bearing debt and limiting new borrowings continues. - FY2021RestatedAnnual report
「During the fiscal year under review, we raised funds under a commitment line agreement to address a funding shortfall amid difficult operating conditions.」
With the policy of limiting new borrowings having receded, financial management involving the use of short-term borrowings to address funding shortages during the infectious disease outbreak continues. - FY2021-Q2SoftenedAnnual report
「Current liabilities were ¥1,154.775 million, an increase of ¥528.196 million (84.3%) from the end of the previous fiscal year. This was mainly due to an increase of ¥500 million in short-term borrowings, an increase of ¥78.926 million in accounts payable and other current liabilities resulting from the use of a deferral programme for social insurance premium payments, an increase of ¥24.143 million in the provision for store closure losses following the decision to close stores, and an increase of ¥64.938 million in asset retirement obligations.」
After the lump-sum repayment of all borrowings, ¥500 million in new short-term borrowings was recorded, further weakening the trend of reducing interest-bearing debt and limiting new borrowings. - FY2021-Q1SoftenedAnnual report
「Current liabilities were ¥855.174 million, an increase of ¥228.595 million (36.5%) from the end of the previous fiscal year. This was mainly due to an increase of ¥300 million in short-term borrowings, an increase of ¥13.788 million in the provision for store closure losses following the decision to close stores, and an increase of ¥26.637 million in asset retirement obligations.」
After repaying all borrowings in the previous fiscal year, the Company recorded ¥300 million in new short-term borrowings, weakening the trend of limiting new borrowings and reducing interest-bearing debt. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, we funded expenditures using cash carried forward from the previous fiscal year and therefore made no new borrowings.」
Financial management aimed at reducing interest-bearing debt by limiting new borrowings continues. - FY2019AchievedAnnual report
「During the fiscal year under review, we made a lump-sum repayment of all borrowings. The debt ratio fell to 50.0%, and we believe our financial soundness improved further.」
The policy of reducing interest-bearing debt reached a specific milestone with the lump-sum repayment of all borrowings during the fiscal year under review. - FY2019-Q3AdvancedAnnual report
「A decrease of ¥200 million in short-term borrowings and a decrease of ¥211.152 million in long-term borrowings due within one year, resulting from lump-sum repayments」
Short-term borrowings and long-term borrowings due within one year decreased as a result of lump-sum repayments, marking tangible progress in reducing interest-bearing debt. - FY2019-Q2First statedAnnual report
「During the cumulative second quarter under review, we made no new borrowings, including those for temporary funding needs, with the aim of reducing interest-bearing debt. As repayments of interest-bearing debt took precedence, cash flow from financing activities decreased.」
With the aim of reducing interest-bearing debt, a policy of making no new borrowings and proceeding with repayments of long-term borrowings and other debt was described as an independent theme for the first time.