Funding New Store Openings and Existing-Store Renovations Through Operating Cash Flow
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Proceeds from long-term borrowings of ¥770 million and repayments of long-term borrowings of ¥802,864 thousand」
Under a policy of generally using cash generated by operating activities and obtaining external financing for large-scale store openings, the Company made long-term borrowings of ¥770 million and repayments of ¥802 million during the fiscal year. - FY2025AdvancedAnnual report
「Use of funds Equipment investment for new stores Borrowing amount ¥300 million Loan execution date 31 July 2025」
Under a policy of generally funding new store openings and renovations of existing stores with cash from operating activities and obtaining external financing for large-scale store openings, the Company subsequently drew down an unsecured and unguaranteed loan of ¥300 million for equipment investment in new stores. - FY2024-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 16 February 2024, the Company issued new shares through a third-party allotment (offering through an over-allotment), with payment completed on 3 April 2024. Use of funds: The funds are scheduled to be used through loans to the consolidated subsidiary 株式会社ＫＩＣＨＩＲＩ for part of the working capital, including equipment investment costs associated with new store openings for business expansion and personnel expenses and recruitment costs associated with new store openings.」
To secure funds for new store openings and working capital, the Company completed the issuance of 156,200 new shares through a third-party allotment on 3 April 2024, putting direct financing from the capital markets into concrete form. - FY2022RestatedAnnual report
「Going forward, we intend to fund new store openings and renovations of existing stores with cash generated from operating activities. If we decide to accelerate openings or pursue a large-scale opening, however, we intend to secure the necessary funds through borrowings from financial institutions or direct financing from the capital markets.」
The policy of financing ordinary store openings and renovations with cash generated by operating activities, while obtaining external financing for large-scale store openings, continues. - FY2021RestatedAnnual report
「Going forward, we intend to fund new store openings and renovations of existing stores with cash generated from operating activities. If we decide to accelerate openings or pursue a large-scale opening, however, we intend to secure the necessary funds through borrowings from financial institutions or direct financing from the capital markets.」
The policy of financing ordinary store openings and renovations with cash generated by operating activities, while obtaining external financing for large-scale store openings, continues. - FY2019First statedAnnual report
「Going forward, we intend to fund new store openings and renovations of existing stores with cash generated from operating activities. If we decide to accelerate openings or pursue a large-scale opening, however, we intend to secure the necessary funds through borrowings from financial institutions or direct financing from the capital markets.」
Routine openings and renovations are to be funded with operating cash flow, while large-scale openings may be funded through borrowings or capital-market financing.