Cash Preservation and Monetization of Inventory and Other Assets
First written in FY2022. 4 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2027-H1.
The whole theme swung hardest in 2018: 2 of 21 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「During the interim consolidated accounting period, the company raised a total of ¥1,056 million through the issuance and exercise of stock acquisition rights (10,573 rights and 1,057,300 shares). In addition, in September 2026, after the end of the interim consolidated accounting period, it raised approximately ¥957 million through the exercise of stock acquisition rights (9,854 rights and 985,400 shares), and exercises have continued since October of the same year.」
The cash-focused policy is taking concrete shape through the conversion of inventory and other assets into cash, together with securing working capital through the phased exercise of stock acquisition rights. - FY2026MitigatedAnnual report
「As a result, cash and cash equivalents at the end of the consolidated fiscal year amounted to ¥1,832,352 thousand, and sufficient financial resources and liquidity have been secured for the future.」
The cash-focused policy, previously centered on converting inventory into cash, has evolved into an approach that also combines financing through the exercise of stock acquisition rights and other measures to secure ¥1,832 million in cash and cash equivalents. - FY2026-H1Shift toward securing working capital through financingAnnual report
「The Company holds 17,520 unexercised units of the fourth series of stock acquisition rights issued in March 2024, equivalent to 1,752,000 shares. In September 2025, it also issued the fifth, sixth and seventh series of stock acquisition rights, totaling 30,000 units and equivalent to 3,000,000 shares. Accordingly, the Company believes that it has secured sufficient working capital through the proceeds from the subscription for these stock acquisition rights and the payment of the issue price for shares issued upon their exercise.」
The cash-focused policy has been reframed to include not only converting inventory and other assets into cash, but also securing working capital through unexercised stock acquisition rights and new issuances. - FY2025AdvancedAnnual report
「There were increases in funds, including ¥97 million from a decrease in inventories.」
In connection with the conversion and reduction of inventory into cash, a ¥97 million decrease in inventories was identified as a factor contributing to an increase in cash from operating activities. - FY2024-Q2AdvancedAnnual report
「This was mainly due to an increase in funds from a ¥34 million profit before income taxes, a ¥127 million decrease in inventories, and a ¥41 million increase in trade payables, among other factors, and a decrease in funds from a ¥34 million gain on reversal of stock acquisition rights, a ¥28 million decrease in the provision for bonuses, a ¥24 million increase in trade receivables, ¥25 million of income taxes paid, and ¥145 million in other factors.」
In connection with the cash-focused and asset-monetization initiatives, a ¥127 million decrease in inventories and other factors were identified as drivers of cash movements from operating activities. - FY2023AdvancedAnnual report
「The company has made building a cost structure capable of withstanding the prolonged contraction in sales and maintaining cash on hand its highest priorities. Specific measures included closing loss-making stores, reducing procurement, and strengthening outlet sales to monetize inventories.」
The cash-focused policy has taken concrete form through multiple measures, including closing loss-making stores, reducing procurement, and strengthening outlet sales to monetize inventories. - FY2022First statedAnnual report
「・The company worked to improve cash flow, which had deteriorated during the COVID-19 pandemic, by improving procurement efficiency, implementing more precise merchandise planning and management, and monetizing assets including inventories. ・As the COVID-19 pandemic continued, the company focused on products and e-commerce for which reliable demand was expected, pursued a cash-focused strategy, and expanded into new areas, including M&A.」
A cash-focused strategy of monetizing assets such as inventories and concentrating on products and e-commerce with reliable demand was disclosed independently for the first time as an annual policy.