Securing Funding Liquidity through Internal Funds, the Odakyu Group CMS, and Other Sources
First written in FY2019. 18 of 25 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-07-10.
Shirohato moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 2 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-07-10WorsenedEarnings
「Cash and cash equivalents at the end of the interim accounting period decreased by ¥262.168 million from the end of the previous fiscal year to ¥381.420 million, down 40.7% from the previous fiscal year.」
While proceeding with debt repayments, the Company’s liquidity on hand declined. - FY2027-H1Decrease in cash on hand and liquidityAnnual report
「Cash and cash equivalents at the end of the interim accounting period decreased by ¥262,168 thousand from the end of the previous fiscal year to ¥381,420 thousand, a decrease of 40.7% year on year.」
While repayments of short-term borrowings and other debt progressed, cash and cash equivalents decreased by ¥262,168 thousand, reducing cash on hand and liquidity to ¥381,420 thousand. - FY2026-H1Increase in cash on handAnnual report
「Cash and cash equivalents at the end of the interim accounting period increased by ¥47,283 thousand from the end of the previous fiscal year to ¥601,710 thousand, an increase of 8.5% year on year.」
Under cash management involving proceeds from the sale of the former head office and repayments following the refinancing, cash and cash equivalents increased by ¥47,283 thousand to ¥601,710 thousand. - FY2025AdvancedAnnual report
「Cash and cash equivalents at the end of the fiscal year increased by ¥89,161 thousand from the end of the previous fiscal year to ¥643,588 thousand, an increase of 16.1% year on year.」
Cash and cash equivalents increased by ¥89,161 thousand from the end of the previous fiscal year to ¥643,588 thousand. The increase in cash on hand and liquidity was recorded amid cash management involving proceeds from the sale of the former head office and debt repayments. - FY2025AdvancedAnnual report
「Cash and cash equivalents at the end of the fiscal year increased by ¥361,208 thousand from the end of the previous fiscal year to ¥554,426 thousand, an increase of 186.9% year on year.」
Cash and cash equivalents increased by ¥361,208 thousand from the end of the previous fiscal year, restoring cash on hand and liquidity to ¥554,426 thousand. In addition, subsequent events included the full repayment and refinancing of the former syndicated loan. - FY2025-H1Increase in Cash and Cash EquivalentsAnnual report
「Cash and cash equivalents at the end of the interim accounting period increased by ¥128,475 thousand from the end of the previous fiscal year to ¥321,693 thousand, an increase of 66.5% year on year.」
Cash and cash equivalents increased by ¥128,475 thousand from the end of the previous fiscal year to ¥321,693 thousand. Cash on hand and liquidity turned upward from the decrease recorded at the end of the previous fiscal year. - FY2025-Q1Decrease in cash and depositsAnnual report
「The main factors were a decrease in cash and deposits, down ¥97,376 thousand from the end of the previous fiscal year, an increase in accounts receivable, up ¥49,860 thousand, and an increase in merchandise, up ¥242,196 thousand.」
Cash and deposits decreased by ¥97,376 thousand from the end of the previous fiscal year, while merchandise increased by ¥242,196 thousand. The decrease in cash on hand and liquidity and the increase in inventory were reported concurrently. - FY2024Decrease in cash on hand and liquidityAnnual report
「Cash and cash equivalents at the end of the fiscal year decreased by ¥499,096 thousand from the end of the previous fiscal year to ¥193,218 thousand, a decrease of 72.1% year on year.」
While a refinancing funding framework was in place, cash and cash equivalents decreased by ¥499,096 thousand, resulting in a substantial reduction in cash on hand and liquidity. - FY2024-Q2AdvancedAnnual report
「The factors were proceeds of ¥2,112,500 thousand from long-term borrowings and payments of ¥2,344,507 thousand for the repayment of short-term and long-term borrowings.」
Following the refinancing, ¥2,112,500 thousand was raised through long-term borrowings, while ¥2,344,507 thousand in total short-term and long-term borrowings was repaid. - FY2024-Q1AdvancedAnnual report
「In connection with the termination of the capital and business alliance with Odakyu Electric Railway Co.,Ltd., we executed a syndicated loan agreement and drew down funds on 31 March 2023 to repay all borrowings from Odakyu Electric Railway Co.,Ltd. and refinance the existing syndicated loan.」
To repay all borrowings from Odakyu Electric Railway Co.,Ltd. and refinance the existing syndicated loan, a new syndicated loan agreement was executed and borrowings were drawn down on 31 March 2023. - FY2023AdvancedAnnual report
「Cash and cash equivalents at the end of the fiscal year increased by ¥184,019 thousand from the end of the previous fiscal year to ¥692,314 thousand, an increase of 36.2% year on year.」
Cash and cash equivalents increased by ¥184,019 thousand from the end of the previous fiscal year to ¥692,314 thousand, indicating an increase in cash on hand and liquidity. - FY2023-Q3AdvancedAnnual report
「The main factors were an increase in cash and deposits, up ¥106,565 thousand from the end of the previous fiscal year, an increase in accounts receivable, up ¥145,029 thousand, and an increase in merchandise, up ¥215,136 thousand.」
Cash and deposits increased by ¥106,565 thousand from the end of the previous fiscal year, indicating an improvement in the financial position related to securing funding liquidity. - FY2023-Q2AdvancedAnnual report
「Cash and cash equivalents at the end of the second quarter increased by ¥208,700 thousand from the end of the previous fiscal year to ¥716,995 thousand, an increase of 41.1% year on year.」
Cash and cash equivalents increased by ¥208,700 thousand from the end of the previous fiscal year to ¥716,995 thousand. Cash on hand and liquidity improved, partly due to proceeds from the cancellation of insurance reserve funds. - FY2023-Q1AdvancedAnnual report
「Current assets totaled ¥2,260,483 thousand, an increase of ¥409,790 thousand from the end of the previous fiscal year. The main factor was an increase in cash and deposits, up ¥217,681 thousand from the end of the previous fiscal year.」
Current assets increased by ¥409,790 thousand from the end of the previous fiscal year, while cash and deposits increased by ¥217,681 thousand. The increase in cash on hand and liquidity was reflected in the figures. - FY2022-Q3AdvancedAnnual report
「The main factor was an increase in cash and deposits, up ¥430,240 thousand from the end of the previous fiscal year.」
Cash and deposits increased by ¥430,240 thousand from the end of the previous fiscal year to ¥978,909 thousand, indicating progress in securing cash on hand and liquidity. - FY2022-Q2AdvancedAnnual report
「Cash and cash equivalents at the end of the second quarter increased by ¥490,498 thousand from the end of the previous fiscal year to ¥1,039,167 thousand, an increase of 89.4% year on year.」
Cash and cash equivalents increased by ¥490,498 thousand from the end of the previous fiscal year to ¥1,039,167 thousand, demonstrating the actual progress made in securing cash on hand and liquidity. - FY2022-Q1AdvancedAnnual report
「To consolidate the ¥650 million overdraft facility provided by our parent company, Odakyu Electric Railway Co.,Ltd., with borrowings under the CMS (cash management system), we entered into the following overdraft facility agreement. Its details are as follows.」
To consolidate the existing ¥650 million overdraft facility from Odakyu Electric Railway Co.,Ltd. with CMS borrowings, an overdraft facility agreement was entered into on 31 March 2021 for a borrowing limit of ¥2,600 million, a fixed interest rate of 0.9% and a repayment date of 31 March 2022. - FY2021AdvancedAnnual report
「Our primary funding needs are capital expenditures, merchandise purchases, personnel expenses and other selling, general and administrative expenses. To respond steadily to these funding needs, we raise funds primarily through the use of internal funds, the Odakyu Group CMS and a syndicated loan from four commercial banks.」
Internal funds, the CMS and a syndicated loan from four commercial banks were reaffirmed as the actual funding measures for securing liquidity. Increases of ¥1,459,340 thousand in short-term borrowings and ¥462,500 thousand in long-term borrowings were also reported. - FY2021-Q3AdvancedAnnual report
「The main factor was an increase in cash and deposits resulting from securing cash on hand and liquidity, up ¥294,755 thousand from the end of the previous fiscal year.」
Cash and deposits increased by ¥294,755 thousand from the end of the previous fiscal year as cash on hand and liquidity was secured, demonstrating the actual progress made in securing liquidity. - FY2021-Q2AdvancedAnnual report
「The main factor was the raising of ¥604,566 thousand through short-term borrowings from Odakyu Electric Railway Co.,Ltd. and ¥500,000 thousand through long-term borrowings under a syndicated loan to finance the acquisition of the new head office and distribution center and other items.」
The company actually raised ¥604,566 thousand in short-term borrowings from Odakyu Electric Railway Co.,Ltd. and ¥500,000 thousand in long-term borrowings under a syndicated loan for the acquisition of the new head office and distribution center and other items. - FY2021-Q1AdvancedAnnual report
「The main factor was an increase in short-term borrowings associated with raising funds to pay for construction work on the new head office and distribution center and other items, up ¥1,700,610 thousand from the end of the previous fiscal year.」
Funding for construction of the new head office and distribution center and other items progressed through short-term borrowings, providing a concrete response to the funding needs. - FY2020AdvancedAnnual report
「Our primary funding needs are capital expenditures, merchandise purchases, personnel expenses and other selling, general and administrative expenses. To respond steadily to these funding needs, we raise funds primarily through the use of internal funds, the Odakyu Group CMS and a syndicated loan from four commercial banks.」
Internal funds, the Odakyu Group CMS and a syndicated loan from four commercial banks are expressly identified as the actual funding framework for securing liquidity. - FY2020-Q3AdvancedAnnual report
「The main factors were an increase in short-term borrowings associated with raising funds to pay for construction work on the new head office and distribution center and other items, up ¥1,024,178 thousand from the end of the previous fiscal year, and an increase in accounts payable associated with purchases of seasonal merchandise and other items, up ¥186,746 thousand from the end of the previous fiscal year. Non-current liabilities totaled ¥1,082,844 thousand, an increase of ¥939,472 thousand from the end of the previous fiscal year. The main factor was an increase in long-term borrowings, consisting of a syndicated loan, to finance construction work on the new head office and distribution center, up ¥881,250 thousand from the end of the previous fiscal year.」
The increase in short-term borrowings and long-term borrowings under the syndicated loan for construction of the new head office and distribution center was recorded as an actual result. - FY2020-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 15 November 2018, we entered into the following syndicated loan agreement with a syndicate of four financial institutions, with MUFG Bank, Ltd. acting as lead arranger, to finance construction of the new head office and distribution center.」
On 27 August 2019, a syndicated loan agreement was signed with four financial institutions to finance construction of the new head office and distribution center. The agreement amount was ¥1,500 million, marking the development of the liquidity policy into a specific funding agreement. - FY2019First statedAnnual report
「To respond steadily to these funding needs, we raise funds primarily by using internal funds and the Odakyu Group CMS (cash management system). With regard to funding liquidity, we also have ample borrowing capacity with multiple financial institutions besides the Odakyu Group CMS, and believe that we have secured sufficient means to meet our liquidity needs and future debt obligations.」
A policy of securing liquidity by combining internal funds, the Odakyu Group CMS and borrowing capacity with multiple financial institutions was first described as a standalone theme in response to funding needs for capital expenditures, merchandise purchases, personnel expenses and other items.