Debt Financing for Acquisitions and Refinancing into Medium- to Long-Term Funding
First written in FY2018. 11 of 12 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026-H1.
24 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Net cash used in financing activities was ¥20.384 billion, up 76.7% year on year. This mainly reflected proceeds of ¥13.0 billion from long-term borrowings, while repayments of lease liabilities used ¥10.966 billion, the acquisition of shares in subsidiaries without a change in the scope of consolidation used ¥10.814 billion, and repayments of long-term borrowings used ¥8.581 billion.」
While raising funds through long-term borrowings, the company spent ¥10.814 billion on the additional acquisition of shares in subsidiaries and continued repaying long-term borrowings and lease liabilities. - FY2025AdvancedAnnual report
「Under IFRS, this subordinated loan is classified as an equity instrument. Accordingly, ¥13.854 billion, net of ¥146 million in transaction costs, has been recognized as other equity instruments in the equity section. In connection with the execution of this subordinated loan, the existing ¥11.0 billion loan with a perpetual subordination clause was voluntarily repaid on 13 November 2024. As the subordinated loan increases equity in the consolidated financial statements, the company will work to further strengthen its financial position.」
In November 2024, the company drew down a total of ¥14.0 billion in perpetual subordinated loans and voluntarily repaid the existing ¥11.0 billion perpetual subordinated loan. It recognized ¥13.854 billion as an equity instrument and proceeded with financing aimed at maintaining financial soundness. - FY2025-H1AdvancedAnnual report
「Net cash used in financing activities was ¥11.536 billion, compared with ¥761 million used in the same period of the previous year. This mainly reflected proceeds of ¥21.872 billion from the issuance of bonds, while short-term borrowings decreased by ¥17.184 billion on a net basis and repayments of lease liabilities used ¥11.635 billion.」
The company received ¥21.872 billion in proceeds from the issuance of convertible bonds with stock acquisition rights, while reducing short-term borrowings by ¥17.184 billion on a net basis and making repayments of lease liabilities. - FY2024AdvancedAnnual report
「Issuance of 2031 Euro-yen convertible bonds with stock acquisition rights” The intended use of the approximately ¥21.85 billion in proceeds from the issuance is as follows: (1) approximately ¥16 billion by March 2026 to permanently refinance acquisition funding for UK-based Fulham Shore, which became a subsidiary on 11 July 2023; and (2) approximately ¥5.85 billion by March 2026 for part of the funds for growth investments, including new overseas store openings.」
In June 2024, the company issued ¥22.0 billion of convertible bonds with stock acquisition rights to make permanent the funding for the acquisition of Fulham Shore and to invest in overseas growth. - FY2024-Q3AdvancedAnnual report
「Net cash used in financing activities was ¥6.875 billion, up 7.4% year on year. This was mainly due to a net increase of ¥16.1 billion in short-term borrowings, while repayments of lease liabilities amounted to ¥15.323 billion and repayments of long-term borrowings amounted to ¥12.744 billion, among other factors.」
The Company disclosed the funding and repayment position following the acquisition of Fulham Shore, including a net increase of ¥16.1 billion in short-term borrowings, ¥15.323 billion in repayments of lease liabilities and ¥12.744 billion in repayments of long-term borrowings. - FY2024-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥761 million, down 89.3% year on year. This was mainly due to a net increase of ¥16.1 billion in short-term borrowings, while repayments of lease liabilities amounted to ¥9.961 billion and repayments of long-term borrowings amounted to ¥8.676 billion, among other factors.」
The Company disclosed the funding and repayment position following the acquisition of Fulham Shore, including a net increase of ¥16.1 billion in short-term borrowings, ¥9.961 billion in repayments of lease liabilities and ¥8.676 billion in repayments of long-term borrowings. - FY2024-Q1AdvancedAnnual report
「On 5 July 2023, the Company entered into a commitment line agreement and drew down the loan on 7 July 2023 as described below. The funds raised are scheduled to be refinanced with medium- to long-term funding in the future.」
The Company established a commitment line to fund the acquisition of shares in Fulham Shore and related purposes, and drew down the loan on 7 July 2023. The funds raised are scheduled to be refinanced with medium- to long-term funding. - FY2023-Q3AdvancedAnnual report
「Net cash used in financing activities was ¥6.402 billion, compared with ¥10 million used in the same period of the previous year. This was mainly due to proceeds of ¥14.960 billion from long-term borrowings, while repayments of lease liabilities amounted to ¥13.924 billion and repayments of long-term borrowings amounted to ¥10.225 billion, among other factors.」
Regarding funding related to acquisitions and store expansion, the Company recorded ¥14.960 billion in proceeds from long-term borrowings while repaying ¥10.225 billion in long-term borrowings. - FY2022AdvancedAnnual report
「This was mainly due to proceeds of ¥16.571 billion from long-term borrowings and ¥15.439 billion in capital contributions from non-controlling shareholders in connection with the listing of Tam Jai International Co. Limited, while repayments of long-term borrowings amounted to ¥15.401 billion and short-term borrowings decreased by ¥3 billion, among other factors.」
The Company received proceeds from long-term borrowings and capital contributions from non-controlling shareholders in connection with the listing of Tam Jai, while also repaying long-term borrowings and reducing short-term borrowings. - FY2020-Q2AdvancedAnnual report
「On 11 November 2019, the Company entered into and executed the following loan agreement to raise funds through a perpetual subordinated loan arranged and agented by Development Bank of Japan Inc. The perpetual subordinated loan is classified as an equity instrument under IFRS, so execution of the agreement will increase equity.」
The Company entered into and executed a ¥11 billion perpetual subordinated loan to fund growth investments and investment in existing businesses, expanding its funding options for acquisitions and store expansion. - FY2019-Q3AdvancedAnnual report
「Cash provided by financing activities was ¥11.697 billion, up 113.1% year on year. This was mainly due to proceeds of ¥37.995 billion from long-term borrowings, while short-term borrowings decreased by ¥17.767 billion, repayments of long-term borrowings amounted to ¥5.068 billion, and purchases of treasury shares used ¥2.146 billion, among other factors.」
Regarding funding related to acquisitions and store expansion, ¥37.995 billion in long-term borrowings was drawn down, while short-term borrowings decreased by ¥17.767 billion. - FY2018First statedAnnual report
「The funds raised under the overdraft facility are scheduled to be refinanced with medium- to long-term funding in the future.」
The Company borrowed ¥14,550 million to fund the acquisition of JHCHL shares and ¥16,500 million to fund the acquisition of shares in BEST NEW MANAGEMENT and other companies, and drew down the loans on 23 January 2018. The Company disclosed for the first time specific plans to fund acquisitions through an overdraft facility and refinance them with medium- to long-term funding.