Ongoing Support from Relationship Financial Institutions and Stabilization of Cash Management
First written in FY2016. 7 of 23 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
53 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In its medium- to long-term five-year plan, the Group places emphasis on free cash flow and is working to generate earnings under two strategic pillars: strengthening existing businesses and creating new businesses. With regard to investment, it prioritizes expanding the scale of its businesses and is promoting strategic growth investments to expand future earnings.」
Operating cash flow was ¥5,275 million and investing cash flow was an outflow of ¥2,928 million, resulting in free cash flow of ¥2,347 million on a simple calculation. The company explicitly states its policy of prioritizing cash generation while continuing growth investments. - FY2026-H1Continued debt repayments and a new long-term borrowing agreementAnnual report
「Net cash used in financing activities was ¥1,767 million, compared with ¥644 million provided in the same period of the previous year. This was mainly due to decreases of ¥852 million in short-term borrowings and ¥345 million in long-term borrowings, compared with decreases of ¥1,363 million and an increase of ¥2,299 million, respectively, in the same period of the previous year, as well as ¥426 million in repayments of finance lease obligations, compared with ¥186 million.」
Repayments of short-term and long-term borrowings and lease obligations resulted in ¥1,767 million in net cash used in financing activities. Separately, the company entered into a ¥1,800 million borrowing agreement with financial covenants and a repayment deadline of 30 June 2028. - FY2025-H1Increase in long-term borrowings associated with capital expendituresAnnual report
「Net cash provided by financing activities was ¥644 million, compared with ¥320 million used in the same period of the previous year. This was mainly due to a ¥1,363 million decrease in short-term borrowings, compared with a ¥1,482 million decrease in the same period of the previous year, a ¥2,299 million increase in long-term borrowings, compared with a ¥1,553 million increase, ¥104 million in dividend payments, compared with ¥95 million, and ¥186 million in repayments of finance lease obligations, compared with ¥39 million in the same period of the previous year.」
While reducing short-term borrowings, the company increased long-term borrowings by ¥2,299 million to meet funding needs for capital expenditures and other purposes. Its financing therefore combines long-term borrowing with debt reduction, rather than relying solely on reducing borrowings. - FY2024Funding growth investments through long-term borrowings and sale-and-leaseback transactionsAnnual report
「The Group funds working capital and capital expenditures through internal funds, borrowings and bonds. Of its borrowings, working capital is generally funded through short-term borrowings, while production facilities and other capital investments are funded primarily through long-term borrowings.」
During the fiscal year, capital expenditures were funded through multiple sources, including a ¥1,660 million increase in long-term borrowings and ¥1,627 million in proceeds from sale-and-leaseback transactions. - FY2024-Q3Increase in long-term borrowings and lease obligations alongside a decrease in short-term borrowingsAnnual report
「Total liabilities were ¥32,020 million, an increase of ¥5,443 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥2,596 million in notes and accounts payable, a decrease of ¥868 million in short-term borrowings, an increase of ¥2,495 million in long-term borrowings and an increase of ¥1,270 million in lease liabilities, among other factors.」
Short-term borrowings decreased to improve the financial position, while long-term borrowings and lease obligations increased, resulting in a change in the liability mix. - FY2024-Q2Increase in long-term borrowings alongside a decrease in short-term borrowingsAnnual report
「Net cash used in financing activities was ¥320 million. This was mainly due to a ¥1,482 million decrease in short-term borrowings, a ¥1,553 million increase in long-term borrowings, ¥220 million in purchases of treasury stock and ¥95 million in dividend payments.」
While reducing short-term borrowings, the company increased long-term borrowings through ¥2,931 million in new long-term borrowings and ¥1,377 million in repayments. Financing therefore involved a shift in the borrowing mix rather than a simple reduction in borrowings. - FY2024-Q1Increase in long-term borrowings and liabilitiesAnnual report
「Total liabilities were ¥27,727 million, an increase of ¥1,151 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥747 million in notes and accounts payable, a decrease of ¥996 million in short-term borrowings and an increase of ¥1,345 million in long-term borrowings, among other factors.」
Short-term borrowings decreased by ¥996 million, while long-term borrowings increased by ¥1,345 million, resulting in a ¥1,151 million increase in total liabilities. - FY2023-Q3Increase in liabilities and short-term borrowings alongside a decrease in long-term borrowingsAnnual report
「Total liabilities were ¥27,321 million, an increase of ¥1,665 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,998 million in short-term borrowings and a decrease of ¥688 million in long-term borrowings, among other factors.」
In terms of its financial position, the company experienced both an increase in short-term borrowings and a decrease in long-term borrowings, while total liabilities increased by ¥1,665 million. - FY2023-Q2Decrease in liabilities and repayment of long-term borrowings alongside an increase in short-term borrowingsAnnual report
「Total liabilities were ¥24,682 million, a decrease of ¥973 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,274 million in notes and accounts payable and ¥422 million in long-term borrowings, partly offset by a ¥608 million increase in short-term borrowings.」
Total liabilities decreased by ¥973 million and long-term borrowings by ¥422 million, while short-term borrowings increased by ¥608 million. - FY2023-Q1Decrease in liabilities alongside an increase in short-term borrowingsAnnual report
「Total liabilities were ¥25,418 million, a decrease of ¥237 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥360 million in notes and accounts payable and ¥199 million in long-term borrowings, partly offset by a ¥336 million increase in short-term borrowings.」
Total liabilities decreased by ¥237 million from the end of the previous consolidated fiscal year, and long-term borrowings decreased by ¥199 million, while short-term borrowings increased by ¥336 million. - FY2022AdvancedAnnual report
「Total liabilities were ¥25,655 million, a decrease of ¥1,451 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥671 million in short-term borrowings, ¥191 million in accrued income taxes and ¥1,013 million in long-term borrowings, partly offset by a ¥622 million increase in notes and accounts payable.」
The company reduced short-term borrowings by ¥671 million and long-term borrowings by ¥1,013 million, resulting in a ¥1,451 million decrease in total liabilities. Repayments are progressing toward strengthening the financial position. - FY2022-Q3AdvancedAnnual report
「Total liabilities were ¥24,331 million, a decrease of ¥2,776 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥774 million in notes and accounts payable, ¥708 million in short-term borrowings, ¥260 million in accrued income taxes and ¥791 million in long-term borrowings.」
From the end of the previous consolidated fiscal year, short-term borrowings decreased by ¥708 million and long-term borrowings by ¥791 million, resulting in a ¥2,776 million decrease in total liabilities. Debt reduction is progressing concretely. - FY2022-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥1,123 million, compared with ¥1,543 million used in the same quarter of the previous year. This was mainly due to decreases of ¥532 million in short-term borrowings and ¥506 million in long-term borrowings, compared with decreases of ¥294 million and ¥2,554 million, respectively, in the same quarter of the previous year.」
The company repaid ¥532 million in short-term borrowings and ¥506 million in long-term borrowings, continuing to reduce its borrowings. Although no new funding framework was established, debt repayments progressed concretely as part of financing activities. - FY2021-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥1,543 million, compared with ¥1,463 million used in the same quarter of the previous year. This was mainly due to decreases of ¥294 million in short-term borrowings and ¥2,554 million in long-term borrowings, compared with decreases of ¥276 million and ¥661 million, respectively, in the same quarter of the previous year, partly offset by ¥1,500 million in proceeds from the issuance of bonds, compared with nil in the same quarter of the previous year.」
The company repaid long-term borrowings and issued ¥1,500 million in bonds, using a combination of debt repayment and bond financing. - FY2020ReframedAnnual report
「The Group is considering a new framework to replace the syndicated loan agreement that matures in September 2020, and intends to strengthen its financial foundation by reducing finance-related costs and diversifying its funding sources.」
The focus has shifted from continued support from financial institutions and normalization of the syndicated loan to considering a new funding framework ahead of its maturity in September 2020. - FY2018-Q3RestatedAnnual report
「Following these developments, the company pursued negotiations with its financial institutions, and transactions returned to normal. In Japan, it entered into a syndicated loan agreement with its lending financial institutions on 26 September 2017 and established a new funding framework to secure stable working capital. Overseas subsidiaries likewise entered into agreements to secure working capital and strengthen their financial positions.」
The company continues to describe the normalization of transactions with financial institutions, the syndicated loan agreement in Japan and funding agreements for overseas subsidiaries. No additional new agreements are indicated. - FY2018-Q2AdvancedAnnual report
「Following these developments, the company pursued negotiations with its financial institutions, and transactions in Japan returned to normal from the cumulative second quarter of the current consolidated fiscal year. On 26 September 2017, it also entered into a syndicated loan agreement with its lending financial institutions and established a new funding framework to secure stable working capital in Japan. Overseas subsidiaries likewise entered into agreements by the date of submission of the second-quarter report to normalize their banking relationships and secure working capital, thereby strengthening their financial positions.」
The company describes concrete progress in funding and strengthening its financial position, including the normalization of transactions with domestic financial institutions, the syndicated loan agreement entered into on 26 September, and agreements entered into by overseas subsidiaries. - FY2018-Q1AdvancedAnnual report
「The funds required to repay long-term and short-term borrowings are currently being secured by increasing the overdraft facilities and extending repayment dates. Following these developments, the company has begun negotiations with its financial institutions to normalize its banking relationships.」
While continuing measures to secure funds for debt repayments, the company has moved to the next stage, beginning negotiations with its financial institutions to normalize its banking relationships following the elimination of negative net worth. - FY2017RestatedAnnual report
「In terms of funding, the company requested continued support from its lending financial institutions to secure the funds necessary to continue operations. They agreed to increase the overdraft facilities and extend repayment dates for the funds required to repay long-term and short-term borrowings.」
The company continues to cite support from its lending financial institutions, increases in overdraft facilities and extensions of repayment dates as measures to secure funding. It obtained consent to renew contracts, including through refinancing, for ¥16,515 million of its short-term borrowings. - FY2017-Q3RestatedAnnual report
「With respect to funding, the company requested continued support from its lending financial institutions to secure the funds necessary to continue operations and implement the Marujun Structural Reform Plan. They agreed to increase the overdraft facilities and extend repayment dates for the funds required to repay long-term and short-term borrowings.」
The company has reconfirmed continued support from its lending financial institutions and their consent to refinancing borrowings and extending repayment dates. It obtained consent to renew contracts, including through refinancing, for ¥14,532 million of its short-term borrowings. - FY2017-Q2RestatedAnnual report
「With respect to funding, the company requested continued support from its lending financial institutions to secure the funds necessary to continue operations and implement the Marujun Structural Reform Plan. They agreed to increase the overdraft facilities and extend repayment dates for the funds required to repay long-term and short-term borrowings.」
The company has reconfirmed continued support from its lending financial institutions and their consent to refinancing borrowings and extending repayment dates. It obtained consent to renew contracts, including through refinancing, for ¥14,301 million of its short-term borrowings. - FY2017-Q1RestatedAnnual report
「With respect to funding, the company requested continued support from its lending financial institutions to secure the funds necessary to continue operations and implement the Marujun Structural Reform Plan. They agreed to increase the overdraft facilities and extend repayment dates for the funds required to repay long-term and short-term borrowings.」
The company has reconfirmed the consent of its financial institutions to refinance borrowings and extend repayment dates, as well as their continued support. - FY2016First statedAnnual report
「To secure the funds necessary to continue operations and implement the Marujun Structural Reform Plan, the company requested continued support from its lending financial institutions. They agreed to increase the overdraft facilities and extend repayment dates for the funds required to repay long-term and short-term borrowings.」
The company obtained consent to renew contracts, including through refinancing, for ¥16,573 million of its short-term borrowings. The overdraft facility limit is ¥5,867 million.