Acquisition of Beneficial Interests in Real Estate Trusts Through Borrowing
First written in FY2016-Q2. 21 of 33 entries say "Advanced", first in FY2016. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026-H1Decline in liabilities due to repayments exceeding new borrowingsAnnual report
「Funds decreased as a result of financing activities by ¥3,062 million, compared with a decrease of ¥344 million in the same period of the previous year. This was mainly attributable to ¥6,151 million in repayments of long-term borrowings, ¥3,521 million in proceeds from long-term borrowings and ¥490 million in dividend payments.」
Proceeds of ¥3,521 million from long-term borrowings were outweighed by repayment outflows of ¥6,151.303 million, resulting in a ¥3,062.47 million decrease in funds from financing activities. - 2026-07-10OtherEarnings
「The decrease resulted from a ¥2,496 million decline in long-term borrowings, including long-term borrowings due within one year, a ¥715 million decline in other current liabilities, and a ¥494 million decline in income taxes payable.」
Long-term borrowings declined from the end of the previous fiscal year. - FY2025Repayments and investment funding outlays exceeded new borrowingsAnnual report
「Funds decreased as a result of financing activities by ¥2,330 million. This was mainly attributable to ¥8,113 million in repayments of long-term borrowings, ¥1,486 million in repayments of non-recourse long-term borrowings and ¥7,477 million in proceeds from long-term borrowings.」
While ¥7,747 million was raised through long-term borrowings, repayments of long-term and non-recourse long-term borrowings totaled ¥9,590 million, resulting in a ¥2,330.517 million decrease in funds from financing activities. - FY2025-H1New borrowings and repayments both recordedAnnual report
「Funds decreased as a result of financing activities by ¥344 million, compared with an increase of ¥642 million in the same period of the previous year. This was mainly attributable to ¥3,952 million in proceeds from long-term borrowings, ¥2,603 million in repayments of long-term borrowings and ¥1,486 million in repayments of non-recourse long-term borrowings.」
While ¥3,952 million was raised through long-term borrowings, repayments of long-term and non-recourse long-term borrowings resulted in a ¥344 million decrease in funds from financing activities. - FY2024-Q2AdvancedAnnual report
「Funds increased as a result of financing activities by ¥642 million, compared with a decrease of ¥797 million in the same quarter of the previous year. This was mainly attributable to ¥2,465 million in proceeds from long-term borrowings and ¥1,545 million in repayments of long-term borrowings.」
Proceeds of ¥2,465.28 million from long-term borrowings exceeded repayments of ¥1,545.186 million, increasing funds from financing activities. The balance of long-term borrowings also increased by ¥920.093 million from the end of the previous fiscal year. - FY2024-Q1Reduction in liabilities due to a decrease in long-term borrowingsAnnual report
「As of the end of the first quarter of the current consolidated fiscal period, liabilities decreased by ¥2,564 million from the end of the previous consolidated fiscal year to ¥62,948 million. This was mainly due to decreases of ¥1,269 million in income taxes payable, ¥713 million in other current liabilities and ¥644 million in long-term borrowings, including the current portion.」
Liabilities, which had expanded alongside funding for investments, decreased by ¥2,564 million from the end of the previous fiscal year, including long-term borrowings. - FY2023-Q3Expansion of liabilities due to an increase in long-term borrowingsAnnual report
「As of the end of the third quarter of the current consolidated fiscal period, liabilities increased by ¥2,741 million from the end of the previous consolidated fiscal year to ¥68,738 million. This was mainly due to increases of ¥3,856 million in long-term borrowings, including the current portion, and ¥1,519 million in income taxes payable, partially offset by decreases of ¥1,122 million in other non-current liabilities and ¥1,065 million in short-term borrowings.」
Long-term borrowings increased by ¥3,856 million, exceeding the decrease in short-term borrowings and other items, resulting in a ¥2,741 million increase in total liabilities from the end of the previous fiscal year. - FY2023-Q2Liabilities decreased while long-term borrowings increasedAnnual report
「As of the end of the second quarter of the current consolidated fiscal period, liabilities decreased by ¥375 million from the end of the previous consolidated fiscal year to ¥65,622 million. This was mainly due to decreases of ¥1,171 million in other non-current liabilities, ¥1,065 million in short-term borrowings and ¥414 million in other current liabilities, partially offset by increases of ¥1,454 million in income taxes payable and ¥821 million in long-term borrowings, including the current portion.」
Total liabilities decreased by ¥375 million from the end of the previous fiscal year, while long-term borrowings increased by ¥821 million. Funding for investments through borrowings coexisted with repayments and a decline in the balance. - FY2023-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal period, liabilities decreased by ¥96 million from the end of the previous consolidated fiscal year to ¥65,900 million. This was mainly due to decreases of ¥680 million in other current liabilities and ¥440 million in other non-current liabilities, partially offset by a ¥1,175 million increase in long-term borrowings, including the current portion.」
Total liabilities decreased by ¥96 million, while long-term borrowings, including the current portion, increased by ¥1,175 million, and funding for investments through borrowings continued. - FY2022-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal period, liabilities increased by ¥3,394 million from the end of the previous consolidated fiscal year to ¥65,136 million. This was mainly due to increases of ¥5,614 million in long-term borrowings, including the current portion, and ¥1,639 million in non-recourse long-term borrowings, offset by decreases of ¥2,149 million in short-term borrowings and ¥1,238 million in other current liabilities.」
Liabilities increased by ¥3,394 million from the end of the previous fiscal year due to increases in long-term and non-recourse long-term borrowings. Funding for investments through borrowings continues. - FY2022-Q2Decrease in funds from financing activities due to repayments exceeding new borrowingsAnnual report
「Funds decreased as a result of financing activities by ¥938 million, compared with an increase of ¥809 million in the same quarter of the previous year. This was mainly attributable to ¥3,870 million in repayments of long-term borrowings and ¥2,948 million in proceeds from long-term borrowings.」
Proceeds of ¥2,948 million from long-term borrowings were outweighed by repayment outflows of ¥3,870 million, resulting in a ¥938 million decrease in funds from financing activities. - FY2022-Q1Decrease in borrowings outstandingAnnual report
「As of the end of the first quarter of the current consolidated fiscal period, liabilities decreased by ¥2,411 million from the end of the previous consolidated fiscal year to ¥59,329 million.」
Liabilities decreased by ¥2,411 million from the end of the previous consolidated fiscal year. Following progress in funding investments through existing borrowings, the balance declined during the quarter. - FY2021-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal period, liabilities increased by ¥10,465 million from the end of the previous consolidated fiscal year to ¥65,897 million. This was mainly due to increases of ¥1,453 million in short-term borrowings, ¥5,808 million in long-term borrowings, including the current portion, and ¥3,055 million in non-recourse long-term borrowings, including the current portion.」
Short-term borrowings, long-term borrowings and non-recourse long-term borrowings increased, resulting in a ¥10,465 million increase in liabilities from the end of the previous consolidated fiscal year. Funding for real estate investments through borrowings continues. - FY2021-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal period, liabilities increased by ¥1,433 million from the end of the previous consolidated fiscal year to ¥56,865 million. This was mainly due to a ¥3,055 million increase in non-recourse long-term borrowings, including the current portion, and a ¥2,000 million decrease in short-term borrowings.」
Non-recourse long-term borrowings increased by ¥3,055 million, and funding for investments through borrowings continued. Short-term borrowings decreased by ¥2,000 million, while total liabilities increased by ¥1,433 million from the end of the previous consolidated fiscal year. - FY2021-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal period, liabilities increased by ¥852 million from the end of the previous consolidated fiscal year to ¥56,284 million. This was mainly due to a ¥1,134 million increase in long-term borrowings, including the current portion.」
Long-term borrowings increased by ¥1,134 million from the end of the previous fiscal year, while liabilities increased by ¥852 million. Funding for investments through borrowings made progress in the first quarter as well. - FY2020AdvancedAnnual report
「Funds increased as a result of financing activities by ¥5,417 million, compared with an increase of ¥7,320 million in the previous fiscal year. This was mainly attributable to ¥16,426 million in proceeds from long-term borrowings and ¥10,948 million in repayments of long-term borrowings.」
For real estate investment funding, proceeds of ¥16,426.261 million from long-term borrowings and repayments of ¥10,948.223 million were recorded for the full fiscal year. - FY2020-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal period, liabilities increased by ¥11,225 million from the end of the previous consolidated fiscal year to ¥58,797 million. This was mainly due to increases of ¥762 million in income taxes payable and ¥8,726 million in long-term borrowings, including the current portion.」
Long-term borrowings increased by ¥8,726 million from the end of the previous fiscal year, while liabilities increased by ¥11,225 million. Funding for real estate investments through borrowings made further progress. - FY2020-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal period, liabilities increased by ¥8,305 million from the end of the previous consolidated fiscal year to ¥55,878 million. This was mainly due to increases of ¥1,128 million in short-term borrowings and ¥7,628 million in long-term borrowings, including the current portion.」
Short-term borrowings increased by ¥1,128 million and long-term borrowings by ¥7,628 million, supporting further expansion of borrowings for real estate investment. - FY2020-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal period, liabilities increased by ¥2,639 million from the end of the previous consolidated fiscal year to ¥50,211 million. This was mainly due to a ¥1,375 million decrease in other current liabilities, including withholding tax deposits related to dividends of surplus at subsidiaries, offset by increases of ¥535 million in short-term borrowings and ¥3,021 million in long-term borrowings, including the current portion.」
Short-term borrowings increased by ¥535 million and long-term borrowings by ¥3,021 million, and funding for investments through borrowings made progress in the first quarter as well. - FY2019AdvancedAnnual report
「Funds increased as a result of financing activities by ¥7,320 million, compared with an increase of ¥5,083 million in the previous fiscal year. This was mainly attributable to ¥17,966 million in proceeds from long-term borrowings and ¥11,491 million in repayments of long-term borrowings.」
Proceeds of ¥17,966 million from long-term borrowings and repayments of ¥11,491 million were recorded, and funding for investments through borrowings made progress for the full fiscal year as well. - FY2019-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal period, liabilities increased by ¥16,871 million from the end of the previous consolidated fiscal year to ¥50,632 million. This was mainly due to increases of ¥1,163 million in short-term borrowings, ¥13,660 million in long-term borrowings, including the current portion, and ¥2,793 million in other non-current liabilities, including deferred tax liabilities and deposits received.」
Borrowings supporting real estate investment expanded, with long-term borrowings increasing by ¥13,660 million from the end of the previous fiscal year and total liabilities increasing by ¥16,871 million. - FY2019-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal period, liabilities increased by ¥16,621 million from the end of the previous consolidated fiscal year to ¥50,382 million. This was mainly due to increases of ¥7,705 million in short-term borrowings, ¥7,030 million in long-term borrowings, including the current portion, and ¥2,696 million in other non-current liabilities, including deferred tax liabilities and deposits received.」
Liabilities increased by ¥16,621 million from the end of the previous fiscal year, driven by increases of ¥7,705 million in short-term borrowings and ¥7,030 million in long-term borrowings. Funding for investments through borrowings made significant progress. - FY2019-Q1AdvancedAnnual report
「At the end of the first quarter, consolidated liabilities had increased ¥302.594 million from the end of the previous fiscal year to ¥34,063.013 million. This was mainly due to a ¥1,651.012 million increase in long-term borrowings, including the portion due for repayment within one year, partly offset by a ¥1.014 million decrease in other current liabilities, including withholding tax deposits related to dividend payments from subsidiaries.」
Long-term borrowings increased ¥1,651.012 million from the end of the previous fiscal year, indicating progress in funding investments through borrowings in the first quarter. - FY2018-Q3AdvancedAnnual report
「At the end of the third quarter, consolidated liabilities had increased ¥1,624.418 million from the end of the previous fiscal year to ¥29,167.264 million. This was mainly due to an increase of ¥1,721.526 million in long-term borrowings, including the portion due for repayment within one year.」
Long-term borrowings supporting real estate investment increased ¥1,721.526 million from the end of the previous fiscal year, indicating progress in funding investments through borrowings. - FY2018-Q2Decrease in liabilities due to debt repaymentsAnnual report
「Cash used in financing activities during the six months ended the second quarter was ¥1,904.188 million, compared with an increase of ¥698.859 million in the year-earlier period. This was mainly due to proceeds of ¥6,710 million from long-term borrowings, repayments of long-term borrowings of ¥8,293.097 million, and dividend payments of ¥209.841 million.」
Although the company received ¥6,710 million from long-term borrowings, repayments of long-term borrowings totaling ¥8,293.097 million were higher, so investment funding through borrowings and repayments occurred concurrently. - FY2018-Q1AdvancedAnnual report
「Borrowing amount: ¥1,800 million Drawdown date: 16 March 2018 Maturity date: 28 February 2033 Borrowing amount: ¥3,600 million Drawdown date: 26 March 2018 Maturity date: 26 March 2028 Borrowing amount: ¥500 million Drawdown date: 30 March 2018 Maturity date: 31 March 2028 Borrowing amount: ¥810 million Drawdown date: 30 March 2018 Maturity date: 30 March 2028」
Loan agreements and drawdowns totaling ¥6,710 million in March 2018 were disclosed to fund the acquisition of real estate trust beneficiary interests and real estate, indicating progress in raising investment funds through borrowings. - FY2017AdvancedAnnual report
「This was mainly due to proceeds of ¥12,965 million from long-term borrowings and repayments of long-term borrowings of ¥11,912.894 million.」
Proceeds from and repayments of long-term borrowings were recorded in detail for the full year, and investment funding through borrowings continued. - FY2017-Q3AdvancedAnnual report
「At the end of the third quarter, consolidated liabilities had increased ¥2,929.346 million from the end of the previous fiscal year to ¥29,116.179 million. This was mainly due to increases of ¥2,812.467 million in long-term borrowings, including the portion due for repayment within one year, and ¥750 million in non-recourse long-term borrowings, including the portion due for repayment within one year, partly offset by a ¥655.105 million decrease in accrued corporate taxes and other taxes.」
Long-term borrowings increased ¥2,812.467 million and non-recourse long-term borrowings increased ¥750 million, confirming the expansion of borrowings supporting investment at the end of the third quarter. - FY2017-Q2AdvancedAnnual report
「Cash provided by financing activities during the six months ended the second quarter was ¥698.859 million, compared with ¥7,395.247 million of cash provided in the year-earlier period. This was mainly due to proceeds of ¥7,455 million from long-term borrowings and repayments of long-term borrowings of ¥6,406.301 million.」
The company recorded ¥7,455 million of proceeds from long-term borrowings and ¥6,406.301 million of repayments, continuing to raise investment funds through borrowings. - FY2017-Q1AdvancedAnnual report
「At the end of the first quarter, consolidated liabilities had increased ¥2,871.675 million from the end of the previous fiscal year to ¥29,058.507 million. This was mainly due to an increase of ¥3,789.526 million in long-term borrowings, including the portion due for repayment within one year, partly offset by a ¥782.552 million decrease in accrued corporate taxes and other taxes.」
Long-term borrowings, including the portion due for repayment within one year, increased ¥3,789.526 million from the end of the previous fiscal year, indicating progress in funding real estate investments through borrowings. - FY2016AdvancedAnnual report
「Cash provided by financing activities was ¥9,810.643 million, compared with ¥13,295.981 million of cash provided in the previous fiscal year. This was mainly due to a net increase of ¥860 million in short-term borrowings, proceeds of ¥15,480 million from long-term borrowings, and repayments of long-term borrowings of ¥6,216.387 million.」
Borrowing to support real estate acquisitions progressed, with ¥15,480 million of proceeds from long-term borrowings recorded. Consolidated interest-bearing debt at period-end was ¥23,437 million. - FY2016-Q3Increase in outstanding borrowingsAnnual report
「At the end of the third quarter, consolidated liabilities had increased ¥11,242.769 million from the end of the previous fiscal year to ¥26,623.608 million. This was mainly due to increases of ¥1,310 million in short-term borrowings and ¥9,187.312 million in long-term borrowings, including long-term borrowings due for repayment within one year.」
In connection with the borrowing to fund the acquisition of real estate trust beneficiary interests disclosed in the previous quarter, the increases in short-term and long-term borrowings were reported numerically. - FY2016-Q2First statedAnnual report
「The subsidiary First Brothers Capital Co., Ltd. entered into the following loan agreement on 30 June 2016 and drew down the loan to fund the acquisition of real estate trust beneficiary interests. Borrowing amount: ¥1,500 million.」
As a subsequent event, the company disclosed borrowing ¥1,500 million on 30 June 2016 to fund the acquisition of real estate trust beneficiary interests. It also disclosed a separate borrowing of ¥1,130 million on 1 July 2016.