Securing Necessary Working Capital and Reducing Fixed Costs
First written in FY2020. 5 of 17 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2027-H1.
20 other companies' latest entry also says "Other".
- FY2027-H1Expanded Funding Capacity and Increase in Outstanding BorrowingsAnnual report
「Total overdraft facilities and loan commitments ¥9,130 million ¥11,230 million Drawn borrowings 1,663 3,210 Undrawn amount 7,466 8,019」
Total overdraft facilities and loan commitments increased from ¥9,130 million to ¥11,230 million, while drawn borrowings rose from ¥1,663 million to ¥3,210 million. Undrawn facilities also stood at ¥8,019 million, supporting continued liquidity. - FY2026Expansion of financing capacity and decrease in outstanding borrowingsAnnual report
「Overdraft limit and total lending commitments ¥9,130 million Drawn borrowings ¥1,663 million Undrawn capacity ¥7,466 million」
The total overdraft and lending commitments increased from ¥6,350 million in the previous fiscal year to ¥9,130 million, while drawn borrowings decreased from ¥2,900 million to ¥1,663 million, leaving undrawn capacity of ¥7,466 million. - FY2026-H1Increase in funding capacity and decrease in drawn borrowingsAnnual report
「Overdraft limit and total lending commitments ¥6,350 million ¥7,250 million Drawn borrowings ¥2,900 million ¥2,400 million Undrawn capacity ¥3,450 million ¥4,850 million」
The total overdraft and lending commitments increased to ¥7,250 million, while drawn borrowings were ¥2,400 million and undrawn capacity was ¥4,850 million. - FY2025Increase in funding capacity and drawdown of borrowingsAnnual report
「Overdraft limit and total lending commitments ¥6,350 million Drawn borrowings ¥2,900 million Undrawn capacity ¥3,450 million」
The total overdraft and lending commitments increased from ¥1,100 million at the end of the previous fiscal year to ¥6,350 million, of which ¥2,900 million was drawn. Liquidity is being secured through a combination of expanded facilities and drawdowns. - FY2025-H1Changes in funding capacity and drawn borrowingsAnnual report
「Overdraft limit and total lending commitments ¥1,100 million ¥4,940 million Drawn borrowings — ¥1,467 million Undrawn capacity ¥1,100 million ¥3,472 million」
The total overdraft and lending commitments decreased from ¥7,100 million at the end of the previous consolidated fiscal year to ¥4,940 million, while drawn borrowings changed from ¥6,000 million to ¥1,467 million. Undrawn capacity was ¥3,472 million. - FY2024Increase in drawn funding capacityAnnual report
「Overdraft limit and total lending commitments ¥7,100 million Drawn borrowings ¥6,000 million Undrawn capacity ¥1,100 million」
The total overdraft and commitment facilities increased to ¥7,100 million, but ¥6,000 million was drawn, leaving undrawn capacity of ¥1,100 million. The policy for securing liquidity on hand has shifted from maintaining facilities to raising funds through drawdowns. - FY2024-Q1Reduction in overdraft and commitment facilitiesAnnual report
「Overdraft limit and total lending commitments ¥6,100 million ¥1,100 million」
The overdraft limit and total lending commitments for working capital financing decreased from ¥6,100 million at the end of the previous consolidated fiscal year to ¥1,100 million. There were no outstanding borrowings under either facility, and the undrawn capacity was maintained. - FY2023AdvancedAnnual report
「In addition, for the purpose of optimally allocating management resources, the sale of part of the business on 1 February 2023 increased cash and deposits and reduced interest-bearing debt, resulting in a significant improvement in the financial position.」
The company completed the sale of part of its business and demonstrated an actual improvement in its financial position through increased cash and deposits and reduced interest-bearing debt. - FY2023-Q3AdvancedAnnual report
「In addition, for the purpose of optimally allocating management resources, we expect a significant improvement in our financial position by the end of the current fiscal year as cash and deposits increase and interest-bearing debt decreases following the planned sale of part of the business on 1 February 2023.」
The company entered into an agreement to sell part of its business and plans to complete the transaction on 1 February 2023. It has specified the improvement in its financial position through increased cash and deposits and reduced interest-bearing debt resulting from the sale. - FY2023-Q2AdvancedAnnual report
「The purpose is to make efficient use of management resources and strengthen the financial position. Gain on transfer (gain on sale of property, plant and equipment): approximately ¥900 million」
The company planned to transfer its lodging and training facility in Hayama on 30 September 2022 and record an approximately ¥900 million gain on the sale of property, plant and equipment. It has specified measures to strengthen its financial position through asset sales while securing liquidity by continuing operations. - FY2023-Q1Reaffirmation of the financial base despite reduced funding capacityAnnual report
「From a financial perspective, we have built a stable financial foundation by developing real estate under flexible schemes that limit fixed costs and opening costs, including percentage-rent arrangements, and by entering into syndicated loan and commitment line agreements with our relationship banks.」
While explaining that it had established a stable financial base through flexible real estate development structures and bank agreements, the company disclosed that the overdraft limit and total lending commitments had decreased from ¥10,100 million at the end of the previous fiscal year to ¥7,100 million. - FY2022RestatedAnnual report
「We are maintaining ample liquidity on hand to address the risk of a prolonged spread of COVID-19 and to enable flexible store openings if office vacancy rates continue to rise and market rents subsequently decline. These funds have been raised through borrowings from financial institutions and stock acquisition rights issued by way of third-party allotment.」
The company has reaffirmed its financial policy of maintaining ample liquidity on hand through borrowings and stock acquisition rights in preparation for a prolonged pandemic and falling rents. - FY2022-Q1Continued securing working capital despite reduced funding capacityAnnual report
「In addition, on the financial front, we have secured working capital and established a stable financial base by entering into commitment line and overdraft agreements with our relationship banks, and through the issuance and exercise of stock acquisition rights by way of third-party allotment.」
Working capital is being secured through commitment line and overdraft agreements with banks and the issuance and exercise of stock acquisition rights. Meanwhile, the overdraft limit and total lending commitments decreased from ¥16,100 million to ¥11,600 million. - FY2021RestatedAnnual report
「To further stabilize its financial base, we continue to secure cash and deposits and financing capacity substantially exceeding the working capital required for one year through commitment line and overdraft agreements with our banking partners, the sale of real estate holdings, the issuance of preferred shares by a consolidated subsidiary, and the issuance and exercise of stock acquisition rights through third-party allotments.」
The company has reaffirmed its policy of securing liquidity in excess of required working capital by combining bank borrowing facilities, real estate sales, preferred shares, and the issuance and exercise of stock acquisition rights. - FY2021-Q2AdvancedAnnual report
「To further stabilize its financial base, we continue to secure cash and deposits and financing capacity substantially exceeding the working capital required for one year through commitment line and overdraft agreements with our banking partners, the sale of real estate holdings, and the issuance of preferred shares by a consolidated subsidiary.」
The maximum amounts under the commitment lines and overdrafts, and the total lending commitments, were ¥20,284 million, while the undrawn balance was ¥18,200 million. The company continued securing liquidity by combining bank facilities, real estate sales, and preferred share issuance. - FY2021-Q1AdvancedAnnual report
「A financing facility of ¥5,000 million is to be established with a maturity date of 31 March 2021. A maximum facility amount of ¥10,000 million is to be established with a maturity date of 31 March 2021.」
The company entered into a ¥5,000 million commitment line agreement with Mizuho Bank and a special overdraft agreement with Sumitomo Mitsui Banking Corporation with a maximum facility amount of ¥10,000 million, establishing total financing capacity of ¥15,000 million maturing on 31 March 2021. - FY2020First statedAnnual report
「Through commitment line agreements and overdraft agreements with our banking partners, as well as the sale of real estate holdings, we expect to have cash and deposits and financing capacity substantially exceeding the working capital required for one year. We will also seek to secure additional working capital by curbing cash outflows through the voluntary return of executive compensation and rent negotiations.」
As its financial response to the spread of the infectious disease, the company first explicitly stated measures to secure liquidity through bank facilities, overdrafts, and the sale of real estate holdings, and to curb fixed costs and cash outflows through the return of executive compensation and rent negotiations.