Axas Holdings (3536) · InitiativeAdvanced
Elimination of Related-Party Transactions Following the Acquisition of the Okihama Stationery Store, and Improvement in Store Profitability and Cash Flow
First written in FY2018-Q1. 1 of 2 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2018-Q2.
2entries
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Investment in the Acquisition and Construction of Land and Buildings for Business UseA theme 50 companies write about · 1 as a headwind · 58 as a tailwind
16 other companies' latest entry also says "Advanced".
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Showing 14 of the 50 companies compared. The sentences above are computed from all 50.Full recordFilings, disclosures and news, newest first
- FY2018-Q2AdvancedAnnual report
「Retail business Bungu-kan Okinohama store (Tokushima, Tokushima) Store 413,755 413,755 Internal funds and borrowings December 2017 December 2017」
The equipment plan confirms the payment of ¥413.755 million for the acquisition of the land and building of the Bungu-kan Okinohama store and its completion in December 2017. The acquisition proceeded to the execution stage, with the aim of eliminating related-party transactions and improving store earnings and long-term cash flow. - FY2018-Q1First statedAnnual report
「The purpose of acquiring the leased property is to eliminate transactions with a related party and improve the store's profitability and long-term cash flow.」
The company entered into an agreement to acquire the land and building of the Bungu-kan Okinohama store for ¥408 million, and the property was delivered on 27 December 2017. The acquisition was financed with internal funds and borrowings from financial institutions, with the aim of changing from a lease to ownership, eliminating related-party transactions, and improving the store's earnings and long-term cash flow.