Strategic investments to be funded primarily with internal funds, supplemented by borrowings and overdraft facilities
First written in FY2018. 15 of 20 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2019: 2 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「This was due mainly to increases of ¥2,700 million in long-term borrowings and ¥5,100 million in short-term borrowings, partly offset by ¥2,780 million in scheduled repayments of long-term borrowings and ¥438 million in dividend payments.」
To fund growth investments, including M&A and store investments, the Company raised ¥2,700 million in long-term borrowings and ¥5,100 million in short-term borrowings. Cash provided by financing activities was ¥4,454 million. - FY2025AdvancedAnnual report
「Cash provided by financing activities was ¥2,578 million (¥4,566 million in the previous consolidated fiscal year). This was due mainly to increases of ¥2,800 million in long-term borrowings and ¥2,886 million in short-term borrowings, partly offset by ¥2,652 million in scheduled repayments of long-term borrowings and ¥417 million in dividend payments.」
The Company raised ¥2,800 million in long-term borrowings and ¥2,886 million in short-term borrowings to meet funding needs for strategic investments and other purposes while making repayments and paying dividends. - FY2025-H1AdvancedAnnual report
「Cash provided by financing activities was ¥1,991 million (¥260 million in the same period of the previous year). This was due mainly to a ¥3,499 million increase in short-term borrowings, partly offset by ¥1,261 million in scheduled repayments of long-term borrowings and ¥257 million in dividend payments.」
Short-term borrowings increased by ¥3,499 million, and after repaying long-term borrowings and paying dividends, cash generated by financing activities was ¥1,991 million. - FY2024RestatedAnnual report
「Our basic policy is to meet these funding needs primarily with internally generated funds, which constitute operating cash flow. However, we borrow from financial institutions as necessary for major store investments, M&A and other strategic investments.」
The policy of meeting ordinary funding needs with internally generated funds and major store investments and M&A with borrowings remains unchanged. - FY2024-Q3AdvancedAnnual report
「Non-current liabilities increased by ¥1,453 million from the end of the previous consolidated fiscal year to ¥5,818 million. This was mainly due to an increase in long-term borrowings resulting from the implementation of a sustainability loan.」
Long-term borrowings increased following the implementation of a sustainability loan, and non-current liabilities increased by ¥1,453 million from the end of the previous consolidated fiscal year. - FY2024-Q2AdvancedAnnual report
「Cash provided by financing activities was ¥260 million (¥310 million in the same period of the previous year). This was due mainly to a ¥1,000 million increase in short-term borrowings, partly offset by ¥499 million in scheduled repayments of long-term borrowings and ¥255 million in dividend payments.」
During the cumulative second-quarter period, short-term borrowings increased by ¥1,000 million while ¥499 million in long-term borrowings was repaid, resulting in ¥260 million in cash generated by financing activities. - FY2023AdvancedAnnual report
「This was due mainly to ¥4,000 million in long-term borrowings and ¥47 million in proceeds from the issuance of shares upon the exercise of stock acquisition rights, partly offset by a ¥1,300 million decrease in short-term borrowings, ¥882 million in scheduled repayments of long-term borrowings and ¥433 million in dividend payments.」
The Company raised ¥4,000 million in long-term borrowings. After repaying short- and long-term borrowings and paying dividends, financing activities generated ¥1,430 million in cash. - FY2023-Q3AdvancedAnnual report
「Non-current liabilities increased by ¥3,004 million from the end of the previous consolidated fiscal year to ¥4,550 million. This was mainly due to an increase in long-term borrowings resulting from the implementation of a sustainability loan.」
The Company implemented a sustainability loan and increased long-term borrowings, giving concrete form to funding to meet strategic financing needs. - FY2022AdvancedAnnual report
「Cash provided by financing activities was ¥469 million (cash used of ¥1,359 million in the previous consolidated fiscal year). This was due mainly to ¥1,500 million in long-term borrowings, partly offset by a ¥100 million decrease in short-term borrowings, ¥678 million in scheduled repayments of long-term borrowings and ¥270 million in dividend payments.」
The Company raised ¥1,500 million in long-term borrowings. After repaying short- and long-term borrowings and paying dividends, financing activities generated ¥469 million in cash. The use of borrowings to fund strategic investments and other purposes took concrete shape for the full fiscal year. - FY2022-Q3AdvancedAnnual report
「Non-current liabilities increased by ¥725 million from the end of the previous consolidated fiscal year to ¥1,656 million. This was mainly due to an increase in long-term borrowings.」
Non-current liabilities increased by ¥725 million year on year-end due to an increase in long-term borrowings, giving concrete form to the use of borrowings to fund strategic investments and other purposes. - FY2022-Q2AdvancedAnnual report
「Cash provided by financing activities was ¥876 million (¥343 million used in the same period of the previous year). This was due to ¥1,500 million in long-term borrowings, partly offset by ¥100 million in repayments of short-term borrowings, ¥299 million in scheduled repayments of long-term borrowings and ¥222 million in dividend payments.」
The Company borrowed ¥1,500 million in long-term debt. After repayments of short- and long-term borrowings and dividend payments, financing activities generated ¥876 million in cash. The use of borrowings to meet funding needs for strategic investments and other purposes took concrete shape. - FY2021RestatedAnnual report
「The basic policy is to fund these cash requirements with internally generated funds, namely operating cash flow. However, the company borrows from financial institutions as necessary for strategic investments, including substantial store investments and M&A.」
The company continued its policy of funding ordinary cash requirements with internal funds and using borrowings and overdrafts for substantial store investments and M&A. - FY2021-Q3AdvancedAnnual report
「Current liabilities decreased by ¥31 million from the end of the previous fiscal year to ¥9,229 million. This was due mainly to a ¥903 million increase in advances received accompanying an increase in vehicle orders, a ¥132 million increase in other current liabilities due to increases in accounts payable and unpaid consumption taxes as business expanded, and a ¥199 million increase in unpaid corporate taxes, despite a ¥1,066 million decrease in accounts payable and a ¥200 million decrease in short-term borrowings. Non-current liabilities decreased by ¥279 million from the end of the previous fiscal year to ¥981 million. This was mainly because long-term borrowings decreased by ¥328 million through scheduled repayments, despite a ¥49 million increase in asset retirement obligations related to the acquisition of store equipment and other assets.」
By the end of the third quarter, short-term borrowings had decreased by ¥200 million and long-term borrowings had decreased by ¥328 million through scheduled repayments. The company's management of funds, combining the use of borrowings with continued repayments, became more concrete. - FY2020RestatedAnnual report
「The basic policy is to fund these cash requirements with internally generated funds, namely operating cash flow. However, the company borrows from financial institutions as necessary for strategic investments, including substantial store investments and M&A. It has also entered into overdraft agreements with multiple financial institutions, establishing a framework for making strategic investments flexibly.」
The company continued its policy of funding ordinary cash requirements with internal funds and using borrowings and overdrafts for substantial store investments and M&A. - FY2020-Q3AdvancedAnnual report
「Current liabilities increased by ¥1,962 million from the end of the previous fiscal year to ¥9,455 million. This was due mainly to a ¥1,200 million increase in short-term borrowings, a ¥507 million increase in accounts payable accompanying increased merchandise purchases, and a ¥226 million increase in other current liabilities due to an increase in advances received as vehicle orders rose. Non-current liabilities decreased by ¥396 million from the end of the previous fiscal year to ¥1,363 million. This was mainly because long-term borrowings decreased by ¥417 million through repayments, despite a ¥23 million increase in asset retirement obligations related to the acquisition of store equipment and other assets.」
By the end of the third quarter, short-term borrowings had increased by ¥1,200 million, while long-term borrowings had decreased by ¥417 million. The use of borrowings and repayments to meet cash requirements for store equipment investments and business expansion became more concrete. - FY2020-Q1AdvancedAnnual report
「Current liabilities increased by ¥589 million from the end of the previous fiscal year to ¥8,081 million. This was due mainly to a ¥344 million increase in accounts payable from increased merchandise purchases and a ¥500 million increase in short-term borrowings, partly offset by a ¥298 million decrease in advances received included in other current liabilities as vehicles ordered were delivered. Non-current liabilities decreased by ¥158 million from the end of the previous fiscal year to ¥1,601 million, mainly because long-term borrowings decreased by ¥157 million through repayments.」
Short-term borrowings increased by ¥500 million, while long-term borrowings decreased by ¥157 million through repayments. The use of borrowings for financing became more concrete in the first quarter as well. - FY2019ReframedAnnual report
「Under the medium-term management plan for the next 3 years, the company aims to improve the profitability of the stores targeted for these investments, recover the investments promptly and raise the group's overall inventory turnover, thereby pursuing capital-efficient management. It will also return to the principle of making investments within the previous fiscal year's operating cash flow, reduce interest-bearing debt and apply rigorous criteria when deciding whether to make investments.」
In addition to the previous policy of using borrowings to finance strategic investments, the company will focus over the next 3 years on investment recovery, investments within operating cash flow and reducing interest-bearing debt. - FY2019-Q3AdvancedAnnual report
「Current liabilities increased by ¥1,712 million from the end of the previous fiscal year to ¥6,928 million. This was due mainly to a ¥1,500 million increase in short-term borrowings, a ¥72 million increase in the provision for bonuses, and a ¥299 million increase in other current liabilities, including increases in unpaid consumption taxes and advances received as business expanded, despite a ¥175 million decrease in unpaid corporate taxes due to payments and other factors. Non-current liabilities increased by ¥577 million from the end of the previous fiscal year to ¥1,880 million, mainly due to a ¥472 million increase in long-term borrowings and a ¥94 million increase in asset retirement obligations related to the acquisition of store equipment and other assets.」
Short-term borrowings increased by ¥1,500 million and long-term borrowings by ¥472 million. The financing activity was consistent with the previous policy of using borrowings for substantial store investments, M&A and other investments, with the amounts now quantified further. - FY2019-Q2AdvancedAnnual report
「Cash provided by financing activities was ¥425 million (¥169 million used in the same period of the previous year). This reflected ¥9 million in proceeds from the issuance of shares through the exercise of share acquisition rights and a net increase of ¥800 million in short-term borrowings, offset by ¥306 million in repayments of long-term borrowings and ¥76 million in dividend payments.」
During the six-month period ended the second quarter, short-term borrowings increased by ¥800 million on a net basis, resulting in ¥425 million of cash provided by financing activities. The company reported specific financing activity consistent with its policy of using borrowings for substantial store investments, M&A and other investments. - FY2018First statedAnnual report
「The basic policy is to fund these cash requirements with internally generated funds, namely operating cash flow. However, the company borrows from financial institutions as necessary for strategic investments, including substantial store investments and M&A. It has also entered into overdraft agreements with multiple financial institutions, establishing a framework for making strategic investments flexibly.」
The company generally funds working capital and ordinary investments with internal funds, while financing substantial store investments and M&A through borrowings. The overdraft facility limit is ¥3,550 million.