Reduction of Interest-Bearing Debt and Early Repayment Under the Medium-Term Management Plan
First written in FY2018-Q2. 17 of 27 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
Tokuyama moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Due to a ¥51,328 million increase in interest-bearing debt, the D/E ratio deteriorated by 0.15 from the end of the previous consolidated fiscal year to 0.57 times.」
Against the trend of debt reduction since FY2024, interest-bearing debt increased to ¥162,020 million and the D/E ratio deteriorated to 0.57 times. - FY2026-H1WorsenedAnnual report
「Interest-bearing debt increased from ¥110,691 million to ¥162,598 million, an increase of ¥51,906 million.」
Interest-bearing debt increased by ¥51,906 million from the end of the previous fiscal year, moving in the opposite direction from the debt reduction trend to date. Increases in long-term borrowings and commercial paper are indicated. - FY2025-H1WorsenedAnnual report
「(Of which, interest-bearing debt) (105,784) (109,877) (4,092)」
Interest-bearing debt increased by ¥4,092 million from the end of the previous fiscal year, moving in the opposite direction from the debt reduction trend to date. At the same time, a change in the funding mix is also indicated, with commercial paper reduced by ¥15,000 million and ¥20,000 million in corporate bonds issued. - FY2024-Q3AdvancedAnnual report
「Interest-bearing debt decreased from ¥142,447 million to ¥118,689 million, a decrease of ¥23,758 million.」
Interest-bearing debt decreased by ¥23,758 million from the end of the previous consolidated fiscal year, indicating numerical progress in reducing debt under the medium-term management plan. - FY2024-Q2AdvancedAnnual report
「Interest-bearing debt decreased from ¥142,447 million to ¥116,933 million, a decrease of ¥25,514 million.」
Interest-bearing debt decreased by ¥25,514 million from the end of the previous fiscal year. While ¥57,335 million of long-term borrowings and the current portion of long-term borrowings was repaid, short-term borrowings and commercial paper increased. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 July 2023, the company resolved to make an early repayment of ¥60,000 million in subordinated loans with special subordination provisions obtained on 20 September 2018, hereinafter referred to as the subordinated loans.」
While interest-bearing debt increased by ¥2,178 million from the end of the previous fiscal year at the end of the quarter, the company resolved to repay early, using cash on hand, ¥60 billion in subordinated loans with special subordination provisions on 20 September 2023. A specific execution plan for reducing debt was added. - FY2023WorsenedAnnual report
「Interest-bearing debt increased from ¥109,219 million to ¥142,447 million, an increase of ¥33,227 million.」
Interest-bearing debt increased by ¥33,227 million from the end of the previous fiscal year, and the D/E ratio deteriorated from 0.49 times to 0.62 times. Full-year figures confirmed a reversal of the trend toward reducing interest-bearing debt. - FY2023-Q3WorsenedAnnual report
「Interest-bearing debt increased from ¥109,219 million to ¥146,531 million, an increase of ¥37,311 million.」
Interest-bearing debt increased by ¥37,311 million from the end of the previous consolidated fiscal year, moving in the opposite direction from the interest-bearing debt reduction pursued to date. Increases in long-term borrowings, the current portion of long-term borrowings and commercial paper have been disclosed. - FY2023-Q2WorsenedAnnual report
「Interest-bearing debt increased from ¥109,219 million to ¥140,511 million, an increase of ¥31,291 million.」
Interest-bearing debt increased by ¥31,291 million from the end of the previous consolidated fiscal year, moving in the opposite direction from the interest-bearing debt reduction pursued to date. Proceeds of ¥51,504 million from long-term borrowings and other items have been disclosed. - FY2023-Q1WorsenedAnnual report
「Interest-bearing debt increased from ¥109,219 million to ¥112,106 million, an increase of ¥2,886 million.」
Interest-bearing debt increased by ¥2,886 million from the end of the previous consolidated fiscal year, moving in the opposite direction from the interest-bearing debt reduction pursued to date. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 January 2022, the company adopted a comprehensive resolution concerning the issuance of unsecured domestic straight bonds. Aggregate amount of bonds offered: ¥15,000 million or less; interest rate: 0.6% or less; maturity: 10 years or less; issuance period: from 26 January 2022, the date of the Board meeting, through the end of March 2022; use of proceeds: repayment of borrowings for the fiscal year ending March 2023.」
The Board of Directors adopted a comprehensive resolution to issue unsecured domestic straight bonds with an aggregate amount of up to ¥15 billion, an interest rate of 0.6% or less and a maturity of up to 10 years, to fund the repayment of borrowings. A new funding method under the financial strategy has taken concrete shape. - FY2022-Q2AdvancedAnnual report
「Interest-bearing debt decreased from ¥98,437 million to ¥92,132 million, a decrease of ¥6,304 million.」
Interest-bearing debt decreased by ¥6,304 million from the end of March 2021, indicating numerical progress in improving the financial position and reducing debt under the medium-term management plan. - FY2022-Q1AdvancedAnnual report
「Interest-bearing debt 98,437 95,938 (△2,498)」
Interest-bearing debt decreased by ¥2,498 million, from ¥98,437 million at the end of the previous consolidated fiscal year to ¥95,938 million. The figures show progress in reducing interest-bearing debt and improving the financial position. - FY2021-Q3AdvancedAnnual report
「During the cumulative third quarter, the D/E ratio improved by 0.15 from the end of the previous consolidated fiscal year to 0.54x, as interest-bearing debt decreased by ¥15,993 million while equity increased by ¥16,769 million.」
Interest-bearing debt was reduced by ¥15,993 million and equity was accumulated by ¥16,769 million, resulting in an improvement in the D/E ratio to 0.54 times. This represents specific progress in reducing interest-bearing debt and improving the financial position. - FY2021-Q2AdvancedAnnual report
「During the six-month period ended the second quarter, interest-bearing debt decreased by ¥6,034 million, while equity increased by ¥8,960 million, resulting in a 0.07 improvement in the D/E ratio from the end of the previous consolidated fiscal year to 0.62 times.」
The D/E ratio improved to 0.62 times through the reduction of interest-bearing debt and the increase in equity. It improved by 0.07 from the end of the previous consolidated fiscal year, indicating numerical progress in improving the financial position. - FY2021-Q1AdvancedAnnual report
「Interest-bearing debt decreased by ¥2,229 million, while equity increased by ¥3,709 million, resulting in a 0.03 improvement in the D/E ratio from the end of the previous consolidated fiscal year to 0.66 times.」
The D/E ratio improved to 0.66 times through the reduction of interest-bearing debt and the accumulation of equity. This represents numerical progress in reducing interest-bearing debt and improving the financial position. - FY2020-Q3AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative third quarter, the D/E ratio improved by 0.12 from the end of the previous consolidated fiscal year to 0.72x, as interest-bearing debt decreased by ¥9,042 million while equity increased by ¥13,596 million.」
As a result of a ¥9,042 million decrease in interest-bearing debt and a ¥13,596 million increase in equity, the D/E ratio improved to 0.72 times. This represents specific progress in reducing interest-bearing debt and improving the financial position. - FY2020-Q2AdvancedAnnual report
「During the six-month period ended the second quarter, interest-bearing debt decreased by ¥6,511 million, while equity increased by ¥7,336 million, resulting in a 0.08 improvement in the D/E ratio from the end of the previous consolidated fiscal year to 0.76 times.」
As a result of a ¥6,511 million decrease in interest-bearing debt and a ¥7,336 million increase in equity, the D/E ratio improved to 0.76 times. This represents specific numerical progress in reducing interest-bearing debt and improving the financial position. - FY2020-Q1AdvancedAnnual report
「Primarily due to a ¥2,894 million decrease in interest-bearing debt and a ¥2,151 million increase in equity, the D/E ratio improved by 0.03 from the end of the previous consolidated fiscal year to 0.81 times.」
The D/E ratio improved to 0.81 times through the reduction of interest-bearing debt and the accumulation of equity. This represents specific progress in reducing interest-bearing debt and improving the financial position. - FY2019AdvancedAnnual report
「The subordinated loan was refinanced to improve the agility and flexibility of the financial strategy through diversification of refinancing methods and to reduce financial expenses.」
While reducing interest-bearing debt, the company refinanced the subordinated loan, advancing the diversification of refinancing methods and the reduction of financial expenses. - FY2019-Q3AdvancedAnnual report
「While interest-bearing debt decreased by ¥8,559 million, equity increased by ¥12,745 million, resulting in a 0.16 improvement in the D/E ratio from the end of the previous consolidated fiscal year to 0.95 times.」
Under the medium-term management plan, interest-bearing debt decreased by ¥8,559 million and the D/E ratio improved to 0.95 times. - FY2019-Q2AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative second quarter, the D/E ratio improved by 0.11 from the end of the previous consolidated fiscal year to 1.00x, as interest-bearing debt decreased by ¥3.536 billion while equity increased by ¥10.555 billion.」
As a result of a ¥3,536 million decrease in interest-bearing debt and a ¥10,555 million increase in equity, the D/E ratio improved to 1.00 times. This represents numerical progress in reducing interest-bearing debt and improving the financial position. - FY2019-Q1AdvancedAnnual report
「Primarily due to a ¥3,393 million decrease in interest-bearing debt and a ¥4,471 million increase in equity, the D/E ratio improved by 0.06 from the end of the previous consolidated fiscal year to 1.05 times.」
Interest-bearing debt decreased by ¥3,393 million and equity increased by ¥4,471 million. The figures show progress under the medium-term management plan in reducing interest-bearing debt and improving the financial position. - FY2018-Q3AdvancedAnnual report
「As part of our efforts to reduce interest-bearing debt under the medium-term management plan, we negotiated with the participating financial institutions through Development Bank of Japan Inc., the arranger, regarding the early repayment of the syndicated loan agreement dated 22 December 2011 and arranged by Development Bank of Japan Inc. on behalf of 7 financial institutions. After reaching an agreement, we repaid the entire principal and paid the settlement amount on 29 December 2017, thereby settling the agreement.」
Following the early repayment of the term-out medium-term commitment line disclosed through the second quarter, the full principal of the syndicated loan arranged by the Development Bank of Japan was also repaid early on 29 December 2017. This represents specific progress in reducing interest-bearing debt. - FY2018-Q2First statedAnnual report
「As part of our efforts to reduce interest-bearing debt under the medium-term management plan, we negotiated with The Bank of Tokyo-Mitsubishi UFJ, Ltd. for the early repayment of our term-out medium-term commitment line agreement dated 30 September 2011 and reached an agreement. Accordingly, on 29 September 2017, we repaid the entire principal and paid the settlement amount, thereby settling the agreement.」
As a specific measure to reduce interest-bearing debt under the medium-term management plan, the full principal of the term-out medium-term commitment line was repaid early. In addition, the trust-type debt assumption agreement for the corporate bonds reduced corporate bonds by ¥34.4 billion and long-term borrowings and other liabilities by ¥11.917 billion.