Strengthening the Rental Business Foundation through Receivables Securitization, Materials Procurement and In-House Electrical Work
First written in FY2016. 3 of 4 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「While closely monitoring market interest-rate trends, we are working to control risk by securing financing capacity through partnerships with multiple banks and, where necessary, carrying out securitization as an alternative source of funding.」
For the financial platform supporting the rental and equipment installation businesses, the company has outlined risk management measures involving financing capacity secured through partnerships with multiple financial institutions, with securitization as an alternative source of funding. - FY2019-Q3AdvancedAnnual report
「This was mainly because notes and accounts receivable increased by ¥501 million and accrued corporate taxes and other taxes increased by ¥340 million, while cash and deposits decreased by ¥2,608 million due to the purchase of treasury shares, the acquisition of shares in subsidiaries, and the payment of corporate taxes and other taxes; lease receivables decreased by ¥465 million due to receivables securitization; and the allowance for doubtful accounts decreased by ¥245 million due to an increase in the allowance.」
The company carried out receivables securitization, reducing lease receivables by ¥465 million. Measures to strengthen the financial platform for the rental business are reflected in specific changes in balances. - FY2018-Q2AdvancedAnnual report
「We are also strengthening profitability by reviewing procurement and improving the efficiency of sales operations.」
As measures to strengthen the rental business platform, the company is reviewing procurement and improving the efficiency of sales operations. - FY2016First statedAnnual report
「We are also working to strengthen our financial position through the securitization of receivables, procure materials by taking advantage of economies of scale, and bring some electrical work in-house by having employees obtain electrician qualifications and hiring experienced personnel.」
The company has newly formulated specific measures to strengthen the operating platform for LED lighting and other rental services across finance, procurement, and installation.