Financing Capital Expenditures and Working Capital through Bank Borrowings and Interest Rate Hedging
First written in FY2016. 15 of 32 entries say "Restated". Latest entry: 2026-08-06.
2 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedEarnings
「Short-term borrowings decreased from ¥136.000 million to ¥40.000 million, while long-term borrowings decreased from ¥641.022 million to ¥599.820 million.」
Both short-term and long-term borrowings at the end of the first quarter declined from the end of the previous fiscal year. - FY2026AdvancedAnnual report
「Net cash used in financing activities during the consolidated fiscal year was ¥242 million, compared with net cash provided of ¥346 million in the same period of the previous year. This was mainly because short-term borrowings and long-term borrowings were repaid and dividends were paid.」
Repayments of short-term and long-term borrowings progressed, resulting in net cash used in financing activities of ¥242 million. Short-term borrowings, bonds, long-term borrowings and lease obligations at the end of the period also decreased from the end of the previous fiscal year. - 2026-05-08AdvancedEarnings
「This was primarily because repayments of short-term and long-term borrowings and dividend payments were made.」
The company continued repaying short-term and long-term borrowings and reducing interest-bearing debt. - FY2026-H1AdvancedAnnual report
「This was mainly because asset retirement obligations decreased as restoration work was carried out at the former school buildings following the relocation of the schools, and interest-bearing debt decreased due to scheduled repayments of long-term borrowings and bond redemptions.」
Scheduled repayments of long-term borrowings and bond redemptions progressed, reducing interest-bearing debt. Non-current liabilities also decreased by ¥36 million from the end of the previous fiscal year. - FY2025-H1ReframedAnnual report
「Non-current liabilities decreased by ¥78 million from the end of the previous consolidated fiscal year to ¥2,626 million. This was mainly because repayments of long-term borrowings and lease obligations and redemption of bonds progressed.」
The financing structure involves progressing repayments of long-term borrowings, lease obligations and bonds while increasing short-term borrowings to fund payments due at the start of construction work. - FY2024AdvancedAnnual report
「Non-current liabilities decreased by ¥224 million from the end of the previous consolidated fiscal year to ¥2,705 million. This was mainly because repayments of long-term borrowings, lease obligations and privately placed bonds progressed.」
Repayments of long-term borrowings, lease obligations and privately placed bonds progressed, reducing non-current liabilities by ¥224 million. Short-term borrowings also decreased through repayments, giving concrete form to debt reduction. - FY2024-Q3AdvancedAnnual report
「Non-current liabilities decreased by ¥164 million from the end of the previous consolidated fiscal year to ¥2,765 million. This was mainly because repayments of long-term borrowings, lease obligations and privately placed bonds progressed.」
Repayments of long-term borrowings, lease obligations and privately placed bonds progressed, reducing non-current liabilities by ¥164 million from the end of the previous fiscal year. The decrease in interest payments resulting from lower interest-bearing debt is also disclosed under non-operating income and expenses. - FY2024-Q2AdvancedAnnual report
「Non-current liabilities decreased by ¥216 million from the end of the previous consolidated fiscal year to ¥2,714 million. This was mainly because repayments of long-term borrowings, lease obligations and privately placed bonds progressed.」
Repayments of long-term borrowings, lease obligations and privately placed bonds progressed, reducing non-current liabilities by ¥216 million from the end of the previous fiscal year. Debt reduction is progressing as a concrete decline in outstanding balances. - FY2024-Q1RestatedAnnual report
「Current liabilities decreased by ¥119 million from the end of the previous consolidated fiscal year to ¥2,405 million. This was mainly because repayments of short-term borrowings progressed and corporate taxes and other taxes were paid. Non-current liabilities decreased by ¥83 million from the end of the previous consolidated fiscal year to ¥2,847 million. This was mainly because repayments of long-term borrowings progressed.」
The direction of progressing repayments of short-term and long-term borrowings and reducing debt continues. Interest payments also decreased as interest-bearing debt declined. - FY2023AdvancedAnnual report
「The company raised funds to secure cash on hand amid concerns about the spread of COVID-19, but subsequently progressed repayments and bond redemptions.」
The company is repaying borrowings increased as a precaution against the impact of COVID-19 and is also progressing bond redemptions. Short-term borrowings decreased from ¥545 million to ¥290 million, and the bond balance decreased from ¥300 million to ¥200 million. - FY2023-Q3RestatedAnnual report
「This was because short-term borrowings decreased through repayments and refinancing into long-term borrowings.」
The direction of progressing repayments of short-term borrowings and refinancing into long-term borrowings continues. Repayments of privately placed bonds and lease obligations are also progressing. - FY2023-Q2RestatedAnnual report
「This was mainly because, although contract liabilities increased as tuition for the following month and autumn-course fees for students enrolled at the end of September were collected smoothly, short-term borrowings decreased through repayments and refinancing into long-term borrowings.」
The funding policy of repaying short-term borrowings and refinancing into long-term borrowings after securing cash on hand continues. Repayments of privately placed bonds and lease obligations are also progressing. - FY2023-Q1RestatedAnnual report
「Current liabilities decreased by ¥82 million from the end of the previous consolidated fiscal year to ¥2,849 million. This was mainly because repayments of short-term borrowings progressed. Non-current liabilities decreased by ¥68 million from the end of the previous consolidated fiscal year to ¥3,081 million. This was mainly because repayments of long-term borrowings progressed.」
Repayments of short-term and long-term borrowings progressed, reducing both current and non-current liabilities. The direction of debt repayments and debt reduction indicated in the previous fiscal year continues. - FY2022ReframedAnnual report
「During the previous consolidated fiscal year, the company raised short-term borrowings to secure cash on hand amid concerns about the spread of COVID-19. As funding conditions became more manageable, it repaid part of those borrowings, while repayments of long-term borrowings and redemptions of bonds progressed.」
The explanation of funding has shifted from increasing short-term borrowings as a precaution against the impact of COVID-19 to progressing repayments of short-term and long-term borrowings and bond redemptions. - FY2022-Q3ReframedAnnual report
「Current liabilities decreased by ¥208 million from the end of the previous consolidated fiscal year to ¥3,308 million. This was mainly because, although contract liabilities increased as tuition for the following month and winter-course fees for students enrolled at the end of December were collected smoothly, short-term borrowings decreased through repayments and reclassification to long-term borrowings. In non-operating income and expenses, interest payments decreased as interest-bearing debt declined.」
Repayments of short-term borrowings and reclassification to long-term borrowings progressed, and interest payments also decreased as interest-bearing debt declined. The explanation has shifted from increasing short-term borrowings as a precaution against the impact of COVID-19 to one that includes repayments and debt reduction. - FY2022-Q2ReframedAnnual report
「During the previous consolidated fiscal year, the company raised short-term borrowings to secure cash on hand amid concerns about the prolonged spread of COVID-19. As funding conditions became more manageable, it repaid part of those borrowings, while repayments of long-term borrowings and redemptions of bonds progressed.」
The explanation has shifted from increasing short-term borrowings as a precaution against a prolonged impact of COVID-19 to repaying part of the short-term borrowings, repaying long-term borrowings, and redeeming bonds as funding conditions became more manageable. - FY2021-Q3RestatedAnnual report
「Current liabilities increased by ¥490 million from the end of the previous consolidated fiscal year to ¥3,606 million. This was mainly because short-term borrowings increased to secure cash on hand in light of the prolonged spread of COVID-19, and deferred revenue arose for winter-course sales recognized in January.」
The policy of increasing short-term borrowings to secure cash on hand in light of the prolonged spread of COVID-19 continues. - FY2021-Q2ReframedAnnual report
「Current liabilities increased by ¥312 million from the end of the previous consolidated fiscal year to ¥3,428 million. This was mainly because short-term borrowings increased to secure cash on hand in light of the prolonged spread of COVID-19, and deferred revenue for the following month's tuition increased as student numbers rose following the introduction of September enrollment.」
In addition to the previous policy of relying primarily on internal funds and borrowing when necessary, short-term borrowings have increased to secure cash on hand in light of the prolonged spread of COVID-19. Short-term borrowings increased from ¥710 million to ¥1,350 million. - FY2021-Q1ReframedAnnual report
「Current liabilities increased by ¥347 million from the end of the previous consolidated fiscal year to ¥3,463 million. This was mainly because short-term borrowings increased to secure cash on hand in light of the impact on business performance from the prolonged spread of COVID-19.」
In addition to the previous policy of relying primarily on internal funds and borrowing when necessary, short-term borrowings have increased to secure cash on hand in preparation for the prolonged impact of COVID-19. - FY2020ReframedAnnual report
「In addition, a larger-than-usual short-term funding shortfall is expected as student numbers temporarily decline due to the impact of COVID-19. Accordingly, in addition to the overdraft facility, the company anticipates raising additional short-term funds to secure cash on hand.」
In addition to the previous policy of relying primarily on internal funds and borrowing when necessary, the company anticipates additional short-term funding to address a short-term funding shortfall caused by COVID-19. - FY2020-Q3RestatedAnnual report
「In non-operating income and expenses, interest payments decreased as interest-bearing debt declined.」
The company explains that interest payments decreased as repayments of interest-bearing debt progressed. No change in the basic policy for funding and debt repayments has been indicated. - FY2019RestatedAnnual report
「As a basic policy, these funds are primarily allocated from internal funds generated by cash flows from operating activities, with borrowings from financial institutions arranged as necessary.」
The policy of funding capital and system investments primarily with internal funds and borrowing from financial institutions as necessary continues. - FY2019-Q3RestatedAnnual report
「This was mainly because, although short-term borrowings increased to fund working capital, deferred revenue decreased because the billing period for the winter courses was delayed. Non-current liabilities decreased by ¥375 million from the end of the previous consolidated fiscal year. This was mainly because, although funds were raised through bond issuance, scheduled repayments of long-term borrowings progressed.」
The policy of progressing repayments of long-term borrowings while raising funds through short-term working-capital borrowings and bond issuance continues. - FY2019-Q2RestatedAnnual report
「This was mainly because, although repayments of long-term borrowings progressed, funds were raised through short-term borrowings and bond issuance.」
The funding policy of progressing repayments of long-term borrowings while raising funds through short-term borrowings and bond issuance continues. - FY2018RestatedAnnual report
「Short-term working capital and capital expenditures associated with constructing new school buildings are funded through borrowings from banks and other financial institutions and through bond issuance.」
The policy of funding working capital and capital expenditures through bank borrowings and bond issuance continues. - FY2018-Q2RestatedAnnual report
「Because proceeds from long-term borrowings were received as short-term borrowings were converted to fixed-rate borrowings.」
While long-term borrowings are being used to convert short-term borrowings to fixed-rate borrowings, funding and debt repayments are continuing. - FY2018-Q1RestatedAnnual report
「Because short-term borrowings increased to fund annual working capital, while scheduled repayments of long-term borrowings progressed.」
The disclosure describes a funding position in which annual working capital is funded through short-term borrowings while repayments of long-term borrowings progress. - FY2017ReframedAnnual report
「Short-term working capital and capital expenditures associated with constructing new school buildings are funded through borrowings from banks and other financial institutions and through bond issuance.」
Bond issuance has been added to the previous funding policy centered on bank borrowings. - FY2017-Q3RestatedAnnual report
「Because short-term borrowings increased to fund development costs for the next core system, and advance payments arose for the January sessions of the winter courses.」
The disclosure describes a funding position in which development costs for the next core system are funded through short-term borrowings while repayments of long-term borrowings progress. - FY2017-Q2RestatedAnnual report
「Although funds were raised through short-term borrowings to cover development costs for the next core system, repayments of long-term borrowings and lease obligations progressed」
While development costs for the next core system are being funded through short-term borrowings, repayments of long-term borrowings and lease obligations are progressing. - FY2017-Q1RestatedAnnual report
「Because short-term borrowings increased to fund annual working capital」
While annual working capital is being funded through short-term borrowings, scheduled repayments of long-term borrowings are also progressing. - FY2016First statedAnnual report
「Short-term working capital and capital expenditures associated with constructing new school buildings are funded through bank borrowings.」
The policy is to invest funds in short-term deposits, raise funds through bank borrowings, and hedge floating-rate risk using interest-rate swaps.