Strengthening the Financial Position Through Interest-Bearing Debt Reduction, Efficient Financing and the Use of Leases
First written in FY2016. 22 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Borrowings, repayments and lease repayments coexistedAnnual report
「Cash decreased by ¥26,147 million through financing activities, mainly comprising ¥22,500 million in proceeds from long-term borrowings, ¥30,292 million in repayments of lease liabilities, ¥13,787 million in repayments of long-term borrowings, and ¥4,592 million in dividend payments.」
The company both borrowed ¥22,500 million and repaid ¥13,787 million in long-term borrowings and ¥30,292 million in lease liabilities. The balance of long-term borrowings increased from ¥39,811 million at the end of the previous fiscal year to ¥48,524 million. - 2026-05-13OtherEarnings
「¥22,500 million in proceeds from long-term borrowings, ¥30,292 million in repayments of lease liabilities, and ¥13,787 million in repayments of long-term borrowings」
Long-term borrowings coexisted with repayments of long-term borrowings and lease liabilities. - FY2026-H1An increase in long-term borrowings coexisted with repaymentsAnnual report
「This was mainly attributable to ¥15,000 million in proceeds from long-term borrowings, ¥14,901 million in repayments of lease obligations, ¥4,305 million in repayments of long-term borrowings, and ¥2,228 million in dividend payments.」
The company both borrowed ¥15,000 million and repaid ¥4,305 million in long-term borrowings. The balance of long-term borrowings increased from ¥39,811 million at the end of the previous fiscal year to ¥50,505 million, while repayments of lease obligations continued. - FY2025An increase in long-term borrowings coexisted with repaymentsAnnual report
「Proceeds from long-term borrowings 28,100 Repayments of long-term borrowings △ 9,198」
The company both borrowed ¥28,100 million and repaid ¥9,198 million. The balance of long-term borrowings increased from ¥20,910 million at the end of the previous fiscal year to ¥39,811 million. The policy of reducing liabilities coexisted with new borrowings. - FY2025-H1Funding raised through borrowings and an increase in the balance of long-term borrowingsAnnual report
「Net cash provided by financing activities was ¥7,405 million, compared with ¥12,134 million used in the same interim period of the previous year. This was mainly attributable to ¥19,800 million in proceeds from long-term borrowings, ¥5,979 million in repayments of lease obligations, ¥4,299 million in repayments of long-term borrowings, and ¥2,023 million in dividend payments.」
The company both borrowed ¥19,800 million and repaid ¥4,299 million. The balance of long-term borrowings increased from ¥14,850 million at the end of the previous fiscal year to ¥28,222 million. Efforts to reduce interest-bearing debt coexisted with new borrowings. - FY2024AdvancedAnnual report
「Cash decreased by ¥22,856 million through financing activities, mainly comprising ¥11,813 million in repayments of lease obligations and ¥8,588 million in repayments of long-term borrowings.」
The company continued repaying lease obligations and long-term borrowings, reducing long-term borrowings from ¥15,696 million at the end of the previous fiscal year to ¥14,850 million. Total interest-bearing debt also decreased from ¥50,084 million to ¥46,025 million. - FY2024-Q3Balances of borrowings and lease obligations increased from the end of the previous fiscal yearAnnual report
「Current portion of long-term borrowings 6,102 6,194 Lease obligations 14,599 16,020 Long-term borrowings 15,696 16,315 Lease obligations 44,789 45,961」
From the end of the previous consolidated fiscal year, current portion of long-term borrowings, long-term borrowings, and both current and non-current lease obligations all increased. Despite the stated policy of reducing interest-bearing debt, balances moved higher at the end of the third quarter. - FY2024-Q2Borrowings and repayments coexisted, with the balance of long-term borrowings increasing from the end of the previous fiscal yearAnnual report
「Net cash used in financing activities was ¥12,134 million, compared with ¥9,337 million used in the same quarter of the previous year. This was mainly attributable to ¥7,700 million in proceeds from long-term borrowings, ¥5,388 million in repayments of long-term borrowings, and ¥6,500 million in purchases of treasury shares.」
The company both borrowed ¥7,700 million and repaid ¥5,388 million in long-term borrowings. The balance of long-term borrowings increased from a combined ¥21,798 million at the end of the previous fiscal year to ¥24,109 million at the end of the quarter, while lease obligations also increased. - FY2024-Q1Long-term borrowings and lease obligations increasedAnnual report
「Current portion of long-term borrowings 6,102 6,364 Lease obligations 14,599 15,746 Long-term borrowings 15,696 19,345 Lease obligations 44,789 46,283」
From the end of the previous consolidated fiscal year, current portion of long-term borrowings, long-term borrowings, and both current and non-current lease obligations all increased. Despite the stated policy of reducing interest-bearing debt, balances moved higher during the quarter. - FY2023AdvancedAnnual report
「Cash decreased by ¥42,110 million through financing activities, mainly comprising ¥25,696 million in repayments of long-term borrowings, ¥11,051 million in repayments of lease obligations, and ¥3,501 million in purchases of treasury shares.」
The company repaid ¥25,696 million in long-term borrowings and ¥11,051 million in lease obligations, reducing the balance of long-term borrowings from ¥41,278 million to ¥15,696 million. - FY2023-Q3AdvancedAnnual report
「Long-term borrowings ※2 41,278 ※2 36,701」
The balance of long-term borrowings decreased from ¥41,278 million at the end of the previous consolidated fiscal year to ¥36,701 million. - FY2023-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥9,337 million, compared with ¥346 million used in the same quarter of the previous year. This was mainly attributable to ¥5,567 million in repayments of lease obligations and ¥3,127 million in repayments of long-term borrowings.」
During the six-month period, the company repaid ¥5,567 million in lease obligations and ¥3,127 million in long-term borrowings, reducing the balance of long-term borrowings from ¥41,278 million to ¥38,227 million. - FY2023-Q1AdvancedAnnual report
「Long-term borrowings ※2 41,278 ※2 39,753 Lease obligations 12,556 14,548」
The balance of long-term borrowings decreased from ¥41,278 million at the end of the previous consolidated fiscal year to ¥39,753 million. Lease obligations, meanwhile, increased. - FY2022AdvancedAnnual report
「Cash used in financing activities was ¥19,302 million. The main components were cash outflows of ¥9,601 million for repayments of lease liabilities, ¥16,531 million for repayments of long-term borrowings and ¥1,841 million for dividend payments, and a cash inflow of ¥8,029 million from the sale of treasury shares.」
The company repaid ¥16,531 million in long-term borrowings and ¥9,601 million in lease obligations, reducing the balance of long-term borrowings from ¥57,565 million to ¥41,278 million. - FY2022-Q3AdvancedAnnual report
「Long-term borrowings ※2 57,565 ※2 52,769」
The balance of long-term borrowings decreased from ¥57,565 million at the end of the previous consolidated fiscal year to ¥52,769 million. On the other hand, total current and non-current lease liabilities increased, indicating differences in the movements of individual items. - FY2022-Q2AdvancedAnnual report
「Cash outflows for repayments of long-term borrowings △ 3,350」
During the cumulative second-quarter period, ¥3,350 million in long-term borrowings was repaid, reducing the balance of long-term borrowings from ¥57,565 million at the end of the previous consolidated fiscal year to ¥54,377 million. - FY2022-Q1AdvancedAnnual report
「This disposal of treasury shares was carried out to reduce interest-bearing debt, which had increased as a result of the impact of COVID-19, in order to promote flexible development of new stores in anticipation of the normalization of economic activity in various countries as vaccination against COVID-19 progressed. The estimated net proceeds of ¥8,026 million from this overseas offering are planned to be used for capital investment in operating facilities, including store buildings and interiors, bowling equipment and amusement equipment, as well as for repayments through the fiscal year ending March 2023 of existing long-term borrowings raised from financial institutions for capital investment and working capital for store operations (balance as of the end of June 2021: ¥62,375 million), and for redemption through the fiscal year ending March 2023 of bonds (balance as of the end of June 2021: ¥1,923 million).」
The company presented a plan to allocate estimated net proceeds of ¥8,026 million from the disposal of treasury shares to repayments of long-term borrowings and the redemption of bonds through the fiscal year ending March 2023. - FY2021AdvancedAnnual report
「Cash provided by financing activities was ¥24,088 million. The main components were cash inflows of ¥48,350 million from long-term borrowings and cash outflows of ¥9,682 million for repayments of lease liabilities, ¥6,498 million for repayments of long-term borrowings, ¥5,001 million for the acquisition of treasury shares and ¥1,839 million for dividend payments.」
In preparation for a prolonged impact from the infectious disease, ¥4,835 million in long-term borrowings was raised during the year. The balance of long-term borrowings was ¥5,756.5 million, and the ¥16,000 million commitment line was maintained. - FY2021-Q3AdvancedAnnual report
「Long-term borrowings 15,776 ※2 59,055」
The balance of long-term borrowings increased from ¥15,776 million at the end of the previous consolidated fiscal year to ¥59,055 million. While funding was raised in preparation for a prolonged impact from the infectious disease, ¥22,550 million in long-term borrowings subject to financial covenants was also recognized. - FY2021-Q2AdvancedAnnual report
「In view of the impact of COVID-19, we entered into the following syndicated loan agreement to further stabilize our financial base. 1 Borrowing amount ¥14,800 million 5 Agreement termination date 31 October 2025」
During the cumulative second-quarter period, ¥15,800 million in long-term borrowings was raised, and a ¥14,800 million syndicated loan agreement was entered into in October 2020. The agreement runs through October 2025 and includes financial covenants relating to net assets and ordinary profit or loss from the fiscal year ending March 2024 onward. - FY2021-Q1AdvancedAnnual report
「In preparation for a prolonged impact from COVID-19, we also raised funds through long-term borrowings from financial institutions and entered into a commitment line agreement in order to establish a stable and flexible funding structure. As a result, we had secured sufficient working capital as of the end of the first quarter of the current consolidated fiscal year and established a structure capable of responding to a prolonged impact from COVID-19. Total commitment of lending facilities － ¥16,000 million Outstanding borrowings － － Balance － ¥16,000 million」
In preparation for a prolonged impact from the infectious disease, the company raised funds through long-term borrowings and entered into a commitment line agreement with a total amount of ¥16,000 million, securing working capital. On the other hand, the balance of long-term borrowings increased from ¥1,577.6 million at the end of the previous fiscal year to ¥2,582.5 million. - FY2020-Q3Borrowings and bonds increased while lease liabilities decreasedAnnual report
「Short-term borrowings 1,441 2,865 Current portion of bonds 825 1,167 Current portion of long-term borrowings 2,899 3,088 Lease liabilities 9,497 8,241 Bonds 1,675 2,507 Long-term borrowings 6,675 7,094 Lease liabilities 9,568 9,694」
Compared with the end of the previous consolidated fiscal year, short-term borrowings, the current portion of bonds and long-term borrowings, bonds, long-term borrowings and non-current lease liabilities increased, while current lease liabilities decreased. - FY2020-Q2AdvancedAnnual report
「Cash used in financing activities was ¥7,219 million (¥6,038 million used in the same quarter of the previous year). This was mainly due to cash outflows of ¥1,510 million for repayments of long-term borrowings and ¥5,163 million for repayments of lease liabilities.」
During the cumulative second-quarter period, ¥1,510 million in long-term borrowings and ¥5,163 million in lease liabilities were repaid. - FY2020-Q1Long-term borrowings decreased while short-term borrowings and non-current lease liabilities increasedAnnual report
「Short-term borrowings 1,441 3,117 Current portion of bonds 825 825 Current portion of long-term borrowings 2,899 2,799 Lease liabilities 9,497 9,169 Bonds 1,675 1,262 Long-term borrowings 6,675 6,018 Lease liabilities 9,568 10,249」
Compared with the end of the previous consolidated fiscal year, short-term borrowings increased, while the current portion of long-term borrowings, bonds and current lease liabilities decreased. Long-term borrowings also decreased, but non-current lease liabilities increased. - FY2019Debt repayments coexisted with funding through leases and bondsAnnual report
「Cash used in financing activities was ¥11,159 million. The main components were cash outflows of ¥10,298 million for repayments of lease liabilities, ¥5,584 million for repayments of long-term borrowings, ¥1,905 million for dividend and other payments, and cash inflows of ¥3,300 million from long-term borrowings and ¥2,500 million from the issuance of bonds.」
While repayments of long-term borrowings and lease liabilities continued, ¥3,300 million in long-term borrowings was raised and ¥2,500 million in bonds was issued. - FY2019-Q3Long-term borrowings decreased while short-term borrowings, bonds and lease liabilities increasedAnnual report
「Short-term borrowings 920 2,535 Current portion of bonds 935 825 Current portion of long-term borrowings 4,450 3,823 Lease liabilities 8,250 9,771 Bonds － 1,675 Long-term borrowings 7,408 6,737 Lease liabilities 7,276 8,772」
Compared with the end of the previous fiscal year, long-term borrowings and the current portion of long-term borrowings decreased, while short-term borrowings and current and non-current lease liabilities increased. Bonds of ¥1,675 million were also recognized. - FY2019-Q2AdvancedAnnual report
「Cash used in financing activities was ¥603.8 million (¥650.1 million used in the same quarter of the previous year). This was mainly due to cash outflows of ¥199.7 million for repayments of long-term borrowings and ¥484.5 million for repayments of lease liabilities.」
During the cumulative second-quarter period, ¥199.7 million in long-term borrowings and ¥484.5 million in lease liabilities were repaid. - FY2019-Q1Long-term borrowings decreased while short-term borrowings and current lease liabilities increasedAnnual report
「Short-term borrowings 920 3,895 Current portion of long-term borrowings 4,450 3,942 Lease liabilities 8,250 8,982 Long-term borrowings 7,408 6,819 Lease liabilities 7,276 6,656」
From the end of the previous consolidated fiscal year, long-term borrowings decreased from ¥740.8 million to ¥681.9 million, and the current portion of long-term borrowings decreased from ¥445.0 million to ¥394.2 million. On the other hand, short-term borrowings and current lease liabilities increased. - FY2018AdvancedAnnual report
「Cash used in financing activities was ¥13,286 million, down 21.7% year on year. The main components were cash outflows of ¥9,665 million for repayments of lease liabilities and ¥5,098 million for repayments of long-term borrowings.」
Repayments of ¥966.5 million in lease liabilities and ¥509.8 million in long-term borrowings were made, reducing the balance of long-term borrowings from ¥990.9 million to ¥740.8 million. - FY2018-Q3AdvancedAnnual report
「Current portion of long-term borrowings 4,748 4,079 Long-term borrowings 9,909 8,961 Lease liabilities 9,327 8,207 8,646 7,520」
The balances of the current portion of long-term borrowings, long-term borrowings and lease liabilities all decreased from the end of the previous consolidated fiscal year. - FY2018-Q2AdvancedAnnual report
「Cash used in financing activities was ¥650.1 million (¥868.0 million used in the same quarter of the previous year). This was mainly due to cash outflows of ¥269.5 million for repayments of long-term borrowings and ¥487.4 million for repayments of lease liabilities.」
Repayments of ¥269.5 million in long-term borrowings and ¥487.4 million in lease liabilities were made, continuing the reduction of interest-bearing debt. - FY2018-Q1AdvancedAnnual report
「Current portion of long-term borrowings 4,748 4,434 Long-term borrowings 9,909 8,854」
From the end of the previous consolidated fiscal year, the current portion of long-term borrowings decreased from ¥474.8 million to ¥443.4 million, while long-term borrowings decreased from ¥990.9 million to ¥885.4 million. - FY2017AdvancedAnnual report
「Cash used in financing activities was ¥16,964 million. This was mainly due to cash outflows of ¥9,208 million for repayments of lease liabilities and ¥7,716 million for repayments of long-term borrowings.」
Repayments of ¥920.8 million in lease liabilities and ¥771.6 million in long-term borrowings were made. The balance of long-term borrowings also decreased from ¥1,450.9 million at the end of the previous fiscal year to ¥990.9 million. - FY2017-Q3AdvancedAnnual report
「Current portion of long-term borrowings 6,364 5,194 Long-term borrowings 14,509 10,965」
The current portion of long-term borrowings and long-term borrowings decreased from the end of the previous consolidated fiscal year. Lease liabilities, however, increased, indicating differences among individual items in the progress made in strengthening the financial position. - FY2017-Q2AdvancedAnnual report
「Cash used in financing activities was ¥8,680 million (¥6,625 million used in the same quarter of the previous year). This was mainly due to cash outflows of ¥4,820 million for repayments of long-term borrowings and ¥4,713 million for repayments of lease liabilities.」
Repayments of ¥4,820 million in long-term borrowings and ¥4,713 million in lease liabilities were made, demonstrating specific progress in reducing interest-bearing debt. - FY2016First statedAnnual report
「Accordingly, our group has worked to strengthen its financial position, primarily by reducing interest-bearing debt. Going forward, to promote store expansion in the United States, we will continue to actively pursue efficient funding through the development of trusted relationships with financial institutions and investors, the use of leases, and the establishment of an appropriate inventory management system, among other measures, thereby strengthening our financial position.」
In addition to debt reduction, funding, leases and inventory management were cited as means of strengthening the financial base.