Achieving and Maintaining an Optimal Capital Structure
First written in FY2016. 13 of 27 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-08-03.
The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- 2026-08-03OtherEarnings
「Interest-bearing liabilities increased from the end of the previous consolidated fiscal year, mainly due to an increase in borrowings.」
Interest-bearing liabilities increased from ¥1,961.998 billion to ¥2,283.191 billion, continuing to rise mainly because of higher borrowings. - FY2026Increase in interest-bearing debtAnnual report
「Interest-bearing liabilities increased from the end of the previous consolidated fiscal year, mainly due to an increase in borrowings.」
Interest-bearing debt increased from ¥1,694,398 million at the end of the previous fiscal year to ¥1,961,998 million, rising again mainly due to borrowings. - FY2026-H1Reacceleration in interest-bearing debtAnnual report
「Interest-bearing liabilities increased from the end of the previous consolidated fiscal year, mainly due to an increase in borrowings.」
Interest-bearing debt increased from ¥1,694,398 million at the end of the previous fiscal year to ¥1,958,799 million, reversing the decline that had continued through the previous fiscal year. - FY2025Continued decrease in interest-bearing debtAnnual report
「Interest-bearing debt decreased from the end of the previous consolidated fiscal year, despite increases mainly from short- and long-term borrowings, because repayments of short- and long-term borrowings reduced it.」
Interest-bearing debt decreased from ¥1,882,752 million at the end of the previous fiscal year to ¥1,694,398 million, as the company continued adjusting its capital structure through borrowing and repayment. - FY2025-H1Continued decrease in interest-bearing debtAnnual report
「Interest-bearing debt decreased from the end of the previous consolidated fiscal year, despite increases mainly from long-term borrowings and commercial paper issuance, because repayments of short-term borrowings and commercial paper redemptions more than offset them.」
Interest-bearing debt decreased from ¥1,882,752 million at the end of the previous consolidated fiscal year to ¥1,847,254 million. Although the company borrowed long-term funds and issued commercial paper, repayments and redemptions were greater. - FY2024Reduction in Interest-Bearing DebtAnnual report
「Interest-bearing debt decreased from ¥1,913,799 million at the end of the previous consolidated fiscal year to ¥1,882,752 million.」
Interest-bearing debt decreased from the end of the previous consolidated fiscal year, mainly due to bond redemptions, marking a shift to a decline after increasing through the previous quarter. - FY2024-Q3Reacceleration in interest-bearing debtAnnual report
「Interest-bearing debt increased from ¥1,913,799 million at the end of the previous consolidated fiscal year to ¥1,928,637 million.」
Interest-bearing debt increased by ¥14.9 billion from the end of the previous consolidated fiscal year, rising again after having declined through the previous quarter. - FY2024-Q1Reduction in Interest-Bearing DebtAnnual report
「Interest-bearing debt decreased from the end of the previous consolidated fiscal year, mainly due to reductions resulting from bond redemptions and commercial paper redemptions.」
Interest-bearing debt decreased from ¥1,913,799 million at the end of the previous consolidated fiscal year to ¥1,808,665 million. - FY2023-Q3RestatedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to increases in borrowings and commercial paper issuance.」
Interest-bearing debt increased from ¥1,666,503 million at the end of the previous consolidated fiscal year to ¥1,835,879 million due to borrowings and commercial paper issuance. - FY2023-Q2AdvancedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to increases in borrowings and commercial paper issuance.」
Interest-bearing debt increased from ¥1,666,503 million at the end of the previous fiscal year to ¥1,861,708 million, and financing through borrowings and commercial paper expanded. - FY2023-Q1AdvancedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to increases in borrowings and commercial paper issuance.」
Interest-bearing debt increased from ¥1,666,503 million at the end of the previous fiscal year to ¥1,791,945 million, and financing through borrowings and commercial paper expanded. - FY2022-Q3AdvancedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to increases in borrowings, bond issuance and commercial paper issuance.」
Interest-bearing debt increased from ¥1,389,563 million at the end of the previous fiscal year to ¥1,674,357 million, and financing through borrowings, bonds and commercial paper expanded. - FY2022-Q2AdvancedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to increases in borrowings, bond issuance and commercial paper issuance.」
Interest-bearing debt increased from ¥1,389,563 million at the end of the previous fiscal year to ¥1,655,711 million, with financing through ¥100 billion in bonds and commercial paper issuance reflected in the capital structure. - FY2022-Q1AdvancedAnnual report
「Interest-bearing debt increased from the end of the previous consolidated fiscal year, mainly due to the issuance of commercial paper.」
The issuance of commercial paper increased interest-bearing debt from ¥1,389,563 million at the end of the previous fiscal year to ¥1,463,224 million, driving further changes in the capital structure. - FY2021RestatedAnnual report
「The Group's basic capital management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」
The Company reaffirmed achieving and maintaining an optimal capital structure as its basic capital management policy. - FY2021-Q3AdvancedAnnual report
「The cumulative amount of bonds issued during the third quarter under review was ¥200 billion.」
The company issued a cumulative ¥200 billion of bonds during the first nine months, increasing interest-bearing debt from ¥1,086,436 million at the end of the previous fiscal year to ¥1,205,458 million. - FY2021-Q2AdvancedAnnual report
「Interest-bearing debt decreased mainly because some short-term borrowings were repaid ahead of schedule, but increased overall from the end of the previous consolidated fiscal year due to bond issuance.」
Interest-bearing debt increased from ¥1,086,436 million at the end of the previous fiscal year to ¥1,204,659 million. The company repaid some short-term borrowings ahead of schedule while continuing to raise funds through bond issuance. - FY2021-Q1AdvancedAnnual report
「The cumulative amount of bonds issued during the first quarter under review was ¥200 billion.」
The company issued a cumulative ¥200 billion of bonds during the first quarter, increasing interest-bearing debt from ¥1,086,436 million at the end of the previous fiscal year to ¥1,194,904 million. - FY2020AdvancedAnnual report
「To finance the tender offer for the shares of 株式会社ZOZO, the Company entered into a loan agreement on 14 November 2019 with 5 financing institutions, with 株式会社みずほ銀行 acting as agent, and drew down the loan on 19 November 2019.」
The company drew down ¥400 billion in borrowings to fund the acquisition of ZOZO, specifically reflecting the acquisition financing in its capital structure. Total interest-bearing debt also increased to ¥1,086,436 million. - FY2020-Q3AdvancedAnnual report
「Interest-bearing debt increased compared with the end of the previous consolidated fiscal year, mainly due to increased borrowings, bond issuance, and the application of IFRS 16, Leases.」
Interest-bearing debt increased from ¥215,212 million at the end of the previous fiscal year to ¥1,066,006 million, reflecting changes in the capital structure including borrowings to fund the acquisition of ZOZO, bond issuance, and lease liabilities. - FY2020-Q2AdvancedAnnual report
「The cumulative amount of bonds issued during the cumulative second quarter of the fiscal year under review was ¥230,000 million.」
The Company issued ¥230 billion of bonds during the cumulative quarter, and interest-bearing debt increased from ¥215,212 million at the end of the previous consolidated fiscal year to ¥610,222 million, including increased borrowings and the application of IFRS 16. - FY2020-Q1AdvancedAnnual report
「Share capital and capital surplus increased compared with the end of the previous consolidated fiscal year due to the issuance of new shares.」
While share capital and capital surplus increased as a result of the third-party allotment, treasury shares also increased due to the acquisition of treasury shares, resulting in a significant change in the capital structure. - FY2019-Q3AdvancedAnnual report
「The cumulative amount of bonds issued during the cumulative third quarter of the fiscal year under review was ¥25,000 million.」
The Company issued ¥25 billion of bonds during the cumulative quarter, continuing to raise funds through interest-bearing debt as part of its efforts to maintain an optimal capital structure. - FY2018Increase in outstanding bondsAnnual report
「Bonds (Note 3) 105,050」
Outstanding bonds increased from ¥35,100 million at the end of the previous fiscal year to ¥105,050 million. The Company issued ¥70,000 million during fiscal 2017, expanding funding through interest-bearing debt in its capital structure. - FY2018-Q3Funding through Bond IssuanceAnnual report
「The cumulative amount of bonds issued during the cumulative third quarter of the fiscal year under review was ¥70,000 million.」
The Company issued ¥70 billion of bonds in total, resulting in funding through interest-bearing debt as part of capital management aimed at achieving an optimal capital structure. - FY2017RestatedAnnual report
「The Group's basic capital management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」
The Company reaffirmed achieving and maintaining an optimal capital structure as its basic capital management policy. - FY2016First statedAnnual report
「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」
The Company explains its capital management, including the capital adequacy ratios and net asset requirements imposed by financial regulations on its subsidiaries.