Borrowing and Securing On-Hand Liquidity in Preparation for a Prolonged COVID-19 Pandemic

「Net cash used in financing activities increased by ¥1,684 million from the same period of the previous year, resulting in net cash used of ¥8,593 million. This was mainly attributable to an increase in the amount of interest-bearing debt reduced.」

「As of the end of the interim consolidated fiscal period, cash and cash equivalents were ¥16,373 million, down 7.6% from the end of the previous consolidated fiscal year, while interest-bearing debt (borrowings) was ¥2,046 million, down 71.3%. This was mainly because the company proceeded with reducing interest-bearing debt to improve capital efficiency.」

「At the end of the current consolidated fiscal year, cash and cash equivalents were ¥17,715 million, down 1.2% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of borrowings, was ¥7,137 million, down 5.9%. This was primarily because, although cash flows from operating activities decreased from the previous consolidated fiscal year, the Company proceeded with reducing interest-bearing debt to improve capital efficiency.」

「As of the end of the interim consolidated fiscal period, cash and cash equivalents were ¥16,477 million, down 8.1% from the end of the previous consolidated fiscal year, while interest-bearing debt (borrowings) was ¥6,362 million, down 16.1%. This was mainly because the company proceeded with repayments of borrowings to improve capital efficiency.」

「This was primarily because cash flows from operating activities increased from the previous consolidated fiscal year and the Company repaid bonds and borrowings.」

「Cash and cash equivalents at the end of the third quarter of the current consolidated fiscal year were ¥15,537 million, down 7.4% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥8,600 million, down 25.7%. This was primarily because the Company proceeded with the repayment of borrowings as cash flows from operating activities increased.」

「Cash flows from financing activities resulted in a net outflow of ¥5,533 million, with the outflow increasing by ¥1,497 million from the same period of the previous fiscal year. This was primarily due to an increase in the reduction of interest-bearing debt.」

「Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year were ¥14,416 million, down 14.0% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥8,110 million, down 29.9%. This was primarily due to reviewing the appropriate level of on-hand liquidity and proceeding with the repayment of borrowings.」

「At the end of the current consolidated fiscal year, cash and cash equivalents were ¥16,770 million, down 11.0% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥11,570 million, down 16.3%. This was primarily due to reviewing the appropriate level of on-hand liquidity and proceeding with the repayment of borrowings.」

「Cash and cash equivalents at the end of the third quarter of the current consolidated fiscal year were ¥16,787 million, down 10.9% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥12,414 million, down 10.2%. The decrease in cash and cash equivalents during the cumulative third quarter of the current consolidated fiscal year was primarily due to reviewing the appropriate level of on-hand liquidity and proceeding with the repayment of borrowings.」

「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year were ¥16,211 million, down 13.9% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥11,887 million, down 14.1%. The decrease in cash and cash equivalents during the cumulative second quarter of the current consolidated fiscal year was primarily due to reviewing the appropriate level of on-hand liquidity and proceeding with the repayment of borrowings.」

「Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year were ¥15,715 million, down 16.6% from the end of the previous consolidated fiscal year, while interest-bearing debt, consisting of bonds and borrowings, was ¥11,782 million, down 14.8%. The decrease in cash and cash equivalents during the first quarter of the current consolidated fiscal year was primarily due to reviewing the appropriate level of on-hand liquidity and proceeding with the repayment of borrowings.」

「This was primarily because, although cash flows from operating activities decreased from the previous consolidated fiscal year, temporary income was generated from such sources as the sale of equity instruments, allowing the Company to reduce interest-bearing debt to improve capital efficiency.」

「This was primarily because, although cash flows from operating activities decreased from the same period of the previous fiscal year, temporary income was generated from such sources as the sale of equity instruments, allowing the Company to reduce interest-bearing debt to improve capital efficiency.」

「As of the end of the second quarter, cash and cash equivalents were ¥16,999 million, while interest-bearing debt, comprising bonds and borrowings, was ¥17,413 million. The decrease in cash and cash equivalents during the six months ended September 30 was mainly due to a review of the appropriate level of on-hand liquidity and the repayment of borrowings.」

「As of the end of the first quarter, cash and cash equivalents were ¥17,127 million, while interest-bearing debt, comprising bonds and borrowings, was ¥17,795 million. The decrease in cash and cash equivalents during the first quarter was mainly due to a review of the appropriate level of on-hand liquidity and the repayment of borrowings.」

「As of the end of the third quarter, cash and cash equivalents were ¥18,007 million, while interest-bearing debt, comprising bonds and borrowings, was ¥21,544 million. During the nine months ended December 31, the Company raised funds through borrowings from financial institutions and increased on-hand liquidity in preparation for a prolonged impact from the spread of the novel coronavirus.」

「As of the end of the second quarter, cash and cash equivalents were ¥16,293 million, while interest-bearing debt, comprising bonds and borrowings, was ¥22,608 million. During the six months ended September 30, the Company raised funds through borrowings from financial institutions and increased on-hand liquidity in preparation for a prolonged impact from the spread of the infectious disease.」

「As of the end of the first quarter, cash and cash equivalents were ¥16,184 million, while interest-bearing debt, comprising bonds and borrowings, was ¥23,094 million. During the first quarter, the Company raised funds through borrowings from financial institutions and increased on-hand liquidity in preparation for a prolonged impact from the spread of the novel coronavirus.」