Reduction of Interest-Bearing Debt and Improvement of Financial Condition
First written in FY2016. 6 of 12 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2022-Q2.
43 other companies' latest entry also says "Advanced".
- FY2022-Q2AdvancedAnnual report
「Non-current liabilities amounted to ¥4,368 million, a decrease of ¥246 million from the end of the previous consolidated fiscal year, mainly due to a ¥245 million decrease in long-term borrowings.」
Long-term borrowings fell from ¥245 million at the end of the previous consolidated fiscal year to zero, reducing interest-bearing debt. - FY2019RestatedAnnual report
「At the end of the current consolidated fiscal year, the balance of long-term borrowings due for repayment within one year was ¥245 million. The Company also entered into a ¥2.0 billion commitment line agreement with its financial institutions to stabilize financing and improve fund efficiency and financial income and expenses, but had no outstanding borrowings drawn from financial institutions at the end of the current consolidated fiscal year.」
The Company disclosed its borrowings and ¥2.0 billion commitment line and maintained a zero balance of borrowings drawn. - FY2019-Q3Increase in liabilities due to the provision for product warrantiesAnnual report
「At the end of the third quarter of the current consolidated fiscal year, current liabilities amounted to ¥7,890 million, an increase of ¥2,603 million from the end of the previous consolidated fiscal year, despite a ¥221 million decrease in accrued income taxes, mainly because the provision for product warranties increased by ¥2,039 million. Non-current liabilities amounted to ¥4,173 million, an increase of ¥30 million from the end of the previous consolidated fiscal year. As a result, total liabilities increased by ¥2,633 million to ¥12,064 million.」
Current liabilities increased due to the provision for product warranties, and total liabilities also increased by ¥2,633 million from the end of the previous consolidated fiscal year. This does not indicate an increase in borrowings. - FY2019-Q2Continued increase in liabilitiesAnnual report
「As a result, total liabilities increased by ¥756 million from the end of the previous consolidated fiscal year to ¥10,186 million.」
Long-term borrowings remained unchanged at ¥245 million, while total liabilities increased by ¥756 million from the end of the previous consolidated fiscal year due mainly to increases in notes and accounts payable and the provision for litigation losses. - FY2019-Q1Increase in liabilitiesAnnual report
「At the end of the first quarter of the current consolidated fiscal year, current liabilities increased by ¥382 million from the end of the previous consolidated fiscal year to ¥5,669 million. Non-current liabilities decreased by ¥8 million to ¥4,134 million, and total liabilities consequently increased by ¥374 million to ¥9,804 million.」
Long-term borrowings remained unchanged at ¥245 million, while total liabilities increased by ¥374 million from the end of the previous consolidated fiscal year due to the increase in current liabilities. - FY2018RestatedAnnual report
「At the end of the consolidated fiscal year, long-term borrowings stood at ¥245 million. The company has also entered into a ¥2 billion commitment line agreement with its financial institutions to stabilise funding, improve capital efficiency and improve financial income and expenses, but had no outstanding borrowings from financial institutions at the end of the consolidated fiscal year.」
Long-term borrowings were ¥245 million, unchanged from the end of the previous fiscal year, and the company maintained a ¥2 billion undrawn commitment line. - FY2018-Q1AdvancedAnnual report
「At the end of the first quarter of the consolidated fiscal year, current liabilities decreased by ¥64 million from the end of the previous consolidated fiscal year to ¥5.046 billion, mainly owing to a ¥52 million decrease in notes and accounts payable. Non-current liabilities decreased by ¥13 million to ¥4.104 billion, mainly owing to a ¥9 million decrease in liabilities related to retirement benefits. As a result, total liabilities decreased by ¥77 million from the end of the previous consolidated fiscal year to ¥9.151 billion.」
Total liabilities decreased by ¥77 million from the end of the previous consolidated fiscal year. Long-term borrowings were ¥245 million, unchanged from the end of the previous consolidated fiscal year. - FY2017AdvancedAnnual report
「At the end of the consolidated fiscal year, current liabilities stood at ¥5.11 billion, down ¥365 million from the end of the previous consolidated fiscal year, owing mainly to a ¥559 million decrease in short-term borrowings. Non-current liabilities stood at ¥4.118 billion, down ¥103 million, owing mainly to a ¥100 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥559 million and long-term borrowings by ¥100 million, resulting in a ¥469 million year-on-year decrease in total liabilities. - FY2017-Q3AdvancedAnnual report
「At the end of the third quarter of the consolidated fiscal year, current liabilities stood at ¥5.567 billion, up ¥90 million from the end of the previous consolidated fiscal year. This was despite decreases of ¥480 million in income taxes payable and ¥387 million in short-term borrowings, as notes and accounts payable increased by ¥883 million, among other factors.」
Short-term borrowings decreased by ¥387 million from the end of the previous consolidated fiscal year. However, total current liabilities increased by ¥90 million owing to higher notes and accounts payable. - FY2017-Q2AdvancedAnnual report
「At the end of the second quarter of the consolidated fiscal year, current liabilities stood at ¥5.587 billion, up ¥110 million from the end of the previous consolidated fiscal year. This was despite a ¥382 million decrease in short-term borrowings, including current maturities of long-term borrowings, as notes and accounts payable increased by ¥578 million, among other factors.」
Short-term borrowings decreased by ¥382 million from the end of the previous consolidated fiscal year, indicating specific progress in reducing interest-bearing debt. However, total current liabilities increased. - FY2017-Q1AdvancedAnnual report
「As a result, total liabilities decreased by ¥183 million from the end of the previous consolidated fiscal year to ¥9.514 billion. Net assets increased to ¥13.267 billion, up ¥67 million from the end of the previous consolidated fiscal year, owing mainly to a ¥132 million increase in retained earnings.」
At the end of the quarter, total liabilities had decreased by ¥183 million from the end of the previous fiscal year, while net assets had increased by ¥67 million. The text does not specify a causal relationship between these changes and the existing measures. - FY2016First statedAnnual report
「In the Administrative Division, the company advanced the development and improvement of systems to enhance operational efficiency, while reducing interest-bearing debt and working to improve its financial position.」
The company uses operational efficiency improvements and interest-bearing debt reduction to strengthen its financial position and management foundation.