Policy to fund store capital expenditures with internal funds, long-term borrowings and proceeds from a capital increase
First written in FY2023. 3 of 5 entries say "Advanced", first in FY2025. Latest entry: FY2026-H1.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「8. Method of funding payment Funding through borrowings」
The acquisition of MP Kitchen Holdings was funded through borrowings. - 2026-05-14AdvancedEarnings
「Method of raising funds for the payment: Borrowings」
The acquisition of エムピーキッチンホールディングス was financed through borrowings, making the use of borrowings, including acquisition financing, concrete. - FY2025AdvancedAnnual report
「In line with our capital investment plan, the Group primarily raises funds through bank borrowings for store openings, short-term working capital and temporary funding needs such as M&A.」
The funding policy expressly includes bank borrowings for M&A as well as store investment, and borrowings were actually used to acquire Grand Cuisine and other businesses. - FY2024RestatedAnnual report
「Working capital is funded with internal funds generated through operating activities, while capital investment is financed with internal funds and long-term borrowings from financial institutions.」
The policy of funding working capital with internal funds and capital investment with internal funds and long-term borrowings continues. - FY2023First statedAnnual report
「Working capital is funded with internal funds generated through operating activities, while capital investment is financed with internal funds and long-term borrowings from financial institutions.」
The 2024 store-opening plan also identified internal funds or equity proceeds as funding sources.