Strengthening the Financial Position by Reducing Interest-Bearing Debt
First written in FY2018. 6 of 23 entries say "Advanced", first in FY2021. Latest entry: FY2026.
Towa moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
30 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the end of the current consolidated fiscal year, interest-bearing debt accounted for approximately 17.1% of the total assets of the Group. The Group's policy is to continue strengthening its financial position by pursuing management focused on cash flow and reducing interest-bearing debt.」
The ratio of interest-bearing debt to total assets increased from approximately 12.1% in the previous fiscal year to approximately 17.1%. The policy of reducing liabilities remains unchanged. - FY2026-H1Update on borrowings balance for the interim periodAnnual report
「As of the end of the interim consolidated accounting period, the balance of long-term borrowings was ¥193 million.」
The balance of long-term borrowings decreased from ¥249 million at the end of the previous fiscal year to ¥193 million, while short-term borrowings increased to ¥1.2 billion, updating the status of liability reduction. - FY2025AdvancedAnnual report
「Cash flows from financing activities resulted in a cash outflow of ¥512.6 million... This was mainly due to cash outflows of ¥396 million for repayments of borrowings... and other factors.」
The company paid ¥396 million to repay borrowings, and the balance of long-term borrowings also decreased to ¥249 million. - FY2025-H1AdvancedAnnual report
「Net repayments of short-term borrowings were ¥40 million (a net increase of ¥50 million in the same period of the previous year), while cash outflows for scheduled repayments of long-term borrowings were ¥86 million (¥97 million in the same period of the previous year).」
Short-term borrowings decreased by a net ¥40 million, and ¥86 million was paid in scheduled repayments of long-term borrowings. The balance of long-term borrowings also decreased to ¥319 million, indicating progress in reducing liabilities. - FY2024-Q3AdvancedAnnual report
「As of 31 December 2023, the balance of long-term borrowings was ¥442.5 million.」
The balance of long-term borrowings decreased from ¥491 million at the end of the previous quarter to ¥442.5 million, updating the progress in reducing interest-bearing debt through the balance. - FY2024-Q2AdvancedAnnual report
「Cash outflows for scheduled repayments of long-term borrowings were ¥97 million (¥76 million in the same period of the previous year).」
The company paid ¥97 million in scheduled repayments of long-term borrowings, and the balance of long-term borrowings decreased from ¥539.5 million at the end of the previous quarter to ¥491 million. - FY2024-Q1AdvancedAnnual report
「As of 30 June 2023, the balance of long-term borrowings was ¥539.5 million.」
The balance of long-term borrowings decreased from ¥636.5 million at the end of the previous quarter to ¥539.5 million. Progress in strengthening the financial position through debt repayments is being tracked through the balance. - FY2023-Q3Update on long-term borrowings at the third quarter-endAnnual report
「As of 31 December 2022, the balance of long-term borrowings was ¥6,365 million.」
The balance of long-term borrowings decreased from ¥685 million at the end of the previous quarter to ¥636.5 million. - FY2023-Q2Updated the second-quarter balance of long-term borrowingsAnnual report
「As of 30 September 2022, the balance of long-term borrowings was ¥6,850 million.」
The balance of long-term borrowings increased from ¥6,075 million at the end of the previous quarter to ¥6,850 million. - FY2023-Q1Update to the first-quarter balance of long-term borrowingsAnnual report
「As of 30 June 2022, the balance of long-term borrowings was ¥6,075 million.」
The balance of long-term borrowings increased from ¥4,610 million at the end of March 2022 to ¥6,075 million. - FY2022Update to the full-year balance of interest-bearing debtAnnual report
「At the end of the current consolidated accounting year, the Group's interest-bearing debt represented approximately 14.6% of total assets. The Group intends to maintain a rigorous focus on cash flow management and continue working to strengthen its financial position by reducing interest-bearing debt.」
The interest-bearing debt ratio was approximately 14.6%, down from approximately 15.1% in the previous year. The company continued to focus on cash flow and maintain its policy of reducing debt. - FY2022-Q3Update on long-term borrowings at the third quarter-endAnnual report
「As of 31 December 2021, the balance of long-term borrowings was ¥4,945 million.」
The balance of long-term borrowings decreased from ¥5,280 million at the end of the second quarter to ¥4,945 million. - FY2022-Q2Update to the second-quarter balance of long-term borrowingsAnnual report
「As of 30 September 2021, the balance of long-term borrowings was ¥5,280 million.」
The balance of long-term borrowings decreased to ¥5,280 million from ¥5,950 million at the end of the previous fiscal year and ¥5,615 million at the end of the previous quarter. - FY2022-Q1Update to the first-quarter balance of long-term borrowingsAnnual report
「As of 30 June 2021, the balance of long-term borrowings was ¥5,615 million.」
The balance of long-term borrowings decreased from ¥5,950 million at the end of March 2021 to ¥5,615 million, while the outstanding balance of executed borrowings was updated to ¥2,300 million. - FY2021AdvancedAnnual report
「At the end of the current consolidated accounting year, the Group's interest-bearing debt represented approximately 15.1% of total assets. The Group intends to maintain a rigorous focus on cash flow management and continue working to strengthen its financial position by reducing interest-bearing debt.」
The interest-bearing debt ratio was approximately 15.1%, down from approximately 23.9% in the previous year. The company continued to focus on cash flow and maintain its policy of reducing debt. - FY2021-Q3Decline in Long-Term BorrowingsAnnual report
「Total liabilities increased by ¥1,097 million from the end of the previous consolidated accounting year to ¥17,204 million. Although borrowings decreased due to improved fund efficiency resulting from strong business performance, trade payables and other payment obligations increased in line with the sharp increase in orders.」
The company stated that borrowings decreased due to improved fund efficiency resulting from strong business performance. Meanwhile, the balance of long-term borrowings was ¥6,175 million. - FY2021-Q2Increase in Long-Term BorrowingsAnnual report
「As of 30 September 2020, the balance of long-term borrowings was ¥6,479 million.」
Although the company maintained its policy of reducing interest-bearing debt, the balance of long-term borrowings increased from ¥5,283 million at the end of the previous quarter to ¥6,479 million. - FY2021-Q1Increase in Long-Term BorrowingsAnnual report
「As of 30 June 2020, the balance of long-term borrowings was ¥5,283 million.」
The balance of long-term borrowings increased from ¥4,405 million at the end of the previous quarter to ¥5,283 million, updating the balance despite the policy of reducing interest-bearing debt. - FY2020-Q3Decline in Long-Term BorrowingsAnnual report
「As of 31 December 2019, the balance of long-term borrowings was ¥4,405 million. In addition, as of the end of the current third-quarter consolidated accounting period, the company had entered into overdraft facility agreements and commitment line agreements totaling ¥9,700 million with 6 relationship banks, comprising a drawn balance of ¥5,400 million and an undrawn balance of ¥4,300 million.」
In connection with the policy of reducing interest-bearing debt, the balance of long-term borrowings decreased from ¥4,584 million at the end of the second quarter to ¥4,405 million. - FY2020-Q2Progress in repaying long-term borrowingsAnnual report
「This was attributable, among other factors, to a net increase of ¥400 million in short-term borrowings, compared with a net increase of ¥3,450 million in the same period of the previous year, cash outflows of ¥412 million for repayment of long-term borrowings, compared with ¥458 million in the same period of the previous year, and cash outflows of ¥400 million for dividend payments based on the stable dividend policy, unchanged from the previous year.」
A ¥412 million cash outflow for repayment of long-term borrowings was recorded, reflecting fund movements consistent with the policy of reducing borrowings. - FY2019Coexistence of higher interest-bearing debt due to business expansion and a debt reduction policyAnnual report
「At the end of the current consolidated accounting year, the Group's interest-bearing debt represented approximately 23.9% of total assets. The Group intends to maintain a rigorous focus on cash flow management and continue working to strengthen its financial position by reducing interest-bearing debt.」
Although the policy of reducing interest-bearing debt was maintained, the ratio of interest-bearing debt to total assets reached approximately 23.9% as borrowings increased in connection with business expansion. - FY2019-Q2RestatedAnnual report
「The company continued to work on reducing interest-bearing debt as a means of strengthening its financial position and paid dividends to shareholders from retained earnings secured for profit distribution.」
The company continued to pursue the reduction of interest-bearing debt as a means of strengthening its financial position, and reported both the securing of retained earnings and dividends to shareholders. - FY2018First statedAnnual report
「The company intends to maintain a rigorous focus on cash flow management and continue working to strengthen its financial position by reducing interest-bearing debt.」
The company specified a continued focus on cash flow and reduction of interest-bearing debt as measures to strengthen its financial position.