Optimizing Financing to Balance Capital Efficiency and Management Stability
First written in FY2016. 3 of 17 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-07.
The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「This was mainly because short-term borrowings increased by ¥5.000 billion and contract liabilities increased by ¥824 million, while accrued expenses decreased by ¥566 million.」
Short-term borrowings increased by ¥5.0 billion at the end of the first quarter, while the equity ratio declined from 58.0% at the end of the previous consolidated fiscal year to 54.3%. - FY2026MitigatedAnnual report
「Cash collected from trade receivables exceeded funding needs arising from the expansion of operations, capital investments, and the implementation of proactive shareholder returns, resulting in a decrease in borrowings from financial institutions compared with the previous consolidated fiscal year.」
Borrowings from financial institutions decreased year on year due to a reduction in short-term borrowings and other debt, and the equity ratio improved to 58.0%. - 2026-05-15AdvancedFinancial results presentation
「Short-term borrowings were reduced through Group-wide cash management and collection of receivables.」
Short-term borrowings decreased by ¥1.732 billion from the end of the previous consolidated fiscal year, indicating concrete progress in funds management through cash management and receivables collection. - FY2026-H1Increase in borrowingsAnnual report
「Non-current liabilities totaled ¥9.753 billion, an increase of ¥1.62 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥456 million in long-term borrowings, ¥248 million in deferred tax liabilities, and ¥486 million in liabilities related to retirement benefits.」
Non-current liabilities increased, with long-term borrowings rising by ¥456 million from the end of the previous consolidated fiscal year. - FY2025-H1MitigatedAnnual report
「Current liabilities at the end of the current interim consolidated fiscal period totaled ¥17.791 billion, a decrease of ¥5.893 billion from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥4.8 billion in short-term borrowings and ¥733 million in income taxes payable.」
Short-term borrowings decreased by ¥4.8 billion, reversing the increase that had continued through the previous fiscal year. The equity ratio also rose from 55.6% to 61.0%. - FY2024-Q3Short-Term Borrowings IncreasedAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal period totaled ¥21.386 billion, an increase of ¥3.955 billion from the end of the previous consolidated fiscal year. This was mainly due to a ¥4.5 billion increase in short-term borrowings.」
The company disclosed that the ¥4.5 billion increase in short-term borrowings was the main factor behind the increase in current liabilities at the end of the third quarter. - FY2024-Q2Short-Term Borrowings IncreasedAnnual report
「This was mainly due to a ¥5.5 billion increase in short-term borrowings, partly offset by decreases of ¥654 million in income taxes payable and ¥776 million in contract liabilities.」
The company disclosed that the ¥5.5 billion increase in short-term borrowings was the main factor behind the increase in current liabilities at the end of the second quarter. - FY2024-Q1Short-Term Borrowings IncreasedAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal period totaled ¥19.611 billion, an increase of ¥2.18 billion from the end of the previous consolidated fiscal year. This was mainly due to a ¥3 billion increase in short-term borrowings, partly offset by a ¥760 million decrease in income taxes payable.」
The company disclosed that the ¥3 billion increase in short-term borrowings was the main factor behind the increase in current liabilities at the end of the quarter. - FY2023MitigatedAnnual report
「Borrowings from financial institutions decreased from the previous consolidated fiscal year because the company repaid borrowings using funds from the collection of sales proceeds, mainly in the Logistics Solutions business, and proceeds from the sale of cross-held shares.」
Repayment of short-term borrowings and other debt progressed, reducing total borrowings from financial institutions by ¥2.263 billion and improving the equity ratio to 59.5%. - FY2023-Q3Further increase in short-term borrowingsAnnual report
「This was mainly due to a ¥524 million decrease in notes and accounts payable and a ¥5.737 billion increase in short-term borrowings.」
Continuing the disclosures through the previous quarter, the company indicated that the ¥5.737 billion increase in short-term borrowings was a factor behind the rise in current liabilities. - FY2023-Q1Further increase in short-term borrowingsAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal period totaled ¥18.736 billion, an increase of ¥534 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2 billion in short-term borrowings and ¥688 million in contract liabilities, partly offset by decreases of ¥639 million in accrued expenses, ¥482 million in income taxes payable, and ¥434 million in provision for bonuses.」
Short-term borrowings increased for the second consecutive quarter, with the ¥2 billion increase at the end of the current quarter disclosed as the main factor behind the rise in current liabilities. - FY2022-Q3Short-Term Borrowings IncreasedAnnual report
「This was mainly due to an increase of ¥4.5 billion in short-term borrowings and a decrease of ¥1.089 billion in contract liabilities.」
The company disclosed that the increase in current liabilities at the end of the third quarter was attributable to a ¥4.5 billion increase in short-term borrowings. It disclosed a change in the financing mix. - FY2021AdvancedAnnual report
「To ensure a stable supply of the liquidity and funding sources required for business operations, our group uses cash on hand generated from operating activities and, as necessary, raises funds through corporate bonds issued to institutional investors and through short- and long-term borrowings from financial institutions.」
The company implemented a financing policy combining cash on hand, corporate bonds, and short- and long-term borrowings. During the fiscal year, it issued ¥1 billion in corporate bonds while also making progress in repaying borrowings. - FY2018RestatedAnnual report
「To ensure a stable supply of the liquidity and funding sources required for business operations, our group uses cash on hand and, as necessary, raises funds from financial institutions through short-term and long-term borrowings.」
The company has reconfirmed its financing policy of securing liquidity by combining cash on hand with short- and long-term borrowings. - FY2017RestatedAnnual report
「⑥Optimizing financing to achieve both capital efficiency and management stability」
The company has reiterated the optimization of financing to achieve both capital efficiency and management stability as a company-wide initiative. - FY2017-Q2AdvancedAnnual report
「Our basic policy is to use surplus funds and borrowings for growth investments, while returning all profits to shareholders through dividends and share buybacks to maximize capital efficiency.」
Regarding the optimization of financing, the company presented a specific capital allocation policy of funding growth investments with surplus funds and borrowings and allocating profits to dividends and share buybacks. In addition, it set aside ¥4 billion during the plan period as an investment budget for new businesses. - FY2016First statedAnnual report
「⑥Optimizing financing to achieve both capital efficiency and management stability」
The company has made financing that considers both capital efficiency and management stability a company-wide priority.