Improving the Financial Position through Asset Securitization
First written in FY2019. 5 of 9 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
0 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The business transfer was completed as of 30 September 2025.」
As a concrete measure to improve capital efficiency and review the asset portfolio, the transfer of the Lastel Shin-Yokohama business was completed and a gain on business transfer of ¥1,062 million was recognized. - FY2026-H1AdvancedAnnual report
「At the same time as we entered into a business alliance agreement with 金宝堂, both parties reached agreement on the strategic direction for the selective sale of assets to improve our capital efficiency, and the review of our asset portfolio to ensure financial soundness and investment for growth, in connection with our funeral hall "Lastel Shin-Yokohama" and 金宝堂's intention to open new funeral halls in Kanagawa and around Yokohama.」
The company gave concrete form to a review of its asset portfolio aimed at improving capital efficiency, maintaining financial soundness and investing for growth, and transferred Lastel Shin-Yokohama while entering into a business alliance with 金宝堂. - FY2025Asset securitization continued, while cash declinedAnnual report
「Funds generated from investing activities amounted to ¥152 million, down 56.7% year on year. This was mainly attributable to ¥176 million in proceeds from the cancellation of insurance reserve funds, ¥77 million in proceeds from the sale of property, plant and equipment, and ¥81 million in expenditure due to the net increase in guarantee deposits.」
Although the company continued to generate cash through the cancellation of insurance reserve funds and the sale of fixed assets, funds generated from investing activities declined 56.7% year on year, and total cash on hand decreased. - FY2024-Q1AchievedAnnual report
「To make effective use of management resources and strengthen our financial base, we transferred fixed assets we owned on 14 June 2023 and recognized a gain on sale of fixed assets of ¥134 million as extraordinary income.」
The measure to strengthen financial strength through asset securitization was completed with the transfer of fixed assets on 14 June 2023 and recognition of a ¥134 million gain on sale. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 May 2023, we resolved to transfer fixed assets held by the company and sold them on 14 June 2023. In connection with the transfer of these fixed assets, we plan to recognize an estimated gain on sale of fixed assets of approximately ¥151 million, after deducting related expenses and other costs, as extraordinary income in the first quarter of the 58th fiscal period.」
Regarding measures to improve financial strength and securitize assets, the company describes concrete progress, having sold idle assets on 14 June 2023 and planning to recognize an estimated gain on sale of approximately ¥151 million. - FY2022AdvancedAnnual report
「In addition to securing the liquidity necessary for business operations and using funds raised through operating and financing activities flexibly and efficiently, we will promote the securitization of property, plant and equipment and investments and other assets to improve our financial strength.」
The asset securitization policy continued, and during the period the company recognized ¥220.727 million in proceeds from the sale of property, plant and equipment. - FY2020AdvancedAnnual report
「Funds generated from investing activities amounted to ¥328 million, compared with ¥471 million used in the same period of the previous year. This was mainly attributable to ¥343 million in proceeds from the sale of investment securities, ¥331 million in proceeds from the cancellation of insurance reserve funds, ¥156 million in proceeds from the net decrease in time deposits, and ¥447 million in expenditure due to the net increase in guarantee deposits.」
In connection with the asset securitization policy, funds from investing activities shifted from an outflow in the previous year to funds generated of ¥328.915 million, due to the sale of investment securities, cancellation of insurance reserve funds and net decrease in time deposits. - FY2020-Q2AdvancedAnnual report
「Funds generated from investing activities amounted to ¥264 million, compared with ¥284 million used in the same quarter of the previous year. This was mainly attributable to ¥307 million in proceeds from the cancellation of insurance reserve funds, ¥154 million in proceeds from the net decrease in time deposits, and ¥183 million in expenditure due to the net increase in guarantee deposits.」
Due to the cancellation of insurance reserve funds and the net decrease in time deposits, cash flow from investing activities shifted from an outflow in the same period of the previous year to funds generated of ¥264.8 million. - FY2019First statedAnnual report
「We will promote the securitization of property, plant and equipment and investments and other assets to improve our financial strength.」
In addition to using funds raised through business operations and financial activities efficiently, the company has presented, for the first time as a standalone measure, the securitization of property, plant and equipment and investments and other assets to improve its financial strength.