Securing Additional Investment Funds Through Asset Sales and Borrowing Without Relying on Equity
First written in FY2019-Q2. 11 of 18 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「In addition, on 30 June 2026, we sold part of the land and buildings in the Shinkiba area, thereby improving asset efficiency through the effective use of management resources and strengthening our financial position. As a result of the transfer of these fixed assets, a gain on sale of fixed assets of ¥4,277.253 million was recorded as extraordinary income for the current interim consolidated accounting period.」
As a means of securing funds and improving the financial position without relying on equity financing, the sale of part of the land and buildings in the Shinkiba area was completed on 30 June 2026, and a gain on sale of fixed assets of ¥4,277.253 million was recorded. The sale proceeds were also used to repay borrowings. - FY2026-H1RestatedAnnual report
「The Group will take the following measures to resolve the situation. 1) Promoting the development of a recycling-oriented society 2) Safety initiatives 3) Improving employee motivation and capabilities and reforming work practices 4) Improving productivity and the earnings structure 5) Securing and developing personnel engaged in research and development」
As measures addressing significant events related to the going-concern assumption, 5 initiatives and measures to improve cash flow and strengthen the financial position through cooperation with business partners and financial institutions continue to be indicated. - FY2024-Q3RestatedAnnual report
「The Group will take the following measures to resolve the situation. 1) Promoting the development of a recycling-oriented society 2) Safety initiatives 3) Improving employee motivation and capabilities and reforming work practices 4) Improving productivity and the earnings structure 5) Securing and developing personnel engaged in research and development」
As measures addressing significant events related to the going-concern assumption, 5 initiatives and financial improvement measures through cooperation with business partners and financial institutions continue to be indicated. - FY2023-Q1RestatedAnnual report
「1) In addition to further promoting sales of PB for raised-floor applications, we are expanding our sales and development teams and strengthening their activities to introduce the structural PB product “壁武者” and PB for flooring applications into the market, with the aim of increasing sales.」
Measures to promote sales of PB for raised-floor applications, expand the market through “壁武者” and PB for flooring applications, and increase and strengthen the sales and development teams remain in place. - FY2022RestatedAnnual report
「In addition to implementing these proprietary measures, we will strengthen close relationships with our business partners and establish cooperative arrangements as necessary, thereby working to improve cash flow, strengthen our financial position, and resolve and improve the situation.」
As measures following the securing of funds through asset sales and borrowings, a policy of pursuing cooperation with business partners, improving cash flow and strengthening the financial position continues to be indicated. - FY2022-Q3RestatedAnnual report
「In addition to implementing these proprietary measures, we will deepen close relationships with our business partners and establish cooperative arrangements as necessary, thereby working to improve cash flow, strengthen our financial position, and resolve and improve the situation.」
Measures to expand the market and reduce manufacturing costs, as well as improve cash flow and strengthen the financial position through cooperation with business partners, remain in place. - FY2022-Q2RestatedAnnual report
「1) In addition to further promoting sales of PB for raised-floor applications, we are expanding our sales and development teams and strengthening their activities to introduce the structural PB product “壁武者” and PB for flooring applications into the market, with the aim of increasing sales.」
Measures to promote sales of PB for raised-floor applications, expand the market through “壁武者” and PB for flooring applications, and increase and strengthen the sales and development teams remain in place. - FY2021RestatedAnnual report
「In addition to implementing these proprietary measures, we will strengthen close relationships with our business partners and establish cooperative arrangements as necessary, thereby working to improve cash flow, strengthen our financial position, and resolve and improve the situation.」
Measures combining market expansion, manufacturing cost reductions, cooperation with business partners, cash flow improvement and financial position strengthening remain in place. - FY2021-Q3RestatedAnnual report
「1) In addition to further promoting sales of PB for raised-floor applications, we are expanding our sales and development teams and strengthening their activities to enter other markets, including the structural PB product “壁武者” and PB for flooring applications, with the aim of increasing sales.」
Measures to promote sales of PB for raised-floor applications, expand the market through “壁武者” and PB for flooring applications, and increase and strengthen the sales and development teams remain in place. - FY2021-Q2RestatedAnnual report
「In addition to implementing these measures developed independently by the Company, we will seek to improve cash flow and strengthen our financial position by deepening close relationships with our various business partners and establishing cooperative arrangements as necessary, thereby working to resolve and improve the situation. As funding will be required to cover the shortfall from the sales plan, we are also continuing discussions with our financial institutions and others regarding additional financing and the stabilisation of cash management.」
The policy of continuing to pursue cooperation with business partners, improve cash flow, strengthen the financial position, secure additional funding and hold discussions with financial institutions has been reaffirmed. - FY2020AdvancedAnnual report
「The Group entered into an agreement on 13 March 2020 to transfer the land at its factory site in Shinkiba, Koto-ku, Tokyo, and completed the handover on 27 March of the same year. As a result of the transfer of the fixed asset, the Group recorded a gain on sale of fixed assets of ¥5,464 million as an extraordinary gain in the current consolidated fiscal year.」
As a funding measure not dependent on equity financing, the sale of the land at the Shinkiba factory site was completed from contract execution through handover. The Group recorded a gain on sale of fixed assets of ¥5,464 million, which was also applied to the repayment of borrowings, while discussions on additional financing and cash management continue. - FY2020-Q3RestatedAnnual report
「To resolve this situation, in line with the management plan for the fiscal year ending March 2020, we will further promote sales of the flooring particleboard in which we specialise, while strengthening sales activities to capture market share and increase sales of the new structural particleboard product, "Kabe Musha," and other products.」
Sales promotion for flooring particleboard, efforts to capture market share for "Kabe Musha" and other products, and strengthened sales activities to increase revenue continue. - FY2020-Q2AdvancedAnnual report
「In addition, because funding is needed to cover the shortfall against the sales plan caused by the delay in the full-scale operation of the Sakura Plant, the company is strengthening its sales activities to increase revenue and is holding discussions with its relationship banks and other parties regarding additional financing and measures to stabilize its cash flow.」
In addition to the previous measures to secure funding through asset sales and borrowings, discussions with the financial institutions with which the Company does business and others are under way regarding additional financing and stabilising cash management. The Company also recorded ¥300 million in proceeds from long-term borrowings in the current quarter. - FY2019AdvancedAnnual report
「The sale of fixed assets completed at the end of the current fiscal year generated an extraordinary gain of ¥3,199.900 million,」
As a measure to secure funding for additional investment to support stable production at the Sakura Plant, the Company sold fixed assets at the end of the current fiscal year and recorded an extraordinary gain of ¥3,199.900 million. Proceeds of ¥1,673.132 million from long-term borrowings were also disclosed. - FY2019-Q3RestatedAnnual report
「We have completed arrangements for an asset sale scheme that does not rely on equity financing in order to secure the additional capital investment and necessary funds for stable production. We plan to implement it during the current consolidated fiscal year together with financing through borrowings, and have determined that there is no immediate concern regarding business continuity and that no significant uncertainty exists regarding the going-concern assumption.」
The plan to secure funding for additional investment through asset sales without relying on equity financing, together with borrowings, during the current consolidated fiscal year has been reiterated. The disclosure does not state that implementation has been completed. - FY2019-Q2First statedAnnual report
「Although the primary cause was the failure to meet the production plan at the Sakura Plant, we have completed arrangements for an asset sale scheme that does not rely on equity financing in order to secure the additional capital investment and necessary funds for stable production. We plan to implement this scheme during the current consolidated accounting period together with financing through borrowings, and have determined that there is no immediate concern regarding business continuity and that no significant uncertainty exists regarding the going-concern assumption.」
As a response to the Sakura Plant's failure to meet its production plan, the Company has arranged an asset sale scheme that does not rely on equity financing, together with funding through borrowings, and plans to implement it during the current consolidated accounting period.