Improving Capital Efficiency and Reducing Interest-Bearing Debt through Group Finance
First written in FY2019-Q2. 10 of 25 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-07-31.
The whole theme swung hardest in 2024: 3 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「Financing activities resulted primarily from a ¥3,027 million cash inflow from borrowings, partly offset by a ¥1,688 million cash outflow from dividend payments and a ¥279 million cash outflow from the acquisition of treasury shares.」
Borrowings increased from the end of the previous fiscal year, resulting in a ¥959 million increase in cash from financing activities. Although the policy of improving funding efficiency through group financing continues, the trend has reversed from reducing interest-bearing debt to increasing borrowings. - FY2026-H1WorsenedAnnual report
「Financing activities resulted primarily from a ¥5,392 million cash inflow from borrowings, partly offset by a ¥1,688 million cash outflow from dividend payments. Our group is also covering part of its funding needs through group financing as a measure to improve funding efficiency and reduce interest expense.」
The previous trend of reducing interest-bearing debt reversed, resulting in ¥5,392 million in funding from borrowings. Short-term borrowings increased from ¥991 million to ¥6,480 million, and total borrowings, including the current portion of long-term borrowings and long-term borrowings, also increased. - FY2025-H1AdvancedAnnual report
「Net cash used in financing activities consisted primarily of a ¥3,040 million outflow from debt repayments, a ¥1,412 million outflow from dividend payments and a ¥939 million outflow from the acquisition of treasury shares. Our group is working to reduce interest-bearing debt by covering part of its funding needs through group financing as a measure to improve funding efficiency and reduce interest expense.」
The cash outflow from financing activities due to debt repayments was ¥3,040 million, and short-term borrowings decreased from ¥4,296 million at the end of the previous consolidated fiscal year to ¥1,260 million. The reduction of interest-bearing debt advanced. - FY2024-Q3AdvancedAnnual report
「Short-term borrowings 7,258 6,166 Current portion of long-term borrowings 590 20 Long-term borrowings 87 546」
The total of short-term borrowings, the current portion of long-term borrowings and long-term borrowings decreased from ¥7,935 million at the end of the previous consolidated fiscal year to ¥6,732 million at the end of the third quarter, advancing the reduction of interest-bearing debt. - FY2024-Q2AdvancedAnnual report
「Our group is working to reduce interest-bearing debt by covering part of its funding needs through group financing as a measure to improve funding efficiency and reduce interest expense.」
Debt repayments reduced total borrowings from ¥7,935 million at the end of the previous consolidated fiscal year to ¥7,182 million at the end of the second quarter. The reduction of interest-bearing debt continued from the previous quarter. - FY2024-Q1AdvancedAnnual report
「Short-term borrowings 7,258 6,663 Current portion of long-term borrowings 590 112 Long-term borrowings 87 556」
From the end of the previous consolidated fiscal year, short-term borrowings decreased from ¥7,258 million to ¥6,663 million, while total borrowings, including the current portion of long-term borrowings, decreased from ¥7,935 million to ¥7,331 million. The reduction of interest-bearing debt was confirmed again. - FY2023WorsenedAnnual report
「Liabilities increased primarily because trade payables and short-term borrowings rose, resulting in a ¥4,729 million increase in current liabilities, equivalent to 13.2% of the balance at the end of the previous consolidated fiscal year.」
Short-term borrowings increased from ¥5,787 million at the end of the previous fiscal year to ¥7,258 million, marking a deterioration from the previous trend of reducing interest-bearing debt. The policy of improving funding efficiency through group financing remains in place. - FY2023-Q3Short-term borrowings declined from the previous quarter but increased from the end of the fiscal yearAnnual report
「Liabilities increased primarily because trade payables and short-term borrowings rose, resulting in a ¥9,463 million increase in current liabilities, equivalent to 26.4% of the balance at the end of the previous consolidated fiscal year.」
Short-term borrowings decreased from ¥10,440 million in the previous quarter to ¥8,394 million, but remained higher than the ¥5,787 million at the end of the previous consolidated fiscal year. The reduction of interest-bearing debt is not complete. - FY2023-Q2WorsenedAnnual report
「Liabilities increased primarily because trade payables and short-term borrowings rose, resulting in a ¥7,064 million increase in current liabilities, equivalent to 19.7% of the balance at the end of the previous consolidated fiscal year. Our group is working to reduce interest-bearing debt by covering part of its funding needs through group financing as a measure to improve funding efficiency and reduce interest expense.」
While continuing its policy of reducing interest-bearing debt, the company increased short-term borrowings from ¥5,787 million at the end of the previous fiscal year to ¥10,440 million, and current liabilities also increased by ¥7,064 million. - FY2023-Q1WorsenedAnnual report
「Liabilities increased primarily because trade payables and short-term borrowings rose, resulting in a ¥709.8 million increase in current liabilities, equivalent to 19.8% of the balance at the end of the previous consolidated fiscal year.」
Current liabilities increased by ¥7,098 million from the end of the previous fiscal year due to higher short-term borrowings, marking a deterioration from the previous trend of reducing interest-bearing debt. Short-term borrowings increased from ¥5,787 million to ¥9,553 million. - FY2022WorsenedAnnual report
「Liabilities increased primarily because trade payables and short-term borrowings rose, resulting in a ¥493.2 million increase in current liabilities, equivalent to 16.0% of the balance at the end of the previous consolidated fiscal year.」
The previous trend of reducing interest-bearing debt reversed, with short-term borrowings increasing from ¥3,680 million at the end of the previous fiscal year to ¥5,787 million. - FY2022-Q3WorsenedAnnual report
「Short-term borrowings 3,680 4,586」
In contrast to the reduction of interest-bearing debt through the end of the previous fiscal year, short-term borrowings increased from ¥3,680 million to ¥4,586 million. Long-term borrowings also increased from ¥540 million to ¥590 million. - FY2022-Q2AdvancedAnnual report
「The decline in cash flow from financing activities was mainly due to the repayment of short-term borrowings for working capital and the payment of dividends. As a measure to improve funding efficiency and reduce interest expense, the Group seeks to reduce interest-bearing debt by financing part of its funding needs through group financing.」
The company repaid short-term borrowings used for working capital, reducing them from ¥3,680 million at the end of the previous fiscal year to ¥2,770 million. The reduction of interest-bearing debt is progressing. - FY2022-Q1RestatedAnnual report
「Current liabilities increased because trade payables rose from the previous fiscal year due to strong business performance, while borrowings decreased in connection with lower cash on hand.」
Borrowings declined from the end of the previous fiscal year, and the reduction of interest-bearing debt remains ongoing. - FY2021-Q3AdvancedAnnual report
「In addition, short-term borrowings under current liabilities decreased from the end of the previous fiscal year due to debt repayments.」
Short-term borrowings decreased from ¥4,493 million at the end of the previous fiscal year to ¥2,786 million due to debt repayments, advancing the reduction of interest-bearing debt. - FY2021-Q1WorsenedAnnual report
「Among current liabilities, trade payables declined from the previous fiscal year due to weak business performance, while borrowings increased in connection with higher cash on hand.」
Although the reduction of interest-bearing debt had been reported previously, borrowings increased this quarter in connection with higher cash on hand. - FY2020-Q2AdvancedAnnual report
「The decline in cash flow from financing activities was mainly due to the repayment of short-term borrowings for working capital and the payment of dividends. As a measure to improve funding efficiency and reduce interest expense, the Group seeks to reduce interest-bearing debt by financing part of its funding needs through group financing.」
Repayment of short-term borrowings reduced short-term borrowings from ¥4.622 billion at the end of the previous fiscal year to ¥2.709 billion. The reduction of interest-bearing debt through group financing is progressing. - FY2020-Q1AdvancedAnnual report
「Short-term borrowings 4,622 3,800 Current portion of long-term borrowings 133 631 Long-term borrowings 522 14」
The combined total of short-term and long-term borrowings declined from the end of the previous fiscal year, with total interest-bearing debt, including amounts due within 1 year, falling from ¥5.277 billion to ¥4.445 billion. - FY2019RestatedAnnual report
「To improve funding efficiency and reduce interest expense, the Group finances part of its funding needs through group financing, resulting in a reduction in interest-bearing debt as of the end of the current consolidated fiscal year.」
The Group reconfirmed at the end of the full fiscal year its progress in improving funding efficiency and reducing interest expense through group financing, as well as reducing interest-bearing debt. - FY2019-Q3AdvancedAnnual report
「Current assets increased by ¥1.055 billion, or 1.9%, from the end of the previous fiscal year to ¥56.394 billion. This was mainly because trade receivables and inventories increased as business performed well, despite a decline in cash and deposits due to the repayment of borrowings and other factors. As a result, among current liabilities, borrowings declined from the end of the previous fiscal year, while trade payables increased.」
Repayment of borrowings reduced cash and deposits as well as borrowings, and the reduction in interest-bearing debt was also reflected in the financial position at the end of the third quarter. - FY2019-Q2First statedAnnual report
「To improve funding efficiency and reduce interest expense, the Group finances part of its funding needs through group financing, resulting in a reduction in interest-bearing debt as of the end of the second quarter of the current consolidated fiscal year.」
The Group finances part of its funding needs through group financing to improve funding efficiency and reduce interest expense, thereby reducing interest-bearing debt.