Growth and strategic investments funded by operating cash flow and interest-bearing debt reduction
First written in FY2018. 6 of 15 entries say "Advanced", first in FY2021-Q2. Latest entry: 2026-10-19.
- FY2026AdvancedAnnual report
「During the fiscal year, the company acquired 10,357,400 treasury shares for a total acquisition price of ¥14,999 million. Since treasury shares were cancelled on 27 February 2026, the total number of issued shares decreased by 10,357,400 to 305,208,916.」
The company acquired approximately ¥15 billion of treasury shares from July through December 2025 and cancelled 10,357,400 shares. - FY2025AdvancedAnnual report
「We expect to allocate approximately 80% to 90% of operating cash flow to capital expenditures for sustainable growth. Of this amount, approximately 70% will be allocated to growth investments in Japan and overseas, centered on commercial development, and approximately 30% to store safety and security investments, ESG investments, and human capital investments. … We expect to allocate 7% to 10% of operating cash flow to shareholder returns.」
The company newly disclosed plans to allocate 80% to 90% of operating cash flow to capital expenditures, including approximately 70% to growth investments in Japan and overseas, and 7% to 10% to shareholder returns. - FY2022-Q3AdvancedAnnual report
「In November, we formulated the Takashimaya Green Bond Framework, and in December issued the Takashimaya Group Green Bond, the Group's first ESG bond. The proceeds will be used to fund the development of Nihombashi 3-chome Square, undertaken by 東神開発.」
Capital raising progressed to the stage of formulating a green bond framework and issuing the first ESG bond, with the proceeds allocated to the development of Nihombashi 3-chome Square. - FY2021ReframedAnnual report
「With respect to investments, the department stores will restrain investment except where it is essential for safety and security or where profits can be reliably expected. Meanwhile, Group companies, led mainly by 東神開発, will actively promote investment in growth businesses, with approximately ¥140 billion expected to be invested cumulatively over 3 years. We will also maintain financial soundness by controlling interest-bearing debt at ¥240 billion or less and cash and deposits at ¥80 billion or more.」
Capital allocation has been restructured from the previous investment and interest-bearing debt targets to a plan that restrains department store investment and allocates approximately ¥140 billion cumulatively over 3 years to growth businesses, with management targets set for interest-bearing debt and cash and deposits. - FY2021-Q3AdvancedAnnual report
「Net cash provided by financing activities was ¥41,175 million, an increase of ¥57,319 million from the ¥16,143 million used in the same period of the previous year. The main factors included a ¥30,391 million increase in net proceeds from borrowings and a ¥19,000 million increase in the change in commercial paper.」
In connection with securing liquidity, the company reported ¥41,175 million in cash provided by financing activities, including funding through borrowings and commercial paper. - FY2021-Q2AdvancedAnnual report
「Net cash provided by financing activities was ¥31,679 million, an increase of ¥42,860 million from the ¥11,180 million used in the same period of the previous year. The main factors included a ¥35,534 million increase in proceeds from long-term borrowings and a ¥20,000 million increase in the change in commercial paper.」
In connection with securing liquidity during the crisis, financing through long-term borrowings and commercial paper is reflected in the results. - FY2021-Q1Emphasis on securing liquidity and diversifying funding sources in response to the crisisAnnual report
「With respect to financial stability, we will maintain stable operations by conducting flexible financing, supported by our efforts to maintain financial soundness to date, close relationships with financial institutions, and funding capacity underpinned by our social credibility, while ensuring sufficient liquidity on hand even in emergencies.」
The emphasis has shifted from statements on funding investments and reducing interest-bearing debt through operating cash flow to statements emphasizing flexible financing and liquidity on hand during a crisis. - FY2019-Q3Funding plans through the issuance of convertible bonds take shapeAnnual report
「The net proceeds from the issuance of these bonds with stock acquisition rights are planned to be used as follows: ① ¥40 billion for the redemption of the 2018-maturity euro-yen convertible bonds with stock acquisition rights that matured on 11 December 2018; ② approximately ¥10.8 billion by the end of February 2019 for capital expenditures associated with the opening of Nihombashi Takashimaya S.C., to further advance the Group's town development strategy in Japan and overseas; and ③ the remaining amount by the end of February 2020 for investment in the IT systems infrastructure required for business reform in connection with the Group Transformation Project.」
The company has made concrete its plan to use the 2028-maturity euro-yen convertible bonds with stock acquisition rights to fund the redemption of existing bonds, capital expenditures at Nihombashi Takashimaya S.C., and investment in its IT systems infrastructure. - FY2018First statedAnnual report
「We will make strategic investments in growth and strategic initiatives within the range of operating cash flow, including cash generated from asset sales. We will also reduce interest-bearing debt, with a target of ¥170.0 billion for FY2022.」
The company outlined a capital allocation policy of making growth and strategic investments within the range of operating cash flow and other sources of funds, while reducing interest-bearing debt to ¥170.0 billion in FY2022.