Strengthening the financial position by reducing surplus funds and interest-bearing debt
First written in FY2016. 19 of 34 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2027-H1.
56 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「The interest coverage ratio improved by 239.8 points from the same period of the previous year to 636.6 times, due to lower interest payments.」
The interest coverage ratio rose to 636.6 times due to lower interest payments, indicating continued improvement in the financial burden and financial capacity. - FY2026AdvancedAnnual report
「The interest coverage ratio (cash flow from operating activities ÷ interest paid) improved by 201.6 points year on year to 478.9 times, due to the increase in operating cash flow.」
Operating cash flow increased to ¥1,693.9 million, and the interest coverage ratio also improved from 277.3 times to 478.9 times. Financial capacity expanded while the balance of borrowings from financial institutions remained zero. - 2026-05-07MitigatedEarnings presentation
「Opening Harashin Muikamachi store Minamiuonuma, Niigata Prefecture Mar.2026」
The opening of the Harashin Muikamachi store in March 2026 was reported, partially reducing the execution risk of the delayed plan. - FY2025Continued decline in financial capacity indicatorsAnnual report
「The interest coverage ratio (cash flow from operating activities ÷ interest paid) fell by 158.5 points year on year to 277.3 times, due to the decrease in operating cash flow.」
While maintaining a zero balance of borrowings from financial institutions, the interest coverage ratio fell from 435.8 times to 277.3 times due to the decrease in operating cash flow. - FY2025-H1Decline in financial flexibility indicatorsAnnual report
「Although external financing for short-term working capital declined from the same period of the previous year, interest expense increased by ¥0 million year on year due to higher interest rates. … The interest coverage ratio fell by 280.6 points year on year to 228.3 times, due to the decrease in operating cash flow.」
Although external financing for short-term working capital declined, the interest coverage ratio fell to 228.3 times due to higher interest rates and lower operating cash flow. - FY2024Concurrent improvement in financial flexibility and short-term fundingAnnual report
「During the consolidated fiscal year, the company raised a cumulative ¥78.3 billion in short-term working capital from financial institutions and repaid a cumulative ¥78.3 billion.」
While maintaining a zero balance of borrowings from financial institutions, the company raised and repaid short-term working capital for capital investment and short-term settlement funding. The interest coverage ratio was 435.8 times due to an increase in operating cash flow. - FY2024-Q3Increased external funding for capital investmentsAnnual report
「Interest expense increased ¥0 million year on year as external funding of working capital for capital investment increased. … The interest coverage ratio improved 61.6 points year on year to 476.2 times due to an increase in operating cash flow.」
While external funding of working capital for capital investment increased, the interest coverage ratio improved to 476.2 times due to an increase in operating cash flow. - FY2024-Q2AdvancedAnnual report
「The interest coverage ratio improved 180.1 points year on year to 508.9 times due to an increase in operating cash flow.」
The interest coverage ratio improved to 508.9 times due to an increase in operating cash flow, indicating progress in improving financial flexibility. - FY2024-Q1AdvancedAnnual report
「The interest coverage ratio improved 29.3 points year on year to 380.4 times due to an increase in operating cash flow.」
Interest expense was approximately unchanged from the same period of the previous year as a result of reducing interest-bearing debt, but the interest coverage ratio improved to 380.4 times due to an increase in operating cash flow. - FY2023AdvancedAnnual report
「Cash provided by operating activities amounted to ¥12.594 billion, up ¥3.165 billion year on year, a 33.6% increase.」
Operating cash flow increased to ¥12.594 billion, up 33.6% year on year. Interest expense was ¥48 million and the interest coverage ratio was 314.7 times as a result of reducing interest-bearing debt. - FY2023-Q3AdvancedAnnual report
「Interest expense decreased ¥2 million year on year as the company worked to use funds efficiently and reduce interest-bearing debt. … The interest coverage ratio improved 126.8 points year on year to 414.6 times, partly due to an increase in operating cash flow.」
Interest expense decreased ¥2 million year on year as a result of reducing interest-bearing debt, and the interest coverage ratio increased to 414.6 times. The financial burden eased and financial flexibility improved. - FY2023-Q2AdvancedAnnual report
「Interest expense decreased ¥2 million year on year as the company worked to use funds efficiently and reduce interest-bearing debt. … The interest coverage ratio improved 102.7 points year on year to 328.8 times due to an increase in operating cash flow.」
Interest expense decreased ¥2 million year on year as a result of reducing interest-bearing debt, and the interest coverage ratio improved 102.7 points year on year to 328.8 times. - FY2023-Q1AdvancedAnnual report
「Interest expense decreased ¥1 million year on year as the company worked to use funds efficiently and reduce interest-bearing debt. As a result, non-operating expenses decreased 43.6% to ¥12 million, while the interest coverage ratio improved 172.2 points year on year to 351.1 times due to an increase in operating cash flow.」
Interest expense decreased as a result of reducing interest-bearing debt; non-operating expenses amounted to ¥12 million and the interest coverage ratio was 351.1 times. - FY2022-Q3Concurrent decline in interest expense and contract cancellation loss and deterioration in indicatorsAnnual report
「Interest expense decreased 9.5% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. However, the recognition of a ¥24 million contract cancellation loss caused total non-operating expenses to increase 44.5% to ¥63 million, with non-operating expenses equal to 0.0% of net sales. The interest coverage ratio decreased 112.3 points year on year to 287.8 times due to a decline in operating cash flow.」
Interest expense decreased as a result of reducing interest-bearing debt, while non-operating expenses increased due to a contract cancellation loss and the interest coverage ratio declined year on year because of lower operating cash flow. - FY2022-Q2Concurrent reduction in the financial burden and decline in indicatorsAnnual report
「Interest expense decreased 10.6% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. However, the recognition of an ¥8 million contract cancellation loss caused total non-operating expenses to increase 16.2% to ¥34 million, with non-operating expenses equal to 0.0% of net sales. The interest coverage ratio decreased 116.8 points year on year to 226.1 times due to a decline in operating cash flow.」
Interest expense decreased 10.6% year on year as a result of reducing interest-bearing debt, while non-operating expenses increased due to a contract cancellation loss and the interest coverage ratio declined to 226.1 times because of lower operating cash flow. - FY2022-Q1Concurrent reduction in the financial burden and decline in indicatorsAnnual report
「Interest expense decreased 13.2% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. However, the recognition of an ¥8 million contract cancellation loss caused total non-operating expenses to increase 39.2% to ¥21 million. The interest coverage ratio decreased 213.6 points year on year to 178.9 times due to a decline in operating cash flow.」
Interest expense decreased 13.2% as a result of reducing interest-bearing debt, while the interest coverage ratio declined to 178.9 times due to a decrease in operating cash flow. The reduced financial burden coincided with weaker cash-generation capacity. - FY2021AdvancedAnnual report
「At the end of the current consolidated fiscal year, there were no short-term or long-term borrowings from financial institutions outstanding, including amounts due for repayment within 1 year.」
The balances of short- and long-term borrowings from external financial institutions fell to zero, while interest expense decreased 17.1% and the interest coverage ratio improved to 316.2 times. - FY2021-Q2AdvancedAnnual report
「Interest expense decreased as a result of reducing interest-bearing debt through more efficient use of funds. Consequently, total non-operating expenses decreased 22.7% year on year to ¥29 million. The interest coverage ratio improved by 166.0 points year on year to 342.9x, also reflecting higher operating cash flow.」
Interest expense decreased to ¥29 million as a result of reducing interest-bearing debt, and the interest coverage ratio improved to 342.9 times. Operating cash flow also amounted to ¥8.287 billion, indicating a reduced financial burden. - FY2021-Q1AdvancedAnnual report
「Interest expense decreased 13.3% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. As a result, total non-operating expenses decreased 27.8% to ¥15 million. The interest coverage ratio improved 128.2 points year on year to 392.5 times, partly due to an increase in operating cash flow.」
Interest expense decreased to ¥15 million as a result of reducing interest-bearing debt, and the interest coverage ratio improved significantly to 392.5 times. - FY2020-Q3AdvancedAnnual report
「Interest expense decreased 12.6% year on year to ¥55 million as the company worked to use funds efficiently and reduce interest-bearing debt. The interest coverage ratio improved 25.6 points year on year to 222.2 times.」
Interest expense decreased 12.6% year on year as a result of reducing interest-bearing debt, and the interest coverage ratio improved to 222.2 times. Although short-term borrowing was used to fund working capital, the financial burden continued to ease. - FY2020-Q2AdvancedAnnual report
「Interest expense decreased as a result of reducing interest-bearing debt through more efficient use of funds. Consequently, total non-operating expenses decreased 13.2% year on year to ¥38 million. The interest coverage ratio improved by 1.2 points year on year to 176.9x.」
Interest expense decreased 13.2% year on year as a result of reducing interest-bearing debt, and the interest coverage ratio improved to 176.9 times. Both short-term and long-term interest-bearing debt decreased from the end of the previous fiscal year. - FY2020-Q1Continued increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Current liabilities amounted to ¥28.408 billion, up ¥1.343 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase in unsettled operating liabilities resulting from the day of the week on which the quarterly reporting date fell, and an increase in short-term interest-bearing debt resulting from the procurement of working capital. Non-current liabilities amounted to ¥14.252 billion, down ¥74 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term interest-bearing debt.」
Short-term borrowings of ¥1.2 billion arose through the procurement of working capital, while long-term interest-bearing debt decreased. The company continues to combine interest-bearing debt reduction with short-term funding. - FY2019AdvancedAnnual report
「Interest expense decreased 12.2% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. As a result, total non-operating expenses decreased 11.1% to ¥81 million.」
Interest expense decreased 12.2% as a result of reducing interest-bearing debt. Short-term borrowings had a zero balance at the end of the period, while long-term borrowings amounted to ¥434 million, indicating further progress in reducing liabilities. - FY2019-Q3Concurrent liability reduction and working-capital fundingAnnual report
「To use internal funds effectively, the group operates a cash management system led by the corporate entity not attributable to a reportable segment, namely the holding company, which centralises surplus funds from group companies and reallocates them where needed. Interest expense decreased 11.8% year on year as the company worked to use funds efficiently and reduce interest-bearing debt.」
The company continued using its cash management system; while repayments of long-term borrowings progressed and interest expense fell 11.8%, short-term borrowings increased ¥3.8 billion through the procurement of working capital. - FY2019-Q2Explicit disclosure of the use of a cash management systemAnnual report
「To use internal funds effectively, the group operates a cash management system led by the corporate entity not attributable to a reportable segment, namely the holding company, which centralises surplus funds from group companies and reallocates them where needed.」
The company disclosed its use of a cash management system under which the holding company centralises surplus funds from group companies and reallocates them to areas where needed. It combines increased short-term borrowing with reduced long-term interest-bearing debt. - FY2019-Q1Concurrent increase in short-term borrowings and reduction in long-term liabilitiesAnnual report
「Interest expense decreased 14.0% year on year as the company worked to use funds efficiently and reduce interest-bearing debt. This was mainly due to an increase in short-term interest-bearing debt resulting from the procurement of working capital.」
Interest expense decreased 14.0% year on year as a result of reducing interest-bearing debt, while short-term interest-bearing debt increased through the procurement of working capital. The company is continuing to combine liability reduction with funding through short-term borrowing. - FY2018-Q3AdvancedAnnual report
「Fixed liabilities were ¥14.734 billion, down ¥1.346 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term interest-bearing debt.」
Non-current liabilities decreased ¥1.346 billion from the end of the previous consolidated fiscal year due to a decrease in long-term interest-bearing debt, indicating progress in reducing liabilities. - FY2018-Q2AdvancedAnnual report
「Fixed liabilities were ¥15.105 billion, down ¥976 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term interest-bearing debt.」
Non-current liabilities decreased ¥976 million from the end of the previous consolidated fiscal year due to a decrease in long-term interest-bearing debt, indicating progress in reducing liabilities. - FY2018-Q1AdvancedAnnual report
「Current liabilities amounted to ¥28.652 billion, down ¥1.109 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in short-term interest-bearing debt.」
Current liabilities decreased ¥1.109 billion from the end of the previous fiscal year due to a decrease in short-term interest-bearing debt, indicating progress in reducing liabilities. - FY2017AdvancedAnnual report
「Non-operating expenses decreased 25.1% year on year to ¥115 million, mainly because interest expense fell 18.2% following efforts to use funds efficiently, reduce interest-bearing debt and benefit from lower interest rates.」
Interest expense fell 18.2% year on year as a result of reducing interest-bearing debt, while non-current liabilities also decreased ¥1.775 billion from the end of the previous fiscal year. - FY2017-Q3AdvancedAnnual report
「Fixed liabilities were ¥16.994 billion, down ¥861 million from the end of the previous consolidated fiscal year. This was mainly due to the repayment of interest-bearing debt.」
Repayment of interest-bearing debt reduced non-current liabilities by ¥861 million from the end of the previous consolidated fiscal year. At the same time, the company also disclosed procurement of working capital, indicating that it is using both debt repayment and funding. - FY2017-Q2RestatedAnnual report
「Cash used in financing activities amounted to ¥1.592 billion, down ¥1.834 billion from the same period of the previous year, a 53.5% decrease. This was mainly due to the procurement of working capital.」
The company continues to manage its finances by repaying interest-bearing debt while also procuring working capital. - FY2017-Q1Borrowing for funding also disclosedAnnual report
「Cash used in financing activities amounted to ¥158 million, down ¥1.842 billion from the same period of the previous year, a 92.1% decrease. This was mainly due to the procurement of working capital.」
In addition to its previous record of reducing interest-bearing debt, the company disclosed procurement of working capital during the quarter, with long-term borrowings increasing from ¥3.418 billion to ¥4.909 billion. - FY2016First statedAnnual report
「By improving the accuracy of cash-flow management and working to use funds effectively, the company’s net cash outflow from repayments and other payments relating to total interest-bearing debt was ¥3.904 billion.」
The company is reducing surplus funds, optimising net financial income and expenses, securing liquidity on hand, and reducing interest-bearing debt.