Diversification of Financing Methods and Reduction of Interest-Bearing Debt
First written in FY2016. 10 of 30 entries say "Advanced", first in FY2017. Latest entry: FY2026-H1.
17 other companies' latest entry also says "Other".
- FY2026-H1Increase in Short-Term Borrowings and Reclassification of Long-Term Borrowings as Current LiabilitiesAnnual report
「At the end of the interim consolidated accounting period, current liabilities stood at ¥138.485 billion, a decrease of ¥584 million, or 0.4%, from the end of the previous consolidated fiscal year. The main factor was the difference between an increase in short-term borrowings and a decrease resulting from payments for seasonal funding, among other factors. Non-current liabilities stood at ¥101.736 billion, a decrease of ¥7.319 billion, or 6.7%, from the end of the previous consolidated fiscal year. The main factor was the decrease resulting from the reclassification of long-term borrowings to current liabilities, among others.」
Short-term borrowings increased, while non-current liabilities decreased due to the reclassification of long-term borrowings to current liabilities, among other factors. The disclosure describes continued use of funding sources and a change in the liability structure. - FY2025Increase in borrowings and continued use of funding sourcesAnnual report
「The equity ratio at the end of the consolidated fiscal year was 53.8%, 2.0 percentage points below the end of the previous consolidated fiscal year. The D/E ratio increased by 0.02 points from the end of the previous consolidated fiscal year to 0.28 times.」
The D/E ratio rose from 0.26 times to 0.28 times due to increases in long- and short-term borrowings. The policy of relying primarily on operating cash flow and internal funds, supplemented as necessary by borrowings and bond issuance, remains in place. - FY2025-H1Increase in short- and long-term borrowingsAnnual report
「At the end of the interim consolidated accounting period, current liabilities stood at ¥114.909 billion, an increase of ¥7.571 billion, or 7.1%, from the end of the previous consolidated fiscal year. The main factor was an increase in short-term borrowings, among others. Non-current liabilities stood at ¥126.494 billion, an increase of ¥14.219 billion, or 12.7%, from the end of the previous consolidated fiscal year. The main factor was an increase in long-term borrowings, among others.」
Short-term borrowings increased from the end of the previous fiscal year, while long-term borrowings also increased from ¥33.996 billion to ¥44.793 billion. Outstanding funding, including borrowings, expanded during the first half. - FY2024Increase in bonds and long-term borrowings and rise in D/E ratioAnnual report
「The main factors were the difference between decreases in income taxes payable and consumption taxes payable and increases in bonds and long-term borrowings.」
At the end of FY2024, bonds stood at ¥25 billion and long-term borrowings at ¥33.996 billion, while total liabilities increased by ¥10.484 billion from the end of the previous fiscal year. The D/E ratio also rose from 0.18 times to 0.26 times. - FY2024-Q3Increase in commercial paper and long-term borrowingsAnnual report
「The main factor was the difference between the issuance of commercial paper to fund seasonal needs and other payments and decreases in notes and accounts payable, income taxes payable and the provision for bonuses, among other items.」
At the end of the third quarter, commercial paper stood at ¥30 billion and long-term borrowings at ¥37.885 billion. Outstanding debt funding increased from the end of the previous fiscal year due to the issuance of commercial paper for seasonal funding needs and an increase in long-term borrowings. - FY2024-Q2RestatedAnnual report
「These funding needs will primarily be met through cash flow from operating activities and internal funds. Where necessary, we will raise funds through borrowings from financial institutions or bond issuance, within an appropriate range.」
The company reconfirmed its funding policy of relying primarily on operating cash flow and internal funds, supplemented as necessary by borrowings and bond issuance. - FY2024-Q1Commercial paper issuance and decrease in long-term borrowingsAnnual report
「Current liabilities stood at ¥121.849 billion, an increase of ¥4.988 billion, or 4.3%, from the end of the previous consolidated fiscal year. The main factor was the issuance of commercial paper to fund seasonal needs and other payments. Non-current liabilities stood at ¥90.285 billion, a decrease of ¥1.982 billion, or 2.1%, from the end of the previous consolidated fiscal year. The main factor was a decrease in long-term borrowings, among others.」
Commercial paper was issued to meet seasonal funding and other needs, increasing current liabilities by ¥4.988 billion, while non-current liabilities decreased by ¥1.982 billion due to a decrease in long-term borrowings. - FY2023Continued increase in long-term borrowings and policy of using funds for growth investmentAnnual report
「As a result of using free cash flow and long-term borrowings raised from financial institutions to fund financial outflows, including the repayment of short- and long-term borrowings and redemption of ordinary bonds, interest-bearing debt excluding lease liabilities stood at ¥49.226 billion at the end of the consolidated fiscal year, an increase of ¥3.539 billion from the end of the consolidated fiscal year, while the D/E ratio remained at 0.18 times, unchanged from the end of the previous consolidated fiscal year.」
Long-term borrowings were raised alongside bond redemptions and other transactions. Interest-bearing debt increased, while the D/E ratio remained at 0.18 times. The change in the funding mix is consistent with a capital policy of using debt for growth investment. - FY2023-Q3Increase in long-term borrowings and policy of using funds for growth investmentAnnual report
「While ensuring financial soundness and stability, we will actively use debt to fund growth investment and seek to reduce our cost of capital.」
In addition to the previous emphasis on reducing interest-bearing debt, the Medium-Term Management Plan 2026 sets out a capital policy of actively using debt to fund growth investment. Long-term borrowings at the end of the third quarter stood at ¥13.256 billion, an increase from the end of the previous fiscal year. - FY2023-Q2AdvancedAnnual report
「At the end of September, the company raised funds through a social loan to accelerate payments to partner companies.」
In addition to conventional borrowings, bonds and commercial paper, the company raised long-term funding through a social loan to accelerate payments to partner companies. - FY2023-Q1Issuance of commercial paper for seasonal funding needsAnnual report
「The main factor was the issuance of commercial paper to fund seasonal needs and other payments, among other factors.」
The company issued ¥20 billion of commercial paper to meet seasonal funding and other needs. Short-term borrowings decreased, while current liabilities increased by ¥14.749 billion from the end of the previous fiscal year. - FY2022AdvancedAnnual report
「As a result of using free cash flow to fund financial outflows, including the acquisition of treasury shares and repayment of long-term borrowings, interest-bearing debt excluding lease liabilities stood at ¥45.686 billion at the end of the consolidated fiscal year, down ¥1.382 billion from the end of the previous consolidated fiscal year. The D/E ratio improved by 0.01 to 0.19 times.」
The company used free cash flow to repay long-term borrowings and for other purposes, reducing interest-bearing debt by ¥1.382 billion from the end of the previous fiscal year. - FY2022-Q3Commercial paper issuance and decrease in long-term borrowingsAnnual report
「At the end of the third quarter of the consolidated fiscal year, current liabilities stood at ¥153.909 billion, an increase of ¥19.923 billion, or 14.9%, from the end of the previous consolidated fiscal year. The main factors were the issuance of commercial paper to fund seasonal needs and other payments and an increase in bonds due for redemption within one year, partly offset by a decrease in income taxes payable. Non-current liabilities stood at ¥73.916 billion, a decrease of ¥11.891 billion, or 13.9%, from the end of the previous consolidated fiscal year. The main factors were the reclassification to current liabilities of bonds due for redemption within one year and a decrease in long-term borrowings, among others.」
Commercial paper was issued for seasonal funding and other needs, increasing current liabilities by ¥19.923 billion, while non-current liabilities decreased by ¥11.891 billion due to the reclassification of bonds to current liabilities and a decrease in long-term borrowings. - FY2022-Q2Funding through commercial paper and increase in interest-bearing debtAnnual report
「The decrease in cash from financing activities during the six months ended the second quarter of the consolidated fiscal year was ¥7.311 billion. Compared with the same quarter of the previous year, cash outflows decreased by ¥11.479 billion, mainly because funding was raised through commercial paper, among other factors.」
The company issued ¥15 billion of commercial paper and repaid short-term and long-term borrowings, among other obligations. While diversification of funding sources continued, interest-bearing debt at the end of the first half increased to ¥54.530 billion. - FY2022-Q1Commercial paper issuance and decrease in borrowingsAnnual report
「Current liabilities stood at ¥148.627 billion, an increase of ¥14.640 billion, or 10.9%, from the end of the previous consolidated fiscal year. The main factor was the issuance of commercial paper to fund seasonal needs and other payments. Non-current liabilities stood at ¥85.703 billion, a decrease of ¥105 million, or 0.1%, from the end of the previous consolidated fiscal year. The main factor was a decrease in borrowings, among others.」
Commercial paper was issued to meet seasonal funding and other payment needs, increasing current liabilities by 10.9%, while non-current liabilities decreased slightly due to a decrease in borrowings. - FY2021Continued bond issuance and increase in interest-bearing debtAnnual report
「As a result of using free cash flow and ordinary bonds issued during the fiscal year as the main sources of funds to cover financial outflows, including the redemption of ordinary bonds, interest-bearing debt excluding lease liabilities stood at ¥47.068 billion at the end of the consolidated fiscal year, an increase of ¥5.166 billion from the end of the previous consolidated fiscal year. The D/E ratio remained at 0.20 times, unchanged from the end of the previous consolidated fiscal year.」
The company issued and redeemed ordinary bonds. Interest-bearing debt increased by ¥5.166 billion to ¥47.068 billion, while the D/E ratio remained at 0.20 times. - FY2021-Q3Increase in non-current liabilities from bond issuance and decrease in long-term borrowingsAnnual report
「At the end of the third quarter of the consolidated fiscal year, non-current liabilities stood at ¥87.127 billion, an increase of ¥11.947 billion, or 15.9%, from the end of the previous consolidated fiscal year. The main factor was the difference between the increase resulting from bond issuance and the decrease in long-term borrowings, among other factors.」
Non-current liabilities increased by ¥11.947 billion, or 15.9%, from the end of the previous fiscal year due to bond issuance, while long-term borrowings decreased. The disclosure presents both a change in funding sources and a reduction in interest-bearing debt. - FY2021-Q2AdvancedAnnual report
「The decrease in cash from financing activities during the six months ended the second quarter of the consolidated fiscal year was ¥18.790 billion. Compared with the same quarter of the previous year, cash outflows increased by ¥17.174 billion, mainly because domestic unsecured straight bonds were redeemed and no long-term borrowings were raised, among other factors.」
The company redeemed ¥10 billion of domestic unsecured straight bonds and did not raise long-term borrowings. The balance of long-term borrowings also decreased from ¥14.045 billion at the end of the previous fiscal year to ¥11.675 billion, indicating progress in reducing interest-bearing debt. - FY2021-Q1Increase in commercial paperAnnual report
「At the end of the first quarter of the consolidated fiscal year, current liabilities stood at ¥165.831 billion, an increase of ¥21.163 billion, or 14.6%, from the end of the previous consolidated fiscal year. The main factor was an increase in commercial paper to meet bonus payments, tax payments and other funding needs.」
Commercial paper increased to meet bonus payments, tax payments and other funding needs, raising current liabilities by ¥21.163 billion, or 14.6%, from the end of the previous fiscal year. Non-current liabilities decreased by ¥1.402 billion, mainly due to a decrease in borrowings. - FY2020Increase in interest-bearing debt, D/E ratio maintainedAnnual report
「As a result of funding the decline in free cash flow through long-term borrowings and other sources, interest-bearing debt excluding lease liabilities stood at ¥41.902 billion at the end of the consolidated fiscal year, an increase of ¥1.910 billion from the end of the previous consolidated fiscal year. The D/E ratio remained at 0.20 times, unchanged from the end of the previous consolidated fiscal year.」
Interest-bearing debt increased to ¥41.902 billion through the raising of long-term borrowings, while the D/E ratio remained at 0.20 times, unchanged from the end of the previous fiscal year. - FY2020-Q3Increase in long-term borrowings and short-term fundingAnnual report
「At the end of the third quarter of the consolidated fiscal year, current liabilities stood at ¥154.221 billion, an increase of ¥15.587 billion, or 11.2%, from the end of the previous consolidated fiscal year. The main factors were increases in commercial paper and bonds due for redemption within one year to meet bonus payments, tax payments and other funding needs, partly offset by a decrease in income taxes payable. Non-current liabilities stood at ¥74.331 billion, an increase of ¥1.808 billion, or 2.5%, from the end of the previous consolidated fiscal year. The main factors were an increase in long-term borrowings and lease liabilities resulting from the adoption of IFRS 16 Leases, partly offset by the decrease resulting from the reclassification to current liabilities of bonds due for redemption within one year.」
Commercial paper, bonds due for redemption within one year and long-term borrowings increased, raising current liabilities by ¥15.587 billion and non-current liabilities by ¥1.808 billion. This describes an increase in outstanding funding from the end of the previous fiscal year, when interest-bearing debt had been reduced. - FY2020-Q2Funding through long-term borrowingsAnnual report
「Compared with the same quarter of the previous year, cash outflows decreased by ¥1.1845 billion, mainly because no domestic unsecured straight bonds were redeemed and long-term borrowings were raised, among other factors.」
There was no redemption of domestic unsecured straight bonds, unlike in the same period of the previous year, and ¥9.6 billion was raised through long-term borrowings. As a result, cash outflows from financing activities decreased by ¥1.1845 billion year on year. - FY2019AdvancedAnnual report
「As a result of reducing interest-bearing debt, including the redemption of domestic unsecured straight bonds, using ample free cash flow as a source of funds, interest-bearing debt excluding lease liabilities stood at ¥39.991 billion at the end of the consolidated fiscal year, down ¥20.339 billion from the end of the previous consolidated fiscal year. The D/E ratio improved by 0.14 to 0.20 times.」
After redeeming ¥12 billion of domestic unsecured straight bonds and proceeding with repayments of long-term borrowings and other debt, interest-bearing debt decreased by ¥20.339 billion from the end of the previous fiscal year, and the D/E ratio was 0.20 times. - FY2019-Q3AdvancedAnnual report
「At the end of the third quarter of the consolidated fiscal year, non-current liabilities stood at ¥74.718 billion, a decrease of ¥5.006 billion, or 6.3%, from the end of the previous consolidated fiscal year. The main factor was a decrease in long-term borrowings, among others.」
Non-current liabilities decreased by ¥5.006 billion, or 6.3%, from the end of the previous fiscal year, due to a decrease in long-term borrowings, indicating progress in reducing interest-bearing debt. - FY2019-Q2AdvancedAnnual report
「Non-current liabilities stood at ¥76.034 billion, a decrease of ¥3.690 billion, or 4.6%, from the end of the previous consolidated fiscal year. The main factor was a decrease in long-term borrowings, among others. Compared with the same quarter of the previous year, cash outflows increased by ¥1.3058 billion, mainly because domestic unsecured straight bonds were redeemed, among other factors.」
Non-current liabilities decreased by ¥3.690 billion, or 4.6%, due to a decrease in long-term borrowings, and ¥12 billion of domestic unsecured straight bonds was also redeemed. The results show progress in reducing interest-bearing debt and a change in the funding mix. - FY2019-Q1AdvancedAnnual report
「At the end of the first quarter of the consolidated fiscal year, current liabilities stood at ¥160.156 billion, an increase of ¥20.084 billion, or 14.3%, from the end of the previous consolidated fiscal year. The main factor was an increase in commercial paper to meet bonus payments, tax payments and other funding needs. Non-current liabilities stood at ¥77.564 billion, a decrease of ¥2.160 billion, or 2.7%, from the end of the previous consolidated fiscal year. The main factor was a decrease in long-term borrowings, among others.」
Commercial paper increased to fund bonus payments and taxes, while long-term borrowings decreased, indicating a change in funding sources and progress in reducing interest-bearing debt. - FY2018AdvancedAnnual report
「At the end of the consolidated fiscal year, total liabilities stood at ¥219.816 billion, a decrease of ¥750 million from the end of the previous consolidated fiscal year. The main factors were the repayment of borrowings and a decrease in income taxes payable, among others.」
Liabilities decreased by ¥750 million from the end of the previous fiscal year, mainly due to the repayment of borrowings, and efforts to reduce interest-bearing debt are continuing. - FY2018-Q1AdvancedAnnual report
「Current liabilities were ¥136.087 billion, an increase of ¥8.583 billion, or 6.7%, from the end of the previous fiscal year. The main factor was an increase in commercial paper to fund bonuses, tax payments, and other needs. Non-current liabilities were ¥91.382 billion, a decrease of ¥1.679 billion, or 1.8%, from the end of the previous fiscal year. The main factor was a decrease in borrowings and other items.」
Commercial paper increased to fund bonuses and tax payments, while borrowings decreased. The company describes changes in the funding structure during the quarter from both perspectives: diversification of funding sources and reduction of borrowings. - FY2017AdvancedAnnual report
「Total liabilities at the end of the fiscal year were ¥220.566 billion, down ¥2.920 billion from the end of the previous fiscal year. The main factors were repayments of borrowings and a decrease in lease obligations.」
Liabilities decreased by ¥2.920 billion year on year due to repayments of borrowings and other factors, demonstrating the company's reduction of interest-bearing debt. - FY2016First statedAnnual report
「Regarding liabilities, the company is diversifying its funding sources, while recognizing the continued reduction of interest-bearing debt as a key issue, and is strongly advancing measures to achieve this goal.」
The company regards diversifying funding sources and reducing interest-bearing debt as key issues in reforming its financial structure.