Thorough Cost Reduction and Securing Cash Liquidity Amid COVID-19
First written in FY2020. 16 of 21 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-11-02.
The whole theme swung hardest in 2026: 7 of 51 companies on the "Worse" side.
25 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The balance of cash and cash equivalents at the end of the consolidated fiscal year increased by ¥261.1 billion from the end of the previous consolidated fiscal year to ¥1.0101 trillion.」
Cash and cash equivalents increased to ¥1.0101 trillion, and an undrawn ¥157 billion commitment line was also secured. The company is moving from liquidity for crisis response toward greater financial capacity to support growth investment. - FY2026-H1AdvancedAnnual report
「Regarding cash liquidity, in addition to holding ¥949.6 billion in cash and cash equivalents as of the end of the interim consolidated accounting period, we have secured an undrawn ¥150 billion commitment line.」
Cash liquidity consisted of ¥949.6 billion in cash and cash equivalents and an undrawn ¥150 billion commitment line, with the cash balance increasing from the end of the previous fiscal year. - FY2025AdvancedAnnual report
「The balance of cash and cash equivalents at the end of the consolidated fiscal year increased by ¥35.1 billion from the end of the previous consolidated fiscal year to ¥749 billion.」
Cash and cash equivalents increased to ¥749 billion. A ¥157 billion commitment line was also secured, maintaining cash liquidity. - FY2025-H1AdvancedAnnual report
「Regarding cash liquidity, in addition to holding ¥750.6 billion in cash and cash equivalents as of the end of the interim consolidated accounting period, we have secured an undrawn ¥150 billion commitment line.」
Cash and cash equivalents totaled ¥750.6 billion, and an undrawn ¥150 billion commitment line was secured. - FY2024Recovery in cash and deposits and reduction in the commitment lineAnnual report
「The balance of cash and cash equivalents at the end of the consolidated fiscal year increased by ¥74.6 billion from the end of the previous consolidated fiscal year to ¥713.8 billion.」
Cash and cash equivalents increased by ¥74.6 billion from the end of the previous fiscal year to ¥713.8 billion. Meanwhile, the undrawn amount under the commitment line agreement decreased to ¥158 billion. - FY2024-Q2AdvancedAnnual report
「Regarding cash liquidity, in addition to holding ¥743.5 billion in cash and cash equivalents as of the end of the second quarter, we have secured an undrawn ¥150 billion commitment line. The commitment line had been increased during the COVID-19 pandemic, but was reduced on 30 June in light of improvements in business performance and cash flow.」
Cash and cash equivalents increased from ¥716 billion at the end of the first quarter to ¥743.5 billion, and the undrawn ¥150 billion commitment line was maintained. - FY2024-Q1Increase in cash and deposits and reduction in the commitment lineAnnual report
「Regarding cash liquidity, in addition to holding ¥716 billion in cash and cash equivalents as of the end of the first quarter, we have secured an undrawn ¥150 billion commitment line. The commitment line had been increased during the COVID-19 pandemic, but was reduced on 30 June in light of improvements in business performance and cash flow.」
Cash and cash equivalents totaled ¥716 billion, and the undrawn commitment line was reduced to ¥150 billion in light of improvements in business performance and cash flow. - FY2023-Q3AdvancedAnnual report
「Regarding cash liquidity, in addition to holding ¥553 billion in cash and cash equivalents as of the end of December 2022, we have secured an undrawn ¥250 billion commitment line and are taking every possible measure. In light of the improvement in cash flow, we partially revised the commitment line agreements on 30 June 2022.」
Cash and cash equivalents at the end of December 2022 totaled ¥553 billion, and the undrawn ¥250 billion commitment line was maintained. - FY2023-Q2AdvancedAnnual report
「Regarding cash liquidity, in addition to holding ¥542.9 billion in cash and cash equivalents as of the end of September, we have secured an undrawn ¥250 billion commitment line and are taking every possible measure. In light of the improvement in cash flow, we partially revised the commitment line agreements on 30 June.」
Cash and cash equivalents increased from ¥494.2 billion at the end of March to ¥542.9 billion at the end of September, while an undrawn ¥250 billion commitment line was also secured. - FY2023-Q1Increase in cash and deposits and review of the commitment lineAnnual report
「Regarding cash liquidity, in addition to holding ¥530.3 billion in cash and deposits as of the end of June, we have secured an undrawn ¥250 billion commitment line and are taking every possible measure. In light of the improvement in cash flow, we partially revised the commitment line agreements on 30 June.」
Cash and deposits increased to ¥530.3 billion, while the undrawn commitment line decreased from the previous ¥300 billion to ¥250 billion, and some agreements were revised in light of the improvement in cash flow. - FY2022AdvancedAnnual report
「We raised ¥441.9 billion in debt, including ¥350 billion through hybrid financing. In addition, we have secured an undrawn ¥300 billion commitment line and are taking every possible measure to ensure cash liquidity.」
Raised ¥441.9 billion in debt, including hybrid financing, and secured an undrawn ¥300 billion commitment line. - FY2022-Q3RestatedAnnual report
「In addition, we have secured an undrawn ¥300 billion commitment line and are taking every possible measure to ensure cash liquidity.」
We continue to pursue a policy of maintaining cash liquidity by securing an undrawn ¥300 billion commitment line. - FY2022-Q2AdvancedAnnual report
「We have also secured ¥300.0 billion in undrawn commitment lines and taken every possible measure to preserve liquidity on hand.」
Secured an undrawn ¥300 billion commitment line, giving concrete form to the maintenance of cash liquidity. - FY2022-Q1AdvancedAnnual report
「Drawing on the strong financial position we have built over many years, our Group raised ¥30.0 billion through a straight bond issue in June and obtained an additional ¥24.4 billion in borrowings. We have also secured ¥657.0 billion in liquidity on hand, including ¥300.0 billion in undrawn commitment lines. Going forward, we will work to control monthly cash expenditures through thorough cost reductions and strict investment management, while making maximum use of our funding capacity underpinned by our sound financial position to ensure sufficient liquidity.」
We issued ¥30.0 billion in bonds and obtained ¥24.4 billion in borrowings, securing ¥657.0 billion in liquidity on hand, including ¥300.0 billion in undrawn commitment lines. - FY2021AdvancedAnnual report
「In response to the significant decline in revenue, we worked to control variable costs such as operating expenses through flexible capacity adjustments, while reducing fixed costs by approximately ¥135.0 billion versus the original assumptions, including by bringing outsourced operations in-house, controlling IT-related expenses, reducing executive compensation and cutting labor costs through lower employee bonuses.」
We reduced fixed costs by approximately ¥135.0 billion versus the original assumptions, borrowed ¥262.3 billion during the current consolidated fiscal year, and secured ¥300.0 billion in undrawn commitment lines and ¥708.3 billion in liquidity on hand. - FY2021-Q3AdvancedAnnual report
「In November, we added ¥100.0 billion to our commitment lines, securing ¥300.0 billion in undrawn commitment lines.」
We added ¥100.0 billion to our commitment lines, expanding undrawn facilities to a total of ¥300.0 billion. In addition, we reduced monthly cash expenditures to ¥15.0 billion or less in the third quarter, advancing liquidity preservation and cost reductions. - FY2021-Q2AdvancedAnnual report
「We have secured ¥200.0 billion in undrawn commitment lines and plan to add a further ¥100.0 billion, bringing the total to ¥300.0 billion. By thoroughly reducing costs and curbing investment, we reduced monthly cash expenditures, consisting of the sum of operating cash flow and debt repayments, from approximately ¥45.0–50.0 billion in the first quarter to ¥20.0 billion or less in the second quarter,」
In addition to approximately ¥300.0 billion in new borrowings, we indicated plans to expand commitment lines from ¥200.0 billion to a total of ¥300.0 billion. Monthly cash expenditures were also reduced from approximately ¥45.0–50.0 billion to ¥20.0 billion or less. - FY2021-Q1AdvancedAnnual report
「Our Group has raised funds by drawing on its strong financial position built over many years. Since February 2020, when the spread of COVID-19 became apparent, we have newly borrowed approximately ¥300.0 billion. We have also secured ¥200.0 billion in undrawn commitment lines. We have flexibly raised approximately ¥500.0 billion in total and secured the liquidity needed for the immediate future. In response to the sharp decline in demand, we have worked to control variable costs such as operating expenses through flexible capacity adjustments, while reducing fixed costs by bringing outsourced operations in-house, controlling IT-related expenses and reducing labor costs through lower bonuses.」
The policy of securing approximately ¥500.0 billion was given concrete form through approximately ¥300.0 billion in new borrowings and ¥200.0 billion in undrawn commitment lines. We also proceeded with capacity adjustments, insourcing operations, and reductions in IT expenses and labor costs. - FY2020First statedAnnual report
「Since February 2020, we have raised approximately ¥192.8 billion through bank borrowings, bond issuance and aircraft leases, and plan to borrow an additional ¥250.0 billion from domestic financial institutions and establish new commitment lines, including multi-year facilities. Together with the existing ¥50.0 billion commitment line, these measures will secure approximately ¥500.0 billion in funding,」
In addition to raising approximately ¥192.8 billion through borrowings, bonds and aircraft leases, we planned to raise a further ¥250.0 billion and proceeded to secure approximately ¥500.0 billion in funding, including existing facilities.