Strengthening the Financial Base Through Refinancing and Borrowing
First written in FY2021. 2 of 10 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026-H1.
5 other companies' latest entry also says "Other".
- FY2026-H1Execution of a borrowing agreement with financial covenantsAnnual report
「The company entered into a loan agreement with financial covenants. / 株式会社みずほ銀行 / 22 December 2025 / ¥1,100 million / 30 November 2030 / Unsecured / Yes」
On 22 December 2025, the company entered into a borrowing agreement with financial covenants for ¥1,100 million and disclosed a repayment due date of 30 November 2030. It also recorded long-term borrowings of ¥1,687 million, repayments of long-term borrowings of ¥1,087 million and repayments of lease liabilities of ¥967 million. - FY2025Expansion in the scale of borrowings and repaymentsAnnual report
「This was due to proceeds of ¥2,430 million from long-term borrowings, offset by repayments of long-term borrowings of ¥1,881 million, repayments of lease liabilities of ¥1,766 million and dividend payments of ¥397 million, among other factors reducing cash.」
The financing structure continued to involve both long-term borrowings and repayments of long-term borrowings and lease liabilities, while the amounts borrowed and repaid also increased. - FY2024-Q2Continued increase in and repayment of long-term borrowingsAnnual report
「Cash decreased by ¥1,577 million through financing activities, compared with a decrease of ¥1,095 million in the same period of the previous year. This was mainly due to proceeds of ¥1,500 million from long-term borrowings, compared with none in the same period of the previous year, offset by repayments of long-term borrowings of ¥844 million, repayments of lease liabilities of ¥807 million, dividend payments of ¥422 million and expenditures of ¥884 million for the acquisition of treasury shares, among other factors reducing cash.」
While taking out ¥1,500 million in long-term borrowings, the company repaid ¥844 million of long-term borrowings and ¥807 million of lease liabilities. The financing structure involving borrowings and repayments concurrently continued during the cumulative second quarter period. - FY2024-Q1Increase in long-term borrowings alongside repaymentsAnnual report
「Cash decreased by ¥484 million through financing activities, compared with a decrease of ¥71 million in the same period of the previous year. This was mainly due to proceeds of ¥1,500 million from long-term borrowings, compared with none in the same period of the previous year, offset by repayments of long-term borrowings of ¥166 million, repayments of lease liabilities of ¥392 million, dividend payments of ¥422 million and expenditures of ¥884 million for the acquisition of treasury shares, among other factors reducing cash.」
During the first quarter, the company took out ¥1,500 million in long-term borrowings while repaying ¥166 million of long-term borrowings and ¥392 million of lease liabilities. Borrowings and repayments continued from the previous fiscal year, and were recorded at larger amounts. - FY2023Long-Term Borrowings and Repayments Both RecordedAnnual report
「This was mainly due to factors reducing cash, including proceeds of ¥103 million from a net increase in short-term borrowings, a decrease of ¥97 million year on year, and proceeds of ¥1,000 million from long-term borrowings, an increase of ¥116 million year on year, offset by repayments of long-term borrowings of ¥870 million, repayments of lease liabilities of ¥1,444 million and an increase of ¥421 million in dividend payments, among other factors.」
The company continues to borrow on both a short-term and long-term basis while repaying long-term borrowings and lease liabilities. - FY2023-Q3Continued increase in short-term borrowings and repayment of long-term borrowingsAnnual report
「This was mainly due to factors reducing cash, including a net increase of ¥202 million in short-term borrowings, compared with none in the same period of the previous year, repayments of long-term borrowings of ¥486 million, an increase of ¥135 million year on year, repayments of lease liabilities of ¥1,070 million, an increase of ¥299 million year on year, and an increase of ¥421 million in dividend payments, compared with none in the same period of the previous year.」
While short-term borrowings increased by a net ¥202 million, ¥486 million of long-term borrowings was repaid. As in the previous quarter, the borrowing mix changed as short-term borrowings increased and long-term borrowings were repaid. - FY2023-Q2Reconfiguration of the borrowing mixAnnual report
「This was mainly due to factors reducing cash, including a net increase of ¥434 million in short-term borrowings, compared with none in the same period of the previous year, repayments of long-term borrowings of ¥421 million, an increase of ¥85 million year on year, repayments of lease liabilities of ¥716 million, an increase of ¥208 million year on year, and dividend payments of ¥421 million, compared with none in the same period of the previous year.」
Short-term borrowings increased while long-term borrowings and lease liabilities were repaid, changing the composition of financing activities. The text does not conclude that the financial base was strengthened. - FY2022AdvancedAnnual report
「In addition, in August 2022 the company raised ¥1,084 million to fund the acquisition of shares in 株式会社BELLTREE and 株式会社KESHIKI, which had been franchisee companies, including funds for repaying existing borrowings and working capital. The company manages borrowing levels using net leverage, and although it recognizes current borrowing levels as being within an appropriate range, it will strengthen its financial base to ensure stable business operations over the medium to long term.」
The annual report confirmed the raising of ¥1,084 million related to the acquisitions of BELLTREE and KESHIKI and explicitly stated that borrowing levels are managed using net leverage. - FY2022-Q3AdvancedAnnual report
「At a meeting of its board of directors held on 17 August 2022, the company resolved to enter into a syndicated loan agreement arranged by 株式会社三菱UFJ銀行 to raise funds for the acquisition by its consolidated subsidiary B-first株式会社 of shares in 株式会社BELLTREE and 株式会社KESHIKI, which are franchisees of the Group, and executed the agreement on 26 August 2022.」
The company arranged a ¥200 million commitment line and term loans of ¥605 million and ¥279 million to fund the acquisitions of BELLTREE and KESHIKI. - FY2021First statedAnnual report
「To further strengthen its financial base and improve cash flow, the Group raised ¥5,890 million in October 2020 through the refinancing of existing borrowings. It also borrowed ¥690 million in the fiscal year ending October 2020 in preparation for the spread of COVID-19.」
For medium- to long-term business continuity, the company describes refinancing and borrowings related to the pandemic as financial measures.