Securing Working Capital and Fundamentally Improving the Financial Position
First written in FY2024-Q1. 2 of 4 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-03-25.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- 2026-03-25AdvancedOccurring Fact
「① Type Long-term term loan ② Agreement date (Note) 25 March 2026 ③ Drawdown date 31 March 2026 ④ Maturity date 30 March 2029 ⑤ Amount ¥350 million ⑨ Use of funds Working capital」
A ¥350 million long-term term loan for working capital was newly established, moving the working-capital funding measure into the implementation stage. - FY2024-Q3RestatedAnnual report
「We are working to secure working capital through the recovery of security deposits and inventory reduction following the withdrawal from unprofitable stores in the mobile business, the transfer of shares in affiliated companies by our group, and the sale of investment property and other assets that do not affect our core business.」
The company continues to secure working capital through the withdrawal from unprofitable stores, the sale of shares in affiliated companies and investment property, and inventory reduction, while continuing discussions with financial institutions on contract renewals and financial support. - FY2024-Q2AdvancedAnnual report
「During the second quarter of the current consolidated fiscal year, we sold investment property as part of the sale of assets that do not affect our core business.」
The company sold investment property as a measure to secure working capital and recognized ¥281,676 thousand in proceeds from investing activities. Together with the recovery of ¥156,259 thousand in security deposits, measures to improve the financial base have entered the execution stage. - FY2024-Q1First statedAnnual report
「We are working to secure working capital by recovering security deposits and reducing inventories following the withdrawal from unprofitable stores in the mobile business, transferring shares in affiliated companies with limited synergy for our group, and selling assets that do not affect our core business. We are also considering funding from sources other than financial institutions as appropriate in order to fundamentally improve our financial position and restore the stability of our financial base.」
The company has newly systematized measures to improve its financial base, including securing working capital through the recovery of security deposits following the withdrawal from unprofitable stores, inventory reduction, and the sale of shares in affiliated companies and non-core assets, while also considering funding from sources other than financial institutions. Discussions are under way with financial institutions to maintain outstanding loan balances and renew contracts for one-year terms as early as possible.