Funding through the refinancing of long-term borrowings and other debt

「This was mainly due to ¥230 million in payments for the repayment of long-term borrowings and ¥99 million in dividend payments to shareholders, among other factors.」

「Cash used in financing activities amounted to ¥655 million (compared with ¥700 million used in the same period of the previous year). This was mainly due to ¥460 million in payments for the repayment of long-term borrowings.」

「The Company successfully completed the refinancing of ¥12.1 billion in long-term borrowings and other debt in March 2025, and has no difficulty securing the working capital required for business operations for the time being.」

「Cash used in financing activities amounted to ¥375 million (compared with ¥360 million used in the same period of the previous year). This was mainly due to ¥224 million in payments for the repayment of long-term borrowings and ¥99 million in dividend payments to shareholders, among other factors.」

「The Company reached an outlook for refinancing ¥1,000 million in short-term borrowings as long-term borrowings with a lump-sum repayment at the end of March 2025, and implemented the refinancing in October 2023. It therefore believes that there are no longer any concerns regarding funding for the time being.」

「In October 2022, the Company refinanced part of the short-term borrowings raised in October 2020 by changing them to long-term borrowings maturing in March 2025, and believes there are no concerns regarding funding for the time being.」

「Cash used in financing activities amounted to ¥400 million (compared with ¥608 million provided in the same period of the previous year). This was mainly due to ¥224 million in payments for the repayment of long-term borrowings, among other factors.」

「As a response to COVID-19, the Company refinanced ¥3,000 million in short-term borrowings with its 3 main lending financial institutions during the fiscal year to stabilize funding and secure ample working capital in preparation for a prolonged impact.」

「Cash provided by financing activities amounted to ¥608 million (compared with ¥470 million used in the same period of the previous year). This was mainly because, although there were ¥224 million in payments for the repayment of long-term borrowings, the Company raised ¥995 million through a capital increase, among other factors.」

「Liabilities increased by ¥61 million from the end of the previous fiscal year to ¥16,380 million. This was mainly because, although liabilities decreased by ¥2,548 million due to the refinancing of long-term borrowings and other debt at maturity, they increased by ¥3,000 million due to new short-term borrowings, among other factors.」

「In addition, regarding the syndicated loan maturing in March 2021, the Company is coordinating with its principal financial institutions, entered into individual commitment agreements for a portion of the borrowings with the financial institutions participating in the syndicated loan at the end of March 2020, and plans to enter into loan agreements with its 3 main banks for the remaining amount at the end of March 2021, when it matures.」

「At the end of the second-quarter reporting period, the Company was in breach of the financial covenants relating to the ¥11,234 million syndicated loan (as of the end of September 2020), but there are no matters of concern because it has reached a substantive agreement on refinancing with its lending financial institutions, as described below.」

「In addition, the Company will steadily refinance the syndicated loan of ¥11,508 million maturing in March 2021 (as of the end of June 2020), in cooperation with its principal financial institutions. It entered into individual commitment agreements for a portion of the borrowings with the financial institutions participating in the syndicated loan at the end of March 2020, and plans to enter into loan agreements with its 3 main banks for the remaining amount at the end of March 2021, when it matures.」

「In addition, the Company will steadily refinance the syndicated loan maturing in March 2021. By entering into individual commitment agreements for a portion of the borrowings with the financial institutions participating in the syndicated loan at the end of March 2020, the substantive refinancing has already been completed. The Company plans to enter into loan agreements with its 3 main banks for the remaining amount at the end of March 2021, when it matures. This was because, although repayments of long-term borrowings and other debt amounted to ¥624 million, proceeds from the issuance of bonds amounted to ¥2,000 million.」

「Cash used in financing activities amounted to ¥424 million (a decrease of ¥83 million in cash used from the same period of the previous year). This was mainly due to ¥334 million in payments for the repayment of long-term borrowings, among other factors.」

「The Company formulated a three-year medium-term management plan beginning with the fiscal year ended December 2016, setting targets over the three-year period of ¥1.4 billion in capital expenditures and a ¥1.7 billion reduction in interest-bearing debt. As a result, the Company carried out approximately ¥2.0 billion in capital expenditures and reduced interest-bearing debt by approximately ¥2.0 billion. Going forward, the Company will continue to secure an appropriate level of retained earnings while making capital investments to strengthen the competitiveness of its facilities and other areas, and reducing interest-bearing debt to improve its financial position.」

「Cash used in financing activities amounted to ¥508 million. This was mainly due to ¥427 million in payments for the repayment of long-term borrowings.」

「Cash used in financing activities amounted to ¥787 million (an increase of ¥479 million in cash used from the same period of the previous year). This was mainly due to ¥724 million in payments for the repayment of long-term borrowings. In addition, owing to the reduction in financial expenses resulting from the refinancing of the syndicated loan carried out in March of the previous year, ordinary profit amounted to ¥507 million (up ¥168 million year on year).」

「In addition, owing to the reduction in financial expenses resulting from the refinancing of the syndicated loan carried out in March of the previous year, ordinary profit amounted to ¥182 million (up ¥43 million year on year), while quarterly net profit amounted to ¥146 million (up ¥93 million year on year).」

「Cash used in financing activities amounted to ¥405 million (compared with ¥210 million provided in the same period of the previous year). This was mainly due to ¥380 million in payments for the repayment of long-term borrowings. In addition, owing to the reduction in financial expenses resulting from the refinancing of the syndicated loan carried out in March of the previous year, ordinary profit amounted to ¥289 million (up ¥111 million year on year), while quarterly net profit amounted to ¥210 million (up ¥124 million year on year). For the second quarter, profit at every stage reached its highest level in recent years.」

「The effect of lower financial expenses following the refinancing of the syndicated loan carried out in March of the previous year resulted in ordinary income of ¥48 million, compared with an ordinary loss of ¥19 million in the same period of the previous year.」

「Cash used in financing activities amounted to ¥308 million (compared with ¥156 million provided in the previous year). This was mainly because, although borrowings amounted to ¥13,700 million due to the refinancing of long-term borrowings and other debt, repayments amounted to ¥13,916 million.」

「Cash provided by financing activities amounted to ¥210 million (compared with ¥96 million used in the same period of the previous year). This was mainly because, although repayments amounted to ¥13,431 million due to the refinancing of long-term borrowings and other debt, borrowings amounted to ¥13,700 million.」