Reducing Interest-Bearing Debt and Strengthening Capital Through Asset and Business Sales
First written in FY2021-Q1. 6 of 10 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2024.
43 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Funds provided by investing activities were ¥616 million (compared with ¥287 million used in the previous fiscal year), mainly due to proceeds of ¥875 million from the sale of property, plant and equipment.」
The sale of property, plant and equipment generated ¥875 million, turning cash flows from investing activities from ¥287 million used in the previous fiscal year to ¥616 million provided. Funds secured through the sale of assets held by the Company became concrete during the full fiscal year. - FY2024-Q3AdvancedAnnual report
「Funds provided by investing activities were ¥207 million (compared with ¥132 million used in the same period of the previous year), mainly due to proceeds of ¥332 million from the sale of property, plant and equipment.」
The sale of property, plant and equipment generated proceeds of ¥332 million, turning cash flows from investing activities from ¥132 million used in the same period of the previous year to ¥207 million provided. - FY2024-Q2AdvancedAnnual report
「Funds provided by investing activities were ¥207 million (compared with ¥132 million used in the same period of the previous year), mainly due to proceeds of ¥332 million from the sale of property, plant and equipment.」
The sale of property, plant and equipment generated proceeds of ¥332 million, resulting in ¥207 million of funds provided by investing activities. This represents concrete progress in securing funds through the sale of assets held by the Company. - FY2022Cited as achievedAnnual report
「Net assets increased by ¥783 million from the end of the previous consolidated fiscal year to ¥1,074 million. The main factors were increases of ¥326 million in capital surplus and ¥161 million in non-controlling interests resulting from the partial sale of shares in a subsidiary, without a change in the scope of consolidation, to non-controlling shareholders.」
For the full fiscal year, the Company confirmed increases in capital surplus and non-controlling interests resulting from the partial sale of TORT shares as evidence of asset and business sales and capital strengthening. - FY2022-Q3AdvancedAnnual report
「On 1 January 2022, the Group transferred the sports club business operated by its consolidated subsidiary 株式会社テーオー総合サービス to OKAMOTO INDUSTRIES,INC., which operates “JOYFIT” and “FIT365.”」
The transfer of the sports-club business has been completed as a measure to improve the Company's financial position and portfolio through the sale of a business held by the Company. - FY2022-Q2Cited as achievedAnnual report
「Funds provided by financing activities were ¥163 million (compared with ¥59 million used in the same period of the previous year). This was mainly due to a ¥195 million decrease in short-term borrowings and cash outflows of ¥737 million for repayment of long-term borrowings and ¥157 million for repayment of finance lease obligations, offset by cash inflows of ¥780 million from new long-term borrowings and ¥475 million from the sale of shares in a subsidiary without a change in the scope of consolidation, among other factors.」
The Company discloses the ¥475 million proceeds from the transfer of TORT shares, reflected in cash flows from financing activities, as evidence of funds secured through the completed sale of assets and businesses. - FY2022-Q1AdvancedAnnual report
「The Company transferred part of its shareholding in TORT to DCM. The total transfer price was ¥475 million, representing 18.99% of the total number of shares issued, and the transfer date was 16 July 2021.」
As part of the portfolio reorganization through the sale of businesses and assets held by the Company, the transaction to transfer part of the TORT shares to DCM was completed. The sale also increased capital surplus by ¥326.776 million. - FY2021-Q3AdvancedAnnual report
「The absorption-type company split and the transfer of all shares in 廣辯 were completed on 1 April 2021.」
Regarding the sale of businesses considered as a measure to improve the financial position through the sale of businesses held by the Company, the transfer of all shares in 廣辯, which acquired the care-services business and other operations, has completed the execution stage. However, this filing does not state how the sale proceeds will be used or the amount of interest-bearing debt to be reduced. - FY2021-Q2RestatedAnnual report
「To reduce interest-bearing debt and strengthen capital, we will consider not only the measures described in ① above but also the sale of assets and businesses held by the Company.」
The Company has reaffirmed its policy of considering the sale of assets and businesses held by the Company to reduce interest-bearing debt and strengthen capital. - FY2021-Q1First statedAnnual report
「To reduce interest-bearing debt and strengthen capital, we will consider not only the measures described in ① above but also the sale of assets and businesses held by the Company.」
As measures to improve its financial position, the Company has stated for the first time that it will consider selling assets and businesses held by the Company, in addition to reducing interest-bearing debt and strengthening capital.