A sound financial position preserves capacity for new store openings
First written in FY2016. 4 of 32 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2024: 3 of 34 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026Decline in liquidity due to increased capital investmentAnnual report
「During the consolidated fiscal year, cash and cash equivalents, hereinafter referred to as "funds," decreased by ¥1,154 million from the end of the previous consolidated fiscal year to ¥3,301 million at the end of the consolidated fiscal year. Funds used in investing activities amounted to ¥2,545 million, up 85.6% year on year.」
Under the existing policy of maintaining liquidity equivalent to at least one month of gross profit, capital investment spending increased and cash and cash equivalents decreased by ¥1,154 million. - FY2026-H1Decrease in liquidity and expansion of capital investmentAnnual report
「During the interim consolidated accounting period, cash and cash equivalents, hereinafter referred to as "funds," decreased by ¥963 million from the end of the previous consolidated fiscal year to ¥3,492 million at the end of the interim consolidated accounting period. Funds used in investing activities amounted to ¥1,635 million (¥943 million in the same period of the previous year). This was due mainly to ¥2,044 million in expenditures for the acquisition of tangible and intangible fixed assets, despite ¥592 million in proceeds from the collection of lease and guarantee deposits.」
Liquidity, which had increased through the previous fiscal year, decreased by ¥963 million in the interim period, while investment spending on fixed-asset acquisitions also increased from the same period of the previous year. - FY2025Renewed increase in liquidityAnnual report
「The policy of increasing liquidity as a disaster-risk measure resulted in a ¥499 million increase in cash and deposits.」
Cash and deposits increased by ¥499 million under the disaster-risk management policy, reversing the decrease in cash and cash equivalents seen in the previous interim period. - FY2025-H1Decrease in liquidityAnnual report
「Cash and cash equivalents, hereinafter referred to as "funds," decreased by ¥344 million from the end of the previous consolidated fiscal year to ¥3,612 million at the end of the interim consolidated accounting period.」
After increasing through the previous fiscal year, cash and cash equivalents decreased by ¥344 million in the interim period, indicating a decline in liquidity. - FY2024Continued increase in liquidityAnnual report
「This was due mainly to a ¥1,592 million increase in cash and deposits as the company increased its liquidity as a disaster-risk measure, as well as a ¥498 million increase in trade receivables.」
The company increased its liquidity as a disaster-risk measure, resulting in a ¥1,592 million increase in cash and deposits from the previous fiscal year-end. - FY2024-Q3Continued increase in liquidityAnnual report
「Current assets were ¥12,588 million, an increase of ¥2,693 million from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥2,235 million in cash and deposits and ¥616 million in trade receivables.」
Cash and deposits increased by ¥2,235 million from the end of the previous consolidated fiscal year, and liquidity continued to increase. - FY2023Increase in liquidity as a disaster-risk measureAnnual report
「This was due mainly to an increase of ¥1,119 million in cash and deposits as the company increased its liquidity as a disaster-risk measure, as well as increases of ¥146 million in trade receivables and ¥168 million in merchandise inventory.」
The company increased its liquidity as a disaster-risk measure, resulting in a ¥1,119 million increase in cash and deposits from the end of the previous consolidated fiscal year. - FY2023-Q3Increase in liquidity, merchandise inventory, and long-term borrowingsAnnual report
「This was due mainly to increases of ¥2,093 million in cash and deposits as the company increased its liquidity as a disaster-risk measure, as well as increases of ¥572 million in trade receivables and ¥372 million in merchandise inventory.」
The company increased its liquidity as a disaster-risk measure, resulting in a ¥2,093 million increase in cash and deposits from the end of the previous consolidated fiscal year. Merchandise inventory also increased by ¥372 million, while long-term borrowings increased by ¥319 million to fund capital expenditures and other needs. - FY2023-Q2Increase in liquidity and long-term borrowingsAnnual report
「This was due mainly to increases of ¥933 million in cash and deposits as the company increased its liquidity as a disaster-risk measure, as well as increases of ¥114 million in trade receivables and ¥114 million in merchandise inventory.」
The company increased its liquidity as a disaster-risk measure, resulting in a ¥933 million increase in cash and deposits from the previous fiscal year-end. Long-term borrowings also increased by ¥591 million to fund capital expenditures and other needs. - FY2023-Q1Decrease in cash, merchandise inventory, and long-term borrowingsAnnual report
「Current assets were ¥8,187 million, a decrease of ¥120 million from the end of the previous consolidated fiscal year. This was due mainly to decreases of ¥46 million in cash and deposits, ¥39 million in merchandise inventory, and ¥17 million in trade receivables. Non-current liabilities were ¥4,658 million, a decrease of ¥301 million from the end of the previous consolidated fiscal year. This was due mainly to a ¥297 million decrease in long-term borrowings.」
In contrast to the increases in cash, merchandise inventory, and long-term borrowings through the previous fiscal year, all three declined this quarter: cash and deposits by ¥46 million, merchandise inventory by ¥39 million, and long-term borrowings by ¥297 million. - FY2022-Q3Decrease in cash, increase in merchandise inventory, and increase in long-term borrowingsAnnual report
「Current assets were ¥9,867 million, an increase of ¥374 million from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥481 million in merchandise inventory and ¥452 million in trade receivables, despite a ¥542 million decrease in cash and deposits.」
Cash and deposits decreased by ¥542 million, while merchandise inventory increased by ¥481 million and trade receivables by ¥452 million. Long-term borrowings also increased by ¥66 million to fund capital expenditures and other needs. - FY2022-Q2Decrease in cash, increase in merchandise inventory, and increase in long-term borrowingsAnnual report
「Current assets were ¥8,376 million, a decrease of ¥1,116 million from the end of the previous consolidated fiscal year. This was due mainly to a ¥1,422 million decrease in cash and deposits, despite a ¥151 million increase in merchandise inventory.」
Merchandise inventory increased by ¥151 million from the end of the previous consolidated fiscal year, while cash and deposits decreased by ¥1,422 million. Long-term borrowings also increased by ¥363 million to fund capital expenditures and other needs. - FY2022-Q1Decrease in cash and increase in merchandise inventoryAnnual report
「Current assets were ¥7,955 million, a decrease of ¥1,537 million from the end of the previous consolidated fiscal year. This was due mainly to a ¥1,778 million decrease in cash and deposits, despite a ¥270 million increase in merchandise inventory.」
At the end of the first quarter, merchandise inventory increased by ¥270 million, while cash and deposits decreased by ¥1,778 million. - FY2021Clarification of criteria for cash holdings and investment allocationAnnual report
「As a general policy for retained earnings, the company plans to maintain cash on hand equivalent to at least one month of gross profit to ensure an appropriate cash balance. Funds for capital expenditures to support business growth will be allocated based on a capital investment plan capped at the planned amount of operating cash flow.」
The company specified a policy of maintaining cash on hand equivalent to at least one month of gross profit and allocating capital investment within the planned amount of operating cash flow. - FY2021-Q3Increase in liquidity, merchandise inventory, and long-term borrowingsAnnual report
「This was due mainly to a ¥1,545 million increase in cash and deposits as the company increased its liquidity, as well as increases of ¥394 million in merchandise inventory and ¥245 million in trade receivables reflecting higher sales.」
The company increased its liquidity, resulting in a ¥1,545 million increase in cash and deposits. Merchandise inventory also increased by ¥394 million, while long-term borrowings increased by ¥242 million to fund capital expenditures and other needs. - FY2021-Q2Increase in liquidity and long-term borrowingsAnnual report
「This was due mainly to a ¥1,095 million increase in cash and deposits as the company increased its liquidity, although trade receivables decreased by ¥118 million.」
The company increased its liquidity, resulting in a ¥1,095 million increase in cash and deposits from the end of the previous consolidated fiscal year. Meanwhile, long-term borrowings increased by ¥505 million to fund capital expenditures and other needs. - FY2021-Q1Decrease in borrowings and increase in net assetsAnnual report
「Current liabilities were ¥10,769 million, a decrease of ¥461 million from the end of the previous consolidated fiscal year. This was due mainly to decreases of ¥324 million in short-term borrowings and ¥153 million in trade payables. Net assets were ¥14,630 million, an increase of ¥609 million from the end of the previous consolidated fiscal year.」
At the end of the first quarter, short-term and long-term borrowings and other items had decreased, while net assets increased by ¥609 million. - FY2020AdvancedAnnual report
「Until the COVID-19 pandemic subsides, the company plans to hold approximately ¥500 million in additional cash on hand to prepare for the risk of store closures and shortages of purchased merchandise caused by disruptions to logistics and other operations.」
In addition to its existing policy on financial strength and capacity for opening new stores, the company indicated that it plans to hold approximately ¥500 million in additional cash on hand until the COVID-19 pandemic subsides. - FY2020-Q3Increase in merchandise inventory due to seasonal factorsAnnual report
「Current assets were ¥8,575 million, an increase of ¥840 million from the end of the previous consolidated fiscal year. This was due to increases of ¥441 million in trade receivables, ¥286 million in merchandise inventory, and ¥130 million in cash and deposits. The increases in merchandise inventory and trade receivables were attributable to seasonal factors.」
Merchandise inventory increased by ¥286 million from the end of the previous consolidated fiscal year. The company explained that the increase in merchandise inventory was attributable to seasonal factors. - FY2020-Q2Decrease in merchandise inventoryAnnual report
「Current assets were ¥7,914 million, an increase of ¥179 million from the end of the previous consolidated fiscal year. This was due mainly to a ¥174 million increase in trade receivables, reflecting increased credit sales driven by rush demand ahead of the consumption tax hike in September.」
Merchandise inventory decreased by more than ¥70 million, from ¥5,529 million at the end of the previous consolidated fiscal year to ¥5,459 million. This quarter, merchandise inventory turned to a decline after previously continuing to increase. - FY2020-Q1Continued growth in merchandise inventoryAnnual report
「Current assets were ¥7,846 million, an increase of ¥111 million from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥60 million in merchandise inventory and ¥56 million in cash and deposits, primarily reflecting the increase in merchandise inventory.」
Merchandise inventory increased by ¥60 million from the end of the previous consolidated fiscal year, and the increase in merchandise inventory continued. - FY2019Continued increase in merchandise inventory (slower growth)Annual report
「Current assets were ¥7,735 million, an increase of ¥291 million from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥174 million in cash and deposits and ¥116 million in trade receivables.」
Merchandise inventory increased by ¥92 million, from ¥5,437 million at the end of the previous fiscal year to ¥5,529 million. Inventory continued to increase from the previous fiscal year-end, although the pace of growth slowed. - FY2019-Q3Accelerating increase in merchandise inventory due to seasonal factorsAnnual report
「Current assets were ¥8,905 million, an increase of ¥1,461 million from the end of the previous consolidated fiscal year. This was due mainly to increases of ¥821 million in cash and deposits, ¥479 million in merchandise inventory, and ¥249 million in trade receivables. The increases in merchandise inventory and trade receivables were attributable to seasonal factors.」
Merchandise inventory increased by ¥479 million from the end of the previous consolidated fiscal year. The company explained that the increases in merchandise inventory and trade receivables were attributable to seasonal factors. - FY2019-Q2Decrease in merchandise inventoryAnnual report
「This was due mainly to decreases of ¥144 million in merchandise inventory and ¥83 million in tax receivables included in other current assets, although cash and deposits increased by ¥150 million and trade receivables by ¥66 million.」
Merchandise inventory decreased by ¥144 million from the end of the previous consolidated fiscal year, turning to a decline this quarter after continuing to increase through the end of the previous fiscal year. - FY2018Continued increase in merchandise inventory (up ¥136 million at fiscal year-end)Annual report
「This was due mainly to increases of ¥136 million in merchandise inventory, ¥120 million in trade receivables, and ¥83 million in tax receivables included in other current assets, although cash and deposits decreased by ¥274 million.」
Merchandise inventory increased by ¥136 million from the end of the previous consolidated fiscal year, with the merchandise inventory increase, unlike the previous record of inventory reductions, still present at fiscal year-end. - FY2018-Q3Accelerating increase in merchandise inventoryAnnual report
「This was due mainly to increases of ¥1,060 million in cash and deposits, ¥660 million in merchandise inventory, and ¥270 million in trade receivables.」
Merchandise inventory increased by ¥660 million from the end of the previous consolidated fiscal year, and inventory growth, unlike the previous record of inventory reductions, has continued. - FY2018-Q2Increase in product inventoryAnnual report
「This was due mainly to increases of ¥299 million in cash and deposits and ¥144 million in merchandise inventory.」
Compared with the end of the previous consolidated fiscal year, cash and deposits increased by ¥299 million and merchandise inventory by ¥144 million. Unlike the previous record of inventory reductions, merchandise inventory increased this quarter. - FY2018-Q1Increase in inventory due to seasonal factorsAnnual report
「This was because seasonal product inventory increased by ¥221 million, while cash and deposits decreased by ¥201 million, among other factors.」
It states that seasonal product inventory increased by ¥221 million from the end of the previous fiscal year. This was a quarterly movement caused by seasonal factors, unlike the company's previous inventory reductions. - FY2017AdvancedAnnual report
「Under its measures to improve its financial position, the group worked to optimise product inventory and reduced product inventory at existing stores by ¥529 million compared with the same period of the previous year,」
The group advanced product inventory optimisation and reduced product inventory at existing stores by ¥529 million year on year. - FY2017-Q3AdvancedAnnual report
「Under its policy of strengthening its financial position, the group worked to optimise product inventory and improve inventory turnover, reducing product inventory at existing stores by ¥616 million compared with the same period of the previous year.」
It states that product inventory at existing stores was reduced by ¥616 million year on year through improved inventory turnover. - FY2017-Q2AdvancedAnnual report
「Under its policy of strengthening its financial position, the group worked to optimise product inventory and improve inventory turnover, reducing product inventory by ¥456 million compared with the end of the previous consolidated fiscal year.」
As a specific measure to strengthen its financial position, the group improved inventory turnover and reduced product inventory by ¥456 million from the end of the previous consolidated fiscal year. - FY2016First statedAnnual report
「The group's financial policy is to maintain a sound financial position with sufficient capacity for new store openings by ensuring efficient use of funds, controlling product inventory, and acquiring equipment in line with investment recovery plans.」
It sets out a financial policy of managing fund utilisation, inventory and capital-investment recovery to maintain capacity for new store openings.