Stabilizing Management by Reducing Interest-Bearing Debt and Strengthening Shareholders’ Equity
First written in FY2016. 16 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Seikitokyu Kogyo moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As of 31 March 2026, cash and cash equivalents stood at ¥14,437 million, compared with ¥7,751 million at the end of the previous consolidated fiscal year; interest-bearing debt stood at ¥6,605 million, compared with ¥6,706 million; equity capital stood at ¥44,215 million, compared with ¥41,692 million; the equity ratio was 52.3%, compared with 50.5%; and the DE ratio was 0.15x, compared with 0.16x.」
Cash and cash equivalents, equity capital and the equity ratio increased, while interest-bearing debt and the DE ratio declined. - FY2026-H1WorsenedAnnual report
「As of the end of the interim consolidated accounting period, total liabilities were ¥37,333 million, a decrease of ¥3,530 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥3,543 million, mainly due to a decrease in trade payables, while non-current liabilities increased by ¥13 million.」
On the balance sheet, short-term borrowings increased from ¥5,106 million to ¥5,202 million, while long-term borrowings decreased from ¥1,600 million to ¥1,550 million. Total borrowings increased by ¥46 million, representing a slight deterioration from the perspective of reducing interest-bearing debt. - FY2025-H1WorsenedAnnual report
「Short-term borrowings 106 203 Long-term borrowings 6,700 6,650」
The ¥97 million increase in short-term borrowings exceeded the ¥50 million repayment of long-term borrowings, increasing total borrowings by ¥47 million from ¥6,806 million at the end of the previous consolidated fiscal year to ¥6,853 million. From the perspective of reducing interest-bearing debt, this represents a slight deterioration. - FY2024MitigatedAnnual report
「Cash flow from financing activities decreased by ¥2,823 million, mainly due to dividend payments and repayments of long-term borrowings, compared with a decrease of ¥2,022 million in the same period of the previous year. As of 31 March 2024, cash and cash equivalents stood at ¥13,440 million, compared with ¥8,173 million at the end of the previous consolidated fiscal year, while interest-bearing debt stood at ¥6,806 million, compared with ¥6,906 million at the end of the previous consolidated fiscal year.」
Long-term borrowings were repaid, reducing interest-bearing debt by ¥100 million from the end of the previous fiscal year. Meanwhile, cash and cash equivalents increased by ¥5,267 million. - FY2024-Q3WorsenedAnnual report
「Short-term borrowings 106 203 Long-term borrowings 6,800 6,725」
The combined total of short-term and long-term borrowings increased by ¥22 million from ¥6,906 million at 31 March 2023 to ¥6,928 million at 31 December 2023. Although long-term borrowings decreased, the increase in short-term borrowings was larger, representing a slight deterioration from the perspective of reducing interest-bearing debt. - FY2024-Q2WorsenedAnnual report
「Short-term borrowings 106 203 Long-term borrowings 6,800 6,750」
The combined total of short-term and long-term borrowings increased by ¥47 million from ¥6,906 million at 31 March 2023 to ¥6,953 million at 30 September 2023. The increase in short-term borrowings exceeded the repayment of long-term borrowings. - FY2024-Q1WorsenedAnnual report
「Short-term borrowings 106 203 Long-term borrowings 6,800 6,775」
The combined total of short-term and long-term borrowings increased by ¥72 million from ¥6,906 million at 31 March 2023 to ¥6,978 million at 30 June 2023. From the perspective of reducing interest-bearing debt and stabilizing finances, borrowings increased slightly. - FY2023-Q3WorsenedAnnual report
「Short-term borrowings 107 203 Long-term borrowings 6,900 6,825」
On the balance sheet, the combined total of short-term and long-term borrowings increased by ¥21 million from ¥7,007 million at the end of the previous consolidated fiscal year to ¥7,028 million, and interest-bearing debt increased from the previous fiscal year-end. - FY2023-Q2WorsenedAnnual report
「Net change in short-term borrowings (△ indicates a decrease) 95 Proceeds from repayment of long-term borrowings △50」
The ¥95 million net increase in short-term borrowings exceeded the ¥50 million repayment of long-term borrowings, increasing interest-bearing debt from ¥7,007 million at the end of the previous fiscal year to ¥7,053 million. - FY2022WorsenedAnnual report
「As of 31 March 2022, cash and cash equivalents stood at ¥12,814 million at the fiscal year-end, compared with ¥14,035 million at the end of the previous consolidated fiscal year, while interest-bearing debt stood at ¥7,007 million, compared with ¥5,007 million at the end of the previous consolidated fiscal year.」
Interest-bearing debt increased from ¥5,007 million at the end of the previous fiscal year to ¥7,007 million. The equity ratio was 51.7%. - FY2021-Q3Increase in long-term borrowingsAnnual report
「As of the end of the third quarter of the current consolidated accounting period, total liabilities were ¥39,878 million, an increase of ¥1,855 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥2,500 million, mainly due to decreases in trade payables and advances received on uncompleted construction contracts, while non-current liabilities increased by ¥4,355 million, mainly due to an increase in long-term borrowings.」
Against the previous trend of reducing interest-bearing debt, non-current liabilities increased by ¥4,355 million from the end of the previous consolidated fiscal year as of the end of the third quarter, due to an increase in long-term borrowings. - FY2021-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated accounting period, total liabilities were ¥33,811 million, a decrease of ¥4,211 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥3,821 million, mainly due to a decrease in trade payables, while non-current liabilities decreased by ¥390 million, mainly due to decreases in long-term borrowings and liabilities related to retirement benefits. During the six months ended the second quarter of the current consolidated fiscal year, cash flow from financing activities decreased by ¥2,106 million, reflecting payment of the year-end dividend and partial repayment of borrowings, compared with a decrease of ¥2,312 million in the same period of the previous year.」
Partial repayment of borrowings was made, reducing non-current liabilities by ¥390 million and total liabilities by ¥4,211 million. The reduction in interest-bearing debt is progressing. - FY2021-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated accounting period, total liabilities were ¥35,944 million, a decrease of ¥2,078 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥1,815 million, mainly due to a decrease in trade payables, while non-current liabilities decreased by ¥263 million, mainly due to partial repayment of borrowings.」
Non-current liabilities decreased by ¥263 million due to partial repayment of borrowings and other factors, while total liabilities decreased by ¥2,078 million from the end of the previous consolidated fiscal year. The reduction in interest-bearing debt has continued. - FY2020AdvancedAnnual report
「Although factors reducing equity capital included payment of ¥1,090 million in dividends from retained earnings, net income attributable to owners of the parent of ¥6,544 million resulted in equity capital of ¥36,632 million at the end of the current consolidated fiscal year, compared with ¥31,543 million at the end of the previous consolidated fiscal year. Interest-bearing debt stood at ¥772 million, compared with ¥2,404 million at the end of the previous consolidated fiscal year.」
Equity capital increased from ¥31,543 million to ¥36,632 million, while interest-bearing debt decreased from ¥2,404 million to ¥772 million. - FY2020-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated accounting period, total liabilities were ¥41,821 million, an increase of ¥2,458 million from the end of the previous consolidated fiscal year. Current liabilities increased by ¥3,163 million, mainly due to an increase in advances received on uncompleted construction contracts, while non-current liabilities decreased by ¥704 million, mainly due to decreases in long-term borrowings and liabilities related to retirement benefits.」
Non-current liabilities decreased by ¥704 million from the end of the previous consolidated fiscal year, mainly due to decreases in long-term borrowings and other items. The reduction in interest-bearing debt has continued. - FY2020-Q2MitigatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, cash flow from financing activities decreased by ¥2,312 million, reflecting payment of the year-end dividend and partial repayment of borrowings, compared with a decrease of ¥805 million in the same period of the previous year.」
Partial repayment of borrowings was made, and long-term borrowings decreased from ¥665 million at the end of the previous consolidated fiscal year to ¥450 million. The reduction in interest-bearing debt has continued. - FY2020-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated accounting period, total liabilities were ¥36,221 million, a decrease of ¥3,140 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥2,797 million, mainly due to decreases in trade payables and the provision for losses related to the Antimonopoly Act, while non-current liabilities decreased by ¥343 million, mainly due to partial repayment of borrowings.」
Non-current liabilities decreased by ¥343 million due to partial repayment of borrowings and other factors, while total liabilities decreased by ¥3,140 million from the end of the previous consolidated fiscal year. - FY2019AdvancedAnnual report
「Although factors reducing equity capital included payment of ¥403 million in dividends from retained earnings, net income attributable to owners of the parent of ¥3,480 million and changes in the accumulated adjustments related to retirement benefits resulted in equity capital of ¥31,543 million at the end of the current consolidated fiscal year, compared with ¥28,098 million at the end of the previous consolidated fiscal year. Interest-bearing debt stood at ¥2,404 million, compared with ¥4,008 million at the end of the previous consolidated fiscal year.」
Equity capital increased from ¥28,098 million to ¥31,543 million, while interest-bearing debt decreased from ¥4,008 million to ¥2,404 million. - FY2019-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated accounting period, total liabilities were ¥37,680 million, a decrease of ¥6,413 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥4,479 million, mainly due to a decrease in trade payables, while non-current liabilities decreased by ¥1,933 million, mainly due to decreases in long-term borrowings and liabilities related to retirement benefits.」
Long-term borrowings decreased from ¥3,000 million at the end of the previous consolidated fiscal year to ¥1,396 million, indicating progress in reducing liabilities and borrowings. - FY2019-Q2AdvancedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, cash flow from financing activities decreased by ¥805 million, reflecting payment of the year-end dividend and partial repayment of borrowings, compared with a decrease of ¥1,088 million in the same period of the previous year.」
Partial repayment of borrowings was made, and long-term borrowings decreased from ¥3,000 million at the end of the previous consolidated fiscal year to ¥2,500 million. The reduction in interest-bearing debt has continued. - FY2019-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated accounting period, total liabilities were ¥40,117 million, a decrease of ¥3,976 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥3,360 million, mainly due to a decrease in trade payables, while non-current liabilities decreased by ¥616 million, mainly due to partial repayment of borrowings.」
Non-current liabilities decreased by ¥616 million due to partial repayment of borrowings and other factors. Long-term borrowings also decreased from ¥3,000 million to ¥2,500 million, indicating progress in reducing interest-bearing debt. - FY2018AdvancedAnnual report
「Cash flow from financing activities decreased by ¥1,684 million, mainly due to repayment of long-term borrowings, compared with an increase of ¥1,815 million in the previous consolidated fiscal year, when funds were raised for capital investment. Although factors reducing equity capital included payment of ¥686 million in dividends from retained earnings, net income attributable to owners of the parent of ¥2,274 million and changes in the accumulated adjustments related to retirement benefits resulted in equity capital of ¥28,098 million at the end of the current consolidated fiscal year, compared with ¥26,072 million at the end of the previous consolidated fiscal year. Interest-bearing debt stood at ¥4,008 million, compared with ¥5,008 million at the end of the previous consolidated fiscal year.」
Interest-bearing debt decreased from ¥5,008 million at the end of the previous fiscal year to ¥4,008 million due to repayment of long-term borrowings, while equity capital increased from ¥26,072 million to ¥28,098 million. - FY2018-Q3AdvancedAnnual report
「Current liabilities increased by ¥4,517 million, mainly due to an increase in advances received on uncompleted construction contracts and the recognition of a provision for losses related to the Antimonopoly Act. Non-current liabilities decreased by ¥1,811 million, mainly due to decreases in long-term borrowings and liabilities related to retirement benefits.」
Long-term borrowings decreased from ¥4,000 million at the end of the previous consolidated fiscal year to ¥3,000 million, indicating progress in reducing interest-bearing debt. - FY2018-Q2AdvancedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, cash flow from financing activities decreased by ¥1,088 million, reflecting payment of the year-end dividend and partial repayment of borrowings, compared with a decrease of ¥1,088 million in the same period of the previous year.」
Partial repayment of borrowings was made, and long-term borrowings decreased from ¥4,000 million at the end of the previous consolidated fiscal year to ¥3,500 million. - FY2018-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated accounting period, total liabilities were ¥39,590 million, a decrease of ¥780 million from the end of the previous consolidated fiscal year. Current liabilities increased by ¥43 million, mainly due to an increase in advances received on uncompleted construction contracts, while non-current liabilities decreased by ¥824 million, mainly due to partial repayment of borrowings.」
Non-current liabilities decreased by ¥824 million due to partial repayment of borrowings, indicating progress in reducing interest-bearing debt. - FY2017Increase in interest-bearing debt to finance capital investmentAnnual report
「The Group had previously worked actively to reduce interest-bearing debt in order to build a stable management base. However, in the current consolidated fiscal year, cash flow from financing activities increased by ¥1,815 million, compared with a decrease of ¥1,603 million in the previous consolidated fiscal year, mainly because funds were raised for capital investment. Although factors reducing equity capital included payment of ¥686 million in dividends from retained earnings and changes in the accumulated adjustments related to retirement benefits, net income attributable to owners of the parent of ¥5,621 million resulted in equity capital of ¥26,072 million at the end of the current consolidated fiscal year, compared with ¥21,231 million at the end of the previous consolidated fiscal year. Interest-bearing debt stood at ¥5,008 million, compared with ¥2,508 million at the end of the previous consolidated fiscal year.」
Despite efforts to reduce interest-bearing debt, interest-bearing debt increased from ¥2,508 million to ¥5,008 million as a result of raising funds for capital investment. - FY2017-Q3Increase in long-term borrowingsAnnual report
「Non-current liabilities increased by ¥2,112 million, mainly due to an increase in long-term borrowings.」
Against the previous trend of reducing interest-bearing debt, long-term borrowings increased from ¥1,500 million to ¥4,000 million as of the end of the third quarter. - FY2017-Q2AdvancedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, cash flow from financing activities decreased by ¥1,088 million, reflecting payment of the year-end dividend and partial repayment of borrowings, compared with a decrease of ¥1,007 million in the same period of the previous year.」
Partial repayment of borrowings was made, and long-term borrowings decreased from ¥1,500 million to ¥1,000 million. - FY2017-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated accounting period, total liabilities were ¥33,023 million, a decrease of ¥3,289 million from the end of the previous consolidated fiscal year. Current liabilities decreased by ¥2,641 million, mainly due to a decrease in trade payables, while non-current liabilities decreased by ¥647 million, mainly due to partial repayment of borrowings.」
Partial repayment of borrowings progressed at the quarter-end, and long-term borrowings decreased from ¥1,500 million to ¥1,000 million. - FY2016First statedAnnual report
「With intensifying competition expected over the medium to long term as construction investment contracts, we are working to secure the company's reliability and achieve management stability at an early stage by reducing interest-bearing debt and strengthening equity capital.」
Repaying borrowings through reduced cash flow from financing activities and strengthening equity capital through accumulated profits are management priorities.