Investing in growth opportunities and pursuing a capital policy focused on capital efficiency
First written in FY2016. 14 of 25 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Other".
- FY2026Cash declined and interest-bearing debt increased due to investment spendingAnnual report
「With respect to sources of capital, the group's working capital and capital expenditures are funded with internally generated funds, apart from borrowings by certain subsidiaries and lease liabilities. At the end of the fiscal year, interest-bearing debt totaled ¥96 million, comprising ¥74 million in short-term borrowings and ¥21 million in lease liabilities, an increase of ¥38 million from the end of the previous fiscal year due to increased borrowings by certain subsidiaries. Cash and cash equivalents were ¥5,104 million, providing sufficient liquidity and capacity to pursue small-scale M&A and expansion into adjacent businesses.」
Cash flow from operating activities was ¥473 million, while cash flow from investing activities was an outflow of ¥599 million, mainly due to ¥600 million in advances. Interest-bearing debt increased by ¥38 million to ¥96 million, while cash and cash equivalents remained at ¥5,104 million. - FY2026-H1Return to positive free cash flow and decline in interest-bearing debtAnnual report
「As described above, the group's cash position for the interim consolidated accounting period included free cash flow of ¥304 million, comprising cash flow from operating activities plus cash flow from investing activities. The group's working capital and capital expenditures are funded with internally generated funds, apart from temporary subsidiary borrowings and lease liabilities during the period. At the end of the interim period, interest-bearing debt consisted solely of lease liabilities of ¥23 million and short-term borrowings of ¥10 million. Cash and cash equivalents were ¥5,465 million, providing sufficient liquidity and capacity to pursue small-scale M&A and expansion into adjacent businesses.」
Free cash flow was positive at ¥304 million, while interest-bearing debt declined to lease liabilities of ¥23 million and short-term borrowings of ¥10 million. With cash and cash equivalents of ¥5,465 million, the company reaffirmed its reliance primarily on internally generated funds and its capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2025-H1Debt reduction and maintained liquidityAnnual report
「At the end of the interim consolidated accounting period, interest-bearing debt consisted solely of lease liabilities of ¥43 million and short-term borrowings of ¥26 million. Lease liabilities decreased by ¥5 million from the end of the previous fiscal year through steady repayments, while short-term borrowings also decreased by ¥18 million. Cash and cash equivalents were ¥5,218 million, providing sufficient liquidity and capacity to pursue small-scale M&A and expansion into adjacent businesses.」
Interest-bearing debt declined from the end of the previous fiscal year, while cash and cash equivalents of ¥5,218 million maintained sufficient liquidity. The company also reaffirmed its policy of relying primarily on internally generated funds and its capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2024Continued debt reduction and increased liquidityAnnual report
「With respect to sources of capital, the group's working capital and capital expenditures are funded with internally generated funds, apart from borrowings by certain subsidiaries and lease liabilities. At the end of the fiscal year, interest-bearing debt totaled ¥93 million, comprising ¥44 million in short-term borrowings and ¥48 million in lease liabilities, a decrease of ¥24 million from the end of the previous fiscal year due to steady repayment of lease liabilities and a decline in leased assets in certain businesses. Cash and cash equivalents were ¥5,570 million, providing sufficient liquidity and capacity to pursue small-scale M&A and expansion into adjacent businesses.」
The company maintained its policy of relying primarily on internally generated funds. Interest-bearing debt was ¥93 million, down ¥24 million from the end of the previous fiscal year. Cash and cash equivalents were ¥5,570 million, indicating capacity to pursue small-scale M&A and similar opportunities. - FY2024-Q3Decline in borrowings and maintained liquidityAnnual report
「With respect to sources of capital, some consolidated subsidiaries may obtain temporary borrowings for the group's working capital and capital expenditures, but these are generally funded with internally generated funds. At the end of the third quarter, interest-bearing debt consisted of ¥46 million in short-term borrowings and ¥65 million in lease liabilities, a decrease of ¥6 million from the end of the previous fiscal year. Cash and deposits were ¥5,401 million, providing sufficient liquidity.」
The company maintained its policy of relying primarily on internally generated funds. Interest-bearing debt totaled ¥111 million, down ¥6 million from the end of the previous fiscal year. Cash and deposits were ¥5,401 million, providing sufficient liquidity. - FY2024-Q2Continued borrowing to meet seasonal demandAnnual report
「With respect to sources of capital, the group's working capital and capital expenditures are funded with internally generated funds, apart from temporary subsidiary borrowings and lease liabilities during the period. At the end of the second quarter, interest-bearing debt consisted solely of lease liabilities of ¥85 million and short-term borrowings of ¥73 million. Lease liabilities decreased by ¥18 million from the end of the previous fiscal year through steady repayments. Short-term borrowings increased by ¥58 million because sales of Mexican beef, the principal product of the Asmo Trading business, have been steadily increasing. To avoid lost sales opportunities from holding back purchases for cash-flow reasons when purchases exceeded expectations during periods of peak demand, the company borrowed under its overdraft facility in preparation for year-end demand.」
While maintaining its policy of relying primarily on internally generated funds, the company drew ¥58 million in short-term borrowings under its overdraft facility in preparation for year-end demand. It explicitly states that the purpose was to avoid lost sales opportunities caused by restraining purchases of Mexican beef. - FY2023RestatedAnnual report
「As described above, the group's cash position for the fiscal year included free cash flow of ¥641 million, comprising cash flow from operating activities plus cash flow from investing activities. This was sufficient to cover dividend payments and lease liability repayments included in cash flow from financing activities.」
The company disclosed free cash flow of ¥641 million, cash and cash equivalents of ¥5,018 million and interest-bearing debt of ¥118 million, reaffirming its policy of relying primarily on internally generated funds and its capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2023-Q2Introduced borrowing facilities to meet seasonal demandAnnual report
「Short-term borrowings increased by ¥104 million because sales of Mexican beef, the principal product of the Asmo Trading business, have been steadily increasing. The company established a new overdraft facility and borrowed funds to avoid restraining purchases for working-capital reasons and thereby losing sales opportunities when purchases exceeded expectations, particularly during periods of peak demand.」
To meet increased demand for Mexican beef and avoid lost sales opportunities, the company established a new overdraft facility, increasing short-term borrowings by ¥104 million. Meanwhile, cash and cash equivalents were ¥5,075 million, maintaining sufficient liquidity to pursue small-scale M&A and similar opportunities. - FY2023-Q1RestatedAnnual report
「Cash and deposits at the end of the first quarter were ¥4,900 million. The company had sufficient liquidity and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company continues to state that cash and deposits of ¥4,900 million provide sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2022-Q3RestatedAnnual report
「With respect to sources of capital, some consolidated subsidiaries may obtain temporary borrowings for the group's working capital and capital expenditures, but these are generally funded with internally generated funds. At the end of the third quarter, interest-bearing debt consisted of ¥24 million in short-term borrowings and ¥178 million in lease liabilities, a decrease of ¥23 million from the end of the previous fiscal year. Cash and deposits were ¥5,065 million, providing sufficient liquidity.」
The company continues its policy of primarily funding working capital and capital expenditures with internally generated funds, and explains that interest-bearing debt declined by ¥23 million while cash and deposits of ¥5,065 million provided sufficient liquidity. - FY2022-Q2RestatedAnnual report
「The company had sufficient liquidity, with cash and cash equivalents of ¥4,735 million at the end of the fiscal period, and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company continues to state that cash and cash equivalents of ¥4,735 million provide sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2022-Q1RestatedAnnual report
「Cash and deposits at the end of the first quarter were ¥4,626 million. The company had sufficient liquidity and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company reaffirmed that cash and deposits of ¥4,626 million provide sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2021AdvancedAnnual report
「Expenditure on the acquisition of treasury shares: 32,728」
During the fiscal year, the company acquired 61,900 treasury shares for ¥32.728 million pursuant to a resolution of the Board of Directors. This describes a specific capital action under a capital policy focused on capital efficiency. - FY2021-Q3RestatedAnnual report
「With respect to sources of capital, some consolidated subsidiaries may obtain temporary borrowings for the group's working capital and capital expenditures, but these are generally funded with internally generated funds. At the end of the third quarter, interest-bearing debt consisted of ¥9 million in short-term borrowings and ¥231 million in lease liabilities, an increase of ¥1 million from the end of the previous fiscal year. Cash and deposits were ¥5,092 million, providing sufficient liquidity.」
The company explains that working capital and capital expenditures are primarily funded with internally generated funds, with cash and deposits of ¥5,092 million providing sufficient liquidity. - FY2021-Q2RestatedAnnual report
「The company had sufficient liquidity, with cash and cash equivalents of ¥4,734 million at the end of the fiscal period, and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company reaffirmed that cash and cash equivalents of ¥4,734 million provide sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2021-Q1RestatedAnnual report
「With respect to sources of capital, some consolidated subsidiaries may obtain temporary borrowings for the group's working capital and capital expenditures, but these are generally funded with internally generated funds. At the end of the first quarter, interest-bearing debt consisted of ¥5 million in short-term borrowings and ¥246 million in lease liabilities, an increase of ¥12 million from the end of the previous fiscal year. Cash and deposits were ¥4,467 million, providing sufficient liquidity and capacity to pursue small-scale M&A and expansion into adjacent businesses.」
The company reaffirmed its policy of relying primarily on internally generated funds, with sufficient liquidity from cash and deposits of ¥4,467 million and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2020RestatedAnnual report
「The company had sufficient liquidity, with cash and cash equivalents of ¥4,675 million at the end of the fiscal year, and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company reaffirmed its policy that cash and cash equivalents of ¥4,675 million provide sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2020-Q3RestatedAnnual report
「With respect to sources of capital, the group generally funds working capital and capital expenditures with internally generated funds, although some consolidated subsidiaries may obtain temporary borrowings. At the end of the third quarter, interest-bearing debt consisted of ¥50 million in short-term borrowings and ¥163 million in lease liabilities, an increase of ¥156 million from the end of the previous fiscal year. Cash and deposits at the end of the third quarter were ¥4,636 million, providing sufficient liquidity.」
The company explains that working capital and capital expenditures are primarily funded with internally generated funds, with cash and deposits of ¥4,636 million providing sufficient liquidity. - FY2020-Q2RestatedAnnual report
「With respect to sources of capital and liquidity, some consolidated subsidiaries may obtain temporary borrowings for the group's working capital and capital expenditures, but these are generally funded with internally generated funds, and the group has sufficient liquidity.」
The company reaffirmed its policy of funding working capital and capital expenditures primarily with internally generated funds, apart from temporary borrowings. Cash and cash equivalents at quarter-end were ¥4,210 million. - FY2020-Q1RestatedAnnual report
「Cash and deposits at the end of the first quarter of the fiscal year were ¥4,114 million. The company had sufficient liquidity and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
The company continues to state that, with cash and deposits of ¥4,114 million, it has sufficient liquidity and the capacity to pursue small-scale M&A and expansion into adjacent businesses. - FY2019Specific growth initiativesAnnual report
「Cash and cash equivalents at the end of the fiscal year were ¥4,225 million. The company had sufficient liquidity and was in a position to pursue small-scale M&A and expansion into adjacent businesses.」
With sufficient liquidity, the company specifically identifies small-scale M&A and expansion into adjacent businesses as growth opportunities. It does not state that it conducted M&A or similar transactions. - FY2017RestatedAnnual report
「We will use retained earnings for investments to capture growth opportunities and for capital policies that take capital efficiency into account, while maintaining the soundness of our financial position.」
The company continues its policy of using retained earnings for financial soundness, growth investment and capital policies focused on capital efficiency. - FY2016First statedAnnual report
「We will use retained earnings for investments to capture growth opportunities and for capital policies that take capital efficiency into account, while maintaining the soundness of our financial position.」
The company explicitly identifies financial soundness, growth investment and capital efficiency as uses of retained earnings.