Cash Flow Changes from M&A
First written in FY2018. 9 of 22 entries say "Worsened", first in FY2020. Latest entry: FY2027-H1.
Yoshimura Food Holdings K.K. moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2019: 3 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Cash used in investing activities was ¥285.897 million, compared with ¥990.160 million used in the previous interim consolidated accounting period.」
Cash used in investing activities declined from ¥990.160 million in the same period of the previous year to ¥285.897 million, reducing the M&A-related cash flow burden on an interim-period basis. - FY2026WorsenedAnnual report
「Cash used in investing activities was ¥2,037.537 million, compared with ¥843.317 million used in the previous consolidated fiscal year. This was mainly due to payments of ¥1,428.664 million for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation, payments of ¥1,236.533 million for the acquisition of property, plant and equipment, and proceeds of ¥666.021 million from the sale of property, plant and equipment.」
An outflow of ¥1,429 million arose from the acquisition of shares in subsidiaries in connection with the acquisitions of EXAMAS, EQUIPMAX and others, and cash used in investing activities increased from the previous fiscal year. - 2026-04-15WorsenedRevision of earnings forecasts
「Cash used in investing activities was ¥2,037.537 million, compared with ¥843.317 million used in the previous consolidated fiscal year. This was mainly due to payments of ¥1,428.664 million for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation, payments of ¥1,236.533 million for the acquisition of property, plant and equipment, and proceeds of ¥666.021 million from the sale of property, plant and equipment.」
Cash used in investing activities, including payments for subsidiary acquisitions, increased from the previous fiscal year, indicating a greater cash burden from M&A in the annual results. - FY2026-H1WorsenedAnnual report
「Cash used in investing activities amounted to ¥990 million (compared with ¥473 million used in the previous interim consolidated period). This was mainly due to outflows of ¥1,381 million for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation and ¥331 million for the acquisition of property, plant and equipment, among other factors.」
An outflow of ¥1,381 million arose from the acquisition of shares in subsidiaries in connection with the acquisitions of EXAMAS, EQUIPMAX and others, and cash used in investing activities increased from the same period of the previous year. - FY2025MitigatedAnnual report
「Cash provided by investing activities amounted to ¥843 million (compared with ¥4,530 million used in the previous consolidated fiscal year). This was mainly due to outflows of ¥110 million for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation and ¥989 million for the acquisition of property, plant and equipment, among other factors.」
Investment outlays related to the acquisition of subsidiaries were limited to ¥110 million, while cash used in investing activities declined from the previous fiscal year, temporarily reducing the cash burden. - FY2025-H1MitigatedAnnual report
「Cash used in investing activities amounted to ¥473.131 million (¥1,770.273 million used in the previous interim consolidated period). This was mainly due to ¥631.024 million in expenditures for the acquisition of property, plant and equipment, among other items.」
Cash used in investing activities decreased from ¥1,770.273 million in the same period of the previous year to ¥473.131 million, and no expenditure for the acquisition of subsidiary shares was disclosed for the interim consolidated period. - FY2024WorsenedAnnual report
「Cash used in investing activities amounted to ¥4,529.642 million (¥2,021.111 million used in the previous consolidated fiscal year). This was mainly due to ¥4,409.137 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥703.328 million in expenditures for the acquisition of property, plant and equipment, among other items.」
Cash used in investing activities, including ¥4,409.137 million in expenditures for the acquisition of subsidiaries, increased from ¥2,021.111 million in the previous fiscal year, with the M&A-related cash-flow impact increasing on an annual basis. - FY2024-Q3WorsenedAnnual report
「Liabilities amounted to ¥43,408.394 million, an increase of ¥21,357.532 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥20,040.391 million in borrowings and other liabilities, partly offset by a decrease of ¥288.701 million in notes and accounts payable.」
As the business expanded through M&A, borrowings and other liabilities increased by ¥20,040.391 million, and total liabilities increased by ¥21,357.532 million from the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「Cash used in investing activities amounted to ¥1,770.273 million (¥459.134 million used in the previous cumulative second quarter period). This was mainly due to ¥338.646 million in expenditures for the acquisition of property, plant and equipment and ¥1,779.999 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation, among other items.」
Cash used in investing activities, including ¥1,779.999 million in expenditures for the acquisition of subsidiary shares, increased from ¥459.134 million in the same period of the previous year to ¥1,770.273 million. - FY2023WorsenedAnnual report
「Cash used in investing activities amounted to ¥2,021.111 million (¥1,168.598 million used in the previous consolidated fiscal year). This was mainly due to ¥1,424.672 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥490.794 million in expenditures for the acquisition of property, plant and equipment, among other items.」
Cash used in investing activities increased from the previous fiscal year, including ¥1,424.672 million in expenditures for the acquisition of subsidiaries, actualising the M&A-related cash-flow impact. - FY2023-Q2WorsenedAnnual report
「Cash used in investing activities amounted to ¥459.134 million (¥309.486 million used in the previous cumulative second quarter period). This was mainly due to expenditures of ¥219.024 million for the acquisition of property, plant and equipment, ¥124.678 million for loans advanced, and ¥107.486 million for the acquisition of subsidiary shares resulting in a change in the scope of consolidation, among other items.」
Cash used in investing activities increased from ¥309.486 million in the same period of the previous year to ¥459.134 million, including ¥107.486 million in expenditures for the acquisition of subsidiaries. - FY2022-Q3MitigatedAnnual report
「Liabilities amounted to ¥13,656.273 million, a decrease of ¥2,174.945 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥154.077 million in accounts payable and ¥1,737.665 million in borrowings and other liabilities.」
Despite the remaining funding burden associated with M&A and other activities, borrowings and other liabilities decreased by ¥1,737.665 million from the end of the previous fiscal year, and total liabilities also declined. - FY2022-Q2MitigatedAnnual report
「Cash used in investing activities amounted to ¥309.486 million (¥398.223 million used in the previous cumulative second quarter period).」
Cash used in investing activities decreased from ¥398.223 million in the same period of the previous year to ¥309.486 million, and no expenditure for the acquisition of subsidiaries was disclosed for the quarter. - FY2022-Q1MitigatedAnnual report
「Liabilities amounted to ¥14,815.663 million, a decrease of ¥1,015.554 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥680.640 million in borrowings and other liabilities and ¥129.808 million in income taxes payable and other items.」
Borrowings and other liabilities decreased by ¥680.640 million from the end of the previous fiscal year, and although the investment and funding burden associated with M&A and other activities remains, total liabilities declined. - FY2021MitigatedAnnual report
「Cash used in investing activities amounted to ¥387.676 million (¥5,004.508 million used in the previous consolidated fiscal year). This was mainly due to ¥348.670 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥183.251 million in expenditures for the acquisition of property, plant and equipment, among other items.」
M&A-related investing expenditures continued, but declined from ¥4,347.098 million in the previous fiscal year to ¥348.670 million, and cash used in investing activities also decreased. - FY2021-Q2MaterialisedAnnual report
「This was mainly attributable to ¥348.670 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥120.075 million in expenditures for the acquisition of property, plant and equipment, among other items.」
During the cumulative second quarter period under review, investing expenditures of ¥348.670 million arose from the acquisition of subsidiary shares. - FY2021-Q1MaterialisedAnnual report
「Consideration for acquisition Cash and deposits ¥1,012.203 million Acquisition cost ¥1,012.203 million」
The acquisition of 香り芽本舗 involved M&A consideration of ¥1,012.203 million paid in cash, actualising the associated cash-flow impact. - FY2020WorsenedAnnual report
「Cash used in investing activities amounted to ¥5,004.508 million (¥2,075.678 million used in the previous consolidated fiscal year). This was mainly due to ¥4,347.098 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥560.811 million in expenditures for the acquisition of property, plant and equipment, among other items.」
Expenditures for the acquisition of subsidiaries amounted to ¥4,347.098 million, and cash used in investing activities increased from ¥2,075.678 million in the previous fiscal year to ¥5,004.508 million. - FY2020-Q2MaterialisedAnnual report
「This was mainly attributable to ¥2,465.367 million in expenditures for the acquisition of subsidiary shares resulting in a change in the scope of consolidation and ¥365.222 million in expenditures for the acquisition of property, plant and equipment, among other items.」
During the cumulative second quarter period under review, investing expenditures of ¥2,465.367 million arose from the acquisition of subsidiary shares and other transactions, continuing to actualise the M&A-related cash-flow impact. - FY2020-Q1MaterialisedAnnual report
「Consideration for acquisition Cash and deposits ¥1,617.853 million」
The acquisition of PACIFIC SORBY involved a cash payment of ¥1,617.853 million, actualising the M&A-related cash-flow impact. - FY2019MaterialisedAnnual report
「Cash used in investing activities amounted to ¥2,075.678 million (¥1,581.285 million used in the previous consolidated fiscal year). This was mainly attributable to ¥2,319.265 million in expenditures for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation.」
Expenditures for the acquisition of subsidiary shares associated with M&A amounted to ¥2,319.265 million, representing a significant cash outflow from investing activities. - FY2018First statedAnnual report
「In the past, the implementation of M&A transactions caused the Group's assets and liabilities to increase or decrease, while its cash-flow position fluctuated significantly.」
The disclosure states that increases and decreases in assets and liabilities and significant cash-flow fluctuations associated with M&A may continue to occur.