Cash flow outflows associated with expanded investment and increased short-term borrowings
First written in FY2017-Q2. 17 of 31 entries say "Softened", first in FY2018-Q1. Latest entry: 2026-10-13.
Asulina moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
6 other companies' latest entry also says "Worsened".
- 2026-10-13WorsenedRevision of earnings forecasts
「当連結会計年度において、営業活動の結果使用した資金は592百万円（前期は282百万円の獲得）となりました。」
営業キャッシュ・フローが前期の資金獲得から592百万円の資金使用へ転じた。 - FY2026-H1Asset growth, weaker operating cash flow and capital raisingAnnual report
「At the end of the current interim consolidated accounting period, total assets were ¥1,349 million, an increase of ¥125 million from the end of the previous consolidated fiscal year, while total liabilities were ¥488 million, a decrease of ¥39 million. During the current interim consolidated accounting period, funds used in operating activities amounted to ¥195 million, compared with ¥120 million used in the same period of the previous year.」
Total assets expanded, mainly due to an increase in construction in progress, while total liabilities declined and the operating cash flow outflow widened from the same period of the previous year. - FY2025-H1Contraction in financial scale and deterioration in operating cash flowAnnual report
「At the end of the current interim consolidated accounting period, total assets were ¥1,332 million, a decrease of ¥217 million from the end of the previous consolidated fiscal year, while total liabilities were ¥491 million, a decrease of ¥42 million.」
Rather than expanding asset and liability balances through increased investment, total assets and total liabilities declined from the end of the previous fiscal year. Meanwhile, operating cash flow represented a use of ¥120 million, with the outflow widening from the ¥29 million use in the same period of the previous year. - FY2024SoftenedAnnual report
「Funds generated from investing activities during the current consolidated fiscal year amounted to ¥33 million, compared with a ¥122 million decrease in funds in the previous fiscal year.」
Investing activities shifted from using ¥122 million in funds in the previous fiscal year to generating ¥33 million, further weakening the trend of cash outflows associated with expanded investment. - FY2024-Q3SoftenedAnnual report
「At the end of the third quarter of the current fiscal year, total assets were ¥2,009 million, down ¥130 million from the end of the previous consolidated fiscal year, while total liabilities were ¥542 million, down ¥65 million.」
Total assets and total liabilities declined from the end of the previous consolidated fiscal year, and the previously rising trend in the financial scale associated with expanded investment in solar projects remains weak. - FY2024-Q2SoftenedAnnual report
「At the end of the second quarter of the current fiscal year, total assets were ¥2,131 million, a decrease of ¥9 million from the end of the previous consolidated fiscal year. Total liabilities were ¥561 million, a decrease of ¥46 million from the end of the previous consolidated fiscal year.」
The contraction in total assets and total liabilities has continued, and the previously rising trend in asset and liability balances associated with expanded investment in solar projects remains weak. - FY2024-Q1SoftenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets were ¥2,056 million, down ¥84 million from the end of the previous consolidated fiscal year, while total liabilities were ¥589 million, down ¥18 million.」
Rather than expanding the scale of assets and liabilities alongside increased investment, total assets and total liabilities continued to contract. Real estate for sale and cash and deposits each decreased by ¥31 million, and long-term borrowings and other items also decreased. - FY2023Operating cash flow turns negative and cash declinesAnnual report
「At the end of the current consolidated fiscal year, cash and cash equivalents, referred to below as funds, were ¥222 million, down 82.9% from the previous fiscal year. … Cash used in operating activities was ¥840 million, compared with cash generated of ¥64 million in the same period of the previous year.」
Cash and cash equivalents decreased substantially, while cash flow from operating activities swung from ¥64 million generated to ¥840 million used. - FY2023-Q3SoftenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets were ¥2,470 million, down ¥462 million from the end of the previous consolidated fiscal year, while total liabilities were ¥620 million, down ¥291 million.」
Total assets and total liabilities continued to contract, decreasing by ¥462 million and ¥291 million, respectively, from the end of the previous consolidated fiscal year. The trend toward expansion in the scale of assets and liabilities associated with increased investment has weakened further. - FY2023-Q2SoftenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets were ¥2,603 million, down ¥329 million from the end of the previous consolidated fiscal year, while total liabilities were ¥713 million, down ¥199 million.」
While total assets and total liabilities continued to contract, ¥126 million was spent on the acquisition of property, plant and equipment in investing activities, resulting in cash used in investing activities of ¥127 million. The previous expansion in financial scale associated with increased investment has weakened. - FY2023-Q1SoftenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets were ¥2,734 million, down ¥198 million from the end of the previous consolidated fiscal year, while total liabilities were ¥780 million, down ¥131 million.」
Rather than expanding the scale of assets and liabilities alongside increased investment, total assets and total liabilities continued to contract. - FY2022SoftenedAnnual report
「During the current consolidated fiscal year, cash used in investing activities was ¥18 million, down 98.3% from the previous fiscal year.」
Cash outflows from investing activities narrowed sharply to ¥18 million, while cash used in financing activities was ¥391 million. The previous expansion in the scale of assets and liabilities associated with increased investment has weakened. - FY2022-Q3SoftenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets were ¥3,019 million, down ¥743 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,041 million, down ¥247 million.」
Rather than expanding the scale of assets and liabilities alongside increased investment, total assets and total liabilities continued to contract. - FY2022-Q2Assets and liabilities contract as the provision for correction-related costs increasesAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets were ¥3,024 million, down ¥738 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,051 million, down ¥237 million. … The main factors were increases of ¥39 million in other accounts payable and ¥118 million in the provision for correction-related costs, and a ¥27 million decrease in other current liabilities.」
Rather than expanding the scale of assets and liabilities alongside increased investment, total assets and total liabilities contracted. Meanwhile, the provision for correction-related costs increased by ¥118 million, and a payment of ¥337 million for correction-related costs was also recorded. - FY2022-Q1Liabilities increase due to a provision for correction-related costsAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets were ¥3,633 million, down ¥129 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,666 million, up ¥377 million.」
Rather than reflecting an increase in assets and liabilities due to increased investment, total liabilities increased by ¥377 million, mainly because a ¥451 million provision for correction-related costs was recognized, while net assets decreased by ¥506 million. - FY2021Operating cash flow turns positive as investment and liabilities contractAnnual report
「During the current consolidated fiscal year, cash generated from operating activities was ¥2,584 million, compared with cash used of ¥274 million in the previous fiscal year. … Total assets decreased by ¥780 million from the end of the previous consolidated fiscal year to ¥3,763 million, while total liabilities decreased by ¥810 million to ¥1,289 million.」
Cash flow from operating activities swung to substantial cash generation, while total assets and total liabilities decreased from the end of the previous fiscal year, marking a shift away from the expansion in financial scale associated with increased investment. - FY2021-Q3SoftenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets were ¥3,634 million, down ¥920 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,112 million, down ¥983 million.」
Total assets and total liabilities decreased further from the end of the previous consolidated fiscal year, and the previous expansion in the scale of assets and liabilities associated with increased investment has continued to weaken. - FY2021-Q2SoftenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets were ¥3,540 million, down ¥1,014 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,250 million, down ¥845 million.」
Total assets and total liabilities decreased from the end of the previous consolidated fiscal year, weakening the previous expansion in the scale of assets and liabilities associated with increased investment. - FY2021-Q1SoftenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets were ¥3,651 million, down ¥902 million from the end of the previous consolidated fiscal year, while total liabilities were ¥1,283 million, down ¥812 million.」
Total assets and total liabilities decreased from the end of the previous consolidated fiscal year, further weakening the expansion in the scale of assets and liabilities associated with increased investment through the previous fiscal year. - FY2020-Q3SoftenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets had decreased by ¥397 million from the end of the previous consolidated fiscal year to ¥5,539 million. … At the end of the third quarter of the current consolidated fiscal year, liabilities had decreased by ¥636 million from the end of the previous consolidated fiscal year to ¥3,340 million.」
Total assets and liabilities decreased from the end of the previous consolidated fiscal year, further weakening the expansion in the scale of assets and liabilities associated with investment in solar power projects seen through the previous fiscal year. - FY2020-Q1SoftenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets had decreased by ¥329 million from the end of the previous consolidated fiscal year to ¥5,607 million. This was mainly due to a ¥1,171 million decrease in other receivables and a ¥712 million increase in real estate for sale. Liabilities had decreased by ¥95 million from the end of the previous consolidated fiscal year to ¥3,881 million. This was mainly due to decreases of ¥326 million in current and non-current borrowings, ¥164 million in other accounts payable and ¥154 million in other current liabilities, partly offset by an increase of ¥619 million in current and non-current equipment-related accounts payable.」
Total assets and liabilities decreased from the end of the previous fiscal year, and current and non-current borrowings also decreased by ¥326 million. The previous trend of expanding assets and borrowings alongside active investment in solar power projects weakened. - FY2019-Q3AdvancedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets had increased by ¥1,399 million from the end of the previous consolidated fiscal year to ¥11,100 million. This was mainly due to active investment in solar power projects, which resulted in increases of ¥400 million in short-term loans, ¥300 million in capital contributions under current assets, ¥2,745 million in machinery, equipment and vehicles and ¥690 million in goodwill, while notes and accounts receivable decreased by ¥648 million, advances paid decreased by ¥1,440 million and investments in affiliated companies decreased by ¥254 million. At the end of the third quarter of the current consolidated fiscal year, liabilities had increased by ¥1,704 million from the end of the previous consolidated fiscal year to ¥9,524 million.」
Active investment in solar power projects increased total assets by ¥1,399 million and liabilities by ¥1,704 million, expanding machinery and equipment, vehicles, goodwill and long-term equipment-related accounts payable, among other items. - FY2019-Q2AdvancedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets had increased by ¥1,398 million from the end of the previous consolidated fiscal year to ¥11,099 million. This was mainly due to increases of ¥123 million in consumption tax receivable and other items, ¥2,865 million in machinery, equipment and vehicles and ¥701 million in goodwill, while notes and accounts receivable decreased by ¥650 million and advances paid decreased by ¥1,210 million.」
Against the backdrop of the acquisition of 永九能源 and solar power generation equipment, total assets increased by ¥1,398 million from the end of the previous fiscal year, with machinery, equipment and vehicles up ¥2,865 million and goodwill up ¥701 million. Cash used in investing activities was ¥722 million, and ¥1,361 million in financing through sale-and-installment-back transactions was also disclosed. - FY2019-Q1AdvancedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets had increased by ¥2,050 million from the end of the previous consolidated fiscal year to ¥11,751 million. This was mainly due to increases of ¥138 million in cash and deposits, ¥96 million in consumption tax receivable and other items, ¥2,951 million in machinery, equipment and vehicles, and ¥714 million in goodwill, while advances paid decreased by ¥1,417 million and notes and accounts receivable decreased by ¥629 million. At the end of the first quarter of the current consolidated fiscal year, liabilities had increased by ¥2,414 million from the end of the previous consolidated fiscal year to ¥10,234 million. Funding through installment sales with a domestic leasing company: ¥2,625.360 million Payment terms: 180 installment payments」
The acquisition of 永九能源 and solar power generation equipment expanded total assets and liabilities, property, plant and equipment, and equipment-related obligations. The specific financing terms disclosed were installment sales of ¥2,625.360 million payable in 180 installments. - FY2018SoftenedAnnual report
「Cash used in investing activities during the current consolidated fiscal year was ¥477 million.」
Cash outflows from investing activities narrowed sharply from ¥4,206 million in the previous fiscal year to ¥477 million. Meanwhile, short-term borrowings increased by ¥221 million, and investment and financing activities continued. - FY2018-Q3AdvancedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets had increased by ¥1,365 million from the end of the previous consolidated fiscal year to ¥8,784 million. This was mainly due to increases of ¥797 million in real estate under development for sale, ¥542 million in advances paid and ¥391 million in cash and deposits, while notes and accounts receivable decreased by ¥497 million. Liabilities had increased by ¥1,313 million from the end of the previous consolidated fiscal year to ¥7,250 million.」
At the end of the third quarter, total assets and liabilities had increased by ¥1,365 million and ¥1,313 million, respectively, expanding the scale of assets and liabilities, including real estate under development for sale and advances paid. - FY2018-Q2SoftenedAnnual report
「Cash used in investing activities decreased by ¥204 million, reflecting ¥158 million in cash inflows from the recovery of loans, offset by cash outflows of ¥312 million for payments of capital contributions, ¥47 million for the acquisition of property, plant and equipment and other items, compared with cash used of ¥401 million in the same period of the previous year. Cash used in financing activities was ¥540 million, reflecting ¥70 million in proceeds from long-term borrowings and ¥34 million in proceeds from the issuance of shares upon the exercise of stock acquisition rights, offset by a ¥366 million decrease in short-term borrowings, ¥135 million in dividend payments and other items.」
Cash used in investing activities narrowed from ¥401 million in the same period of the previous year to ¥204 million, while short-term borrowings also decreased by ¥366 million. The previous trend of rising assets and borrowings accompanying increased investment has weakened. - FY2018-Q1SoftenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets had decreased by ¥461 million from the end of the previous consolidated fiscal year to ¥6,957 million. This was mainly due to increases of ¥291 million in cash and deposits and ¥149 million in capital contributions, while notes and accounts receivable decreased by ¥605 million and consumption tax receivable and other items decreased by ¥337 million. The company also recorded ¥34 million in non-operating expenses (interest expense) for interest and other costs associated with installment transactions involving the solar power plants it owns.」
Total assets decreased by ¥461 million from the end of the previous fiscal year, while short-term borrowings decreased from ¥568 million to ¥556 million. At the same time, ¥34 million in interest expense was recorded in connection with installment transactions involving the solar power plants, weakening the previous trend of rising assets and short-term borrowings accompanying increased investment. - FY2017AdvancedAnnual report
「Cash used in investing activities was ¥4,206 million. This mainly reflected ¥200 million in cash inflows from the recovery of capital contributions, offset by cash outflows of ¥4,157 million for the acquisition of property, plant and equipment, ¥110 million for time-deposit placements and other items.」
Full-year capital expenditures reduced cash from investing activities by ¥4,206 million, while ¥4,136 million in proceeds from sale-and-installment-back transactions and a ¥568 million increase in short-term borrowings provided funding. - FY2017-Q3AdvancedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets had increased by ¥6,072 million from the end of the previous consolidated fiscal year to ¥7,454 million. This was mainly due to increases of ¥716 million in notes and accounts receivable, ¥4,173 million in property, plant and equipment, ¥431 million in advances paid and ¥600 million in securities held for operating investment, while cash and deposits decreased by ¥169 million. At the end of the third quarter of the current consolidated fiscal year, liabilities had increased by ¥5,871 million from the end of the previous consolidated fiscal year to ¥6,299 million. This was mainly due to increases of ¥493 million in accounts payable, ¥733 million in short-term borrowings, ¥654 million in advances received and ¥3,895 million in equipment-related accounts payable and long-term equipment-related accounts payable.」
Property, plant and equipment and securities held for operating investment increased, as did short-term borrowings and equipment-related accounts payable, expanding the scale of assets and liabilities alongside increased investment. - FY2017-Q2First statedAnnual report
「Net cash used in investing activities was ¥401 million, reflecting a ¥200 million increase in cash inflows from the recovery of capital contributions, offset by cash outflows of ¥50 million for time-deposit placements, ¥540 million for the acquisition of property, plant and equipment, and other items.」
Investing-activity cash flow decreased by ¥401 million due to the acquisition of property, plant and equipment and other items, while operating-activity cash flow also decreased by ¥252 million and short-term borrowings increased by ¥570 million.