Depreciation and Interest Expense Burden Associated with Capital Investment
First written in FY2016. 6 of 13 entries say "Restated". Latest entry: 2026-10-29.
Nippon Kodoshi moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
0 other companies' latest entry also says "Mitigated".
- 2026-10-29MitigatedEarnings
「固定負債は、長期借入金の約定返済等により、前連結会計年度末に比べ1,041百万円減少し、2,524百万円となりました。」
長期借入金の約定返済により、固定負債および長期借入金残高が前年度末から減少した。 - FY2026MaterialisedAnnual report
「For the above assets and other assets whose operation was suspended as part of the production consolidation, the carrying amounts were reduced to their recoverable amounts, and an impairment loss of ¥107.363 million was recognized as an extraordinary loss.」
The operation of assets was suspended as part of the production consolidation, and an impairment loss of ¥107.363 million was incurred, making the burden of holding the equipment apparent. - FY2026-H1MaterialisedAnnual report
「In terms of profit, although raw material costs and depreciation increased due to the expanded production line at the Yonago Plant, operating profit increased by ¥59 million, or 3.4%, year on year to ¥1,784 million, driven by higher net sales.」
The increase in depreciation associated with the expansion of the production line at the Yonago Plant actually occurred. Operating profit increased 3.4% year on year due to higher net sales, but the cost burden associated with capital investment was reflected in performance. - FY2025-H1WorsenedAnnual report
「The funds provided by financing activities amounted to ¥1,827 million, an increase of ¥161 million, or 9.7%, in proceeds year on year, following a net increase of ¥2,300 million in short-term borrowings, new long-term borrowings of ¥1,000 million and scheduled repayments of ¥1,206 million, among other factors.」
As capital investment at the Yonago Plant and elsewhere progressed, short-term borrowings increased by ¥2,300 million on a net basis and new long-term borrowings of ¥1,000 million were obtained, increasing the borrowing burden associated with capital investment. - FY2024WorsenedAnnual report
「Our group, which has a high market share in separators for aluminum electrolytic capacitors, will systematically make capital investments to increase production capacity based on demand forecasts in order to ensure a stable supply system for users. As our business requires substantial capital investment to establish and expand manufacturing facilities, the ratio of depreciation expense to sales tends to be relatively high in the fiscal years following substantial investment. In addition, the group's performance may be temporarily affected by the depreciation expense burden and higher interest expense resulting from increased borrowings.」
As capital investment progressed, long-term borrowings stood at ¥8,193 million at the end of the fiscal year and depreciation expense was ¥1,426 million, indicating an increase in the borrowing and depreciation expense burden in numerical terms. - FY2024-Q3WorsenedAnnual report
「Current liabilities increased by ¥754 million from the end of the previous consolidated fiscal year to ¥5,277 million, mainly due to a net increase in short-term borrowings. Non-current liabilities increased by ¥743 million from the end of the previous consolidated fiscal year to ¥5,277 million, mainly due to new long-term borrowings and scheduled repayments.」
As capital investment at the Yonago Plant and elsewhere progressed, current and non-current liabilities increased due to a net increase in short-term borrowings and new long-term borrowings, among other factors. The borrowing burden associated with capital investment increased in numerical terms. - FY2023RestatedAnnual report
「Our business requires substantial capital investment to establish and expand manufacturing facilities, and the ratio of depreciation expense to sales tends to be relatively high in the fiscal years immediately following substantial investment. In addition, the group's performance may be temporarily affected by the depreciation expense burden and higher interest expense resulting from increased borrowings.」
While proceeding with large-scale investment in the Yonago Plant and other facilities, the company continued to disclose the possibility that depreciation expense, borrowings and interest expense immediately after investment could affect performance. - FY2022RestatedAnnual report
「Our group, which has a high market share in separators for aluminum electrolytic capacitors, will systematically make capital investments to increase production capacity based on demand forecasts in order to ensure a stable supply system for users. As our business requires substantial capital investment to establish and expand manufacturing facilities, the ratio of depreciation expense to sales tends to be relatively high in the fiscal years immediately following substantial investment.」
The company continued to disclose its policy of making planned capital investments to increase production capacity and the possibility that depreciation expense and interest expense on borrowings immediately after investment could affect performance. - FY2021RestatedAnnual report
「Our group, which has a high market share in capacitor separators, will systematically make capital investments to increase production capacity based on demand forecasts in order to ensure a stable supply system for users. As the establishment and expansion of manufacturing facilities require substantial capital investment, the ratio of depreciation expense to sales tends to be relatively high in the fiscal years immediately following substantial investment, which may temporarily affect the group's performance.」
While continuing planned capital investment, the company continued to disclose the possibility that the depreciation expense burden immediately after investment could affect performance. - FY2020RestatedAnnual report
「The group’s performance may also be temporarily affected by the depreciation expense burden and higher interest expense resulting from increased borrowings.」
While carrying out planned capital investment to increase production capacity, the company continued to disclose the risks associated with depreciation expense and borrowings and interest expense. - FY2018RestatedAnnual report
「We may continue to expand production facilities to increase production capacity based on demand forecasts, and performance may be temporarily affected, as it has been in the past, by the depreciation expense burden and higher interest expense resulting from increased borrowings.」
The company continued to disclose the risks of depreciation expense, borrowings and interest expense associated with increasing production capacity. - FY2017RestatedAnnual report
「We may continue to expand production facilities to increase production capacity based on demand forecasts, and performance may be temporarily affected, as it has been in the past, by the depreciation expense burden and higher interest expense resulting from increased borrowings.」
The company continued to disclose the risks of depreciation expense, borrowings and interest expense associated with increasing production capacity. - FY2016First statedAnnual report
「Because our group has a high market share in separators, we may continue to expand production facilities to increase production capacity based on demand forecasts in order to ensure a stable supply system for users. In the past, performance was temporarily affected by the depreciation expense burden and higher interest expense resulting from increased borrowings, and performance may be temporarily affected by these factors in the future as well.」
The company disclosed the possibility of continuing to expand production facilities and the associated burdens from depreciation expense, borrowings and interest expense. It also stated that performance had been affected in the past.