Komori
Shinto Paint (4615) · InitiativeAdvanced

Reducing Borrowings Through Improved Asset Efficiency

First written in FY2016. 22 of 37 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-05.

37entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2020-Q1WorsenedFY2022-Q2 – FY20232016: 220162017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Strengthening the Financial Position by Reducing Interest-Bearing DebtA theme 123 companies write about · 2 as a headwind · 122 as a tailwind

Shinto Paint moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).

45 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 123 companies compared. The sentences above are computed from all 123.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-05AdvancedEarnings

    「短期借入金が498百万円減少した」

    第1四半期に短期借入金が498百万円減少し、借入金圧縮の動きが確認された。
  2. FY2026AdvancedAnnual report

    「Net cash used in financing activities was ¥158 million (¥367 million used in the previous consolidated fiscal year). The main factor was a net decrease of ¥106 million in short-term borrowings, among other items.」

    Short-term borrowings decreased by a net ¥106 million, resulting in net cash used in financing activities. Progress toward debt reduction was confirmed for the fiscal year, although borrowings remained high.
  3. 2026-05-12WorsenedEarnings

    「短期借入金 4,986 5,068」

    短期借入金残高が前連結会計年度末の4,986百万円から5,068百万円へ増加し、借入金圧縮の流れは後退した。
  4. FY2026-H1WorsenedAnnual report

    「Net cash used in financing activities was ¥51 million (¥151 million used in the previous interim consolidated fiscal period). The main factors were ¥100 million in proceeds from short-term borrowings and ¥48 million in dividends paid to non-controlling interests, among other items.」

    Proceeds of ¥100 million from short-term borrowings increased the balance of short-term borrowings from ¥4,986 million at the end of the previous consolidated fiscal year to ¥5,086 million. The trend toward debt reduction reversed during the interim period.
  5. FY2025AdvancedAnnual report

    「Net cash used in financing activities was ¥367 million (¥761 million used in the previous consolidated fiscal year). The main factors were a net increase of ¥4,026 million in short-term borrowings, a net decrease of ¥4,752 million in long-term borrowings and ¥388 million in proceeds from the issuance of shares, among other items.」

    Although short-term borrowings increased, the net decrease of ¥4,752 million in long-term borrowings resulted in net cash used in financing activities. The company also raised ¥388 million in capital.
  6. FY2025-H1AdvancedAnnual report

    「Net cash used in financing activities was ¥151 million (net cash provided of ¥679 million in the previous interim consolidated fiscal period). The main factors were ¥800 million in proceeds from short-term borrowings and ¥960 million in repayments of long-term borrowings, among other items.」

    Although the company received ¥800 million from short-term borrowings, repayments of ¥960 million in long-term borrowings and other factors resulted in net cash used in financing activities of ¥151 million, confirming progress toward debt reduction in the interim period.
  7. FY2024AdvancedAnnual report

    「Net cash used in financing activities was ¥761 million, compared with net cash provided of ¥2,390 million in the previous fiscal year. The main factors were net decreases of ¥532 million in long-term borrowings and ¥200 million in short-term borrowings.」

    Debt reduction, which had retreated in the previous fiscal year due to a net increase in long-term borrowings, progressed on a full-year basis, with net decreases of ¥532 million in long-term borrowings and ¥200 million in short-term borrowings.
  8. FY2024-Q3WorsenedAnnual report

    「Liabilities amounted to ¥20,395 million, up ¥923 million from the end of the previous consolidated fiscal year, mainly due to increases of ¥413 million in notes and accounts payable, ¥366 million in electronically recorded obligations and ¥132 million in short-term borrowings.」

    Although the company had been pursuing debt reduction, short-term borrowings increased by ¥132 million and total liabilities also rose by ¥923 million, indicating a reversal in the debt-reduction trend.
  9. FY2024-Q2WorsenedAnnual report

    「Net cash provided by financing activities was ¥679 million (¥145 million in the same quarter of the previous year). The main factors were ¥100 million in proceeds from short-term borrowings, ¥1,369 million in proceeds from long-term borrowings and ¥761 million in repayments of long-term borrowings, among other items.」

    Proceeds of ¥1,369 million from long-term borrowings exceeded repayments of ¥761 million, resulting in net cash provided by financing activities of ¥679 million. The trend toward debt reduction is reversing.
  10. FY2024-Q1AdvancedAnnual report

    「Liabilities amounted to ¥19,284 million, down ¥186 million from the end of the previous consolidated fiscal year, mainly due to decreases of ¥123 million in provision for bonuses and ¥187 million in long-term borrowings, partly offset by a ¥100 million increase in short-term borrowings.」

    The ¥187 million decrease in long-term borrowings exceeded the ¥100 million increase in short-term borrowings, reducing total liabilities by ¥186 million. This indicates modest progress toward debt reduction.
  11. FY2023WorsenedAnnual report

    「Net cash provided by financing activities was ¥2,390 million (¥196 million in the previous consolidated fiscal year). The main factor was a net increase of ¥2,397 million in long-term borrowings, among other items.」

    The net increase of ¥2,397 million in long-term borrowings resulted in net cash provided by financing activities of ¥2,390 million, reversing the trend toward debt reduction.
  12. FY2023-Q3WorsenedAnnual report

    「Liabilities amounted to ¥21,446 million, up ¥4,974 million from the end of the previous consolidated fiscal year, mainly due to increases of ¥709 million in electronically recorded obligations, ¥754 million in short-term borrowings, ¥2,847 million in long-term borrowings and ¥356 million in provisions for costs related to inappropriate quality-related conduct.」

    Although the company had been pursuing debt reduction, short- and long-term borrowings increased, and total liabilities also rose by ¥4,974 million.
  13. FY2023-Q2WorsenedAnnual report

    「Net cash provided by financing activities was ¥145 million, compared with ¥162 million in the same quarter of the previous fiscal year. The main factors were ¥2,500 million in proceeds from short-term borrowings, ¥1,500 million in repayments of short-term borrowings, ¥747 million in repayments of long-term borrowings and ¥77 million in dividend payments.」

    Proceeds from short-term borrowings exceeded repayments, resulting in net cash provided by financing activities of ¥145 million. The trend of reducing borrowings has receded.
  14. FY2023-Q1WorsenedAnnual report

    「Liabilities amounted to ¥17,158 million, up ¥687 million from the end of the previous consolidated fiscal year, mainly due to increases of ¥190 million in electronically recorded obligations and ¥600 million in short-term borrowings, partly offset by a ¥121 million decrease in provision for bonuses.」

    Although the Company had been pursuing a reduction in borrowings, short-term borrowings increased by ¥600 million and total liabilities also increased by ¥687 million, marking a setback in the reduction trend.
  15. FY2022WorsenedAnnual report

    「Net cash provided by financing activities was ¥196 million, compared with net cash used of ¥2,168 million in the previous consolidated fiscal year. The main factor was a net increase of ¥380 million in short-term borrowings, in addition to dividend payments of ¥154 million.」

    The net increase of ¥380 million in short-term borrowings turned financing activities from net cash used of ¥2,168 million in the previous fiscal year to net cash provided of ¥196 million, marking a setback in the trend of reducing borrowings.
  16. FY2022-Q3WorsenedAnnual report

    「Liabilities amounted to ¥17,231 million, up ¥1,602 million from the end of the previous consolidated fiscal year, mainly due to increases of ¥954 million in notes and accounts payable, ¥474 million in electronically recorded obligations and ¥334 million in long-term borrowings.」

    Although the Company had been pursuing a reduction in borrowings, long-term borrowings increased by ¥334 million at the end of the third quarter, marking a setback in the previous reduction trend.
  17. FY2022-Q2WorsenedAnnual report

    「Net cash provided by financing activities was ¥162 million, compared with net cash used of ¥452 million in the same quarter of the previous fiscal year. The main factors were ¥1,200 million in proceeds from long-term borrowings, ¥834 million in repayments of long-term borrowings and ¥154 million in dividend payments.」

    Proceeds from long-term borrowings of ¥1,200 million exceeded repayments of ¥834 million, turning financing activities into a source of cash. The trend of reducing borrowings has receded.
  18. FY2022-Q1AdvancedAnnual report

    「Liabilities amounted to ¥15,664 million, up ¥35 million from the end of the previous consolidated fiscal year, mainly due to a ¥247 million increase in notes and accounts payable and a ¥20 million decrease in short-term borrowings.」

    Short-term borrowings decreased by ¥20 million from the end of the previous consolidated fiscal year, confirming slight progress in reducing borrowings.
  19. FY2021-Q3AdvancedAnnual report

    「Liabilities amounted to ¥16,743 million, down ¥1,128 million from the end of the previous consolidated fiscal year, mainly due to increases of ¥362 million in electronically recorded obligations and decreases of ¥1,052 million in short-term borrowings, ¥333 million in long-term borrowings and ¥94 million in income taxes payable.」

    The decreases of ¥1,052 million in short-term borrowings and ¥333 million in long-term borrowings confirm progress in reducing borrowings through the third-quarter cumulative period.
  20. FY2021-Q2AdvancedAnnual report

    「Net cash used in financing activities was ¥452 million, compared with ¥118 million in the same quarter of the previous fiscal year. The main factors were ¥500 million in proceeds from long-term borrowings, ¥968 million in repayments of long-term borrowings and ¥154 million in dividend payments.」

    Repayments of long-term borrowings of ¥968 million exceeded borrowing proceeds of ¥500 million, and outstanding borrowings decreased from the end of the previous fiscal year even including the increase in short-term borrowings.
  21. FY2021-Q1AdvancedAnnual report

    「Liabilities amounted to ¥17,048 million, down ¥823 million from the end of the previous consolidated fiscal year, mainly due to decreases of ¥330 million in notes and accounts payable and ¥333 million in short-term borrowings.」

    The ¥333 million decrease in short-term borrowings and ¥823 million decrease in total liabilities confirm progress in reducing borrowings in the first quarter.
  22. FY2020WorsenedAnnual report

    「Net cash provided by financing activities was ¥280 million, compared with net cash used of ¥192 million in the previous consolidated fiscal year. The main factors were a net increase of ¥800 million in short-term borrowings, ¥2,140 million in repayments of long-term borrowings, ¥1,800 million in proceeds from long-term borrowings and ¥154 million in dividend payments.」

    Although repayments of long-term borrowings exceeded borrowing proceeds, short-term borrowings increased by ¥800 million on a net basis, resulting in net cash provided by financing activities for the fiscal year. A setback in reducing borrowings was also confirmed for the fiscal year as a whole.
  23. FY2020-Q3Setback in reducing borrowingsAnnual report

    「Liabilities totaled ¥18,767 million, down ¥493 million from the end of the previous consolidated fiscal year, mainly because notes and accounts payable decreased by ¥354 million, the bonus provision by ¥147 million and income taxes payable by ¥60 million, despite a ¥180 million increase in short-term borrowings.」

    Short-term borrowings increased by ¥180 million and long-term borrowings by ¥47 million from the end of the previous consolidated fiscal year, marking a setback in the previous trend of reducing borrowings.
  24. FY2020-Q2Slight setback in reducing borrowingsAnnual report

    「Net cash used in financing activities was ¥118 million, an increase of ¥127 million year on year. The main factors were ¥1,100 million in proceeds from long-term borrowings, ¥1,139 million in repayments of long-term borrowings and ¥154 million in dividend payments.」

    Repayments of long-term borrowings exceeded borrowing proceeds by ¥39 million, but short-term borrowings increased by ¥100 million, resulting in a slight overall increase in borrowings and a pause in the previous reduction trend.
  25. FY2020-Q1AdvancedAnnual report

    「Liabilities totaled ¥18,981 million, down ¥280 million from the end of the previous consolidated fiscal year, mainly because short-term borrowings decreased by ¥83 million and the bonus provision decreased by ¥149 million.」

    Short-term borrowings decreased by ¥83 million and long-term borrowings by ¥33 million, confirming progress in reducing borrowings.
  26. FY2019AdvancedAnnual report

    「The main capital expenditures during the current consolidated fiscal year consisted of small-scale projects, including replacement of aging equipment and modifications to core business systems. Surplus funds were applied to repayments of borrowings.」

    The Company focused on small-scale capital expenditures and applied surplus funds to repayments of borrowings. Repayments of long-term borrowings were ¥2,014 million, compared with ¥2,200 million in proceeds from long-term borrowings.
  27. FY2019-Q3AdvancedAnnual report

    「Short-term borrowings 3,109 2,950 Long-term borrowings 1,619 1,561」

    Outstanding borrowings at the end of the third quarter decreased from the end of the previous consolidated fiscal year, confirming concrete progress in reducing borrowings.
  28. FY2019-Q2AdvancedAnnual report

    「Net cash used in financing activities was ¥245 million, an increase of ¥530 million year on year. The main factors were ¥1,100 million in proceeds from long-term borrowings, ¥1,167 million in repayments of long-term borrowings and ¥154 million in dividend payments.」

    Repayments of long-term borrowings of ¥1,167 million exceeded borrowing proceeds of ¥1,100 million, indicating concrete progress in reducing borrowings.
  29. FY2019-Q1AdvancedAnnual report

    「Short-term borrowings 3,109 3,094 Long-term borrowings 1,619 1,584」

    Outstanding borrowings at the end of the first quarter decreased from the end of the previous consolidated fiscal year, confirming progress in reducing borrowings.
  30. FY2018AdvancedAnnual report

    「The main capital expenditures during the current consolidated fiscal year consisted of small-scale projects, including replacement of aging equipment and modifications to core business systems. Surplus funds were applied to repayments of borrowings. As a result, net cash provided by operating activities was ¥1,926 million, net cash used in investing activities was ¥644 million and net cash used in financing activities was ¥845 million.」

    The Company limited capital expenditures to small-scale projects and applied surplus funds to repayments of borrowings. Repayments of long-term borrowings were ¥2,367 million, compared with borrowing proceeds of ¥1,800 million.
  31. FY2018-Q3AdvancedAnnual report

    「Liabilities at the end of the third quarter consolidated accounting period totaled ¥19,224 million, up ¥814 million from the end of the previous consolidated fiscal year, mainly because notes and accounts payable increased by ¥1,412 million, while long-term borrowings decreased by ¥266 million, short-term borrowings by ¥180 million and income taxes payable by ¥142 million.」

    Long-term borrowings decreased by ¥266 million and short-term borrowings by ¥180 million from the end of the previous fiscal year, confirming concrete progress in reducing borrowings.
  32. FY2018-Q2AdvancedAnnual report

    「Net cash used in financing activities was ¥775 million, a decrease of ¥135 million year on year. The main factors were ¥1,800 million in proceeds from borrowings, ¥2,397 million in repayments of borrowings and ¥154 million in dividend payments.」

    Repayments of borrowings of ¥2,397 million exceeded borrowing proceeds of ¥1,800 million, indicating concrete progress in reducing borrowings.
  33. FY2018-Q1AdvancedAnnual report

    「Liabilities at the end of the first quarter consolidated accounting period totaled ¥18,224 million, down ¥185 million from the end of the previous consolidated fiscal year, mainly because short-term borrowings decreased by ¥341 million and income taxes payable decreased by ¥167 million, while notes and accounts payable increased by ¥244 million.」

    Short-term borrowings decreased by ¥341 million and long-term borrowings by ¥17 million from the end of the previous fiscal year, confirming progress in reducing borrowings.
  34. FY2017AdvancedAnnual report

    「Net cash used in financing activities was ¥882 million. The main factors were ¥4,652 million in repayments of borrowings, ¥3,950 million in proceeds from borrowings and ¥154 million in dividend payments.」

    Repayments of borrowings of ¥4,652 million exceeded borrowing proceeds of ¥3,950 million, indicating progress in reducing borrowings for the fiscal year.
  35. FY2017-Q3AdvancedAnnual report

    「Liabilities at the end of the third quarter consolidated accounting period totaled ¥19,670 million, up ¥173 million from the end of the previous consolidated fiscal year, mainly because notes and accounts payable increased by ¥387 million, equipment-related notes payable by ¥138 million and other accounts payable by ¥89 million, while short-term borrowings decreased by ¥281 million and long-term borrowings by ¥162 million.」

    Short- and long-term borrowings have decreased, confirming progress in reducing borrowings.
  36. FY2017-Q2AdvancedAnnual report

    「Net cash used in financing activities was ¥640 million. The main factors were ¥1,600 million in proceeds from borrowings, ¥2,060 million in repayments of borrowings and ¥154 million in dividend payments.」

    Repayments of borrowings of ¥2,060 million exceeded borrowing proceeds of ¥1,600 million, indicating concrete progress in reducing borrowings.
  37. FY2016First statedAnnual report

    「The Company is working to reduce borrowings by improving asset efficiency and taking other measures.」

    The Company cited improving asset efficiency and reducing borrowings as measures to address financial risk.
Moved together

"High Reliance on Borrowings and Interest-Rate Risk" moved the same way as this thread, in the same document, in 30 of its 37 moves.

302117121110★123456
  1. ★This thread
  2. 1High Reliance on Borrowings and Interest-Rate Risk30×
  3. 2Product Sales Expansion and Active Sales Activities21×
  4. 3Strengthening the Focus on Technical Resources and Advancing Fundamental and Applied Research17×
  5. 4Weak Demand for Bridge and Plant Anticorrosion-Coating Projects12×
  6. 5Uncertainty over Domestic and Overseas Economic Conditions and China’s Economic Slowdown11×
  7. 6Increase in ordinary profit and profit attributable to owners of the parent despite declining sales10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shinto Paint's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Earnings of 2026-08-05: "Advanced".
News
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