Improving Cash Flow and Reducing Interest-Bearing Debt
First written in FY2016. 16 of 37 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
Sanix Holdings moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Cash flows from operating activities amounted to ¥2,158 million, compared with ¥2,648 million in the previous fiscal year. Interest-bearing debt, including borrowings and lease obligations, amounted to ¥12,598 million at the end of the consolidated fiscal year. Cash and cash equivalents amounted to ¥4,572 million at the end of the consolidated fiscal year.」
Operating cash flow remained positive but declined from ¥2,648 million in the previous fiscal year to ¥2,158 million, while cash and cash equivalents also decreased. Interest-bearing debt amounted to ¥12,598 million, indicating deterioration in both cash flow improvement and interest-bearing debt reduction. - FY2026-H1WorsenedAnnual report
「Cash and cash equivalents decreased by ¥431 million from the end of the previous fiscal year to ¥4,254 million at the end of the interim consolidated accounting period. Cash flows from operating activities amounted to ¥1,056 million, compared with ¥1,143 million in the same period of the previous year. Total liabilities amounted to ¥28,170 million, an increase of ¥1,685 million from the end of the previous fiscal year. Non-current liabilities amounted to ¥11,093 million, an increase of ¥1,519 million from the end of the previous fiscal year. The main factors were increases of ¥1,231 million in long-term borrowings and ¥333 million in other liabilities, reflecting an increase in long-term accounts payable.」
Operating cash flow remained positive but declined year on year, while cash and cash equivalents decreased by ¥431 million. Total liabilities increased by ¥1,685 million and long-term borrowings by ¥1,231 million, indicating deterioration in both cash generation and interest-bearing debt reduction. - FY2025-H1Operating cash flow remained positive but declined year on year, and cash also decreasedAnnual report
「Cash flows from operating activities amounted to ¥1,143 million, compared with ¥2,274 million in the same period of the previous year. Cash and cash equivalents decreased by ¥1,030 million from the end of the previous fiscal year to ¥5,239 million at the end of the interim consolidated accounting period.」
Operating cash flow remained positive but declined year on year, while cash and cash equivalents also decreased by ¥1,030 million from the end of the period, mainly due to ¥2,660 million in cash used in investing activities. No explicit progress has been made in reducing interest-bearing debt. - FY2024Positive operating cash flow and higher cash, but increased interest-bearing debtAnnual report
「Cash flow from operating activities was an inflow of ¥4,821 million, compared with an inflow of ¥5,034 million in the previous fiscal year. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥11,719 million.」
Operating cash flow remained positive at an inflow of ¥4,821 million, and cash and cash equivalents increased to ¥6,269 million. However, interest-bearing debt increased from ¥11,462 million at the end of the previous fiscal year to ¥11,719 million, so debt reduction and cash generation did not progress simultaneously. - FY2024-Q3Decrease in total liabilities and increase in equity ratioAnnual report
「Total liabilities were ¥27,238 million, down ¥279 million from the end of the previous fiscal year. Total net assets were ¥7,929 million, up ¥1,861 million from the end of the previous fiscal year. As a result, the equity ratio was 22.5%, compared with 18.0% at the end of the previous fiscal year.」
Total liabilities decreased by ¥279 million, while net assets and the equity ratio increased. However, no cash flow statement was prepared for the cumulative third quarter, and progress in cash flow improvement was not directly disclosed. - FY2024-Q2Operating cash flow remained positive but declined year on year, while liabilities increasedAnnual report
「Cash flow from operating activities was an inflow of ¥2,274 million, compared with an inflow of ¥3,237 million in the same period of the previous year. Cash and cash equivalents at the end of the consolidated second quarter were ¥4,440 million. Total liabilities were ¥27,985 million, up ¥467 million from the end of the previous fiscal year. The main factors were increases of ¥1,196 million in other accounts payable and ¥391 million in short-term borrowings. Cash flow from financing activities was an outflow of ¥397 million, compared with an outflow of ¥1,046 million in the same period of the previous year.」
Operating cash flow remained positive but decreased from ¥3,237 million in the same period of the previous year to ¥2,274 million. Cash and cash equivalents increased by ¥523 million from the beginning of the period, while total liabilities and short-term borrowings increased. - FY2024-Q1Cash declined alongside a modest decrease in liabilitiesAnnual report
「The main factors were an increase of ¥272 million in raw materials and supplies and a decrease of ¥1,111 million in cash and deposits. As a result, total liabilities were ¥27,475 million, down ¥42 million from the end of the previous fiscal year. The equity ratio was 18.3%, compared with 18.0% at the end of the previous fiscal year.」
Cash and deposits decreased by ¥1,111 million, while total liabilities decreased by ¥42 million, mainly due to a ¥341 million decrease in long-term borrowings. The equity ratio rose from 18.0% to 18.3%. No quarterly consolidated cash flow statement was prepared. - FY2023-Q3AdvancedAnnual report
「Total liabilities were ¥29,673 million, down ¥548 million from the end of the previous fiscal year. The main factors were an increase of ¥503 million in other accounts payable and increases of ¥3,515 million in long-term borrowings and ¥994 million in the current portion of long-term borrowings resulting from the refinancing of short-term borrowings with long-term borrowings, offset by a ¥5,768 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥5,768 million and were refinanced with long-term borrowings, resulting in a ¥548 million decrease in total liabilities. The equity ratio also rose from 13.5% to 15.3%. However, no quarterly consolidated cash flow statement was prepared. - FY2023-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥3,237 million, compared with an inflow of ¥238 million in the same period of the previous year. Total liabilities were ¥28,994 million, down ¥1,227 million from the end of the previous fiscal year. The main factors were increases of ¥3,856 million in long-term borrowings and ¥1,002 million in the current portion of long-term borrowings resulting from the refinancing of short-term borrowings with long-term borrowings, together with decreases of ¥5,640 million in short-term borrowings and ¥465 million in notes and accounts payable.」
Operating cash flow improved from ¥238 million in the same period of the previous year to ¥3,237 million. Short-term borrowings decreased by ¥5,640 million and were refinanced with long-term borrowings, resulting in a ¥1,227 million decrease in total liabilities and an increase in the equity ratio from 13.5% to 15.2%. - FY2023-Q1AdvancedAnnual report
「Total liabilities were ¥29,485 million, down ¥736 million from the end of the previous fiscal year. The main factors were an increase of ¥385 million in other current liabilities due to an increase in consumption taxes payable, offset by decreases of ¥581 million in notes and accounts payable, ¥341 million in short-term borrowings, and ¥179 million in accrued income taxes. The equity ratio was 14.3% at the end of the consolidated first quarter, compared with 13.5% at the end of the previous fiscal year.」
Total liabilities decreased by ¥736 million, including a ¥341 million decrease in short-term borrowings, while cash and deposits increased by ¥1,249 million. The equity ratio also rose from 13.5% to 14.3%. However, no consolidated cash flow statement was prepared for the current quarter. - FY2022WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥3,067 million, compared with an inflow of ¥2,756 million in the previous fiscal year. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥15,268 million.」
Operating cash flow deteriorated from an inflow of ¥2,756 million in the previous fiscal year to an outflow of ¥3,067 million, while the balance of interest-bearing debt stood at ¥15,268 million. Cash and cash equivalents also decreased to ¥3,243 million. - FY2022-Q3Increase in liabilities and decline in equity ratio; quarterly cash flow statement not preparedAnnual report
「Total liabilities were ¥28,798 million, up ¥3,955 million from the end of the previous fiscal year. The main factors were increases of ¥1,155 million in other accounts payable and ¥679 million in notes and accounts payable, as well as increases in contract liabilities and other items due to the adoption of the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020), among others. Other current liabilities increased by ¥1,633 million. As a result, the equity ratio was 21.3% at the end of the consolidated third quarter, compared with 24.5% at the end of the previous fiscal year.」
Although short-term borrowings decreased, total liabilities, including contract liabilities and other items, increased by ¥3,955 million from the end of the previous fiscal year, and the equity ratio declined from 24.5% to 21.3%. No quarterly consolidated cash flow statement was prepared. - FY2022-Q2Decline in operating cash flow and increase in liabilities, with funding through bond issuanceAnnual report
「Cash flow from operating activities was an inflow of ¥238 million, compared with an inflow of ¥619 million in the same period of the previous year. Total liabilities were ¥25,996 million, up ¥1,153 million from the end of the previous fiscal year. Cash flow from financing activities was an inflow of ¥650 million, compared with an outflow of ¥424 million in the same period of the previous year. The main factor was an inflow of ¥1,000 million from bond issuance, despite an outflow of ¥500 million for bond redemptions.」
Operating cash flow decreased from ¥619 million in the same period of the previous year to ¥238 million. Although short-term borrowings decreased, total liabilities increased by ¥1,153 million from the end of the previous fiscal year due to bond issuance and other factors. - FY2022-Q1Short-term borrowings decreased, but total liabilities increased due to the adoption of accounting standards and other factorsAnnual report
「Total liabilities were ¥26,247 million, up ¥1,404 million from the end of the previous fiscal year. The main factors were a ¥700 million decrease in notes and accounts payable, more than offset by an increase of ¥807 million in other accounts payable and increases in contract liabilities and other items due to the adoption of the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020), among others. Other current liabilities increased by ¥1,265 million」
Short-term borrowings decreased from ¥6,630 million to ¥6,232 million, and long-term borrowings and other items also decreased slightly. However, total liabilities increased by ¥1,404 million from the end of the previous fiscal year due to increases in contract liabilities and other items. No quarterly consolidated cash flow statement was prepared. - FY2021AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥2,756 million, compared with an inflow of ¥4,080 million in the previous fiscal year. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥11,462 million」
Operating cash flow remained positive at an inflow of ¥2,756 million, and interest-bearing debt decreased from ¥12,397 million at the end of the previous fiscal year to ¥11,462 million. Progress was shown in both cash flow improvement and interest-bearing debt reduction. - FY2021-Q3AdvancedAnnual report
「Total liabilities were ¥24,695 million, down ¥1,762 million from the end of the previous fiscal year. The main factors were decreases of ¥1,101 million in short-term borrowings and ¥626 million in accrued income taxes」
Total liabilities decreased by ¥1,762 million from the end of the previous fiscal year, and short-term borrowings also decreased by ¥1,101 million. Progress was made in reducing balances related to interest-bearing debt, but no cash flow statement was prepared for the current quarter. - FY2021-Q2Liability reduction progresses while operating cash flow inflows declineAnnual report
「Total liabilities were ¥23,456 million, down ¥3,001 million from the end of the previous fiscal year. The main factors were decreases of ¥1,196 million in notes and accounts payable, ¥922 million in other accounts payable, and ¥873 million in short-term borrowings」
Total liabilities and short-term borrowings decreased, indicating progress in reducing interest-bearing debt. However, cash flow from operating activities was an inflow of ¥619 million, down from ¥819 million in the same period of the previous year. - FY2021-Q1AdvancedAnnual report
「Total liabilities were ¥24,129 million, down ¥2,329 million from the end of the previous fiscal year. The main factors were decreases of ¥884 million in notes and accounts payable, ¥674 million in other accounts payable, ¥494 million in accrued income taxes, and ¥403 million in short-term borrowings」
Total liabilities decreased by ¥2,329 million from the end of the previous fiscal year, and short-term borrowings also decreased by ¥403 million. A decrease in balances related to interest-bearing debt reduction was shown, but no cash flow statement was prepared for the current quarter. - FY2020AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥4,080 million, compared with an outflow of ¥25 million in the previous fiscal year. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥12,397 million.」
Operating cash flow improved from an outflow of ¥25 million in the previous fiscal year to an inflow of ¥4,080 million. The balance of interest-bearing debt also decreased from ¥13,474 million at the end of the previous fiscal year to ¥12,397 million. - FY2020-Q3AdvancedAnnual report
「Total liabilities were ¥26,232 million, down ¥582 million from the end of the previous fiscal year. The main factors were increases of ¥724 million in long-term borrowings and ¥500 million in bonds, offset by a decrease of ¥1,836 million in short-term borrowings. No quarterly consolidated cash flow statement was prepared for the cumulative third quarter.」
Total liabilities decreased by ¥582 million from the end of the previous fiscal year, and short-term borrowings also decreased by ¥1,836 million. Although progress was shown in reducing interest-bearing debt, long-term borrowings and bonds increased, and no quarterly consolidated cash flow statement was prepared. - FY2020-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥819 million, compared with an outflow of ¥1,468 million in the same period of the previous year. The main factors were a decrease of ¥1,356 million in other accounts payable, the recording of quarterly profit before income taxes of ¥1,429 million, and a decrease of ¥897 million in trade receivables. Total liabilities were ¥24,829 million, down ¥1,985 million from the end of the previous fiscal year. The main factors were decreases of ¥2,170 million in short-term borrowings and ¥1,273 million in other accounts payable, partly offset by increases of ¥830 million in long-term borrowings and ¥500 million in bonds.」
Operating cash flow improved from an outflow of ¥1,468 million in the same period of the previous year to an inflow of ¥819 million. Short-term borrowings also decreased by ¥2,170 million, and total liabilities decreased by ¥1,985 million. - FY2020-Q1AdvancedAnnual report
「Total liabilities were ¥25,410 million, down ¥1,405 million from the end of the previous fiscal year. The main factors were decreases of ¥392 million in notes and accounts payable, ¥843 million in short-term borrowings, and ¥758 million in other accounts payable.」
Short-term borrowings decreased by ¥843 million from the end of the previous fiscal year, and total liabilities also decreased by ¥1,405 million. Although progress was shown in reducing interest-bearing debt, no consolidated cash flow statement was prepared for the cumulative first quarter, so the status of operating cash flow cannot be directly confirmed. - FY2019WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥25 million, compared with an inflow of ¥2,184 million in the previous fiscal year. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥13,474 million.」
Operating cash flow deteriorated from an inflow of ¥2,184 million in the previous fiscal year to an outflow of ¥25 million, while the balance of interest-bearing debt increased from ¥12,780 million at the end of the previous fiscal year to ¥13,474 million. - FY2019-Q3WorsenedAnnual report
「Total assets at the end of the consolidated third quarter were ¥29,865 million, down ¥72 million from the end of the previous fiscal year. The main factors were decreases of ¥1,016 million in cash and deposits and ¥214 million in notes and accounts receivable, and increases of ¥920 million in merchandise and finished goods and ¥141 million in machinery, equipment and vehicles. Total liabilities were ¥25,649 million, down ¥212 million from the end of the previous fiscal year. The main factors were a decrease of ¥1,260 million in notes and accounts payable and an increase of ¥958 million in short-term borrowings. No quarterly consolidated cash flow statement was prepared for the cumulative third quarter.」
Cash and deposits decreased by ¥1,016 million, while short-term borrowings increased by ¥958 million. Although total liabilities decreased, the increase in short-term borrowings ran counter to the target of reducing interest-bearing debt, and progress in operating cash flow cannot be directly confirmed because no quarterly consolidated cash flow statement was prepared. - FY2019-Q2WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥1,468 million, compared with an inflow of ¥44 million in the same period of the previous year. Cash flow from financing activities was an inflow of ¥642 million, compared with an outflow of ¥1,184 million in the same period of the previous year. The main factor was a net increase of ¥742 million in short-term borrowings.」
Operating cash flow deteriorated from an inflow of ¥44 million in the same period of the previous year to an outflow of ¥1,468 million, while short-term borrowings increased by ¥742 million. Indicators for cash flow improvement and interest-bearing debt reduction deteriorated during this period. - FY2019-Q1AdvancedAnnual report
「Total liabilities were ¥24,289 million, down ¥1,571 million from the end of the previous fiscal year. The main factors were decreases of ¥1,107 million in notes and accounts payable, ¥288 million in short-term borrowings, and ¥166 million in other accounts payable.」
Short-term borrowings decreased by ¥288 million from the end of the previous fiscal year, and total liabilities also decreased by ¥1,571 million. However, no consolidated cash flow statement was prepared for the cumulative first quarter, so progress in operating cash flow cannot be directly confirmed. - FY2018AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥2,184 million, compared with an inflow of ¥1,668 million in the previous fiscal year. The main factors were a net decrease of ¥1,284 million in short-term borrowings and an outflow of ¥553 million due to the repayment of long-term borrowings. At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥12,780 million.」
Operating cash flow increased from ¥1,668 million in the previous fiscal year to ¥2,184 million, while interest-bearing debt decreased from ¥14,634 million at the end of the previous fiscal year to ¥12,780 million due to the repayment of short-term and long-term borrowings. - FY2018-Q3AdvancedAnnual report
「The Group's interest-bearing debt is ¥13,133 million, a high level relative to available liquidity」
Interest-bearing debt decreased from ¥13,652 million at the end of the previous quarter to ¥13,133 million, indicating progress in debt reduction. However, it was still described as high relative to available liquidity. - FY2018-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥44 million, compared with an outflow of ¥2,251 million in the same period of the previous year.」
Operating cash flow improved from an outflow of ¥2,251 million in the same period of the previous year to an inflow of ¥44 million. Interest-bearing debt also decreased to ¥13,652 million from ¥14,110 million at the end of the previous quarter, but was still described as high. - FY2018-Q1AdvancedAnnual report
「To resolve this situation, the Group is implementing the measures described in “3. Analysis of the Financial Position, Operating Results and Cash Flow (5) Analysis of and Details of Consideration Regarding Significant Events and Other Matters Related to the Going Concern Assumption, and Measures to Resolve or Improve Them,” with the aim of improving profitability and strengthening its financial position. However, the Group is still in the process of achieving the targets of its medium-term management plan, and its interest-bearing debt is high at ¥14,110 million relative to available liquidity. The Group recognizes that significant events or circumstances that raise substantial doubt about the going concern assumption therefore still exist.」
Interest-bearing debt decreased from ¥14,634 million at the end of the previous fiscal year to ¥14,110 million, but remained high. No quarterly consolidated cash flow statement was prepared, so progress in cash flow improvement cannot be directly confirmed. - FY2017Positive operating cash flow alongside increased interest-bearing debtAnnual report
「The Group will implement measures addressing the issues it needs to resolve, with the aim of achieving sustained profitability and stable, continued growth. These measures will also improve cash flow, reduce interest-bearing debt, and help stabilize its financial position.」
Cash flow from operating activities was an inflow of ¥1,668 million, while interest-bearing debt was ¥14,634 million, up from ¥12,872 million at the end of the previous fiscal year. - FY2017-Q3Progress toward profitability alongside persistently high interest-bearing debtAnnual report
「For the cumulative third quarter of the current fiscal year, the company recorded operating profit of ¥674 million, ordinary profit of ¥452 million, and quarterly net profit attributable to owners of the parent of ¥51 million. However, the Group is still in the process of achieving the targets of its medium-term management plan, and its interest-bearing debt is high at ¥15,360 million relative to available liquidity」
Profitability improved, but interest-bearing debt remained high at ¥15,360 million, and no cash flow statement was prepared. The company did not state that its targets for cash flow improvement and interest-bearing debt reduction had been achieved. - FY2017-Q2Improved operating cash flow and increased interest-bearing debtAnnual report
「Cash flow from operating activities was an outflow of ¥2,251 million, compared with an outflow of ¥6,640 million in the same period of the previous year.」
The operating cash flow deficit narrowed from the same period of the previous year, while interest-bearing debt increased to ¥15,785 million. Cash flow improvement and interest-bearing debt reduction therefore did not progress simultaneously. - FY2017-Q1RestatedAnnual report
「To resolve this situation, the company is implementing the measures described in “3. Analysis of the Financial Position, Operating Results and Cash Flow (10) Analysis of and Details of Consideration Regarding Significant Events and Other Matters Related to the Going Concern Assumption, and Measures to Resolve or Improve Them,” with the aim of improving profitability and strengthening its financial position.」
The company continues to pursue policies to improve profitability and strengthen its financial position. However, interest-bearing debt remains high at ¥15,157 million relative to available liquidity, and no cash flow statement has been prepared in the quarterly report. - FY2016First statedAnnual report
「Through the measures in its medium-term management plan, the Group aims to achieve sustained profitability and continued growth. These measures will also drive improvements in cash flow, reduce interest-bearing debt, and help stabilize its financial position.」
The company aims to achieve profitability, improve cash flow, reduce interest-bearing debt, and stabilize its financial position through the measures in its medium-term management plan.