Strengthening the Financial Position and Reducing Interest-Bearing Debt
First written in FY2019. 14 of 22 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026.
Sakura Rubber moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
29 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In terms of financing, the combined balance of bonds, long-term borrowings and short-term borrowings was 132.6% of the previous fiscal year's level. Although the balance increased to meet working capital requirements for inventories and other needs, the company believes that interest-bearing debt has remained at an appropriate level.」
Contrary to the previous policy of reducing interest-bearing debt, the combined balance increased to 132.6% of the previous fiscal year's level to meet working capital requirements for inventories and other needs associated with increased orders. - 2026-05-15WorsenedResults
「短期借入金が970百万円、未払法人税等が344百万円それぞれ増加したことによるものです。」
流動負債が増加し、短期借入金も増加している。 - FY2026-H1Decrease in long-term liabilities alongside an increase in short-term borrowingsAnnual report
「Current liabilities for the interim consolidated accounting period were ¥4,343 million, down ¥1,008 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥705 million decrease in notes and accounts payable, trade. Long-term liabilities were ¥1,997 million, down ¥180 million from the end of the previous consolidated fiscal year.」
While long-term liabilities decreased by ¥180 million from the end of the previous consolidated fiscal year, short-term borrowings and current portions of long-term borrowings increased on the balance sheet, indicating that the reduction of interest-bearing debt has involved changes in the composition of borrowings. - FY2025-H1AdvancedAnnual report
「Long-term liabilities were ¥2,276 million, down ¥83 million from the end of the previous consolidated fiscal year.」
Long-term liabilities decreased by ¥83 million from the end of the previous consolidated fiscal year, and the figures as of the end of the interim period indicate progress consistent with strengthening the financial position and reducing liabilities. - FY2024AdvancedAnnual report
「In terms of financing, the combined balance of bonds, long-term borrowings and short-term borrowings was 94.6% of the previous fiscal year's level. The company reduced interest-bearing debt using cash provided by operating activities.」
The company reduced interest-bearing debt using cash provided by operating activities, bringing the balance down to 94.6% of the previous fiscal year's level. - FY2024-Q3WorsenedAnnual report
「Long-term liabilities were ¥2,767 million, an increase of ¥198 million from the end of the previous consolidated fiscal year.」
While pursuing the reduction of interest-bearing debt, long-term liabilities have increased by ¥198 million from the end of the previous consolidated fiscal year. - FY2024-Q2WorsenedAnnual report
「Long-term liabilities were ¥2,667 million, an increase of ¥98 million from the end of the previous consolidated fiscal year.」
Long-term liabilities increased by ¥98 million from the end of the previous consolidated fiscal year, and liabilities have continued to increase despite the goal of reducing interest-bearing debt. - FY2024-Q1WorsenedAnnual report
「Long-term liabilities were ¥2,811 million, an increase of ¥242 million from the end of the previous consolidated fiscal year.」
While pursuing the reduction of interest-bearing debt, long-term liabilities increased by ¥242 million from the end of the previous consolidated fiscal year, and long-term borrowings also increased from ¥1,446 million to ¥1,563 million. - FY2023AdvancedAnnual report
「During the consolidated fiscal year, the company reduced interest-bearing debt using proceeds from the sale of fixed assets, in consideration of the reduced impact of COVID-19 and other factors. As a result, the balance decreased from the previous fiscal year.」
The company reduced interest-bearing debt using proceeds from the sale of fixed assets, bringing the balance down to 90.2% of the previous fiscal year's level. - FY2023-Q3Decrease in non-current liabilitiesAnnual report
「Long-term liabilities were ¥2,708 million, down ¥71 million from the end of the previous consolidated fiscal year.」
Long-term liabilities decreased by ¥71 million from the end of the previous consolidated fiscal year, reversing the upward trend that had continued through the previous quarter. - FY2023-Q2Decrease in long-term liabilities and changes in borrowing compositionAnnual report
「Current liabilities for the second quarter of the current consolidated fiscal year were ¥3,206 million, down ¥943 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,088 million decrease in notes and accounts payable, trade. Long-term liabilities were ¥2,710 million, down ¥69 million from the end of the previous consolidated fiscal year.」
Both current and long-term liabilities decreased from the end of the previous consolidated fiscal year. Long-term borrowings, however, increased, indicating that efforts to strengthen the financial position and reduce interest-bearing debt have involved changes in the composition of borrowings. - FY2023-Q1WorsenedAnnual report
「Long-term liabilities were ¥2,862 million, an increase of ¥82 million from the end of the previous consolidated fiscal year.」
While pursuing the reduction of interest-bearing debt, long-term liabilities have increased by ¥82 million from the end of the previous consolidated fiscal year. - FY2022Interest-bearing debt reduction falls short despite a smaller increaseAnnual report
「In terms of financing, the combined balance of bonds, long-term borrowings and short-term borrowings was 102.7% of the previous fiscal year's level. Although operating cash flow remained only slightly positive amid difficult business conditions, the company believes that interest-bearing debt has remained at an appropriate level because it reduced investment in fixed assets and maintained a higher level of cash on hand than in the previous fiscal year in consideration of the impact of the spread of COVID-19, among other factors.」
Interest-bearing debt increased to 102.7% of the previous fiscal year's level, but the increase was smaller than the 107.1% recorded in the previous fiscal year. The balance nevertheless continues to increase against the debt-reduction target. - FY2022-Q3WorsenedAnnual report
「Long-term liabilities were ¥2,899 million, an increase of ¥294 million from the end of the previous consolidated fiscal year.」
Even after setting out the goals of strengthening the financial position and reducing interest-bearing debt, long-term liabilities have increased by ¥294 million from the end of the previous consolidated fiscal year. - FY2022-Q2WorsenedAnnual report
「Current liabilities for the second quarter of the current consolidated fiscal year were ¥2,949 million, down ¥1,656 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,147 million decrease in notes and accounts payable, trade. Long-term liabilities were ¥2,704 million, up ¥99 million from the end of the previous consolidated fiscal year.」
While current liabilities decreased, long-term liabilities increased by ¥99 million from the end of the previous consolidated fiscal year, and the increase in the composition of liabilities has continued despite the goal of reducing interest-bearing debt. - FY2022-Q1WorsenedAnnual report
「Current liabilities for the first quarter of the current consolidated fiscal year were ¥3,540 million, down ¥1,066 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,115 million decrease in notes and accounts payable, trade, despite a ¥140 million increase in short-term borrowings. Long-term liabilities were ¥2,540 million, down ¥65 million from the end of the previous consolidated fiscal year.」
After setting out the goal of reducing interest-bearing debt, short-term borrowings have increased by ¥140 million. Although long-term liabilities decreased by ¥65 million, the composition of borrowings continues to change. - FY2021WorsenedAnnual report
「In terms of financing, the combined balance of bonds, long-term borrowings and short-term borrowings was 107.1% of the previous fiscal year's level. Interest-bearing debt increased because the company incurred expenditures related to land acquisitions during the fiscal year, as in the previous fiscal year, and maintained a higher level of cash on hand than in the previous fiscal year in consideration of the impact of the spread of COVID-19.」
Against the goals of strengthening the financial position and reducing interest-bearing debt, the balance of interest-bearing debt increased to 107.1% of the previous fiscal year's level. - FY2021-Q3WorsenedAnnual report
「Long-term liabilities were ¥2,856 million, an increase of ¥115 million from the end of the previous consolidated fiscal year.」
Even after setting out the goals of strengthening the financial position and reducing interest-bearing debt, long-term liabilities have increased by ¥115 million from the end of the previous consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「In addition, fixed liabilities amounted to ¥2,766 million, up ¥24 million from the end of the previous consolidated fiscal year.」
Even after stating its goal of reducing interest-bearing debt, fixed liabilities increased by ¥24 million from the end of the previous consolidated fiscal year. - FY2021-Q1WorsenedAnnual report
「In addition, long-term borrowings increased by ¥126 million, bringing fixed liabilities to ¥2,856 million, up ¥114 million from the end of the previous consolidated fiscal year.」
After stating its goal of reducing interest-bearing debt, the company reported that long-term borrowings and fixed liabilities had increased from the end of the previous consolidated fiscal year. - FY2020-Q3WorsenedAnnual report
「In addition, long-term borrowings increased by ¥438 million, bringing fixed liabilities to ¥2,748 million, up ¥367 million from the end of the previous consolidated fiscal year.」
After stating its goals of strengthening its financial position and reducing interest-bearing debt, the company reported that, as of the end of the third quarter, long-term borrowings had increased by ¥438 million and fixed liabilities had increased by ¥367 million from the end of the previous consolidated fiscal year. - FY2019First statedAnnual report
「In financing-related matters, the combined balance of bonds, including those due for redemption within 1 year, long-term borrowings, including those due for repayment within 1 year, and short-term borrowings was 97.4% of the previous fiscal year's level. The company aims to strengthen its financial position, and recognizes that it achieved effective financing by reducing interest-bearing debt while maintaining cash and deposits at a certain level.」
The company disclosed for the first time its policy of reducing interest-bearing debt while maintaining cash and deposits at a certain level, with the aim of strengthening its financial position, as well as the resulting outcome.