Improving the Financial Position by Reducing Interest-Bearing Debt
First written in FY2016. 18 of 28 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-08-06.
Uacj moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings presentation
「Higher ingot market prices and other factors increased working capital requirements」
Despite the focus on reducing interest-bearing debt, the balance of interest-bearing debt increased due to higher working capital requirements resulting from elevated ingot market prices and other factors. - FY2026WorsenedAnnual report
「Cash flow from financing activities was an inflow of ¥25,435 million, compared with an inflow of ¥12,485 million in the previous fiscal year, mainly due to an increase in borrowings.」
Despite the stated aim of reducing interest-bearing debt, bonds and borrowings, including commercial paper, totaled ¥388,715 million, up from ¥340,735 million at the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Total liabilities amounted to ¥676,808 million, up 4.1% year on year, mainly due to an increase in borrowings and other factors.」
Despite the stated focus on reducing interest-bearing debt, total liabilities increased 4.1% from the end of the previous fiscal year, mainly due to an increase in borrowings. Net cash provided by financing activities was also ¥5,639 million. - FY2025WorsenedAnnual report
「Liabilities amounted to ¥650,418 million, up 6.2% year on year.」
Interest-bearing debt increased from ¥310,855 million at the end of the previous fiscal year to ¥340,735 million, and financing activities generated cash of ¥12,485 million. Although repayments also progressed, funding involving borrowings increased. - FY2025-H1WorsenedAnnual report
「Liabilities amounted to ¥626,179 million, up 2.3% year on year, due mainly to an increase in borrowings and other factors.」
Despite the focus on reducing interest-bearing debt, liabilities increased 2.3% from the end of the previous consolidated fiscal year, mainly due to an increase in borrowings. Financing activities also generated cash of ¥17,935 million. - FY2024AdvancedAnnual report
「Liabilities amounted to ¥612,384 million, down 2.4% year on year, mainly because the company proceeded with repayments of interest-bearing debt.」
The company proceeded with repayments of interest-bearing debt, and total liabilities decreased 2.4% from the end of the previous fiscal year. Interest-bearing debt also decreased from ¥340,384 million to ¥310,855 million, while financing activities resulted in cash use of ¥43,994 million. - FY2024-Q3Borrowing-related funding continued alongside a shift to cash outflows from repaymentsAnnual report
「Net cash used in financing activities amounted to ¥8,186 million, compared with net cash provided of ¥8,590 million in the year-earlier period.」
Financing activities shifted from cash provided of ¥8,590 million in the year-earlier period to cash used of ¥8,186 million, and repayments of long-term borrowings amounted to ¥40,571 million. At the same time, the net increase in short-term borrowings was ¥12,645 million and proceeds from long-term borrowings were ¥34,457 million, so funding involving borrowings also continued. - FY2024-Q2WorsenedAnnual report
「Net cash provided by financing activities amounted to ¥1,831 million, compared with ¥8,787 million in the year-earlier period.」
Financing activities continued to generate cash following the year-earlier period. The figures included a net increase in short-term borrowings of ¥20,750 million, proceeds from long-term borrowings of ¥25,357 million and repayments of long-term borrowings of ¥34,557 million, indicating that funding involving borrowings has continued. The increase in short-term borrowings and other factors runs counter to the policy of reducing interest-bearing debt. - FY2024-Q1WorsenedAnnual report
「Net cash provided by financing activities amounted to ¥10,596 million, compared with ¥16,276 million in the year-earlier period.」
Financing activities generated cash of ¥10,596 million in the current quarter. Borrowings presented under IFRS also increased on an aggregate current and non-current basis, indicating that funding involving borrowings has continued despite the previous direction of reducing interest-bearing debt. - FY2023AdvancedAnnual report
「Net cash used in financing activities amounted to ¥19,089 million, mainly because the company proceeded with repayments of long-term borrowings. In the previous fiscal year, financing activities used ¥652 million.」
As the company proceeded with repayments of long-term borrowings, financing activities resulted in cash use of ¥19,100 million. Long-term borrowings also decreased from ¥197,526 million to ¥179,030 million, while total liabilities, including short-term borrowings and other debt, increased. - FY2023-Q3WorsenedAnnual report
「Short-term borrowings 103,696 127,181 Current portion of long-term borrowings 38,225 45,359 Commercial paper － 20,000 Long-term borrowings 197,526 179,194」
Funding through short-term borrowings, the current portion of long-term borrowings and commercial paper increased, indicating movement in the opposite direction from the policy of reducing interest-bearing debt even after accounting for the decrease in long-term borrowings. - FY2023-Q2WorsenedAnnual report
「Net cash provided by financing activities amounted to ¥21,717 million, mainly due to an increase in short-term borrowings. In the year-earlier period, financing activities used ¥1,171 million.」
Financing activities shifted from cash use due to repayments of borrowings in the year-earlier period to cash provided of ¥21,717 million due to an increase in short-term borrowings and other factors. Funding trends in the opposite direction from the policy of reducing interest-bearing debt have re-emerged. - FY2023-Q1WorsenedAnnual report
「Due to increases in inventories associated with higher aluminum ingot prices and increases in interest-bearing debt, assets at the end of the first quarter of the current consolidated fiscal year amounted to ¥918,168 million, up 10.8% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥638,303 million, up 9.8%.」
Interest-bearing debt increased due in part to higher inventories resulting from rising metal prices, and liabilities increased 9.8% from the end of the previous fiscal year. Financial trends in the opposite direction from the previous policy of reducing interest-bearing debt have continued. - FY2022Repayments continued alongside an increase in debt due to working capital factorsAnnual report
「Interest-bearing debt (*) increased by ¥3,658 million, from ¥335,789 million at the end of the previous consolidated fiscal year to ¥339,447 million at the end of the current consolidated fiscal year. However, the company is improving its financial position by narrowing the scope of capital investment during the period of the Third Medium-Term Management Plan.」
While the company proceeded with repayments of long-term borrowings, interest-bearing debt increased by ¥3,658 million due to increases in inventories associated with higher metal prices and production volumes, as well as translation differences on foreign-currency borrowings. The disclosure also states the policy of improving the financial position by narrowing the scope of capital investment. - FY2022-Q2AdvancedAnnual report
「Cash used in financing activities amounted to ¥1,171 million, mainly because the company proceeded with repayments of borrowings. In the year-earlier period, financing activities generated ¥17,486 million.」
As the company proceeded with repayments of borrowings, financing activities resulted in cash use of ¥1,171 million. The disclosure indicates concrete progress in returning to the direction of reducing interest-bearing debt through repayments, following the shift to funding in the year-earlier period in preparation for the spread of COVID-19. - FY2022-Q1WorsenedAnnual report
「Due to increases in inventories associated with higher aluminium ingot prices and an increase in interest-bearing debt, assets at the end of the first quarter of the fiscal year under review amounted to ¥776,354 million, up 5.9% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥565,646 million, up 5.4%.」
The increase in interest-bearing debt indicated financial trends in the opposite direction from the previous policy of reducing interest-bearing debt. - FY2021-Q3WorsenedAnnual report
「Cash and deposits and interest-bearing debt increased as the company secured sufficient funds for business operations in preparation for funding risks arising from the impact of the spread of COVID-19. However, due to decreases in property, plant and equipment resulting from depreciation and in consolidated subsidiaries following the sale of subsidiary shares, assets at the end of the third quarter of the current consolidated fiscal year amounted to ¥734,761 million, down 2.4% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥548,121 million, down 0.4%.」
In contrast to the policy of reducing interest-bearing debt, cash and deposits and interest-bearing debt increased as funds were secured in preparation for the spread of the infection. Although total liabilities decreased 0.4% from the end of the previous fiscal year, the movement away from the previous financial improvement through repayments has continued. - FY2021-Q2WorsenedAnnual report
「Funds raised through financing activities amounted to ¥17,486 million, as the company secured sufficient funds for business operations in preparation for funding risks arising from the impact of the spread of COVID-19. In the year-earlier period, the company repaid ¥14,121 million.」
The company raised ¥17,486 million as a precaution against funding risks associated with the spread of the infection, shifting from repayments in the year-earlier period to borrowing. The movement in the opposite direction from the previous policy of reducing interest-bearing debt has continued. - FY2021-Q1WorsenedAnnual report
「Cash and deposits and interest-bearing debt increased as the company secured sufficient funds for business operations in preparation for financing risks arising from the spread of COVID-19.」
The company secured funds as a precaution against funding risks associated with the spread of the infection, resulting in an increase in interest-bearing debt. Financial trends this time moved in the opposite direction from the previous policy of reducing interest-bearing debt. - FY2020-Q2AdvancedAnnual report
「Cash used in financing activities increased by ¥39,414 million year on year to ¥14,121 million, mainly because the company proceeded with repayments of borrowings.」
As the company proceeded with repayments of borrowings, financing activities resulted in cash use of ¥14,121 million. Following the previous trend of increasing borrowings associated with strategic investment and other factors, the company continues to implement financial improvement through repayments. - FY2020-Q1AdvancedAnnual report
「Liabilities amounted to ¥589,033 million, down 2.0% year on year, due mainly to repayments of interest-bearing debt.」
Although interest-bearing debt had continued to increase through the previous fiscal year due to strategic investment, liabilities decreased 2.0% from the end of the previous fiscal year in the current quarter due to repayments of interest-bearing debt and other factors. - FY2019WorsenedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt increased by ¥32,745 million from the end of the previous consolidated fiscal year to ¥375,080 million. This was due to increases in long-term borrowings and other debt associated with strategic investment and other factors.」
Interest-bearing debt increased by ¥32,745 million from the end of the previous fiscal year due to an increase in long-term borrowings associated with strategic investment and other factors, continuing the movement in the opposite direction from the previous debt-reduction trend. - FY2019-Q3WorsenedAnnual report
「Liabilities amounted to ¥607,221 million, up 7.3% year on year, due mainly to an increase in interest-bearing debt associated with strategic investments in Tri-Arrows Aluminum Inc., UACJ (Thailand) Co., Ltd. and other investments.」
The increase in interest-bearing debt associated with strategic investment in North America and Thailand has continued, clearly indicating financial trends in the opposite direction from the previous policy of reducing interest-bearing debt. - FY2019-Q2Borrowing increases moved financials in the opposite direction from the debt-reduction policyAnnual report
「Funds raised through financing activities increased by ¥23,124 million year on year, or 1065.9%, to ¥25,293 million, mainly due to funds raised through borrowings and other means.」
Funding through borrowings increased significantly from the year-earlier period, indicating cash flows in the opposite direction from the previous initiative to reduce interest-bearing debt. - FY2017Debt increased due to strategic investmentAnnual report
「At the end of the consolidated fiscal year under review, consolidated interest-bearing debt had increased by ¥34,819 million from the end of the previous consolidated fiscal year to ¥323,825 million. This was due to increases in long-term borrowings and other debt associated with strategic investments and other factors.」
In contrast to the existing initiative to reduce interest-bearing debt, the balance increased during the current fiscal year due to strategic investment and other factors. - FY2016First statedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt decreased by ¥6,947 million from the end of the previous consolidated fiscal year to ¥289,006 million, as a result of efforts to reduce it.」
The company identifies the reduction of interest-bearing debt as a specific initiative to improve its financial position.