Balancing Financial Position Improvement with Growth Investment
First written in FY2016. 16 of 31 entries say "Worsened", first in FY2017. Latest entry: 2026-08-06.
Uacj moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 3 of 37 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As working capital has increased due to soaring aluminium ingot prices, we will reduce inventories and optimise production capacity to maintain and strengthen our financial position while securing funds for growth.」
While aiming to maintain and strengthen its financial position, the company reported that higher working capital due to soaring ingot prices continued and that total liabilities amounted to ¥736,360 million, up 13.2% from the end of the previous fiscal year. Inventory reductions and production-capacity optimisation were identified as countermeasures. - FY2026-H1WorsenedAnnual report
「Due to increases in inventories, capital investment and other factors, total assets at the end of the interim period of the fiscal year under review amounted to ¥1,005,528 million, up 3.7% from the end of the previous consolidated fiscal year. Total liabilities amounted to ¥676,808 million, up 4.1%, due mainly to higher borrowings and other factors. Total equity amounted to ¥328,719 million, up 2.9%, due mainly to recognition of interim profit attributable to owners of the parent and other factors.」
While pursuing both growth investment and financial improvement, the company reported that liabilities increased 4.1% from the end of the previous fiscal year due to higher capital investment and borrowings. Equity also increased 2.9%, but the financial burden of higher liabilities was noted. - FY2025WorsenedAnnual report
「As working capital has increased due to soaring aluminium ingot prices, we will reduce inventories and optimise production capacity to maintain and strengthen our financial position while securing funds for growth.」
While aiming to maintain and strengthen its financial position, the company reported that liabilities amounted to ¥650,418 million, up 6.2% from the end of the previous fiscal year, in addition to higher working capital due to soaring ingot prices. - 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.」
While pursuing both growth investment and financial improvement, the company reported that liabilities increased 2.3% from the end of the previous consolidated fiscal year, mainly due to higher borrowings. - FY2024AdvancedAnnual report
「We will carry forward the spirit of structural reform, pursue higher capital efficiency and strengthen our financial position to make it more resilient to short- and long-term changes in the business environment. • Asset efficiency: We will seek to improve asset efficiency and generate funds by shortening the CCC (cash conversion cycle), primarily through inventory reductions, and optimising production capacity.」
Under the Fourth Medium-Term Management Plan, the company has carried forward the spirit of structural reform and presented specific measures for financial improvement: higher capital efficiency, inventory reductions, a shorter CCC and production-capacity optimisation. - FY2024-Q3Slower growth in liabilities and continued growth in equityAnnual report
「Due to foreign currency translation effects and other factors, total assets at the end of the third quarter of the fiscal year under review amounted to ¥918,255 million, up 2.5% from the end of the previous consolidated fiscal year, while total liabilities amounted to ¥635,282 million, up 1.2%. Total equity amounted to ¥282,973 million, up 5.6%, due mainly to recognition of quarterly profit attributable to owners of the parent and an increase in translation differences of foreign operations.」
Liabilities increased 1.2% and equity increased 5.6% from the end of the previous consolidated fiscal year. Compared with the previous quarter's increases of 3.4% in liabilities and 7.9% in equity, both growth rates slowed, while equity continued to increase. - FY2024-Q2Slower growth in liabilities and continued growth in equityAnnual report
「Due to increases in inventories and the effects of foreign currency translation, total assets at the end of the second quarter of the fiscal year under review amounted to ¥938,304 million, up 4.8% from the end of the previous consolidated fiscal year, while total liabilities amounted to ¥649,031 million, up 3.4%. Total equity amounted to ¥289,273 million, up 7.9%, due mainly to recognition of quarterly profit attributable to owners of the parent and an increase in translation differences of foreign operations.」
While the previous quarter's trend of increases in both liabilities and equity continued, the year-on-year increase in liabilities from the end of the previous fiscal year slowed from 5.2% to 3.4%, while the increase in equity accelerated from 5.3% to 7.9%. - FY2024-Q1Both liabilities and equity increasedAnnual report
「Due to increases in inventories and the effects of foreign currency translation, total assets at the end of the first quarter of the fiscal year under review amounted to ¥942,654 million, up 5.2% from the end of the previous consolidated fiscal year, while total liabilities amounted to ¥660,359 million, also up 5.2%. Total equity amounted to ¥282,295 million, up 5.3%, due mainly to recognition of quarterly profit attributable to owners of the parent and an increase in translation differences of foreign operations.」
Assets and liabilities both increased 5.2% due to higher inventories and foreign currency translation effects, while equity increased 5.3% due to recognition of profit and an increase in translation differences of foreign operations. - FY2023-Q3Higher liabilities coexisted with higher net assetsAnnual report
「Due to an increase in inventories associated with higher aluminium ingot prices, assets at the end of the third quarter of the fiscal year under review amounted to ¥901,082 million, up 8.7% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥627,189 million, up 7.9%. Net assets amounted to ¥273,893 million, up 10.6%, due mainly to recognition of a quarterly net profit attributable to owners of the parent and an increase in the foreign currency translation adjustment account.」
While assets and liabilities increased from the end of the previous fiscal year due to higher inventories associated with higher ingot prices and other factors, net assets also increased 10.6% due to recognition of profit and an increase in the foreign currency translation adjustment account. Higher liabilities and net assets continued to coexist in balancing financial improvement with growth investment. - FY2023-Q2Higher liabilities coexisted with higher net assetsAnnual report
「Due to an increase in inventories associated with higher aluminium ingot prices, assets at the end of the second quarter of the fiscal year under review amounted to ¥929,298 million, up 12.1% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥635,128 million, up 9.3%. Net assets amounted to ¥294,171 million, up 18.8%, due mainly to recognition of a quarterly net profit attributable to owners of the parent and an increase in the foreign currency translation adjustment account associated with the weaker yen.」
While liabilities increased 9.3% from the end of the previous fiscal year due to higher inventories associated with higher ingot prices, net assets also increased 18.8% due to recognition of profit and an increase in the foreign currency translation adjustment account resulting from the weaker yen. - FY2023-Q1Higher interest-bearing debt coexisted with higher net assetsAnnual 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 ¥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%. Net assets amounted to ¥279,865 million, up 13.0%, due mainly to recognition of a quarterly net profit attributable to owners of the parent and an increase in the foreign currency translation adjustment account.」
While liabilities increased 9.8% from the end of the previous fiscal year due to increases in inventories and interest-bearing debt associated with higher ingot prices, net assets also increased 13.0% due to recognition of profit and an increase in the foreign currency translation adjustment account. Higher liabilities and net assets coexisted in balancing financial improvement with growth investment. - FY2022RestatedAnnual report
「During the period of the Third Medium-Term Management Plan, we will improve our financial position by generating cash flow through focused investment and more efficient use of assets.」
The company reaffirmed its policy of balancing growth investment with financial improvement, using focused investment and greater asset efficiency under the Third Medium-Term Management Plan. - FY2022-Q3RestatedAnnual report
「Due to an increase in inventories associated with higher aluminium ingot prices, assets at the end of the third quarter of the fiscal year under review amounted to ¥809,239 million, up 10.4% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥584,229 million, up 8.9%. Net assets amounted to ¥225,010 million, up 14.5%, due mainly to recognition of a quarterly net profit attributable to owners of the parent and an increase in the foreign currency translation adjustment account.」
Assets and liabilities increased due to higher inventories and other factors, while net assets also increased due to recognition of profit and an increase in the foreign currency translation adjustment account. Higher liabilities and a recovery in net assets continued to coexist in balancing financial improvement with growth investment. - FY2022-Q2Higher liabilities coexisted with a recovery in net assetsAnnual report
「Due to an increase in inventories associated with higher aluminium ingot prices, assets at the end of the second quarter of the fiscal year under review amounted to ¥785,365 million, up 7.1% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥565,352 million, up 5.4%. Net assets amounted to ¥220,013 million, up 12.0%, due mainly to recognition of a quarterly net profit attributable to owners of the parent and an increase in the foreign currency translation adjustment account.」
Assets and liabilities increased from the end of the previous fiscal year due to higher inventories, while net assets also increased 12.0% due to recognition of profit and an increase in the foreign currency translation adjustment account. Higher liabilities coexisted with a recovery in net assets in the effort to balance financial improvement and growth investment. - 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%.」
Increases in inventories and interest-bearing debt associated with higher aluminium ingot prices resulted in a 5.4% increase in liabilities from the end of the previous fiscal year. Net assets increased 7.3% due to recognition of profit and other factors, but the burden of higher debt in balancing financial improvement and growth investment was also described. - FY2021-Q3WorsenedAnnual 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. However, due mainly to a decline in property, plant and equipment resulting from depreciation and a decrease in consolidated subsidiaries following the sale of shares in subsidiaries, assets at the end of the third quarter of the fiscal year under review 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%. Net assets amounted to ¥186,640 million, down 7.9%, due mainly to recognition of a quarterly net loss attributable to owners of the parent and a decrease in the foreign currency translation adjustment account.」
While cash and deposits and interest-bearing debt increased in preparation for financing risks, net assets declined 7.9% from the end of the previous fiscal year due to a quarterly net loss attributable to owners of the parent and a decrease in the foreign currency translation adjustment account. The burden associated with balancing financial improvement and growth investment has continued. - FY2021-Q2WorsenedAnnual 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. However, due mainly to declines in inventories and operating receivables and payables, assets at the end of the second quarter of the fiscal year under review amounted to ¥731,898 million, down 2.8% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥540,928 million, down 1.7%. Net assets amounted to ¥190,970 million, down 5.8%, due mainly to recognition of a quarterly net loss attributable to owners of the parent and a decrease in the foreign currency translation adjustment account.」
While cash and deposits and interest-bearing debt increased in preparation for financing risks, net assets declined 5.8% from the end of the previous fiscal year due to a quarterly net loss and a decrease in the foreign currency translation adjustment account. The burden associated with balancing financial improvement and growth investment 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.」
Securing funds in preparation for financing risks resulted in increases in cash and deposits and interest-bearing debt. The company described the increase in debt associated with its response to the spread of COVID-19 as a burden in balancing financial improvement with growth investment. - FY2020-Q3Continued contraction in financial scale due to business sales and other factorsAnnual report
「Due to the sale of the copper and copper-alloy products business and other factors, assets at the end of the third quarter of the fiscal year under review amounted to ¥762,608 million, down 5.5% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥560,085 million, down 6.8%. Net assets amounted to ¥202,523 million, down 1.8%, due mainly to a decrease in retained earnings and other factors.」
Assets and liabilities declined from the end of the previous fiscal year due to the sale of the copper and copper-alloy products business and other factors, while net assets also declined due to lower retained earnings. The contraction in financial scale through business sales was confirmed again from the previous quarter. - FY2020-Q2Decline in liabilities and net assets due to business sales and other factorsAnnual report
「Due to the sale of the copper and copper-alloy products business and other factors, assets at the end of the second quarter of the fiscal year under review amounted to ¥755,622 million, down 6.4% from the end of the previous consolidated fiscal year, while liabilities amounted to ¥558,310 million, down 7.1%. Net assets amounted to ¥197,312 million, down 4.3%, due mainly to dividend payments and recognition of a quarterly net loss attributable to owners of the parent.」
Liabilities declined 7.1% from the end of the previous consolidated fiscal year due to the sale of the copper and copper-alloy products business and other factors, while net assets also declined 4.3% due to dividend payments and a quarterly net loss. Changes in the financial position and deteriorating earnings coexisted. - FY2020-Q1Changes in financial position due to debt repayment and lossesAnnual report
「Liabilities amounted to ¥589,033 million, down 2.0% year on year, due mainly to repayment of interest-bearing debt and other factors. Net assets amounted to ¥200,096 million, down 3.0%, due mainly to dividend payments and a decrease in retained earnings resulting from the recognition of a quarterly net loss attributable to owners of the parent.」
Liabilities declined as interest-bearing debt was repaid, while net assets also declined due to dividend payments and a quarterly net loss, indicating the coexistence of financial improvement and deteriorating earnings. - FY2019WorsenedAnnual report
「However, due mainly to a sharp decline in demand for IT materials, a core product, and thick plates for ships, LCD and semiconductor manufacturing equipment and other applications, ordinary income for the fiscal year under review, the first year of the plan, was ¥6,201 million. As a result, achieving the numerical target for the final year is proving extremely challenging.」
Ordinary income was limited to ¥6,201 million in the first year of the medium-term plan, and the company explicitly stated that achieving the numerical target for the final year would be extremely challenging. - 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.」
Interest-bearing debt increased in connection with strategic investments in North America and Thailand, resulting in a 7.3% year-on-year increase in liabilities. The debt burden associated with balancing growth investment and financial improvement has become more concrete. - FY2019-Q2WorsenedAnnual 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.」
Funds raised through borrowings increased by ¥23,124 million year on year, indicating that the debt burden associated with balancing growth investment and financial improvement has continued. - FY2017WorsenedAnnual 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.」
Interest-bearing debt increased by ¥34,819 million due to higher long-term borrowings associated with strategic investments and other factors. The company described the specific burden of higher debt in pursuing both growth investment and financial improvement. - FY2017-Q2The burden of strategic investments has become apparentAnnual report
「Ordinary income remained at ¥7,389 million, up 0.9% year on year, due mainly to deterioration in equity-method investment gains and losses accompanying higher start-up costs for the US business manufacturing and selling aluminium materials for automotive panels, as well as increased interest expenses associated with the front-loading of strategic investments.」
The company stated that the US business's start-up costs and interest expenses affected ordinary income as a result of front-loaded growth investments. - FY2016First statedAnnual report
「We will vigorously pursue these initiatives to improve our financial position while also making growth investments.」
The company has indicated a policy of improving its financial position while continuing to invest for business growth.