Strengthening the financial foundation and reducing working capital
First written in FY2016. 6 of 26 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥36,412 million, up ¥2,111 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in accounts receivable.」
While the company has set a target of reducing working capital, total assets increased by ¥2,111 million from the end of the previous fiscal year, mainly due to higher accounts receivable. The position at the end of the previous fiscal year was reconfirmed. - 2026-07-13AdvancedOther Disclosures
「In developing RV-X, we provided the metal component known as a “quick disconnect,” which connects the vehicle to hoses used to inject liquid hydrogen and other rocket fuels.」
航空宇宙関連への取組みについて、従来の研究開発・技術パートナー契約の記載から、JAXAの再使用ロケット実験機に部品を提供し、飛行実験が成功したという具体的な実績へ進展した。 - FY2026Increase in assets due to higher notes receivable and accounts receivableAnnual report
「Total assets at the end of the fiscal year were ¥34,300 million, up ¥1,330 million from the end of the previous consolidated fiscal year. This was mainly due to increases in notes receivable and accounts receivable.」
While the company has set a target of reducing working capital, total assets increased by ¥1,330 million from the end of the previous fiscal year, mainly due to higher notes receivable and accounts receivable. - 2026-05-27RestatedOther Disclosures
「また、金属の粉末を焼結し新たな素材をつくる取組みも行っており、これにより宇宙空間などの過酷な環境にも耐えられる、軽量で耐摩耗性、耐熱性に優れた合金の開発も進めています」
Ｐ－Ｂａｓ®と金属粉末焼結による合金開発を展示内容として再提示したが、研究開発の新たな達成時点や数値目標は示していない。 - FY2026-H1Cash down, trade receivables upAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥31,736 million, down ¥1,234 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in cash and deposits.」
Total assets decreased by ¥1,234 million from the end of the previous fiscal year, mainly due to lower cash and deposits. Meanwhile, operating cash flow also included a ¥1,539 million increase in trade receivables. - FY2025-H1Increase in total assets due to higher trade receivables and fixed assetsAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥31,861 million, up ¥2,211 million from the end of the previous consolidated fiscal year. This was mainly due to increases in trade receivables and fixed assets.」
While the company has set a target of reducing working capital, total assets increased by ¥2,211 million from the end of the previous fiscal year, mainly due to higher trade receivables and fixed assets. - FY2024RestatedAnnual report
「Total assets at the end of the fiscal year were ¥29,649 million, down ¥806 million from the end of the previous consolidated fiscal year. This was mainly due to decreases in inventories and fixed assets.」
For the full fiscal year, the company confirmed a decrease in total assets mainly due to lower inventories and fixed assets, in connection with the reduction of working capital and assets. - FY2024-Q3Decrease in total assets due to lower inventoriesAnnual report
「Total assets at the end of the third quarter were ¥29,916 million, down ¥539 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in inventories.」
This marked a change from the increase in total assets in the previous quarter, which was mainly due to higher cash and deposits. In the quarter, total assets decreased by ¥539 million, mainly due to lower inventories. - FY2024-Q2Increase in total assets due to higher cash and depositsAnnual report
「Total assets at the end of the second quarter were ¥31,606 million, up ¥1,150 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in cash and deposits.」
The previous filing reported a decrease in total assets mainly due to lower cash and deposits, whereas total assets increased by ¥1,150 million in the quarter due to higher cash and deposits. - FY2024-Q1Decrease in total assets due to lower cash and depositsAnnual report
「Total assets at the end of the first quarter were ¥29,518 million, down ¥937 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in cash and deposits.」
After total assets had continued to increase through the previous fiscal year due to higher trade receivables, they decreased by ¥937 million in the quarter, mainly due to lower cash and deposits. - FY2023Increase in total assets due to higher trade receivablesAnnual report
「Total assets at the end of the fiscal year were ¥30,455 million, up ¥1,681 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
While the company has set a target of reducing working capital, total assets increased by ¥1,681 million from the end of the previous fiscal year, with higher trade receivables cited as the main reason. - FY2023-Q3Continued increase in total assets due to higher trade receivables and inventoriesAnnual report
「Total assets at the end of the third quarter were ¥32,935 million, up ¥4,161 million from the end of the previous consolidated fiscal year. This was mainly due to increases in trade receivables and inventories.」
While the company has set a target of reducing working capital, increases in inventories in addition to trade receivables were among the main reasons total assets increased by ¥4,161 million from the end of the previous fiscal year. - FY2023-Q2Continued increase in trade receivables and total assetsAnnual report
「Total assets at the end of the second quarter were ¥32,449 million, up ¥3,675 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
While the company has set a target of reducing working capital, total assets increased by ¥3,675 million from the end of the previous fiscal year, with higher trade receivables continuing to be the main reason. Trade receivables increased from ¥9,191 million to ¥11,413 million. - FY2023-Q1RestatedAnnual report
「Total assets at the end of the first quarter were ¥29,748 million, up ¥974 million from the end of the previous consolidated fiscal year. This was mainly due to increases in trade receivables and property, plant and equipment.」
While the company has set a target of reducing working capital, trade receivables increased from ¥9,191 million at the end of the previous fiscal year to ¥9,879 million and continued to be cited as the main reason for the increase in total assets. - FY2022Trade receivables continued to increaseAnnual report
「Total assets at the end of the fiscal year were ¥28,774 million, up ¥4,071 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
While the company has set a target of reducing working capital, total assets increased by ¥4,071 million from the end of the previous fiscal year, mainly due to higher trade receivables. - FY2022-Q3RestatedAnnual report
「Total assets at the end of the third quarter were ¥27,402 million, up ¥2,699 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
As in the previous quarter, total assets increased by ¥2,699 million from the end of the previous consolidated fiscal year, mainly due to higher trade receivables. Against the policy of reducing working capital, the balance sheet continued to show an increase in trade receivables. - FY2022-Q2Continued increase in trade receivables and total assetsAnnual report
「Total assets at the end of the second quarter were ¥26,685 million, up ¥1,983 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
As in the previous quarter, total assets increased mainly due to higher trade receivables. Against the policy of reducing working capital, the balance sheet for the quarter reported an increase in trade receivables. - FY2022-Q1Increase in total assets due to higher trade receivablesAnnual report
「Total assets at the end of the first quarter were ¥25,189 million, up ¥486 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in trade receivables.」
This marked a change from the previously reported decreases in trade receivables, with total assets increasing by ¥486 million mainly due to higher trade receivables. - FY2021-Q3AdvancedAnnual report
「Total assets at the end of the third quarter were ¥24,299 million, down ¥1,277 million from the end of the previous consolidated fiscal year (March 2020). This was mainly due to decreases in property, plant and equipment following the recognition of impairment losses and a decrease in trade receivables.」
Total assets decreased by ¥1,277 million from the end of the previous fiscal year, due in part to a decrease in trade receivables. The company additionally reported a decrease in assets related to the reduction of working capital. - FY2021-Q2AdvancedAnnual report
「Net cash provided by operating activities was ¥1,215 million, compared with ¥1,009 million in the same period of the previous year. This was attributable to non-cash items, including a pretax quarterly net loss of ¥331 million, an impairment loss of ¥689 million, and depreciation and amortization of ¥566 million, as well as decreases of ¥620 million in trade receivables and ¥312 million in inventories.」
The company specified decreases in trade receivables and inventories, reporting additional concrete progress related to the reduction of working capital. - FY2021-Q2AdvancedAnnual report
「Net cash provided by operating activities was ¥1,215 million, compared with ¥1,009 million in the same period of the previous year. This was attributable to non-cash items, including a pretax quarterly net loss of ¥331 million, an impairment loss of ¥689 million, and depreciation and amortization of ¥566 million, as well as decreases of ¥620 million in trade receivables and ¥312 million in inventories.」
Net cash provided by operating activities increased from ¥1,009 million in the same period of the previous year to ¥1,215 million, mainly due to decreases of ¥620 million in trade receivables and ¥312 million in inventories. - FY2021-Q1Decrease in total assets due to lower trade receivablesAnnual report
「Total assets at the end of the first quarter were ¥24,098 million, down ¥1,478 million from the end of the previous consolidated fiscal year (March 2020). This was mainly due to a decrease in trade receivables.」
Total assets decreased by ¥1,478 million from the end of the previous fiscal year, mainly due to a decrease in trade receivables. - FY2020-Q2AdvancedAnnual report
「Net cash provided by operating activities was ¥1,009 million, compared with ¥949 million in the same period of the previous year. This resulted from cash inflows, including ¥893 million in depreciation and amortization and ¥669 million from a decrease in trade receivables, exceeding cash outflows, including ¥538 million from decreases in accounts payable and accrued expenses.」
Net cash provided by operating activities exceeded the same period of the previous year, mainly due to the ¥669 million decrease in trade receivables. The company reported measurable progress related to the reduction of working capital. - FY2019AdvancedAnnual report
「The company will minimize the working capital required by accelerating the collection of trade receivables and reducing inventories, while seeking to improve asset efficiency through further gains in investment efficiency and thereby strengthen its financial foundation.」
Regarding the strengthening of its financial foundation, the company explicitly identified the collection of trade receivables and inventory reduction, as well as improvements in investment efficiency and asset efficiency. - FY2017RestatedAnnual report
「The company will continue to make active capital investments, including reorganizing its production structure, centered on its Vietnam plant, automating existing production sites, upgrading to higher-value-added products, and conducting R&D for the future. It considers strengthening its financial foundation essential for this purpose, and will minimize the working capital required by accelerating the collection of trade receivables and reducing inventories, while raising the necessary funds with capital efficiency and the leverage effect in mind.」
Assuming that active capital investment will continue, the company reiterated its policy of strengthening its financial foundation through the collection of trade receivables, inventory reduction, and funding with a focus on capital efficiency. - FY2016First statedAnnual report
「The Group will minimize required working capital by accelerating the collection of trade receivables and reducing inventories, while raising necessary funds with due consideration to capital efficiency and the leverage effect.」
To support active capital investment, the company has identified the collection of trade receivables, inventory reduction, and funding with a focus on capital efficiency as key priorities.