Investment and Financing Based on Operating Cash Flow
First written in FY2016. 11 of 20 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Cash flows from operating activities generated excess cash inflows of ¥1,992 million, as cash inflow items, including profit before income taxes of ¥418 million, depreciation and amortization of ¥420 million, a ¥1,786 million decrease in trade receivables, contract assets and contract liabilities and a ¥360 million decrease in inventories, exceeded cash outflow items, including a ¥385 million decrease in trade payables and ¥441 million in income taxes paid. In the same period of the previous year, excess cash inflows were ¥1,122 million.」
Operating cash flow increased from ¥1,122 million to ¥1,992 million. Investment, including the renewal of core systems, was advanced while reducing borrowings. - FY2026-H1AdvancedAnnual report
「Cash flows from operating activities generated excess cash inflows of ¥780 million, as cash inflow items, including interim profit before income taxes of ¥361 million, depreciation and amortization of ¥204 million and a ¥777 million decrease in trade receivables, contract assets and contract liabilities, exceeded cash outflow items, including a ¥304 million decrease in trade payables. In the same period of the previous year, excess cash outflows were ¥355 million.」
Operating cash flow shifted from excess outflows in the same period of the previous year to excess inflows of ¥780 million. The company repaid ¥251.9 million in short-term borrowings and ¥190 million in long-term borrowings, while also undertaking ¥580 million in long-term borrowings. - FY2025AdvancedAnnual report
「Cash flows from operating activities generated excess cash inflows of ¥1,122 million, as cash inflow items, including profit before income taxes of ¥1,042 million, depreciation and amortization of ¥425 million, a ¥1,275 million decrease in trade receivables, contract assets and contract liabilities, and a ¥416 million decrease in inventories, exceeded cash outflow items, including a ¥1,332 million decrease in trade payables. In the same period of the previous year, excess cash outflows were ¥139 million.」
Operating cash flow shifted from excess outflows of ¥139.9 million in the previous fiscal year to excess inflows of ¥1,122.8 million, and the company also recorded a decrease in short-term borrowings. - FY2024Borrowing and investment continued despite negative operating cash flowAnnual report
「The company plans to increase operating cash flow by reducing inventories, accelerating the collection of trade receivables and taking other measures. As a general rule, business investment will be limited to the excess of cash inflows from operating activities, but to sustainably increase shareholder value, the company plans to actively invest in new business development, overseas expansion, strategic investments and other areas.」
Operating cash flow shifted from excess inflows of ¥554.9 million in the previous fiscal year to excess outflows of ¥139.9 million, while the company made capital investments of ¥695 million and raised funds through short-term and long-term borrowings. - FY2024-Q3AdvancedAnnual report
「Current liabilities increased by ¥612 million from the end of the previous consolidated fiscal year to ¥10,114 million, mainly due to increases in notes and accounts payable and short-term borrowings. Non-current liabilities increased by ¥395 million to ¥4,305 million, mainly due to an increase in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous fiscal year, and the liability balances reflect the company's continued use of borrowings to meet funding needs. - FY2024-Q2Borrowings continued despite negative operating cash flowAnnual report
「Cash flows from financing activities generated excess cash inflows of ¥212 million, due mainly to ¥250 million in proceeds from an increase in short-term borrowings, ¥123 million in proceeds from an increase in long-term borrowings and ¥145 million in dividend payments. In the same period of the previous year, excess cash inflows were ¥262 million.」
The company continued to raise funds through short-term and long-term borrowings. Operating cash flow was negative, indicating that financing was undertaken. - FY2024-Q1AdvancedAnnual report
「Current liabilities increased by ¥935 million from the end of the previous consolidated fiscal year to ¥10,437 million, mainly due to increases in notes and accounts payable and short-term borrowings.」
In line with its policy of using borrowings and other sources to meet funding needs while basing investment on operating cash flow, short-term borrowings increased from ¥3,129,142 thousand at the end of the previous fiscal year to ¥3,509,908 thousand. - FY2023Decline in operating cash flow and financing through borrowingsAnnual report
「Cash flows from operating activities generated excess cash inflows of ¥554 million, as cash inflow items, including profit before income taxes of ¥666 million, depreciation and amortization of ¥330 million, a ¥28 million increase in the allowance for doubtful accounts, a ¥36 million increase in liabilities related to retirement benefits and a ¥681 million increase in trade payables, exceeded cash outflow items, including a ¥153 million increase in trade receivables, a ¥948 million increase in inventories and ¥268 million in income taxes paid. In the same period of the previous year, excess cash inflows were ¥1,604 million.」
Operating cash flow remained positive but declined from ¥1,604 million in the same period of the previous year to ¥554 million. The company also recorded financing from increases of ¥877 million in short-term borrowings and ¥142 million in long-term borrowings to address the increase in working capital. - FY2023-Q3AdvancedAnnual report
「Current liabilities increased by ¥1,745 million from the end of the previous consolidated fiscal year, to ¥8,693 million, mainly due to increases in notes and accounts payable and short-term borrowings. Non-current liabilities increased by ¥222 million to ¥3,988 million, mainly due to increases in long-term borrowings and liabilities related to retirement benefits.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, and the balances reflect the company's continued financing through borrowings. - FY2023-Q2Financing through borrowings implementedAnnual report
「Cash flows from financing activities generated excess cash inflows of ¥262 million, due mainly to ¥175 million in proceeds from an increase in short-term borrowings, ¥227 million in proceeds from an increase in long-term borrowings and ¥106 million in dividend payments. In the same period of the previous year, cash outflows exceeded inflows by ¥810 million.」
In line with its policy of using borrowings and other sources to meet funding needs while basing investment on operating cash flow, the company recorded financing from increases of ¥175.354 million in short-term borrowings and ¥227 million in long-term borrowings. - FY2021AdvancedAnnual report
「Cash flows from operating activities generated excess cash inflows of ¥1,874 million, as cash inflow items, including profit before income taxes of ¥555 million, depreciation and amortization of ¥349 million, interest paid of ¥68 million, loss on liquidation of a subsidiary of ¥36 million, a ¥1,287 million decrease in trade receivables and an ¥860 million decrease in inventories, exceeded cash outflow items.」
The company continues its policy of maintaining excess operating cash flow, limiting ordinary investment to operating cash flow and using long-term borrowings and other sources for growth investment. - FY2021-Q2AdvancedAnnual report
「Proceeds from long-term borrowings 980,000」
During the cumulative second quarter, the company recorded ¥980,000 thousand in proceeds from long-term borrowings and raised funds through long-term debt. - FY2019Financing methods specifiedAnnual report
「As a general policy, funding needs arising when cash inflows from operating activities are temporarily insufficient will be met stably through long-term borrowings and bonds for business investment and short-term borrowings for working capital. Although there are no specific plans at present, the company may also consider equity financing as one option for large-scale capital investment, M&A and other strategic investments.」
In addition to its investment policy centered on operating cash flow, the company specified a financing policy under which business investment will be funded through long-term borrowings and bonds, working capital through short-term borrowings, and equity financing will also be an option for large-scale investments. - FY2018RestatedAnnual report
「The company plans to increase operating cash flow by reducing inventories, accelerating the collection of trade receivables and taking other measures. As a general rule, business investment will be limited to the excess of cash inflows from operating activities, but to sustainably increase shareholder value, the company plans to actively invest in new business development, overseas expansion, strategic investments and other areas.」
The company continues its policy of increasing operating cash flow by compressing working capital, limiting ordinary investment to operating cash flow and increasing growth investment. - FY2017RestatedAnnual report
「The company will continue to maximize cash inflows from operating activities by reducing inventories, accelerating the collection of trade receivables and otherwise compressing working capital. As a general rule, business investment will be limited to the excess of cash inflows from operating activities, but to sustainably increase shareholder value, the company will actively invest in new business development, overseas expansion, strategic investments and other areas.」
The company continues its policy of maximizing operating cash flow by compressing working capital, limiting ordinary business investment to operating cash flow while increasing growth investment. - FY2017-Q1RestatedAnnual report
「The company will actively deploy management resources in new business development, overseas expansion, strategic investments and other areas.」
The company reiterated its policy of actively investing in new businesses, overseas expansion and strategic investments. - FY2016First statedAnnual report
「As a general rule, business investment will be limited to the excess of cash inflows from operating activities, but to sustainably increase shareholder value, the company will actively invest in new business development, overseas expansion, strategic investments and other areas.」
While limiting ordinary business investment to operating cash flow, the company plans to increase growth investment.