Reduction of Interest-Bearing Debt and Inventory
First written in FY2016. 9 of 35 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-08-12.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedEarnings
「This was mainly attributable to the repayment of borrowings using proceeds from the issuance of shares upon the exercise of stock acquisition rights.」
The repayment of borrowings using proceeds from the exercise of stock acquisition rights reduced total liabilities by ¥538 million from the end of the previous fiscal year. - FY2026AdvancedAnnual report
「This resulted from a ¥205 million decrease in long-term borrowings as scheduled repayments progressed.」
Long-term borrowings decreased by ¥205 million through scheduled repayments, and inventories also decreased by ¥80 million. The figures show simultaneous progress in reducing both interest-bearing debt and inventories. - 2026-05-14AdvancedRevision to earnings forecasts
「This resulted from a ¥205 million decrease in long-term borrowings as scheduled repayments progressed.」
Progress in scheduled repayments reduced long-term borrowings and advanced the reduction of interest-bearing debt. - FY2026-H1AdvancedAnnual report
「The main factor was a ¥126 million decrease in long-term borrowings as scheduled repayments of borrowings progressed. Change in inventories (a decrease is shown in parentheses) △ 33,118 30,950」
Long-term borrowings decreased by ¥126 million through scheduled repayments, while inventories were also a ¥30.950 million decrease factor in cash flow from operating activities. The company reported progress in both reducing interest-bearing debt and inventories. - FY2025Increase in interest-bearing debt from borrowings for capital investment and working capitalAnnual report
「Net cash provided by financing activities was ¥501 million. This was mainly due to a ¥444 million increase in short-term borrowings to secure working capital in connection with the shortening of payment terms, ¥400 million in proceeds from long-term borrowings to fund capital investment, and ¥298 million in repayments of long-term borrowings, among other items.」
While the company had been targeting a reduction in interest-bearing debt, it drew ¥444 million in short-term borrowings and ¥400 million in long-term borrowings to secure working capital in connection with the shortening of payment terms and to fund capital investment. Consolidated borrowings outstanding amounted to ¥2,099 million. - FY2025-H1Disclosure of borrowings and inventories after consolidation beganAnnual report
「Total liabilities at the end of the interim consolidated accounting period amounted to ¥3,102 million. The main components were short-term borrowings of ¥889 million, notes payable and accounts payable of ¥665 million, and long-term borrowings of ¥812 million.」
On an interim consolidated basis, the company disclosed short-term borrowings of ¥889 million and long-term borrowings of ¥812 million. As this was the first year after the scope of consolidation was expanded, no simple comparison with the previous year's non-consolidated figures was provided. - FY2024Increase in borrowings outstanding for factory expansion and other purposesAnnual report
「Borrowings outstanding at the end of the fiscal year amounted to ¥1,494 million.」
While the company had been targeting a reduction in interest-bearing debt, borrowings outstanding increased from ¥1,356 million at the end of the previous fiscal year to ¥1,494 million due to borrowings for the renewal of aging equipment and factory expansion. Total inventories were approximately at the same level as at the end of the previous fiscal year. - FY2023-Q3Increase in borrowings and inventoryAnnual report
「This was due mainly to increases in notes receivable and inventories compared with the end of the previous fiscal year. Current assets increased by ¥211 million to ¥2,584 million, while non-current assets decreased by ¥17 million to ¥1,719 million. This was also due to a ¥51 million increase in current liabilities to ¥1,499 million, mainly reflecting increases in notes payable and other items compared with the end of the previous fiscal year. Notes payable increased by ¥86 million and short-term borrowings by ¥106 million, while income taxes payable decreased by ¥44 million and equipment-related accounts payable and equipment-related notes payable included in other current liabilities decreased by ¥58 million and ¥57 million, respectively. Non-current liabilities increased by ¥46 million to ¥1,251 million, reflecting a ¥73 million increase in long-term borrowings and a ¥26 million decrease in the provision for retirement benefits.」
Inventories increased from the end of the previous fiscal year, while short-term borrowings increased by ¥106 million and long-term borrowings by ¥73 million. The reported changes ran counter to the targets of reducing interest-bearing debt and inventories. - FY2023-Q2Decrease in long-term borrowings, increase in inventoryAnnual report
「This was attributable mainly to current assets of ¥2,471 million, up ¥98 million from the end of the previous fiscal year, owing to a decrease in cash and deposits and increases in notes receivable, accounts receivable and inventory. Non-current assets decreased by ¥31 million to ¥1,706 million, with property, plant and equipment decreasing by ¥21 million.」
While inventories increased, long-term borrowings decreased by ¥30 million. The reduction in interest-bearing debt did not coincide with a reduction in inventories. - FY2023-Q1Increase in borrowings and inventoryAnnual report
「Merchandise and finished goods 171,098 199,926 Work in process 383,623 402,438 Raw materials and supplies 263,074 273,818 Short-term borrowings 437,244 449,066 Long-term borrowings 852,695 872,382」
Inventory, including finished goods, work in process and raw materials, increased from the end of the previous fiscal year, as did short-term and long-term borrowings. The figures moved in the opposite direction from the target of reducing interest-bearing debt and inventory. - FY2022Continued increase in borrowings and inventoryAnnual report
「Total liabilities at the end of the fiscal year amounted to ¥2,653 million, an increase of ¥391 million from the end of the previous fiscal year.」
Inventory increased by ¥97 million from the end of the previous fiscal year, and the company borrowed ¥590 million in long-term funds for working capital and capital investment. Long-term borrowings increased by ¥336 million, continuing to move in the opposite direction from the target of reducing interest-bearing debt and inventory. - FY2022-Q3Increase in long-term borrowings and inventoryAnnual report
「This was attributable mainly to current assets of ¥2,413 million, up ¥250 million from the end of the previous fiscal year, owing to increases in cash and deposits, trade receivables and inventory. Non-current assets increased by ¥141 million to ¥1,635 million, with property, plant and equipment increasing by ¥145 million. Current liabilities decreased by ¥47 million to ¥1,350 million, mainly because short-term borrowings and other items decreased despite increases in notes payable and other items. Notes payable increased by ¥120 million, accounts payable by ¥39 million and notes payable for equipment included in other current liabilities by ¥59 million, while short-term borrowings decreased by ¥248 million. Non-current liabilities increased by ¥404 million to ¥1,268 million, including a ¥401 million increase in long-term borrowings.」
Although inventory increased, short-term borrowings decreased by ¥248 million and long-term borrowings increased by ¥401 million. The figures moved differently from the target of reducing interest-bearing debt and inventory. - FY2022-Q2Decrease in short-term borrowings, increase in long-term borrowings and inventoryAnnual report
「This was attributable mainly to current assets of ¥2,370 million, up ¥206 million from the end of the previous fiscal year, owing to decreases in trade receivables and increases in cash and deposits and inventory. Non-current assets increased by ¥44 million to ¥1,538 million, with property, plant and equipment increasing by ¥44 million. This was also attributable to current liabilities of ¥1,254 million, down ¥143 million, mainly because short-term borrowings and other items decreased. Notes payable increased by ¥71 million, accounts payable by ¥23 million and unpaid equipment costs included in other current liabilities by ¥62 million, while short-term borrowings decreased by ¥306 million. Non-current liabilities increased by ¥393 million to ¥1,256 million, including a ¥388 million increase in long-term borrowings.」
Although short-term borrowings decreased by ¥306 million, long-term borrowings increased by ¥388 million and inventory also increased. The reduction of interest-bearing debt and inventory did not move in tandem. - FY2022-Q1Decrease in borrowings, increase in finished-goods inventoryAnnual report
「This was attributable mainly to current assets of ¥2,164 million, up ¥0 million from the end of the previous fiscal year, owing primarily to a decrease in trade receivables and an increase in finished-goods inventory. Non-current assets decreased by ¥2 million to ¥1,491 million, with investment securities decreasing by ¥12 million and deferred tax assets increasing by ¥11 million. Non-current liabilities decreased by ¥52 million to ¥811 million, including a ¥53 million decrease in long-term borrowings.」
Although long-term borrowings decreased by ¥53 million, inventory including finished-goods inventory increased, so the reduction of interest-bearing debt and inventory did not move in tandem. - FY2021Decrease in inventory, increase in borrowingsAnnual report
「Cash provided by operating activities was ¥254 million, compared with ¥101 million in the previous fiscal year. This was mainly attributable to depreciation of ¥165 million, a ¥104 million decrease in trade receivables, a ¥94 million decrease in inventory and an ¥80 million decrease in trade payables. Cash used in financing activities was ¥13 million, compared with cash provided of ¥142 million in the previous fiscal year. This was mainly attributable to ¥300 million in proceeds from long-term borrowings, ¥45 million in repayments of short-term borrowings, ¥236 million in repayments of long-term borrowings and ¥31 million used to acquire treasury shares.」
Although inventory decreased by ¥94 million in cash flow, the company borrowed ¥300 million in long-term funds, bringing borrowings to ¥1,186,977 thousand. Trends in reducing interest-bearing debt and inventory were divergent. - FY2021-Q3Continued borrowing for working capital and decrease in inventoryAnnual report
「Merchandise and finished goods 197,684 173,975 Work in process 380,395 357,439 Raw materials and supplies 236,447 258,908 Non-current liabilities increased by ¥90 million to ¥939 million because the company borrowed ¥300 million in long-term funds for working capital, resulting in a ¥108 million increase in long-term borrowings.」
The decrease in merchandise and work in process exceeded the increase in raw materials and supplies, resulting in a decrease in inventory from the end of the previous fiscal year. Meanwhile, the company borrowed ¥300 million in long-term funds for working capital, and long-term borrowings increased by ¥108 million. - FY2021-Q2Borrowing for working capital and decrease in inventoryAnnual report
「Current liabilities decreased by ¥222 million to ¥1,336 million, mainly because trade payables and unpaid equipment costs decreased as purchases of merchandise declined. Notes payable decreased by ¥96 million, accounts payable by ¥40 million, short-term borrowings by ¥44 million, unpaid equipment costs included in other current liabilities by ¥24 million and notes payable for equipment by ¥21 million. Non-current liabilities increased by ¥153 million to ¥1,002 million because the company borrowed ¥300 million in long-term funds for working capital, resulting in a ¥166 million increase in long-term borrowings. Change in inventory (△ indicates an increase) △18,347 8,758」
Although short-term borrowings decreased by ¥44 million, the company borrowed ¥300 million in long-term funds for working capital, and long-term borrowings increased by ¥166 million. Inventory decreased by ¥8.758 million in cash flow. - FY2021-Q1Decrease in short-term borrowings, increase in long-term borrowings and slight increase in inventoryAnnual report
「Merchandise and finished goods 197,684 190,405 Work in process 380,395 375,111 Raw materials and supplies 236,447 254,726 Short-term borrowings 706,364 682,439 Long-term borrowings 462,159 499,628」
Although merchandise and work in process decreased, raw materials and supplies increased by ¥18 million, resulting in a slight overall increase in inventory. Short-term borrowings decreased by ¥23 million, while long-term borrowings increased by ¥37 million. - FY2020Borrowing for working capital and capital investmentAnnual report
「Non-current liabilities increased by ¥149 million to ¥848 million because the company borrowed ¥350 million in long-term funds for working capital and capital investment and received security deposits after securing tenants for its leased building. Long-term borrowings increased by ¥110 million and long-term security deposits by ¥22 million.」
Although the company has stated its intention to reduce interest-bearing debt, it borrowed ¥350 million in long-term funds for working capital and capital investment, and long-term borrowings increased by ¥110 million from the end of the previous fiscal year. Inventory decreased by ¥7.328 million in cash flow. - FY2020-Q3Borrowing for working capital and capital investment, increase in inventoryAnnual report
「This was attributable mainly to current assets of ¥2,363 million, down ¥33 million from the end of the previous fiscal year, owing to a decrease in trade receivables resulting from lower revenue. Notes receivable decreased by ¥101 million and accounts receivable by ¥46 million. Non-current assets increased by ¥190 million to ¥1,565 million, owing mainly to renovation of the factory roof, replacement of aging equipment, the sale of investment securities and valuation differences. Buildings increased by ¥98 million and machinery and equipment by ¥133 million, while investment securities decreased by ¥9 million.」
Inventory increased from the end of the previous fiscal year, while the company borrowed ¥350 million in long-term funds for working capital and capital investment. The trend continued to move in the opposite direction from the target of reducing borrowings and inventory. - FY2020-Q2Borrowing for capital investment, increase in inventoryAnnual report
「This was mainly attributable to pretax quarterly net income of ¥11 million, depreciation of ¥61 million, a ¥110 million decrease in trade receivables, an ¥18 million increase in inventory and a ¥107 million decrease in trade payables. In addition, non-current liabilities increased by ¥72 million to ¥771 million because the company borrowed ¥150 million in long-term funds for capital investment and received security deposits after securing tenants for its leased building. Long-term borrowings increased by ¥38 million and long-term security deposits included in other non-current liabilities by ¥22 million.」
Inventory increased by ¥18 million in operating activities, and the company borrowed ¥150 million in long-term funds for capital investment. The figures continued to move in the opposite direction from the target of reducing borrowings and inventory. - FY2020-Q1Decrease in short-term borrowings, increase in inventoryAnnual report
「Merchandise and finished goods 194,021 190,276 Work in process 370,482 366,962 Raw materials and supplies 257,353 274,070 Short-term borrowings 660,945 648,213 Long-term borrowings 352,103 352,482」
At the end of the first quarter, short-term borrowings decreased by ¥12 million from the end of the previous fiscal year, while long-term borrowings increased slightly and raw materials and supplies increased by approximately ¥17 million. Trends in liability reduction and inventory reduction were not uniform. - FY2019Continued increase in borrowings and inventoryAnnual report
「This was attributable to current assets of ¥2,396 million, up ¥138 million from the end of the previous fiscal year, mainly because of an increase in trade receivables resulting from higher revenue and an increase in inventory from advance procurement of raw materials. Cash and deposits increased by ¥28 million, notes receivable by ¥12 million, electronic receivables by ¥62 million and inventory by ¥81 million, while accounts receivable decreased by ¥48 million. Non-current liabilities increased by ¥182 million to ¥698 million, mainly owing to borrowings for capital investment, including an increase of ¥185 million in long-term borrowings.」
Although the company has stated its intention to reduce interest-bearing debt and inventory, inventory increased by ¥81 million and long-term borrowings by ¥185 million. - FY2019-Q3Increase in borrowings and inventoryAnnual report
「This was attributable to current assets of ¥2,373 million, up ¥115 million from the end of the previous fiscal year, mainly because notes receivable increased by ¥69 million and raw materials and supplies by ¥22 million. This was also attributable to current liabilities of ¥1,600 million, up ¥61 million, mainly because notes payable and short-term borrowings each increased by ¥50 million, while income taxes payable decreased by ¥11 million and the provision for bonuses by ¥26 million, as well as non-current liabilities of ¥694 million, up ¥178 million, owing partly to an increase of ¥183 million in long-term borrowings.」
Raw materials and supplies increased by ¥22 million, while short-term borrowings increased by ¥50 million and long-term borrowings by ¥183 million. The figures moved in the opposite direction from the target of reducing borrowings and inventory. - FY2019-Q2Increase in borrowings and inventoryAnnual report
「Compared with the end of the previous fiscal year, current assets increased by ¥160 million to ¥2,419 million, mainly because cash and deposits increased by ¥42 million, notes receivable by ¥50 million, accounts receivable by ¥27 million and raw materials and supplies by ¥32 million. Non-current assets increased by ¥163 million to ¥1,371 million, mainly because buildings increased by ¥146 million and investment securities by ¥13 million.」
Raw materials and supplies increased by ¥32 million from the end of the previous fiscal year. Long-term borrowings also increased by ¥223 million, moving in the opposite direction from the reduction of interest-bearing debt and inventory. - FY2019-Q1Increase in borrowings and inventoryAnnual report
「This was attributable to current assets of ¥2,549 million, up ¥290 million, mainly because cash and deposits increased by ¥206 million, notes receivable by ¥22 million and inventory by ¥54 million from the end of the previous fiscal year. Non-current assets increased by ¥118 million to ¥1,325 million, mainly because construction in progress increased by ¥111 million and deferred tax assets (other investment and other assets) by ¥10 million.」
Inventory increased by ¥54 million from the end of the previous fiscal year, moving in the opposite direction from the asset-reduction policy. Long-term borrowings also increased by ¥271 million from the end of the previous fiscal year. - FY2018AdvancedAnnual report
「During the fiscal year, the company primarily repaid borrowings to strengthen its financial position. Compared with the end of the previous fiscal year, current assets decreased by ¥57 million to ¥2,274 million, mainly because electronic receivables increased by ¥65 million and accounts receivable by ¥78 million, while cash and deposits decreased by ¥102 million, notes receivable by ¥97 million and inventory by ¥5 million. Non-current liabilities decreased by ¥196 million to ¥516 million, mainly because the provision for retirement benefits increased by ¥18 million while bonds decreased by ¥30 million and long-term borrowings by ¥181 million.」
The company primarily pursued debt repayments, with long-term borrowings decreasing by ¥181 million, bonds by ¥30 million and inventory by ¥5 million. - FY2018-Q3AdvancedAnnual report
「This was attributable mainly to non-current liabilities of ¥555 million, down ¥157 million, owing to a ¥21 million increase in the provision for retirement benefits and decreases of ¥30 million in bonds and ¥146 million in long-term borrowings.」
Bonds decreased by ¥30 million and long-term borrowings by ¥146 million. Although short-term borrowings increased by ¥57 million, non-current liabilities decreased by ¥157 million, and raw materials and supplies also decreased by ¥9 million. - FY2018-Q2AdvancedAnnual report
「This was attributable mainly to non-current liabilities of ¥607 million, down ¥105 million, owing to an ¥18 million increase in the provision for retirement benefits and decreases of ¥13 million in bonds and ¥107 million in long-term borrowings.」
Non-current liabilities decreased by ¥105 million owing to decreases of ¥13 million in bonds and ¥107 million in long-term borrowings. In operating cash flow, the change in inventory was a positive ¥1,712 thousand, and inventory also decreased by approximately ¥1.7 million from the end of the previous fiscal year. - FY2018-Q1Decrease in interest-bearing debt, increase in inventoryAnnual report
「Compared with the end of the previous fiscal year, current assets decreased by ¥11 million to ¥2,320 million, mainly because accounts receivable increased by ¥41 million and inventory by ¥17 million, while cash and deposits decreased by ¥43 million and notes receivable by ¥33 million. Non-current assets increased by ¥6 million to ¥1,189 million, mainly because investment securities increased by ¥4 million.」
Although inventory increased by ¥17 million from the end of the previous fiscal year, bonds decreased by ¥13 million and long-term borrowings by ¥53 million, so progress in reducing interest-bearing debt and inventory was divergent. - FY2017AdvancedAnnual report
「Current liabilities decreased by ¥10 million to ¥1,435 million, mainly because accounts payable increased by ¥4 million, the current portion of long-term borrowings by ¥6 million, other payables by ¥10 million and income taxes payable by ¥31 million, while notes payable decreased by ¥15 million and notes payable for equipment by ¥49 million. Non-current liabilities decreased by ¥166 million to ¥712 million, mainly because the provision for retirement benefits increased by ¥11 million while bonds decreased by ¥34 million and long-term borrowings by ¥117 million.」
Long-term borrowings decreased by ¥117 million and bonds by ¥34 million, indicating progress in reducing liabilities. Inventory also decreased by ¥8 million, confirming simultaneous progress in reducing inventory and interest-bearing debt. - FY2017-Q3AdvancedAnnual report
「Compared with the end of the previous fiscal year, current assets decreased by ¥57 million to ¥2,324 million, mainly because cash and deposits increased by ¥10 million while accounts receivable decreased by ¥24 million and inventory by ¥28 million. Non-current assets increased by ¥8 million to ¥1,136 million, mainly because property, plant and equipment decreased by ¥33 million while investment securities increased by ¥42 million. Current liabilities decreased by ¥44 million to ¥1,401 million, mainly because income taxes payable increased by ¥17 million while notes payable decreased by ¥16 million, accounts payable by ¥15 million and the provision for bonuses by ¥27 million. Non-current liabilities decreased by ¥115 million to ¥764 million, mainly because long-term borrowings decreased by ¥64 million, bonds by ¥30 million and long-term security deposits received (other non-current liabilities) by ¥20 million.」
Inventory decreased by ¥28 million, while long-term borrowings decreased by ¥64 million and bonds by ¥30 million, indicating simultaneous progress in reducing interest-bearing debt and inventory. - FY2017-Q2Decrease in interest-bearing debt, increase in inventoryAnnual report
「This was attributable mainly to non-current liabilities of ¥758 million, down ¥120 million, owing to decreases of ¥95 million in long-term borrowings, ¥17 million in bonds and ¥20 million in long-term security deposits received (other non-current liabilities), together with a ¥14 million increase in the provision for retirement benefits.」
Although long-term borrowings decreased by ¥95 million and bonds by ¥17 million, inventory was a ¥12.5 million increase in operating cash flow, so the reduction of interest-bearing debt and inventory reduction continued to move in different directions. - FY2017-Q1Decrease in interest-bearing debt, increase in inventoryAnnual report
「Total liabilities at the end of the first quarter amounted to ¥2,273 million, down ¥52 million from the end of the previous fiscal year. This was mainly attributable to current liabilities of ¥1,447 million, which increased by ¥0 million, owing primarily to a ¥54 million increase in accrued expenses (other current liabilities), a ¥27 million decrease in the provision for bonuses and a ¥30 million decrease in notes payable for equipment (other current liabilities), as well as non-current liabilities of ¥826 million, which decreased by ¥53 million owing mainly to a ¥9 million increase in the provision for retirement benefits, a ¥13 million decrease in bonds and a ¥48 million decrease in long-term borrowings.」
Although bonds decreased by ¥13 million and long-term borrowings by ¥48 million, inventory increased by ¥23 million from the end of the previous fiscal year, indicating divergent trends in the reduction of liabilities and inventory. - FY2016First statedAnnual report
「In addition, the company will continue to reduce costs through initiatives to improve productivity and will steadily pursue inventory reductions to reduce interest-bearing debt.」
The company has set reducing interest-bearing debt as a target and will continue to reduce inventory as a means of achieving it.