Improving Asset and Capital Efficiency and Reducing Interest-Bearing Debt
First written in FY2016. 26 of 45 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-11-12.
The whole theme swung hardest in 2026: 4 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「The Company sold land in Sagamihara, Kanagawa Prefecture, and recognised a gain on the sale of fixed assets of ¥23,177 million as extraordinary income,」
The Company sold the land in Sagamihara and recognised a gain on the sale of fixed assets of ¥23,177 million. The effective utilisation of owned real estate and improvement in capital efficiency materialised in the form of the sale. - FY2026AdvancedAnnual report
「1. Effective use of assets held: ¥26 billion from real estate sales and ¥7 billion from effective use of assets. 2. Use of interest-bearing debt: ¥7 billion to ¥9 billion, while maintaining financial soundness with an awareness of financial leverage.」
The new medium-term management plan specifies capital allocation, planning cash inflows of ¥26 billion from real estate sales, ¥7 billion from other assets and ¥7 billion to ¥9 billion from interest-bearing debt. - FY2026-H1AdvancedAnnual report
「To improve capital efficiency, the company is reviewing its business portfolio. As part of this initiative, it decided to transfer real estate it owns in Sagamihara, Kanagawa Prefecture, to Mitsubishi Estate Company,Limited in April 2026, and entered into the agreement on 9 May 2025.」
As part of efforts to improve capital efficiency and review the business portfolio, the company entered into a transfer agreement for real estate in Sagamihara in April 2026. - FY2025AdvancedAnnual report
「At a board meeting held on 9 May 2025, the company resolved to transfer real estate it owns in Sagamihara, Kanagawa Prefecture, with 1 April 2026 as the effective date, and entered into a real estate sale and purchase agreement dated 9 May 2025.」
The company entered into a transfer agreement for land in Sagamihara dated 1 April 2026 and reached the stage of expecting a gain on sale of approximately ¥23 billion. Its medium-term plan also includes ¥19 billion in cash inflows from the sale of fixed assets. - FY2025-H1AdvancedAnnual report
「Acquisition of treasury shares to improve shareholder returns and capital efficiency (September 2024)」
The company acquired treasury shares and is pursuing improved shareholder returns and capital efficiency as capital policies. It also raised debt to meet funding needs, including the acquisition of ソアー. - FY2024-Q3AdvancedAnnual report
「At a board meeting held on 9 February 2024, the company resolved to acquire treasury shares and determined the specific acquisition method pursuant to Article 156 of the Companies Act, as applied with the necessary changes under Article 165, Paragraph 3 of the same Act. 1. Reason for acquiring treasury shares: to improve shareholder returns and capital efficiency.」
The company resolved to acquire treasury shares to improve shareholder returns and capital efficiency. The maximum number of shares to be acquired is 20,000, representing 0.3% of total shares issued, with the acquisition planned for 13 February 2024 through ToSTNeT-3. - FY2024-Q2Update to commitment line amountAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥5,000 million syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company disclosed a ¥5,000 million commitment line as a funding source for working capital and capital expenditures. - FY2024-Q1Quarterly financial results updateAnnual report
「At the end of the first quarter consolidated accounting period, net assets increased by ¥1,091 million from the end of the previous consolidated fiscal year to ¥25,985 million, mainly due to the recognition of quarterly net income attributable to owners of the parent despite dividend payments. Total assets increased by ¥1,010 million to ¥42,788 million, resulting in an equity ratio of 60.7%.」
At the end of the first quarter, net assets were ¥25,985 million, total assets were ¥42,788 million and the equity ratio was 60.7%. While the collection of notes and accounts receivable and other receivables progressed, inventories increased by ¥785 million. - FY2023-Q3Quarterly financial results updateAnnual report
「At the end of the third quarter consolidated accounting period, net assets increased by ¥314 million from the end of the previous consolidated fiscal year to ¥23,883 million, despite dividend payments, due mainly to the recognition of quarterly net income attributable to owners of the parent and the valuation of investment securities. Total assets increased by ¥2,291 million to ¥39,208 million, resulting in an equity ratio of 60.9%. Among current assets, total current assets increased by ¥2,643 million from the end of the previous consolidated fiscal year, as inventories increased by ¥2,210 million due to production delays caused by difficulties procuring materials and parts and higher procurement prices.」
The company disclosed net assets of ¥23,883 million, total assets of ¥39,208 million and an equity ratio of 60.9% at the end of the third quarter. Inventories increased by ¥2,210 million against a backdrop of procurement difficulties and higher prices. - FY2023-Q2Quarterly financial results updateAnnual report
「Among current assets, total current assets increased by ¥1,558 million from the end of the previous consolidated fiscal year, as inventories increased by ¥1,678 million due to delays in production caused by difficulties procuring materials and parts and higher procurement prices, despite progress in collecting trade receivables.」
Inventories increased by ¥1,678 million against a backdrop of difficulties procuring materials and parts and higher prices, updating results related to asset efficiency and financial condition. - FY2023-Q1Quarterly financial results updateAnnual report
「At the end of the first quarter consolidated accounting period, net assets decreased by ¥1,028 million from the end of the previous consolidated fiscal year to ¥22,540 million, mainly due to the recognition of a quarterly net loss attributable to owners of the parent and dividend payments. Total assets decreased by ¥1,028 million to ¥35,888 million, resulting in an equity ratio of 62.8%.」
The company updated net assets, total assets and the equity ratio at the end of the first quarter. Both net assets and total assets decreased by ¥1,028 million from the end of the previous fiscal year. - FY2022-Q3Quarterly financial results updateAnnual report
「At the end of the third quarter consolidated accounting period, net assets decreased by ¥206 million from the end of the previous consolidated fiscal year to ¥22,826 million, despite the recognition of quarterly net income attributable to owners of the parent. This was due mainly to dividend payments and a decrease in non-controlling interests resulting from the company's additional acquisition of shares in consolidated subsidiary System K from non-controlling shareholders. Total assets decreased by ¥227 million to ¥36,256 million, resulting in an equity ratio of 62.9%.」
At the end of the third quarter, net assets were ¥22,826 million, total assets were ¥36,256 million and the equity ratio was 62.9%. The company also reported a decrease in non-controlling interests resulting from the additional acquisition of shares in System K. - FY2022-Q2Quarterly financial results updateAnnual report
「Among current assets, notes receivable, accounts receivable and contract assets decreased by ¥2,243 million as collections progressed, while inventories increased by ¥1,222 million in anticipation of orders received after the end of the second quarter consolidated accounting period.」
Notes and accounts receivable and other assets decreased by ¥2,243 million through collections, while inventories increased by ¥1,222 million in anticipation of orders. The equity ratio was 62.8%. - FY2022-Q1AdvancedAnnual report
「To make effective use of assets held, the company's consolidated subsidiary decided at a board meeting held on 26 July 2021 to sell part of its investment securities, consisting of 3 listed securities, and sold them between 27 July and 11 August 2021. Accordingly, a gain on the sale of investment securities of ¥444 million will be recognized as extraordinary income in the second quarter of the fiscal year ending March 2022.」
As part of its effective use of assets held, the company sold 3 listed securities and indicated that it planned to recognize a ¥444 million gain on sale in the second quarter of the fiscal year ending March 2022. - FY2021RaisedAnnual report
「By making effective use of assets held, we will improve capital efficiency and direct the resulting funds toward growth investments in the business. We will pursue growth investments and optimize equity capital by reducing cross-shareholdings, utilizing real estate held and employing financial leverage.」
In addition to reducing assets and debt, the company expanded the scope of its capital efficiency measures to include reducing cross-shareholdings, monetizing and securitizing real estate, and using financial leverage for growth investments. - FY2021-Q3Quarterly financial results updateAnnual report
「At the end of the third quarter consolidated accounting period, net assets decreased by ¥431 million from the end of the previous consolidated fiscal year to ¥22,087 million, mainly due to a decrease in retained earnings. Total assets decreased by ¥738 million to ¥36,936 million, resulting in an equity ratio of 59.3%. Among current assets, inventories increased by ¥972 million, while notes and accounts receivable decreased by ¥2,581 million as collections progressed. Among liabilities, the provision for bonuses decreased by ¥443 million, borrowings by ¥274 million and consumption taxes payable and other liabilities by ¥293 million.」
Notes and accounts receivable decreased by ¥2,581 million as collections progressed, and the equity ratio was 59.3%. Borrowings also decreased by ¥274 million. - FY2021-Q2Quarterly financial results updateAnnual report
「At the end of the second quarter consolidated accounting period, net assets decreased by ¥1,067 million from the end of the previous consolidated fiscal year to ¥21,451 million, mainly due to a decrease in retained earnings. Total assets decreased by ¥1,369 million to ¥36,305 million, resulting in an equity ratio of 58.6%. Among current assets, inventories increased by ¥630 million, while notes and accounts receivable decreased by ¥2,293 million as collections progressed.」
The equity ratio was 58.6% at the end of the second quarter, while notes and accounts receivable decreased by ¥2,293 million as collections progressed. - FY2021-Q1AdvancedAnnual report
「At the end of the first quarter consolidated accounting period, net assets increased by ¥7 million from the end of the previous consolidated fiscal year to ¥22,526 million, mainly due to an increase in the valuation difference on other securities. Total assets decreased by ¥1,622 million to ¥36,052 million, resulting in an equity ratio of 62.0%. Among current assets, inventories increased by ¥767 million, while notes and accounts receivable decreased by ¥3,295 million as collections progressed.」
The equity ratio was 62.0% at the end of the first quarter, while notes and accounts receivable decreased by ¥3,295 million as collections progressed, updating results related to asset reduction and financial condition. - FY2020AdvancedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and ¥14,131 million in undrawn borrowing capacity, including a ¥7,000 million syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company disclosed cash flow from operating activities of ¥2,172 million, undrawn borrowing capacity of ¥14,131 million and a ¥7,000 million commitment line. Borrowings decreased by ¥526 million due to repayments, updating the company's funding capacity and financial strength. - FY2020-Q3AdvancedAnnual report
「At the end of the third quarter consolidated accounting period, net assets increased by ¥596 million from the end of the previous consolidated fiscal year to ¥24,557 million, mainly due to an increase in retained earnings. Total assets decreased by ¥1,596 million to ¥38,950 million, resulting in an equity ratio of 62.5%. Among liabilities, borrowings decreased by ¥409 million, notes and accounts payable by ¥363 million, and accounts payable by ¥473 million. To improve capital efficiency, the company reduced total assets by collecting trade receivables and paying trade payables.」
The company updated its financial results, including an equity ratio of 62.5%, total assets of ¥38,950 million and a ¥409 million decrease in borrowings, and reported a reduction in total assets through the collection of trade receivables and other measures. - FY2020-Q2AdvancedAnnual report
「Among current assets, inventories increased by ¥598 million, while trade receivables decreased by ¥1,729 million as collections progressed. Among liabilities, trade payables decreased by ¥635 million, borrowings by ¥434 million and accounts payable by ¥319 million.」
The company disclosed decreases of ¥1,729 million in trade receivables and ¥434 million in borrowings as results related to asset efficiency and financial strength. The equity ratio was 61.5% at the end of the second quarter. - FY2020-Q1AdvancedAnnual report
「At the end of the first quarter consolidated accounting period, net assets decreased by ¥247 million from the end of the previous consolidated fiscal year to ¥23,714 million, mainly due to a decrease in retained earnings. Total assets decreased by ¥1,162 million to ¥39,385 million, resulting in an equity ratio of 59.7%.」
The company disclosed an equity ratio of 59.7%, net assets of ¥23,714 million and total assets of ¥39,385 million at the end of the first quarter, updating its financial results. - FY2019AdvancedAnnual report
「Among liabilities, corporate taxes payable and other liabilities increased by ¥315 million due to the recognition of tax expense, while borrowings and bonds decreased by ¥1,216 million due to repayments.」
The company disclosed a ¥1,216 million reduction in borrowings and bonds, an equity ratio of 58.6%, cash flow from operating activities of ¥2,784 million and undrawn borrowing capacity of ¥13,981 million. - FY2019-Q3AdvancedAnnual report
「At the end of the third quarter consolidated accounting period, net assets increased by ¥71 million from the end of the previous consolidated fiscal year to ¥23,438 million, mainly due to an increase in retained earnings. Total assets decreased by ¥1,755 million to ¥39,042 million, resulting in an equity ratio of 59.6%.」
The company disclosed an equity ratio of 59.6%, net assets of ¥23,438 million and total assets of ¥39,042 million at the end of the third quarter. Borrowings and bonds had decreased by ¥624 million from the end of the previous consolidated fiscal year. - FY2019-Q2AdvancedAnnual report
「At the end of the second quarter consolidated accounting period, net assets increased by ¥147 million from the end of the previous consolidated fiscal year to ¥23,514 million, mainly due to an increase in retained earnings. Total assets decreased by ¥631 million to ¥40,166 million, resulting in an equity ratio of 58.1%. Among liabilities, borrowings and bonds decreased by ¥587 million, consumption taxes payable and other liabilities decreased by ¥229 million, and liabilities related to retirement benefits decreased by ¥153 million. We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company disclosed an equity ratio of 58.1%, a ¥587 million decrease in borrowings and bonds, and cash flow from operating activities of ¥1,170 million, updating its results related to financial strength and funding efficiency. - FY2019-Q1AdvancedAnnual report
「At the end of the first quarter consolidated accounting period, net assets decreased by ¥233 million from the end of the previous consolidated fiscal year to ¥23,133 million, mainly due to a decrease in retained earnings. Total assets decreased by ¥1,176 million to ¥39,621 million, resulting in an equity ratio of 57.9%.」
The company disclosed a 57.9% equity ratio, net assets of ¥23,133 million and total assets of ¥39,621 million at the end of the first quarter. It also reported a ¥207 million decrease in long-term borrowings. - FY2018AdvancedAnnual report
「Net assets increased by ¥596 million from the end of the previous fiscal year to ¥23,367 million, while total assets decreased by ¥826 million to ¥40,802 million, resulting in an equity ratio of 56.8%. Among liabilities, the combined balance of short-term borrowings, long-term borrowings and bonds decreased by ¥1,366 million, while liabilities related to retirement benefits decreased by ¥477 million.」
The company disclosed an equity ratio of 56.8% and a ¥1,366 million decrease in total interest-bearing debt and other liabilities, demonstrating stronger financial fundamentals. - FY2018-Q3RestatedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company has reaffirmed its funding policy of improving asset efficiency, securing operating cash flow and utilizing the ¥7 billion commitment line. - FY2018-Q2Update on cash flow from operating activitiesAnnual report
「Cash flow from operating activities was an inflow of ¥1,880 million, despite cash outflows resulting from an increase in inventories, mainly due to a decrease in trade receivables and the recognition of depreciation and amortization.」
Cash flow from operating activities for the cumulative second quarter period was an inflow of ¥1,880 million, updating the results related to asset and funding efficiency. - FY2018-Q1RestatedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company has reaffirmed its funding policy of improving asset efficiency, securing operating cash flow and utilizing the ¥7 billion commitment line. - FY2017AdvancedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and ¥13,531 million in undrawn borrowing capacity, including a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company disclosed cash flow from operating activities of ¥3,653 million, a funding policy including debt repayments, and ¥13,531 million in undrawn borrowing capacity, including a ¥7 billion commitment line. - FY2017-Q3RestatedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
The company has reiterated its policy of raising funds by improving asset efficiency, securing operating cash flow and utilizing the ¥7 billion commitment line. - FY2017-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥2,946 million, despite cash outflows resulting from an increase in inventories, mainly due to a decrease in trade receivables and the recognition of depreciation and amortization.」
Cash flow from operating activities for the cumulative second quarter period was an inflow of ¥2,946 million, demonstrating the results of measures related to asset and funding efficiency. - FY2017-Q1RestatedAnnual report
「We believe that, through improved asset efficiency, securing cash flow from operating activities and utilizing a ¥7 billion syndicated commitment line, we can secure funding for working capital and capital expenditures over the near term.」
In addition to improving asset efficiency and cash flow, the company has identified the ¥7 billion commitment line as a funding source. - FY2016First statedAnnual report
「We will improve capital efficiency, enhance the efficiency of development and investment, strengthen supply chain management, and improve asset efficiency by reducing inventories and reviewing assets held. We will also improve funding efficiency by reducing interest-bearing debt through the use of funds within the group.」
To improve capital efficiency, the company is reducing inventories, reviewing assets held, strengthening the supply chain and using funds within the group.