Komori
Sanken Electric (6707) · PolicyHigher liabilities and lower net assets

Strengthening the Financial Position

First written in FY2017-Q1. 14 of 31 entries say "Restated". Latest entry: FY2026.

31entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2019-Q3OtherFY2023-Q1 – FY20262016: 220162017: 320172018: 320182019: 420192020: 320202021: 320212022: 320222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Improving the consolidated financial positionA theme 45 companies write about · 4 as a headwind · 39 as a tailwind

The whole theme swung hardest in 2020: 9 of 36 companies on the "Worse" side.

13 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 45 companies compared. The sentences above are computed from all 45.
Full recordFilings, disclosures and news, newest first
  1. FY2026Higher liabilities and lower net assetsAnnual report

    「Total liabilities stood at ¥119,491 million, an increase of ¥8,353 million from the end of the previous consolidated fiscal year. Net assets stood at ¥119,965 million, a decrease of ¥27,963 million.」

    Liabilities increased by ¥8,353 million due to an increase in short-term borrowings and other factors, while net assets decreased by ¥27,963 million due to a decrease in retained earnings and other factors.
  2. 2026-05-15RestatedEarnings presentation

    「引き続き健全な財務体質を維持」

    財務体質について、健全な状態を維持するとの認識が再掲された。
  3. FY2026-H1Decrease in net assets due to the acquisition of treasury sharesAnnual report

    「Net assets totaled ¥123,755 million, a decrease of ¥24,173 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥23,468 million in treasury stock, among other factors.」

    Treasury stock increased by ¥23,468 million due to share repurchases, and net assets decreased by ¥24,173 million from the end of the previous fiscal year.
  4. FY2025Reduction in financial scale and leverage due to a reduction in the scope of consolidationAnnual report

    「Interest-bearing debt stood at ¥63,143 million at the end of the current consolidated fiscal year, and the interest-bearing debt ratio was 24.4%.」

    Total assets, liabilities and net assets declined following the exclusion of Allegro and Polar from the scope of consolidation. Interest-bearing debt stood at ¥63,143 million, and the interest-bearing debt ratio was 24.4%.
  5. FY2025-H1Decrease in total assets, liabilities and net assets due to a reduction in the scope of consolidationAnnual report

    「As of the end of the interim consolidated accounting period, total assets stood at ¥284,267 million, a decrease of ¥99,324 million from the end of the previous consolidated fiscal year. Total liabilities stood at ¥134,596 million, a decrease of ¥50,375 million. Net assets stood at ¥149,670 million, a decrease of ¥48,948 million.」

    Total assets, liabilities and net assets declined substantially due to the exclusion of Allegro and Polar from the scope of consolidation, among other factors.
  6. FY2024-Q3Increase in assets, liabilities and net assetsAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, total assets stood at ¥367,986 million, an increase of ¥66,035 million from the end of the previous consolidated fiscal year. Total liabilities stood at ¥169,902 million, an increase of ¥41,147 million. Net assets stood at ¥198,084 million, an increase of ¥24,888 million.」

    From the end of the previous consolidated fiscal year, total assets increased by ¥66,035 million, liabilities by ¥41,147 million and net assets by ¥24,888 million. The increase in intangible fixed assets was affected by the acquisition of shares in Crocus Technology.
  7. FY2024-Q2Increase in net assets and total assetsAnnual report

    「Net assets totaled ¥205,192 million, an increase of ¥31,996 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥13,912 million in the foreign currency translation adjustment account and ¥13,287 million in non-controlling interests.」

    Net assets increased by ¥31,996 million from the end of the previous consolidated fiscal year, and the equity ratio rose from 36.8% to 38.2%. Total assets also increased by ¥37,408 million.
  8. FY2024-Q1Increase in net worth and equity ratioAnnual report

    「Net assets amounted to ¥192.084 billion, an increase of ¥18.889 billion from the end of the previous consolidated fiscal year.」

    Net assets increased by ¥18,889 million, and the equity ratio rose from 36.8% at the end of the previous fiscal year to 38.1%. Liabilities, meanwhile, also increased by ¥5,335 million.
  9. FY2023Increase in interest-bearing debt and lower reliance on itAnnual report

    「At the end of the consolidated fiscal year, the balance of interest-bearing debt was ¥82.090 billion, and the interest-bearing debt dependency ratio was 27.2%.」

    The balance of interest-bearing debt increased from ¥70.388 billion in the previous fiscal year, while the interest-bearing debt dependency ratio declined from 30.1% to 27.2%.
  10. FY2023-Q3Increase in assets, liabilities and net assetsAnnual report

    「At the end of the third quarter of the fiscal year, assets amounted to ¥290.871 billion, an increase of ¥46.138 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥10.766 billion in cash and deposits, ¥8.490 billion in property, plant and equipment and ¥15.011 billion in inventories. Liabilities amounted to ¥127.359 billion, an increase of ¥20.031 billion from the end of the previous consolidated fiscal year. Net assets amounted to ¥163.512 billion, an increase of ¥26.107 billion from the end of the previous consolidated fiscal year.」

    Compared with the end of the previous consolidated fiscal year, assets increased by ¥46.138 billion, liabilities by ¥20.031 billion and net assets by ¥26.107 billion.
  11. FY2023-Q2Increase in assets, liabilities and net assetsAnnual report

    「Assets amounted to ¥285.756 billion, an increase of ¥41.024 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥12.648 billion in cash and deposits, ¥9.918 billion in property, plant and equipment and ¥9.291 billion in inventories. Liabilities amounted to ¥120.488 billion, an increase of ¥13.160 billion from the end of the previous consolidated fiscal year. Net assets amounted to ¥165.268 billion, an increase of ¥27.863 billion from the end of the previous consolidated fiscal year.」

    Compared with the end of the previous consolidated fiscal year, assets increased by ¥41.024 billion, liabilities by ¥13.160 billion and net assets by ¥27.863 billion. The increase in net assets included increases of ¥9.469 billion in the foreign currency translation adjustment account and ¥13.533 billion in non-controlling interests, among other items.
  12. FY2023-Q1Increase in assets, liabilities and net assetsAnnual report

    「Liabilities amounted to ¥119.327 billion, an increase of ¥12.0 billion from the end of the previous consolidated fiscal year. Net assets amounted to ¥151.939 billion, an increase of ¥14.534 billion from the end of the previous consolidated fiscal year.」

    Liabilities increased by ¥12.0 billion and net assets increased by ¥14.534 billion. The equity ratio declined from 38.8% at the end of the previous consolidated fiscal year to 37.8%.
  13. FY2022-Q3AdvancedAnnual report

    「Liabilities amounted to ¥106.789 billion, a decrease of ¥13.633 billion from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥15.0 billion from the redemption of bonds, ¥2.740 billion in notes and accounts payable and ¥1.088 billion in short-term borrowings, partly offset by an increase of ¥9.555 billion in long-term borrowings. Net assets amounted to ¥126.285 billion, an increase of ¥13.034 billion from the end of the previous consolidated fiscal year.」

    Liabilities decreased by ¥13.633 billion and net assets increased by ¥13.034 billion. The Company also proceeded with a change in its debt composition, reducing bonds and short-term borrowings while increasing long-term borrowings.
  14. FY2022-Q1AdvancedAnnual report

    「Liabilities amounted to ¥115.429 billion, a decrease of ¥4.993 billion from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥2.622 billion in notes and accounts payable, ¥1.945 billion in other accounts payable and ¥1.339 billion in provision for loss on business transfer. Net assets amounted to ¥116.156 billion, an increase of ¥2.905 billion from the end of the previous consolidated fiscal year.」

    In connection with the policy of strengthening the financial position, liabilities decreased by ¥4.993 billion and net assets increased by ¥2.905 billion.
  15. FY2021AdvancedAnnual report

    「For the fiscal year ending March 2022, the first year of the 21 Medium-Term Management Plan, the Company will reliably complete the structural reforms pursued under the 18 Medium-Term Management Plan, accelerate the fundamental rebuilding of Sanken Core, which had a low-profitability structure, launch new products through development reform aimed at restoring product competitiveness, and strengthen its financial position.」

    Strengthening the financial position was reorganised for the first year of the 21 Medium-Term Management Plan as an execution policy integrated with completing structural reform, development reform and the launch of new products.
  16. FY2021-Q3RestatedAnnual report

    「The Group has adopted “Structural reform,” “Realise the growth strategy,” “Strengthen the financial position” and “Promote work-style reform” as its basic policies for the fiscal year」

    The Company continues to pursue strengthening its financial position as one of its basic policies for the fiscal year.
  17. FY2021-Q2RestatedAnnual report

    「Under these circumstances, the Group has adopted “Structural reform,” “Realise the growth strategy,” “Strengthen the financial position” and “Promote work-style reform” as its basic policies for the fiscal year」

    The Company continues to identify the 4 items, including strengthening its financial position, as its basic policies for the fiscal year.
  18. FY2021-Q1RestatedAnnual report

    「Under these circumstances, the Group has adopted “Structural reform,” “Realise the growth strategy,” “Strengthen the financial position” and “Promote work-style reform” as its basic policies for the fiscal year」

    The Company continues to identify strengthening its financial position as one of its basic policies for the fiscal year.
  19. FY2020RestatedAnnual report

    「Early recovery of investments and reduction of interest-bearing debt through inventory compression」

    As basic policies under the 18 Medium-Term Management Plan, the Company continues to pursue investment recovery, inventory compression and reductions in interest-bearing debt.
  20. FY2020-Q2AdvancedAnnual report

    「To optimise logistics, the Company decided to absorb and merge its logistics subsidiary Sanken Logistics Co., Ltd. effective 1 April 2020, in line with the expansion of outsourced logistics operations. As the real estate leased to the subsidiary would become idle assets, the Company decided to transfer the following assets in order to improve asset efficiency and strengthen its financial position.」

    Specific measures were presented to improve asset efficiency and strengthen the financial position through the transfer of idle real estate accompanying the absorption and merger of the logistics subsidiary.
  21. FY2020-Q1RestatedAnnual report

    「In response to the deterioration in the order environment, the Company has pursued emergency measures including expense reductions and selective investment.」

    In connection with strengthening the financial position, the Company continues to implement measures including expense reductions and selective investment in response to the deterioration in the order environment.
  22. FY2019AdvancedAnnual report

    「Early recovery of investments and reduction of interest-bearing debt through inventory compression」

    Strengthening the financial position was implemented through specific measures including investment recovery, inventory compression and reductions in interest-bearing debt.
  23. FY2019-Q3RestatedAnnual report

    「During the fiscal year, the Company launched the “2018 Medium-Term Management Plan.” The long-term vision under the plan is a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation.” For the first year of the plan, the Company identified three basic policies, “Realise the growth strategy,” “Promote work-style reform” and “Strengthen the financial position,” and is working to expand sales and profit.」

    The Company continues to pursue strengthening its financial position as a basic policy for the first year of the 2018 Medium-Term Management Plan.
  24. FY2019-Q2RestatedAnnual report

    「Against this backdrop, the Company launched the “2018 Medium-Term Management Plan” on 1 April this year. The long-term vision under the plan is a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation.” For the first year of the plan, the Company identified three basic policies, “Realise the growth strategy,” “Promote work-style reform” and “Strengthen the financial position,” and is working to expand sales and profit.」

    The Company continues to pursue strengthening its financial position as a basic policy for the first year of the 2018 Medium-Term Management Plan.
  25. FY2019-Q1RestatedAnnual report

    「The long-term vision under the plan is a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation.” For the first year of the plan, the Company has identified three basic policies, “Realise the growth strategy,” “Promote work-style reform” and “Strengthen the financial position.” Under the plan, the Company is building the “Sanken Power Electronics Platform” as a new development concept and working to expand sales through the timely launch of competitive new products. It is also strengthening inventory management and working to improve its financial position by reducing inventories and interest-bearing debt.」

    Strengthening the financial position continued as a basic policy of the 2018 Medium-Term Management Plan, with inventory management and reductions in inventories and interest-bearing debt identified as measures.
  26. FY2018-Q3RestatedAnnual report

    「Against this backdrop, the Company has identified two basic policies for this fiscal year, “Focus on growth markets” and “Strengthen the financial position,” and has worked to expand sales of new products in the globally expanding eco-friendly and energy-saving market, while pursuing fundamental improvements to its earnings structure.」

    The Company has reiterated strengthening its financial position as a basic policy for this fiscal year and is pursuing fundamental improvements to its earnings structure.
  27. FY2018-Q2RestatedAnnual report

    「Against this backdrop, the Company has identified two basic policies for achieving growth this fiscal year, “Focus on growth markets” and “Strengthen the financial position,” and has worked to expand sales of new products in the priority strategic markets of eco-friendly and energy-saving products and green energy, while improving its earnings structure by reducing fixed costs.」

    The Company has reiterated strengthening its financial position as a basic policy and continues to improve its earnings structure by reducing fixed costs.
  28. FY2018-Q1RestatedAnnual report

    「Against this backdrop, the Company has identified two basic policies for achieving growth, “Focus on growth markets” and “Strengthen the financial position,” and has worked to expand sales of new products in the priority strategic markets of eco-friendly and energy-saving products and green energy, while reducing fixed costs.」

    The Company has reiterated strengthening its financial position as a basic policy and identified fixed-cost reductions as a measure.
  29. FY2017-Q3RestatedAnnual report

    「Against this backdrop, the Company has identified “Focus on growth markets” and “Strengthen the financial position” as its basic policies, worked to improve earnings power by shifting its product mix in line with market trends, and pursued improvements to its financial position.」

    The Company has reiterated strengthening and improving its financial position as a basic policy.
  30. FY2017-Q2RestatedAnnual report

    「The Company’s basic policies are “Focus on growth markets” and “Strengthen the financial position”」

    The Company has reiterated strengthening its financial position as a basic policy, with no material change in substance.
  31. FY2017-Q1First statedAnnual report

    「The Company’s basic policies are “Focus on growth markets” and “Strengthen the financial position”」

    The Company has identified strengthening its financial position as a basic policy.
Moved together

"Cost Improvement Initiatives for Unprofitable Products" moved the same way as this thread, in the same document, in 4 of its 31 moves.

444443★123456
  1. ★This thread
  2. 1Cost Improvement Initiatives for Unprofitable Products4×
  3. 2Inventory Reduction4×
  4. 3Recognition of Extraordinary Losses Associated with Restructuring4×
  5. 4Workforce Adjustments in the PM Business4×
  6. 5Improving Business Fundamentals and Establishing the Foundation for Growth Strategies through Group Structural Reform4×
  7. 6Improving Earnings Power by Shifting the Product Mix3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Sanken Electric's next results are scheduled for 2026-11-11. Read the earnings preview It last moved in the Earnings presentation of 2026-05-15: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.