Strengthening the Financial Position and Improving the Equity Ratio
First written in FY2017. 18 of 32 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 8 of 30 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2026Decline in the equity ratio and operating cash flowAnnual report
「Cash flows from operating activities resulted in an inflow of ¥30.732 billion. Positive factors, including net income before income taxes, an increase in contract liabilities and depreciation and amortization, were offset by negative factors, including income taxes paid and increases in trade receivables and inventories.」
Operating cash flow declined from ¥3,481.1 million in the previous fiscal year to ¥3,073.2 million, and the equity ratio also fell from 59.6% to 58.2%. Meanwhile, the policy of strengthening cash flow management continued. - FY2026-H1Decline in the equity ratio and operating cash flowAnnual report
「Equity ratio (%) 57.7 59.0 59.6 Cash flows from operating activities (millions of yen) 12,781 11,700 34,811」
The equity ratio was 59.0% at the end of the interim period under review, down from 59.6% at the end of the previous consolidated fiscal year. Operating cash flow also declined from ¥1,278.1 million in the same period of the previous year to ¥1,170 million. - FY2025AdvancedAnnual report
「Cash flows from operating activities resulted in ¥3,481.1 million of cash inflow. In addition to recording income before income taxes and depreciation and amortization, the Company reduced working capital by further strengthening cash flow management.」
Operating cash flow improved from ¥1,716.2 million in the previous fiscal year to ¥3,481.1 million, indicating progress in strengthening cash flow management through working capital reduction. - FY2025-H1AdvancedAnnual report
「Cash flows from operating activities resulted in ¥1,278.1 million of cash inflow, compared with ¥885.2 million of cash inflow in the same period of the previous year. Positive factors included income before income taxes for the interim period, depreciation and amortization, and an increase in trade payables, while negative factors included a decrease in contract liabilities and an increase in inventories.」
Operating cash flow increased from ¥885.2 million in the same period of the previous year to ¥1,278.1 million. The equity ratio also improved from 54.7% to 57.7%, indicating progress in financial strength. - FY2024AdvancedAnnual report
「Cash flows from operating activities resulted in ¥1,716.2 million of cash inflow, as income before income taxes and depreciation and amortization were recorded despite an increase in working capital. The Company will continue to further strengthen cash flow management to achieve cumulative operating cash flow of ¥6,300 million for the 3 years through the fiscal year ending June 2026, the target set out in its medium-term management plan.」
Operating cash flow improved from ¥101.1 million in the previous fiscal year to ¥1,716.2 million. Operating cash flow of ¥1,720 million was reported as the first-year result toward the cumulative ¥6,300 million target for the 3 years through the fiscal year ending June 2026. - FY2024-Q3AdvancedAnnual report
「Cash flows from operating activities resulted in ¥1,228.6 million of cash inflow, compared with ¥361.5 million of cash outflow in the same period of the previous year. Positive factors included income before income taxes for the quarter, increases in contract liabilities, and depreciation and amortization, while negative factors included increases in trade receivables and inventories and a decrease in trade payables.」
Operating cash flow for the first 3 quarters was ¥1,228.6 million, improving from ¥361.5 million of cash outflow in the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「Cash flows from operating activities resulted in ¥885.2 million of cash inflow, compared with ¥242.0 million of cash outflow in the same period of the previous year. Positive factors included income before income taxes for the quarter, depreciation and amortization, increases in contract liabilities, and a decrease in accrued consumption taxes, while negative factors included increases in trade receivables and inventories.」
Operating cash flow for the first 2 quarters was ¥885.2 million, improving from ¥242.0 million of cash outflow in the same period of the previous year. Increases in trade receivables and inventories continued to be cited as negative factors. - FY2024-Q1Lower Operating Cash FlowAnnual report
「Cash flows from operating activities resulted in ¥132.4 million of cash inflow, compared with ¥510.6 million of cash inflow in the same period of the previous year. Positive factors included income before income taxes for the quarter, depreciation and amortization, increases in contract liabilities, and a decrease in accrued consumption taxes, while negative factors included increases in inventories and trade receivables.」
Operating cash flow for the first quarter was ¥132.4 million, down from ¥510.6 million in the same period of the previous year. Increases in inventories and trade receivables were cited as negative factors. - FY2023ReframedAnnual report
「Cash flows from operating activities resulted in ¥101.1 million of cash inflow, as income before income taxes and depreciation and amortization were recorded despite an increase in working capital due to measures such as responding to longer lead times for parts. The Company will continue to further strengthen cash flow management to achieve cumulative operating cash flow of ¥6,300 million for the 3 years through the fiscal year ending June 2026, the target set out in its medium-term management plan.」
The Company transitioned from its previous operating cash flow target for the fiscal year ending June 2023 to a new medium-term management plan targeting cumulative operating cash flow of ¥6,300 million for the 3 years through the fiscal year ending June 2026. Operating cash flow for fiscal 2023 was ¥101.1 million. - FY2023-Q3Equity ratio rose, but operating cash flow was negativeAnnual report
「Equity ratio (%) 54.4 56.9 53.3 Cash flows from operating activities (millions of yen) 12,781 11,700 34,811 Cash flows from operating activities resulted in ¥361.5 million of cash outflow, compared with ¥2,330.5 million of cash inflow in the same period of the previous year. Positive factors included income before income taxes for the quarter and a decrease in trade receivables, while negative factors included increases in inventories, a decrease in trade payables, and income tax payments.」
The equity ratio was 56.9% at the end of the third quarter, up from 54.4% in the same period of the previous year. Meanwhile, cash flows from operating activities resulted in ¥361.5 million of cash outflow, deteriorating from ¥2,330.5 million of cash inflow in the same period of the previous year. - FY2023-Q2Equity ratio declined year on yearAnnual report
「Equity ratio (%) 56.1 55.8 53.3」
The equity ratio was 55.8% at the end of the second quarter under review, down from 56.1% in the same period of the previous year but up from 53.3% at the end of the previous consolidated fiscal year. - FY2023-Q1Equity ratio declined year on yearAnnual report
「Equity ratio (%) 55.4 54.2 53.3」
The equity ratio was 54.2% at the end of the first quarter under review, down from 55.4% in the same period of the previous year but up from 53.3% at the end of the previous consolidated fiscal year. - FY2022AchievedAnnual report
「Cash flows from operating activities resulted in ¥3,393.1 million of cash inflow. In addition to recording income before income taxes and depreciation and amortization, the Company improved its cash conversion cycle (CCC) by strengthening cash flow management aimed at improving capital efficiency amid a trend toward higher orders. The Company will continue to further strengthen cash flow management to achieve the ¥2,900 million operating cash flow target for fiscal 2022 set out in its medium-term management plan.」
Operating cash flow was ¥3,393.1 million, exceeding the ¥2,900 million target for fiscal 2022. The Company also reported stronger cash flow management, including improvements in the CCC. - FY2022-Q3AdvancedAnnual report
「Cash flows from operating activities resulted in ¥2,330.5 million of cash inflow, compared with ¥2,003.2 million in the same period of the previous year. Positive factors included income before income taxes for the quarter, depreciation and amortization, and increases in trade payables and contract liabilities, while negative factors included increases in trade receivables and inventories.」
Operating cash flow for the first 3 quarters was ¥2,330.5 million, up from ¥2,003.2 million in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「Equity ratio (%) 55.5 56.1 57.0」
The equity ratio was 56.1% at the end of the second quarter under review, up from 55.5% in the same period of the previous year. - FY2022-Q1Equity ratio: 55.4%Annual report
「Equity ratio (%) 54.2 55.4 57.0」
The equity ratio was 55.4% at the end of the first quarter under review. Although this was higher than the 54.2% recorded in the same period of the previous year, it was down from 57.0% at the end of the previous consolidated fiscal year. - FY2021AdvancedAnnual report
「Cash flows from operating activities resulted in ¥2,552 million of cash inflow. In addition to recording income before income taxes and depreciation and amortization, the Company reduced working capital by strengthening cash flow management aimed at improving capital efficiency amid a trend toward higher orders. The Company will continue to further strengthen cash flow management to achieve the ¥2,900 million operating cash flow target for fiscal 2023 set out in its medium-term management plan.」
Operating cash flow was ¥2,552 million, representing progress toward the ¥2,900 million target for fiscal 2023, with measures to improve capital efficiency by reducing working capital also outlined. - FY2021-Q3AdvancedAnnual report
「As a result, the equity ratio was 55.7% at the end of the third quarter of the current consolidated fiscal year.」
The equity ratio was 55.7%, up from the end of the previous quarter, improving an indicator related to strengthening the financial position. - FY2021-Q2AdvancedAnnual report
「As a result, the equity ratio was 55.5% at the end of the second quarter of the current consolidated fiscal year.」
The equity ratio rose to 55.5%, from 54.6% at the end of the previous consolidated fiscal year, improving an indicator related to the financial position. - FY2021-Q1AdvancedAnnual report
「As a result, the equity ratio was 54.2% at the end of the first quarter of the current consolidated fiscal year.」
The equity ratio rose to 54.2%, from 53.5% at the end of the previous consolidated fiscal year, improving an indicator related to the financial position. - FY2020ReframedAnnual report
「Strengthening the financial foundation Strengthening cash flow management with the goals of improving capacity for development investment and capital efficiency」
The focus shifted from the previous approach of strengthening the financial position, centred on improving the equity ratio, to cash flow management aimed at improving capacity for development investment and capital efficiency. - FY2020-Q3AdvancedAnnual report
「As a result, the equity ratio was 54.0% at the end of the third quarter of the current consolidated fiscal year.」
The equity ratio rose to 54.0%, from 51.9% at the end of the previous quarter, improving an indicator related to strengthening the financial position. - FY2020-Q2Declining equity ratioAnnual report
「As a result, the equity ratio was 51.9% at the end of the second quarter of the current consolidated fiscal year.」
The equity ratio was 51.9%, down from 53.5% at the end of the previous consolidated fiscal year. - FY2020-Q1AdvancedAnnual report
「As a result, the equity ratio was 53.8% at the end of the first quarter of the current consolidated fiscal year.」
The equity ratio rose to 53.8%, from 53.5% at the end of the previous consolidated fiscal year, improving an indicator related to strengthening the financial position. - FY2019AdvancedAnnual report
「As a result, the equity ratio was 53.5% at the end of the consolidated fiscal year.」
The equity ratio improved to 53.5%, from 49.6% at the end of the previous consolidated fiscal year. - FY2019-Q3AdvancedAnnual report
「As a result, the equity ratio was 51.1% at the end of the third quarter of the current consolidated fiscal year.」
The equity ratio rose to 51.1%, from 50.9% at the end of the second quarter. - FY2019-Q2AdvancedAnnual report
「As a result, the equity ratio was 50.9% at the end of the second quarter of the current consolidated fiscal year.」
The equity ratio rose to 50.9%, from 49.6% at the end of the previous consolidated fiscal year and 49.9% at the end of the first quarter. - FY2019-Q1AdvancedAnnual report
「As a result, the equity ratio was 49.9% at the end of the first quarter of the current consolidated fiscal year.」
The equity ratio related to measures to strengthen the financial position was 49.9% at the end of the first quarter. - FY2018AdvancedAnnual report
「As a result, the equity ratio was 49.5% at the end of the consolidated fiscal year.」
The equity ratio related to measures to strengthen the financial position improved to 49.5%, from 40.2% at the end of the previous consolidated fiscal year. - FY2017First statedAnnual report
「D. Strengthening the financial position [Enhancing capacity for growth investment] ・Further strengthen the financial position, including by improving the equity ratio」
A measure to further strengthen the financial position, including improving the equity ratio, in order to enhance the capacity for growth investment.