Enhancing Free Cash Flow Through Operating Profitability and Asset Efficiency
First written in FY2016. 21 of 34 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2018: 2 of 21 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Cash flow generated by operating activities was ¥624.3 billion, while cash flow used in investing activities was ¥607.4 billion. Free cash flow, the sum of the two, was ¥16.9 billion, an improvement of ¥80.7 billion year on year.」
Free cash flow turned positive, from negative ¥63.8 billion in the previous fiscal year to positive ¥16.9 billion, an improvement of ¥80.7 billion. Lower capital expenditures and proceeds from the transfer of PHS shares were cited as factors. - 2026-05-12MitigatedEarnings
「As a result, free cash flow was positive at ¥16.9 billion, an improvement of ¥80.7 billion from the previous fiscal year.」
Free cash flow turned positive in FY2025 from negative in the previous fiscal year, improving by ¥80.7 billion year on year. - FY2026-H1WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flow from operating activities and cash flow from investing activities, was negative ¥100.7 billion, a deterioration of ¥62.5 billion from the same period of the previous year.」
Free cash flow deteriorated from positive in the same period of the previous year to negative ¥100.7 billion in the interim period. The decline in operating cash flow was attributable in part to the absence of the previous year's cash proceeds from the sale of rights to U.S. IRA subsidies. - FY2025-H1WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flow from operating activities and cash flow from investing activities, was negative ¥38.2 billion, a deterioration of ¥199.7 billion from the same period of the previous year.」
Free cash flow deteriorated from positive in the same period of the previous year to negative ¥38.2 billion in the interim period. Increased capital expenditures, mainly for automotive batteries, and spending on the acquisition of One Network were cited as factors behind the deterioration in investing cash flow. - FY2024AdvancedAnnual report
「Cash flow generated by operating activities was ¥866.9 billion, while cash flow used in investing activities was ¥578.8 billion. Free cash flow, the sum of the two, was ¥288.1 billion, an improvement of ¥111.4 billion year on year.」
Free cash flow increased from ¥176.7 billion in the previous fiscal year to ¥288.1 billion, an improvement of ¥111.4 billion year on year. The improvement reflected higher operating cash flow and management of working capital, capital expenditures and other items. - FY2024-Q3AdvancedAnnual report
「Cash flow generated by operating activities in the cumulative third quarter was ¥598.3 billion, compared with ¥313.7 billion in the same period of the previous year. The primary factor behind the year-on-year change was improvement in changes in inventories and other items. Cash flow used in investing activities was ¥380.3 billion, compared with ¥215.8 billion used in the same period of the previous year. The primary factors behind the year-on-year change included increased capital expenditures, mainly for automotive batteries, despite progress in asset sales. As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥218.0 billion, an improvement of ¥120.1 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was ¥218.0 billion, an improvement of ¥120.1 billion from the same period of the previous year. Improvement in changes in inventories, asset sales and increased capital expenditures, mainly for automotive batteries, were cited as factors. - FY2024-Q2AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥161.5 billion, an improvement of ¥92.2 billion from the same period of the previous year.」
Free cash flow for the cumulative second quarter was positive at ¥161.5 billion, an improvement of ¥92.2 billion from the same period of the previous year. Improved working capital was identified as the main factor in operating cash flow, while increased capital expenditures were identified as the main factor in investing cash flow. - FY2024-Q1AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥100.5 billion, an improvement of ¥52.2 billion from the same period of the previous year.」
Free cash flow was positive at ¥100.5 billion, an improvement of ¥52.2 billion from the same period of the previous year. Operating cash flow was ¥226.6 billion, driven by improved working capital and other factors, while investing cash flow deteriorated because of increased capital expenditures. - FY2023-Q3AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥97.9 billion, an improvement of ¥754.8 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was positive at ¥97.9 billion, an improvement of ¥754.8 billion from the same period of the previous year. The absence of investment spending related to the acquisition of Blue Yonder as a subsidiary in the same period of the previous year was cited as a factor. - FY2023-Q2AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥69.3 billion, an improvement of ¥730.5 billion from the same period of the previous year.」
Free cash flow for the first half of fiscal 2022 was positive at ¥69.3 billion, an improvement of ¥730.5 billion from the same period of the previous year. The absence of investment spending related to the acquisition of Blue Yonder as a subsidiary in the same period of the previous year was cited as a factor. - FY2023-Q1WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥48.3 billion, a deterioration of ¥22.8 billion from the same period of the previous year.」
Free cash flow remained positive at ¥48.3 billion in the first quarter, but deteriorated by ¥22.8 billion from the same period of the previous year. Increased capital expenditures and other factors were cited as contributors to the deterioration in investing cash flow. - FY2022WorsenedAnnual report
「Cash flow generated by operating activities in the current fiscal year was ¥252.6 billion, while cash flow used in investing activities was ¥796.1 billion. Free cash flow, the sum of the 2, was negative ¥543.5 billion, a deterioration of ¥1.2241 trillion from the previous fiscal year.」
Free cash flow deteriorated from ¥680.6 billion in the previous fiscal year to negative ¥543.5 billion because of investment spending related to the acquisition of Blue Yonder as a subsidiary and other factors. - FY2022-Q3WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating activities and cash flows from investing activities, was negative ¥656.9 billion, a deterioration of ¥968.8 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was negative ¥656.9 billion, a deterioration of ¥968.8 billion from the same period of the previous year. Expenditures related to the acquisition of Blue Yonder as a subsidiary, increased capital expenditures and the absence of temporary proceeds from asset transfers in the same period of the previous year were cited as factors. - FY2022-Q2WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥661.2 billion, a deterioration of ¥765.1 billion from the same period of the previous year.」
Free cash flow for the first half deteriorated from a positive level in the same period of the previous year to negative ¥661.2 billion, mainly because of expenditures related to the acquisition of Blue Yonder as a subsidiary. - FY2022-Q1AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥71.1 billion, an improvement of ¥125.3 billion from the same period of the previous year.」
Free cash flow for the first quarter was positive at ¥71.1 billion, an improvement of ¥125.3 billion from negative ¥54.2 billion in the same period of the previous year. Increased quarterly net income and operating liabilities were cited as factors behind the improvement in operating cash flow. - FY2021AdvancedAnnual report
「Cash flow generated by operating activities in the current fiscal year was ¥504.0 billion, while cash flow generated by investing activities was ¥176.6 billion. Free cash flow, the sum of the 2, was ¥680.6 billion, an improvement of ¥456.4 billion from the previous fiscal year.」
Free cash flow increased from ¥224.2 billion in the previous fiscal year to ¥680.6 billion, improving substantially on the back of working capital, restrained capital expenditures, the conversion of businesses into joint ventures and asset transfers. - FY2021-Q3AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating activities and cash flows from investing activities, was ¥311.9 billion, an improvement of ¥183.3 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was positive at ¥311.9 billion, an improvement of ¥183.3 billion from the same period of the previous year. Lower capital expenditures, proceeds associated with the conversion of PPES into a joint venture and asset transfers were cited as factors behind the improvement in investing cash flow. - FY2021-Q2AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥103.9 billion, an improvement of ¥85.3 billion from the same period of the previous year.」
Free cash flow turned positive at ¥103.9 billion in the first half of fiscal 2020, compared with negative ¥54.2 billion in the previous quarter, and improved by ¥85.3 billion from the same period of the previous year. Lower capital expenditures and business transfers were cited as factors behind the improvement in investing cash flow. - FY2021-Q1WorsenedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥54.2 billion, a deterioration of ¥95.4 billion from the same period of the previous year.」
Free cash flow, which had improved to a positive level in fiscal 2019 and the first half of fiscal 2020, turned negative at ¥54.2 billion in the first quarter of fiscal 2020, deteriorating by ¥95.4 billion from the same period of the previous year. - FY2020-Q3AdvancedAnnual report
「As a result, free cash flow was ¥128.6 billion, an improvement of ¥193.2 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was positive at ¥128.6 billion, an improvement of ¥193.2 billion from the same period of the previous year. Improved working capital and the absence of the previous year's temporary legal-related expense payments were cited as factors. - FY2020-Q2AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥18.6 billion, an improvement of ¥102.3 billion from the same period of the previous year.」
Free cash flow for the first half of fiscal 2019 was positive at ¥18.6 billion, an improvement of ¥102.3 billion from the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was ¥41.2 billion, an improvement of ¥81.7 billion from the same period of the previous year.」
Free cash flow was positive at ¥41.2 billion in the first quarter, an improvement of ¥81.7 billion from the same period of the previous year. Improved working capital and other factors were cited as contributors to the increase in operating cash flow. - FY2019AdvancedAnnual report
「Free cash flow was ¥10.3 billion. Despite temporary payments of legal-related expenses and other items during the current fiscal year, free cash flow improved by ¥45.9 billion from the previous fiscal year because of improved working capital, lower capital expenditures and proceeds from land sales.」
Free cash flow turned positive, rising from negative ¥35.6 billion in the previous fiscal year to ¥10.3 billion, with working capital, capital expenditures and land sales contributing to the improvement. - FY2019-Q3AdvancedAnnual report
「As a result, free cash flow was negative ¥64.6 billion, an improvement of ¥25.0 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter remained negative, but improved by ¥25.0 billion from the same period of the previous year. - FY2019-Q2AdvancedAnnual report
「As a result, free cash flow was negative ¥83.7 billion, an improvement of ¥25.4 billion from the same period of the previous year.」
Free cash flow remained negative, but improved by ¥25.4 billion from the same period of the previous year. - FY2019-Q1AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥40.5 billion, an improvement of ¥6.2 billion from the same period of the previous year.」
Free cash flow remained negative at ¥40.5 billion, but improved by ¥6.2 billion from the same period of the previous year. - FY2018WorsenedAnnual report
「Free cash flow was negative ¥35.6 billion, compared with negative ¥34.7 billion in the previous fiscal year. Although net income increased in the current fiscal year, free cash flow remained at roughly the same level as the previous fiscal year because of increased capital expenditures and other factors.」
Although profit increased, free cash flow was negative ¥35.6 billion because of increased capital expenditures and other factors, widening the deficit from negative ¥34.7 billion in the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥89.6 billion, an improvement of ¥121.7 billion from the same period of the previous year.」
Free cash flow remained negative at ¥89.6 billion, but improved by ¥121.7 billion year on year. - FY2018-Q2AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥109.1 billion, an improvement of ¥128.6 billion from the same period of the previous year.」
Free cash flow remained negative at ¥109.1 billion, but improved by ¥128.6 billion year on year. - FY2018-Q1AdvancedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥46.7 billion, an improvement of ¥127.7 billion from the same period of the previous year.」
Free cash flow remained negative at ¥46.7 billion, but improved by ¥127.7 billion year on year. - FY2017WorsenedAnnual report
「Free cash flow was negative ¥34.7 billion, a decrease of ¥160.3 billion from the previous fiscal year. The primary factors behind the year-on-year change in free cash flow were a significant reduction in working capital in the previous fiscal year and the acquisition of Husmann in the current fiscal year.」
While the company targeted higher free cash flow through business earnings power and asset efficiency, free cash flow was negative ¥34.7 billion for the full fiscal year. - FY2017-Q3RestatedAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥198.5 billion, a decrease of ¥213.9 billion from the same period of the previous year.」
Free cash flow for the cumulative third quarter was negative ¥198.5 billion, with the negative balance continuing. - FY2017-Q2Free cash flow turned negativeAnnual report
「As a result, free cash flow, defined as the sum of cash flows from operating and investing activities, was negative ¥227.0 billion, a decrease of ¥203.9 billion from the same period of the previous year.」
Free cash flow for the cumulative second quarter was negative ¥227.0 billion, with the acquisition of Husmann identified as a primary factor. - FY2016First statedAnnual report
「The Group believes that strengthening its earnings power and improving free cash flow are important to developing its businesses over the medium to long term. At the same time, it is pursuing the generation of cash through ongoing reductions in working capital and reviews of its asset holdings.」
In addition to operating earnings power, the company identified management of working capital and held assets as means of generating cash.