Strengthening the Financial Position Through ACE and CCC
First written in FY2016. 13 of 31 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
Anritsu moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 7 of 33 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We operate our business with a constant focus on cash flow (CF), regard ROE (Return On Equity) and the equity ratio as KPIs, and will work to maximize corporate value over the medium to long term by improving the efficiency of shareholders' equity while maintaining financial stability.」
In addition to the previous focus on strengthening the financial position through ACE and CCC, ROE and the equity ratio were designated as explicit KPIs. - FY2026-H1Year-on-year decline in free cash flowAnnual report
「Cash and cash equivalents, hereinafter referred to as "funds," stood at ¥54,564 million at the end of the current interim consolidated period, an increase of ¥4,469 million from the end of the previous fiscal year. Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥7,128 million, compared with positive free cash flow of ¥9,251 million in the same period of the previous year.」
Cash and cash equivalents at the end of the period increased by ¥4,469 million from the end of the previous fiscal year, while free cash flow decreased from ¥9,251 million in the same period of the previous year to ¥7,128 million. - FY2025AdvancedAnnual report
「Cash and cash equivalents, hereinafter referred to as "funds," stood at ¥50,094 million at the end of the period, an increase of ¥4,437 million from the end of the previous fiscal year. Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥17,154 million, compared with positive free cash flow of ¥12,929 million in the previous fiscal year.」
Cash and cash equivalents and free cash flow increased, while interest-bearing debt also declined to ¥6,072 million and the D/E ratio to 0.05. - FY2025-H1AdvancedAnnual report
「Cash and cash equivalents, hereinafter referred to as "funds," stood at ¥50,338 million at the end of the current interim consolidated period, an increase of ¥4,681 million from the end of the previous fiscal year. Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥9,251 million, compared with positive free cash flow of ¥6,034 million in the same period of the previous year.」
Cash and cash equivalents increased by ¥4,681 million from the end of the previous fiscal year, while free cash flow increased from ¥6,034 million in the same period of the previous year to ¥9,251 million. - FY2024-Q3AdvancedAnnual report
「Cash and cash equivalents, hereinafter referred to as "funds," stood at ¥39,707 million at the end of the third quarter of the current consolidated cumulative period, an increase of ¥2,873 million from the beginning of the period. Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥7,714 million, compared with positive free cash flow of ¥692 million in the same period of the previous year.」
Cash and cash equivalents increased by ¥2,873 million from the beginning of the period, while free cash flow increased from positive ¥692 million in the same period of the previous year to positive ¥7,714 million. - FY2024-Q2AdvancedAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥6,034 million, compared with positive free cash flow of ¥3,202 million in the same period of the previous year.」
Free cash flow increased from ¥3,202 million in the same period of the previous year to ¥6,034 million, indicating improved cash generation. - FY2024-Q1AdvancedAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥1,212 million, compared with negative free cash flow of ¥1,287 million in the same period of the previous year.」
Free cash flow improved from negative ¥1,287 million in the same period of the previous year to positive ¥1,212 million in the current quarter. - FY2023Sharp decline in free cash flowAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥897 million, compared with positive free cash flow of ¥7,324 million in the previous fiscal year.」
Free cash flow remained positive but declined sharply from ¥7,324 million in the previous fiscal year to ¥897 million. - FY2023-Q3Sharp decline in free cash flowAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥692 million, compared with positive free cash flow of ¥11,604 million in the same period of the previous year.」
Free cash flow remained positive but declined sharply from ¥11,604 million in the same period of the previous year to ¥692 million. - FY2023-Q2Free cash flow returns to positive territoryAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥3,202 million, compared with positive free cash flow of ¥9,319 million in the same period of the previous year.」
Free cash flow returned to positive territory from the deficit recorded in the previous quarter, but declined year on year from ¥9,319 million to ¥3,202 million. - FY2023-Q1Free cash flow turns negativeAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was negative at ¥1,287 million, compared with positive free cash flow of ¥6,550 million in the same period of the previous year.」
Free cash flow shifted from positive ¥6,550 million in the same period of the previous year to negative ¥1,287 million, indicating a change in cash generation, one of the areas measuring progress in strengthening the financial position through ACE, CCC, and other measures. - FY2022Increase in D/E ratio and decline in free cash flowAnnual report
「Interest-bearing debt stood at ¥6,521 million, compared with ¥5,848 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.06, compared with 0.05 at the end of the previous fiscal year. Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥7,324 million, compared with positive free cash flow of ¥15,452 million in the previous fiscal year.」
Interest-bearing debt and the D/E ratio increased from the end of the previous fiscal year, while free cash flow declined from ¥15,452 million to ¥7,324 million. - FY2022-Q3AdvancedAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥11,604 million, compared with positive free cash flow of ¥10,789 million in the same period of the previous year.」
Free cash flow increased from ¥10,789 million in the same period of the previous year to ¥11,604 million, and the Company disclosed its cash-generation performance. - FY2022-Q2Decrease in free cash flowAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥9,319 million, compared with positive free cash flow of ¥10,832 million in the same period of the previous year.」
Free cash flow remained positive, but decreased from ¥10,832 million in the same period of the previous year to ¥9,319 million. - FY2022-Q1AdvancedAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥6,550 million, compared with positive free cash flow of ¥3,779 million in the same period of the previous year.」
Free cash flow in the first quarter was positive at ¥6,550 million, up from ¥3,779 million in the same period of the previous year. - FY2021-Q3AdvancedAnnual report
「Free cash flow, the combined total of cash flow from operating activities and cash flow from investing activities, was positive at ¥10,789 million, compared with positive free cash flow of ¥6,964 million in the same period of the previous year.」
Free cash flow was positive at ¥10,789 million, up from ¥6,964 million in the same period of the previous year. - FY2021-Q1AdvancedAnnual report
「Net cash used in financing activities was ¥10,982 million, compared with ¥1,799 million used in the same period of the previous year. The main factors were the redemption of ¥8,000 million in bonds and dividend payments of ¥2,748 million, compared with ¥1,854 million in the same period of the previous year.」
During the first quarter, the Company redeemed ¥8,000 million in straight bonds, reducing the carrying amount of bonds and borrowings from ¥12,876 million at the end of the previous fiscal year to ¥4,807 million. - FY2020-Q3AdvancedAnnual report
「Interest-bearing debt stood at ¥14,703 million, compared with ¥16,435 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.16, compared with 0.19 at the end of the previous fiscal year. Interest-bearing debt excluding lease obligations stood at ¥12,875 million, compared with ¥16,248 million at the end of the previous fiscal year, and the debt-to-equity ratio excluding lease obligations was 0.14, compared with 0.19. Due to the application of IFRS 16, lease obligations increased from the current consolidated fiscal year. This resulted in an increase in interest-bearing debt, but the repayment of long-term borrowings caused interest-bearing debt and the debt-to-equity ratio to decline from the end of the previous fiscal year.」
Due to the repayment of long-term borrowings, interest-bearing debt decreased from the end of the previous fiscal year, and the D/E ratio declined from 0.19 to 0.16, or from 0.19 to 0.14 excluding lease obligations. - FY2020-Q2AdvancedAnnual report
「Interest-bearing debt stood at ¥14,664 million, compared with ¥16,435 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.17, compared with 0.19 at the end of the previous fiscal year. Interest-bearing debt excluding lease liabilities stood at ¥12,868 million, compared with ¥16,248 million at the end of the previous fiscal year, and the debt-to-equity ratio excluding lease liabilities was 0.15, compared with 0.19. Due to the application of IFRS 16, lease liabilities increased from the current consolidated fiscal year. This resulted in an increase in interest-bearing debt, but the repayment of long-term borrowings caused interest-bearing debt and the debt-to-equity ratio to decline from the end of the previous fiscal year.」
Due to the repayment of long-term borrowings, interest-bearing debt decreased from the end of the previous fiscal year, and the D/E ratio declined from 0.19 to 0.17. Excluding lease liabilities, the balance also decreased, and the D/E ratio was 0.15. - FY2020-Q1Slight increases in interest-bearing debt and the D/E ratioAnnual report
「Interest-bearing debt, excluding lease liabilities, stood at ¥16,539 million, compared with ¥16,248 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.20, compared with 0.19 at the end of the previous fiscal year.」
Interest-bearing debt increased by ¥291 million from the end of the previous fiscal year, and the debt-to-equity ratio also rose from 0.19 to 0.20. - FY2019-Q3Increase in interest-bearing debt, flat D/E ratioAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥16,625 million, compared with ¥15,944 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.20, unchanged from 0.20 at the end of the previous fiscal year.」
Interest-bearing debt increased from ¥15,944 million at the end of the previous fiscal year to ¥16,625 million, while the D/E ratio remained flat at 0.20. - FY2019-Q2Increase in interest-bearing debt and D/E ratioAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥17,099 million, compared with ¥15,944 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.21, compared with 0.20 at the end of the previous fiscal year.」
Due to an increase in short-term borrowings and other factors, interest-bearing debt increased from the end of the previous fiscal year, and the D/E ratio rose from 0.20 to 0.21. - FY2019-Q1Slight increases in interest-bearing debt and the D/E ratioAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥16,460 million, compared with ¥15,944 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.21, compared with 0.20 at the end of the previous fiscal year.」
Due in part to an increase in short-term borrowings, interest-bearing debt rose from ¥15,944 million to ¥16,460 million, and the D/E ratio increased from 0.20 to 0.21. - FY2018AdvancedAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥15,944 million at the end of the consolidated fiscal year. The debt-to-equity ratio was 0.20, compared with 0.29 at the end of the previous consolidated fiscal year, and the net debt-to-equity ratio was -0.25, compared with -0.23 at the end of the previous consolidated fiscal year.」
Due to the redemption of bonds and other factors, interest-bearing debt decreased from ¥22,026 million to ¥15,944 million, and the D/E ratio declined from 0.29 to 0.20. - FY2018-Q3RestatedAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥16,041 million, compared with ¥22,026 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.21, compared with 0.29 at the end of the previous fiscal year.」
Interest-bearing debt and the debt-to-equity ratio were broadly unchanged from the previous quarterly report, and the Company continues to disclose its progress in strengthening its financial position. - FY2018-Q2AdvancedAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥16,037 million, compared with ¥22,026 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.21, compared with 0.29 at the end of the previous fiscal year.」
Due in part to the redemption of ¥6,000 million in straight bonds, interest-bearing debt decreased from ¥22,026 million at the end of the previous fiscal year to ¥16,037 million, and the debt-to-equity ratio declined from 0.29 to 0.21. - FY2018-Q1RestatedAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥22,032 million, compared with ¥22,026 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.29, unchanged from the end of the previous fiscal year.」
Interest-bearing debt increased slightly from the end of the previous fiscal year, but the debt-to-equity ratio remained at 0.29, the same level as at the end of the previous fiscal year. - FY2017D/E ratio 0.29Annual report
「Interest-bearing debt, excluding lease obligations, stood at ¥22,000 million for the fiscal year. The debt-to-equity ratio was 0.29 and the net debt-to-equity ratio was -0.23. Going forward, we will continue working to strengthen our financial position by reducing interest-bearing debt, improving the debt-to-equity ratio, and enhancing shareholders' equity, using as sources of funds the generation of cash flow through improvements in ACE and CCC, as well as greater funding efficiency through the Group's cash management system and other measures.」
The D/E ratio was unchanged at 0.29 from the end of the previous fiscal year, while the net D/E ratio was -0.23, and the policy of strengthening the financial position through ACE, CCC, and cash management is continuing. - FY2017-Q3D/E ratio 0.30Annual report
「Interest-bearing debt, excluding lease obligations, stood at ¥22,041 million, compared with ¥22,024 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.30, compared with 0.29 at the end of the previous fiscal year.」
Interest-bearing debt increased by ¥17 million from the end of the previous fiscal year, and the debt-to-equity ratio rose from 0.29 to 0.30. Meanwhile, free cash flow was positive at ¥3,464 million. - FY2017-Q1Increase in D/E ratioAnnual report
「Interest-bearing debt, excluding lease obligations, stood at ¥22,030 million, compared with ¥22,024 million at the end of the previous fiscal year, and the debt-to-equity ratio was 0.31, compared with 0.29 at the end of the previous fiscal year.」
Interest-bearing debt was broadly unchanged from the end of the previous fiscal year, while the debt-to-equity ratio increased from 0.29 to 0.31. - FY2016First statedAnnual report
「Going forward, we will continue working to strengthen our financial position by reducing interest-bearing debt, improving the debt-to-equity ratio, and enhancing shareholders' equity, using as sources of funds the generation of cash flow through improvements in ACE, namely achieving after-tax operating profit above the cost of invested capital, and improvements in CCC, as well as greater funding efficiency through the Group's cash management system and other measures.」
Aims to reduce debt, improve the debt-to-capital ratio, and enhance shareholders' equity through ACE, CCC, and cash management.