Working-capital burden from new businesses and large projects
First written in FY2017. 15 of 33 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt comprised ¥90.606 billion maturing within 1 year and ¥425.128 billion maturing after more than 1 year, for a total of ¥515.734 billion.」
Interest-bearing debt decreased from ¥651.387 billion at the end of the previous fiscal year to ¥515.734 billion. The company stated that it secured cash flow through such measures as obtaining contract liabilities as orders expanded, and proceeded with the repayment of borrowings. - FY2026-H1MitigatedAnnual report
「At the end of the interim consolidated fiscal period, interest-bearing debt comprised ¥114.033 billion maturing within 1 year and ¥493.671 billion maturing after more than 1 year, for a total of ¥607.704 billion.」
Interest-bearing debt decreased from ¥728.983 billion at the end of the previous fiscal year to ¥607.704 billion. This was attributed to repaying borrowings while controlling working capital; interest-bearing debt related to Mitsubishi Logisnext was excluded. - FY2025MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt comprised ¥134.263 billion maturing within 1 year and ¥517.123 billion maturing after more than 1 year, for a total of ¥651.387 billion.」
Interest-bearing debt decreased from ¥728.983 billion at the end of the previous fiscal year to ¥651.387 billion. The funding burden declined as operating cash flow increased and borrowings were repaid. - FY2025-H1WorsenedAnnual report
「Although the group has continuously worked to generate funds and repaid borrowings as they fell due, spending in the contract-based business was increasing as construction progressed on projects for which advance payments had been received in previous fiscal years. Accordingly, at the end of the interim consolidated fiscal period, interest-bearing debt comprised ¥381.750 billion maturing within 1 year and ¥567.107 billion maturing after more than 1 year, for a total of ¥948.857 billion.」
Against the backdrop of increased spending associated with progress on construction projects in the contract-based business, interest-bearing debt reached ¥948.857 billion. It increased from ¥728.983 billion at the end of the previous fiscal year, indicating a greater funding burden. - FY2024MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt comprised ¥178.560 billion maturing within 1 year and ¥550.423 billion maturing after more than 1 year, for a total of ¥728.983 billion.」
The company continued to control working capital and repay borrowings, reducing interest-bearing debt from ¥742.422 billion at the end of the previous fiscal year to ¥728.983 billion. This was also below the ¥900 billion target maintained under the 2021 Business Plan. - FY2024-Q3WorsenedAnnual report
「At the end of the third quarter, interest-bearing debt comprised ¥583.691 billion maturing within 1 year and ¥597.743 billion maturing after more than 1 year, for a total of ¥1,181.434 billion.」
The policy of controlling working capital and repaying borrowings remains in place, but interest-bearing debt increased from ¥900.295 billion at the end of the second quarter to ¥1,181.434 billion. Increased spending associated with progress on construction projects in the contract-based business was cited as the backdrop. - FY2024-Q2WorsenedAnnual report
「At the end of the second quarter, interest-bearing debt comprised ¥298.901 billion maturing within 1 year and ¥601.393 billion maturing after more than 1 year, for a total of ¥900.295 billion.」
The policy of controlling working capital and repaying borrowings remains in place, but interest-bearing debt increased from ¥890.767 billion at the end of the first quarter to ¥900.295 billion. - FY2024-Q1WorsenedAnnual report
「At the end of the first quarter, interest-bearing liabilities comprised ¥283.374 billion with maturities of 1 year or less and ¥607.392 billion with maturities of more than 1 year, for a total of ¥890.767 billion.」
Although the policy of controlling working capital and repaying borrowings continues, interest-bearing liabilities increased from ¥742.422 billion at the end of the previous fiscal year to ¥890.767 billion. - FY2023Maintain interest-bearing liabilities at ¥742.4 billionAnnual report
「The Group has continued efforts to generate funds and, while controlling working capital during business expansion, has repaid borrowings as they came due. As a result, at the end of the fiscal year, interest-bearing liabilities comprised ¥139.530 billion with maturities of 1 year or less and ¥602.891 billion with maturities of more than 1 year, for a total of ¥742.422 billion.」
As a result of controlling working capital and repaying borrowings, interest-bearing liabilities totaled ¥742.422 billion, slightly above ¥734.933 billion at the end of the previous fiscal year but below the ¥900 billion target. - FY2023-Q3WorsenedAnnual report
「At the end of the third quarter, interest-bearing liabilities comprised ¥388.363 billion with maturities of 1 year or less and ¥608.983 billion with maturities of more than 1 year, for a total of ¥997.346 billion.」
Interest-bearing liabilities increased from ¥734.933 billion at the end of fiscal 2021 to ¥997.346 billion. Although the Group stated that it had controlled working capital and proceeded with repayment of borrowings during business expansion, the funding burden increased at the end of the third quarter. - FY2023-Q2MitigatedAnnual report
「The Group has continued efforts to generate funds and, while controlling working capital during business expansion, has repaid borrowings as they came due. As a result, at the end of the second quarter, interest-bearing liabilities comprised ¥253.527 billion with maturities of 1 year or less and ¥620.529 billion with maturities of more than 1 year, for a total of ¥874.057 billion.」
Interest-bearing liabilities decreased from ¥1.129896 trillion at the end of the previous first quarter to ¥874.057 billion. The report indicated a lower funding burden due to control of working capital and repayment of borrowings, although the amount remained above ¥734.933 billion at the end of the previous fiscal year. - FY2023-Q1WorsenedAnnual report
「Although the Group has continued efforts to generate funds, working-capital needs were increasing as market conditions recovered from the impact of COVID-19. As a result, at the end of the first quarter, interest-bearing liabilities comprised ¥402.103 billion with maturities of 1 year or less and ¥567.377 billion with maturities of more than 1 year, for a total of ¥969.480 billion.」
The report indicated that working-capital needs were increasing as market conditions recovered, and interest-bearing liabilities increased from ¥734.933 billion at the end of fiscal 2021 to ¥969.480 billion. - FY2022MitigatedAnnual report
「At the end of the fiscal year, interest-bearing liabilities comprised ¥167.574 billion with maturities of 1 year or less and ¥567.359 billion with maturities of more than 1 year, for a total of ¥734.933 billion.」
Interest-bearing liabilities decreased from ¥905.623 billion at the end of the previous fiscal year to ¥734.933 billion due to the recovery of operating cash flow, asset sales, control of working capital and repayment of borrowings. - FY2022-Q3WorsenedAnnual report
「At the end of the third quarter, interest-bearing liabilities comprised ¥544.290 billion with maturities of 1 year or less and ¥626.926 billion with maturities of more than 1 year, for a total of ¥1.171217 trillion.」
Despite continued asset reductions and repayment of borrowings, interest-bearing liabilities increased from ¥1.071343 trillion at the end of the previous quarter to ¥1.171217 trillion. Funding needs continued due to increased spending in the made-to-order products business and elevated trade receivables, inventories and other items in the commercial aircraft business. - FY2022-Q2MitigatedAnnual report
「At the end of the second quarter, interest-bearing liabilities comprised ¥446.232 billion with maturities of 1 year or less and ¥625.110 billion with maturities of more than 1 year, for a total of ¥1.071343 trillion.」
Interest-bearing liabilities decreased from ¥1.129896 trillion at the end of the previous quarter to ¥1.071343 trillion. However, funding needs continued due to increased spending in the made-to-order products business and elevated trade receivables and inventories in the commercial aircraft business. - FY2022-Q1WorsenedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the Group has continued to reduce assets and repay borrowings as they came due, spending in the made-to-order products business has been increasing as projects for which advance payments were received in prior years progress, while trade receivables, inventories and other items in the commercial aircraft business have remained elevated due to the spread of COVID-19. As a result, at the end of the first quarter, interest-bearing liabilities comprised ¥546.779 billion with maturities of 1 year or less and ¥583.116 billion with maturities of more than 1 year, for a total of ¥1.129896 trillion.」
Despite continued asset reductions and repayment of borrowings, interest-bearing liabilities increased to ¥1.129896 trillion due to increased spending in the made-to-order products business and elevated trade receivables and inventories in the commercial aircraft business. - FY2021WorsenedAnnual report
「At the end of the fiscal year, interest-bearing liabilities comprised ¥322.794 billion with maturities of 1 year or less and ¥582.828 billion with maturities of more than 1 year, for a total of ¥905.623 billion.」
Although the policy of reducing assets and repaying borrowings continues, interest-bearing liabilities increased from ¥598.298 billion at the end of the previous fiscal year to ¥905.623 billion due to increased spending in the made-to-order products business and higher trade receivables and inventories in the commercial aircraft business. - FY2021-Q3WorsenedAnnual report
「At the end of the third quarter, interest-bearing liabilities comprised ¥828.987 billion with maturities of 1 year or less and ¥392.862 billion with maturities of more than 1 year, for a total of ¥1.221850 trillion.」
Interest-bearing liabilities increased from ¥598.298 billion at the end of the previous fiscal year and ¥1.037529 trillion at the end of the previous second quarter to ¥1.221850 trillion. Increased spending in the made-to-order products business and higher trade receivables and inventories in the commercial aircraft business were identified as factors. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter, interest-bearing liabilities comprised ¥699.835 billion with maturities of 1 year or less and ¥337.693 billion with maturities of more than 1 year, for a total of ¥1.037529 trillion.」
Interest-bearing liabilities totaled ¥1.037529 trillion, increasing from ¥598.298 billion at the end of the previous fiscal year and ¥887.720 billion at the end of the previous first quarter. Increased spending in the made-to-order products business and higher trade receivables and inventories in the commercial aircraft business were identified as factors. - FY2021-Q1WorsenedAnnual report
「At the end of the first quarter, interest-bearing liabilities comprised ¥499.327 billion with maturities of 1 year or less and ¥388.392 billion with maturities of more than 1 year, for a total of ¥887.720 billion.」
Interest-bearing liabilities increased from ¥598.298 billion at the end of the fiscal year to ¥887.720 billion. Although the policy of reducing assets and repaying borrowings continues, the funding burden at the quarter-end increased. - FY2020MitigatedAnnual report
「At the end of the fiscal year, interest-bearing liabilities comprised ¥217.780 billion with maturities of 1 year or less and ¥380.517 billion with maturities of more than 1 year, for a total of ¥598.298 billion.」
While funding needs from long-term projects and large facilities continued, interest-bearing liabilities totaled ¥598.298 billion through asset reductions and repayment of borrowings, described as the lowest level on record. - FY2020-Q3WorsenedAnnual report
「At the end of the third quarter, interest-bearing liabilities comprised ¥671.936 billion with maturities of 1 year or less and ¥342.141 billion with maturities of more than 1 year, for a total of ¥1.014077 trillion.」
Although the policy of reducing assets and repaying borrowings continues, interest-bearing liabilities increased from ¥665.114 billion at the end of the previous fiscal year to ¥1.014077 trillion. - FY2020-Q2WorsenedAnnual report
「At the end of the second quarter, interest-bearing liabilities comprised ¥513.288 billion with maturities of 1 year or less and ¥369.158 billion with maturities of more than 1 year, for a total of ¥882.447 billion.」
Amid continued funding needs associated with long-term projects and large facilities, interest-bearing liabilities increased from ¥665.114 billion at the end of the previous fiscal year to ¥882.447 billion. - FY2020-Q1WorsenedAnnual report
「At the end of the first quarter, interest-bearing liabilities comprised ¥474.529 billion with maturities of 1 year or less and ¥381.118 billion with maturities of more than 1 year, for a total of ¥855.648 billion.」
Amid continued stable demand for working capital and capital investment funds associated with long-term projects and large facilities, interest-bearing liabilities increased from ¥665.114 billion at the end of the fiscal year to ¥855.648 billion. - FY2019MitigatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due. As a result, at the end of the fiscal year, interest-bearing liabilities comprised ¥280.553 billion with maturities of 1 year or less and ¥384.561 billion with maturities of more than 1 year, for a total of ¥665.114 billion.」
Funding needs from long-term projects and large facilities continued, but interest-bearing liabilities declined to ¥665.114 billion through asset reductions and repayment of borrowings. - FY2019-Q3RestatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due. As a result, at the end of the third quarter, interest-bearing liabilities comprised ¥591.629 billion with maturities of 1 year or less and ¥405.644 billion with maturities of more than 1 year, for a total of ¥997.273 billion.」
The report reiterates the trend of increasing funding needs due to long-term projects, large facilities and business expansion, together with the response of reducing assets and repaying borrowings. Interest-bearing liabilities were disclosed at a total of ¥997.273 billion. - FY2019-Q2RestatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due.」
The report reiterates the trend of increasing demand for working capital and capital investment funds due to long-term projects, large facilities and business expansion, together with the response of reducing assets and repaying borrowings. - FY2019-Q1RestatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due.」
The report reiterates the increase in funding needs due to long-term projects, large facilities and business expansion, together with the response of reducing assets and repaying borrowings. - FY2018-Q2RestatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due.」
The report reiterates the trend of increasing demand for working capital and capital investment funds due to long-term projects, large facilities and business expansion, together with the response of reducing assets and repaying borrowings. - FY2018-Q1RestatedAnnual report
「Because the Group has many construction projects with relatively long construction periods and owns many large production facilities and machines, it needs to secure a stable level of working capital and funds for capital investment. Although the funds required have tended to increase as the business has expanded in recent years, the Group has continued efforts to reduce assets and has repaid borrowings as they came due.」
The report reiterates the trend of increasing demand for working capital and capital investment funds due to long-term projects, large facilities and business expansion, as well as the response of reducing assets and repaying borrowings. - FY2017First statedAnnual report
「This was due to increased development investment in new businesses and lower operating profit in some core businesses, as well as an increased working-capital burden associated with preparations to launch production for new businesses and progress on large projects already awarded.」
The report discloses the factors behind the significant year-on-year decrease in operating cash flow, namely the development and production ramp-up of new businesses and progress on large projects.