Free Cash Flow Management Through Disciplined Capital Investment
First written in FY2019. 4 of 8 entries say "Softened", first in FY2025. Latest entry: FY2026.
Yorozu moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Total capital investment for the fiscal year ended was kept to ¥5,612 million, approximately 46% below plan.」
Under disciplined capital investment and free-cash-flow management, reassessed the investment plan and postponed nonurgent investments, keeping capital investment 46% below plan. - 2026-05-15SoftenedEarnings forecast revision
「Decrease in expenditure for the acquisition of property, plant and equipment: ¥3,869 million」
Expenditure for the acquisition of property, plant and equipment decreased by ¥3,869 million from the previous fiscal year, indicating the continued focus on free cash flow through rational capital investment. - FY2026-H1SoftenedAnnual report
「Cash provided by investing activities during the interim consolidated accounting period was ¥242 million, representing a ¥6,273 million decrease in spending from the previous interim consolidated accounting period.」
Investing activities shifted from net spending in the same period of the previous year to a ¥242 million increase in cash, with spending down ¥6,273 million. Investment restraint in line with disciplined capital investment and free-cash-flow management is continuing. - FY2025SoftenedAnnual report
「By reassessing investments in new vehicles following revisions to the launch schedules of major customers' new vehicles and postponing nonessential general investments, we kept total capital investment for the fiscal year ended to ¥9,793 million, approximately 35% below plan, before unrealized gains and losses and intercompany transaction adjustments.」
For free-cash-flow management through disciplined capital investment, reassessed investments in line with customer plans and postponed general investments, reducing investment to approximately 35% below plan. - FY2024AdvancedAnnual report
「The FY2023 capital investment plan was set at ¥20,783 million as the effects of the semiconductor shortage and other factors gradually eased. However, in response to the situation, including production cuts by Japanese automakers in China, we sought to reduce investment by postponing investments in new vehicles and limiting general investment. As a result, total capital investment for the fiscal year ended was ¥12,931 million, approximately double the ¥6,997 million recorded in FY2022.」
Investment was narrowed from the ¥20,783 million plan, resulting in actual investment of ¥12,931 million. The resumption of investment, including construction of a new site, was reflected in the figures. - FY2023AdvancedAnnual report
「The FY2022 investment plan was changed from the original plan of ¥5,984 million to ¥13,477 million, a 125% increase due to the establishment of a new site. However, although the COVID-19 pandemic was gradually settling, the impact of the semiconductor shortage showed no sign of abating. In response to the situation in which automakers were being forced to cut production, we temporarily froze capacity-enhancement investments against the original plan and reduced total investment by narrowing the scope of new investment items through thorough implementation of 3R.」
In addition to managing investments based on project-specific fixed-cost ratio targets, temporarily froze capacity-enhancement investments and narrowed investment targets through 3R. - FY2022AdvancedAnnual report
「As part of the stable earnings initiative under the YSP2023 medium-term management plan, our group verifies and manages investment plans for each project based on target sales-to-fixed-cost ratios. In FY2021, amid production cuts by automakers forced by the resurgence of COVID-19 infections and the semiconductor shortage, we temporarily froze planned capacity-enhancement investments.」
Managed investments based on project-specific target sales-to-fixed-cost ratios and restrained investment in FY2021, including a temporary freeze on capacity-enhancement investments. - FY2019First statedAnnual report
「Taking changes in the business environment into account, we manage the business to generate free cash flow through disciplined capital investment.」
Identified free-cash-flow management through disciplined capital investment that takes the business environment into account as a key initiative.