Changes in the Financial Position Driven by Lower Liabilities and Higher Net Assets
First written in FY2019-Q2. 21 of 26 entries say "Reframed", first in FY2020-Q1. Latest entry: FY2026.
Shimadzu moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Total assets increased by ¥65.8 billion to ¥737.978 billion. Net assets increased by ¥67.099 billion to ¥565.166 billion, mainly due to increases of ¥40.901 billion in retained earnings and ¥15.346 billion in the foreign currency translation adjustment account.」
The full-year financial position shifted toward substantially higher total assets and net assets, owing to increases in cash and deposits, assets related to retirement benefits, inventories, trade receivables and other items. - FY2026-H1ReframedAnnual report
「Total assets at the end of the current interim consolidated accounting period increased by ¥323 million from the end of the previous consolidated fiscal year to ¥672.5 billion. This was mainly due to increases of ¥8.816 billion in cash and deposits, ¥8.017 billion in inventories and ¥3.597 billion in investment securities, despite a ¥17.974 billion decrease in notes and accounts receivable and contract assets. Liabilities decreased by ¥15.623 billion to ¥158.487 billion, mainly due to decreases of ¥8.320 billion in notes and accounts payable and ¥4.393 billion in contract liabilities. Net assets increased by ¥15.946 billion to ¥514.013 billion, mainly due to an ¥11.836 billion increase in retained earnings.」
While total assets increased only slightly, liabilities declined, and net assets increased by ¥15.946 billion, mainly due to an increase in retained earnings. - FY2025ReframedAnnual report
「Net assets increased by ¥5,731 million to ¥498,066 million, mainly because retained earnings increased by ¥35,317 million, despite decreases of ¥25,004 million due to the acquisition of treasury shares, ¥3,386 million in foreign currency translation adjustments, and ¥3,045 million in valuation difference on available-for-sale securities.」
Although treasury share acquisitions and foreign currency translation adjustments, among other items, decreased, net assets for the full year increased due to higher retained earnings. - FY2025-H1ReframedAnnual report
「Total assets decreased by ¥23,614 million to ¥650,347 million. Liabilities decreased by ¥21,811 million to ¥159,815 million. Net assets decreased by ¥1,803 million to ¥490,532 million, despite a ¥10,501 million increase in retained earnings, due to decreases in the foreign currency translation adjustment and other items, as well as the acquisition of treasury shares.」
Total assets and liabilities declined from the previous fiscal year-end due mainly to decreases in trade receivables, cash and deposits, and other items. Net assets also declined, as decreases in foreign currency translation adjustments and other items, together with the acquisition of treasury shares, exceeded the increase in retained earnings. - FY2024ReframedAnnual report
「At the end of the current consolidated fiscal year, total assets increased by ¥55,092 million from the end of the previous consolidated fiscal year to ¥673,962 million, mainly due to increases of ¥13,677 million in inventories, ¥13,565 million in notes and accounts receivable and contract assets, ¥13,043 million in investments and other assets, and ¥6,438 million in cash and deposits. Net assets increased by ¥68,836 million to ¥492,335 million, mainly due to a ¥40,333 million increase in retained earnings.」
For the full year, total assets and net assets increased substantially, driven by increases in inventories, trade receivables, investments and other assets, and cash and deposits. - FY2024-Q3ReframedAnnual report
「At the end of the cumulative third quarter of the current fiscal year, total assets increased by ¥3.205 billion from the end of the previous consolidated fiscal year to ¥622.074 billion, despite a ¥15.395 billion decline in cash and deposits, due mainly to a ¥19.491 billion increase in inventories. Liabilities declined by ¥27.722 billion to ¥167.647 billion, due mainly to decreases of ¥14.458 billion in notes and accounts payable, ¥7.052 billion in accrued corporate taxes and ¥7.026 billion in provision for bonuses. Net assets increased by ¥30.927 billion to ¥454.427 billion, due mainly to a ¥22.351 billion increase in retained earnings.」
At the end of the third quarter, total assets increased due to growth in inventories, while liabilities declined substantially due to decreases in accounts payable, accrued corporate taxes and bonuses payable, and net assets increased due to growth in retained earnings. - FY2024-Q2ReframedAnnual report
「At the end of the second quarter of the fiscal year, total assets increased by ¥16.220 billion from the end of the previous fiscal year to ¥635.089 billion. Notes and accounts receivable and contract assets decreased by ¥7.888 billion, but inventories increased by ¥15.990 billion and property, plant and equipment increased by ¥4.018 billion, among other factors. Liabilities decreased by ¥13.764 billion to ¥181.605 billion, mainly because notes and accounts payable decreased by ¥12.189 billion and accrued income taxes decreased by ¥2.818 billion. Net assets increased by ¥29.984 billion to ¥453.483 billion, mainly because retained earnings increased by ¥16.921 billion and the foreign currency translation adjustment increased by ¥12.667 billion.」
At the end of the second quarter, total assets increased due to higher inventories and property, plant and equipment, while liabilities declined due to lower accounts payable and other items, and net assets increased substantially due to higher retained earnings and foreign currency translation adjustments. - FY2024-Q1ReframedAnnual report
「At the end of the first quarter, total assets decreased by ¥8,762 million from the end of the previous fiscal year to ¥610,106 million. This was mainly because notes and accounts receivable and contract assets decreased by ¥18,853 million and cash and deposits decreased by ¥9,380 million, despite a ¥14,917 million increase in inventories. Liabilities decreased by ¥20,157 million to ¥175,212 million, mainly because notes and accounts payable decreased by ¥11,643 million and the provision for bonuses decreased by ¥7,818 million, despite a ¥1,710 million increase in contract liabilities. Net assets increased by ¥11,394 million to ¥434,894 million, mainly because foreign currency translation adjustments increased by ¥9,313 million.」
At the end of the first quarter, total assets decreased, as did liabilities, due to declines in notes and accounts receivable, contract assets, and cash and deposits, while net assets increased due to higher foreign currency translation adjustments. - FY2023ReframedAnnual report
「At the end of the consolidated fiscal year under review, total assets increased by ¥58.341 billion to ¥618.869 billion, mainly because inventories increased by ¥21.447 billion, notes and accounts receivable and contract assets increased by ¥9.311 billion, and property, plant and equipment increased by ¥8.562 billion, among other factors. Net assets increased by ¥42.335 billion to ¥423.499 billion, mainly because retained earnings increased by ¥37.307 billion, among other factors.」
Total assets increased due to increases in inventories, trade receivables, and property, plant and equipment, while net assets also increased substantially due to an increase in retained earnings. - FY2023-Q3ReframedAnnual report
「At the end of the third quarter, total assets increased by ¥31,075 million from the end of the previous fiscal year to ¥591,603 million, mainly because inventories and property, plant and equipment increased by ¥24,475 million and ¥7,908 million, respectively. Liabilities increased by ¥7,168 million to ¥186,531 million, mainly because contract liabilities increased by ¥11,128 million, despite a ¥5,601 million decrease in the provision for bonuses. Net assets increased by ¥23,907 million to ¥405,071 million, mainly because retained earnings increased by ¥21,181 million.」
At the end of the third quarter, total assets increased due to higher inventories and property, plant and equipment, while liabilities also increased due to higher contract liabilities and other factors, and net assets increased due to higher retained earnings. - FY2023-Q2ReframedAnnual report
「At the end of the second quarter consolidated accounting period, total assets increased by ¥35,706 million from the end of the previous consolidated fiscal year to ¥596,234 million, mainly because inventories increased by ¥20,551 million and property, plant and equipment increased by ¥8,808 million. Liabilities increased by ¥6,804 million to ¥186,167 million, despite a ¥3,877 million decrease in notes and accounts payable, mainly because contract liabilities increased by ¥9,973 million. Net assets increased by ¥28,902 million to ¥410,066 million, mainly because retained earnings increased by ¥16,245 million and the foreign currency translation adjustment increased by ¥10,933 million.」
Total assets increased due to increases in inventories and property, plant and equipment. Liabilities also increased, mainly due to contract liabilities and other items, while net assets increased significantly due to increases in retained earnings and the foreign currency translation adjustment account. - FY2023-Q1ReframedAnnual report
「At the end of the first quarter consolidated accounting period, total assets increased by ¥4,427 million from the end of the previous consolidated fiscal year to ¥564,955 million. Liabilities decreased by ¥3,862 million to ¥175,501 million. Net assets increased by ¥8,289 million to ¥389,454 million, mainly due to an ¥8,393 million increase in the foreign currency translation adjustment.」
At the end of the quarter, total assets and net assets increased while liabilities declined. The increase in net assets was attributed mainly to an increase in the foreign currency translation adjustment account. - FY2022ReframedAnnual report
「At the end of the consolidated fiscal year, total assets increased by ¥63,068 million from the end of the previous fiscal year to ¥560,528 million, mainly because cash and deposits increased by ¥45,206 million. Net assets increased by ¥45,659 million to ¥381,164 million, mainly because retained earnings increased by ¥35,791 million.」
For the full year, total assets and net assets increased substantially, driven by an increase in cash and deposits. - FY2022-Q3ReframedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets had increased by ¥22.894 billion from the end of the previous consolidated fiscal year to ¥520.353 billion. This was mainly due to increases of ¥26.757 billion in cash and deposits and ¥9.274 billion in inventories, despite a ¥13.274 billion decrease in notes and accounts receivable and contract assets. Liabilities decreased by ¥3.726 billion to ¥158.227 billion, mainly because provisions for bonuses declined by ¥6.002 billion, despite increases of ¥1.927 billion in liabilities related to retirement benefits and ¥1.843 billion in contract liabilities. Net assets increased by ¥26.620 billion to ¥362.125 billion, mainly due to a ¥22.380 billion increase in retained earnings.」
Total assets increased due to higher cash and inventories, liabilities declined due mainly to a decrease in the provision for bonuses, and net assets increased due to higher retained earnings. The factors driving the changes and the composition of the increase have been updated from the previous quarter. - FY2022-Q2ReframedAnnual report
「At the end of the second quarter of the fiscal year, total assets increased by ¥7.614 billion from the end of the previous fiscal year to ¥505.073 billion. Notes and accounts receivable and contract assets decreased by ¥13.936 billion, but cash and deposits increased by ¥20.248 billion, among other factors. Liabilities decreased by ¥9.219 billion to ¥152.735 billion, mainly because notes and accounts payable decreased by ¥6.331 billion and other payables decreased by ¥1.095 billion. Net assets increased by ¥16.833 billion to ¥352.338 billion, mainly because retained earnings increased by ¥14.884 billion.」
Total assets increased, mainly due to higher cash and deposits; liabilities declined; and net assets increased, mainly due to higher retained earnings. - FY2022-Q1ReframedAnnual report
「At the end of the current first-quarter consolidated accounting period, total assets decreased by ¥8.868 billion from the end of the previous consolidated fiscal year to ¥488.59 billion. Cash and deposits increased by ¥4.815 billion and inventories by ¥4.354 billion, but notes and accounts receivable and contract assets decreased by ¥17.309 billion, among other factors. Liabilities decreased by ¥13.547 billion to ¥148.406 billion, mainly because provision for bonuses decreased by ¥6.574 billion and accrued corporate taxes and other taxes decreased by ¥4.941 billion. Net assets increased by ¥4.678 billion to ¥340.183 billion, mainly because retained earnings increased by ¥3.124 billion.」
Since the end of the previous fiscal year, total assets and liabilities have decreased, mainly due to reductions in notes and accounts receivable and contract assets, while net assets have increased due to higher retained earnings. - FY2021ReframedAnnual report
「Total assets increased by ¥5.9841 billion to ¥497.459 billion. Net assets increased by ¥3.2729 billion to ¥335.504 billion, mainly due to a ¥1.7711 billion increase in retained earnings.」
The description has been updated from quarterly fluctuations through the previous fiscal year to a financial position showing substantial full-year increases in both total assets and net assets. - FY2021-Q3RestatedAnnual report
「Liabilities increased by ¥12,303 million to ¥147,145 million. Although notes and accounts payable decreased by ¥5,900 million, other current liabilities increased by ¥22,836 million, mainly due to an increase in advances received. Net assets increased by ¥8,837 million to ¥311,613 million, mainly because retained earnings increased by only ¥5,225 million due to the impact of applying the revenue recognition accounting standard and other factors.」
Changes in the financial position have continued, including an increase in liabilities due to advances received and other factors, and an increase in net assets due to higher retained earnings and other factors. - FY2021-Q2ReframedAnnual report
「Liabilities increased by ¥5.946 billion to ¥140.789 billion, mainly because other current liabilities increased by ¥20.165 billion due to higher advances received, despite a ¥11.378 billion decline in notes and accounts payable. Net assets increased by ¥2.607 billion to ¥305.382 billion, mainly because the valuation difference on other securities increased by ¥2.269 billion, despite a ¥46 million decline in retained earnings due in part to the application of the Accounting Standard for Revenue Recognition and related standards.」
The position changed from the previous quarter, when liabilities increased and net assets decreased. As of the end of the second quarter, liabilities increased, while net assets also increased due to valuation difference adjustments and other factors. - FY2021-Q1ReframedAnnual report
「Liabilities increased by ¥20,335 million to ¥155,178 million, mainly because other current liabilities increased by ¥22,631 million due to an increase in advances received. Net assets decreased by ¥8,503 million to ¥294,272 million, mainly because retained earnings at the beginning of the fiscal year decreased by ¥9,506 million as a result of applying the revenue recognition accounting standard and other standards.」
The description shifted from declining liabilities and increasing net assets through the previous fiscal year to a structure showing higher liabilities due to advances received and other items, together with decreases in retained earnings and net assets associated with the application of the Revenue Recognition Accounting Standard. - FY2020RestatedAnnual report
「Net assets increased by ¥14.833 billion to ¥302.775 billion, mainly because retained earnings increased by ¥22.453 billion, among other factors.」
The change in financial position confirms that net assets increased for the full fiscal year, mainly due to an increase in retained earnings. - FY2020-Q3RestatedAnnual report
「Liabilities decreased by ¥25,073 million to ¥124,176 million, mainly because bonds decreased by ¥15,000 million and notes and accounts payable by ¥6,649 million. Net assets increased by ¥10,868 million to ¥298,810 million, mainly because retained earnings increased by ¥12,082 million.」
The change in financial position, with liabilities declining while net assets increased due in part to higher retained earnings, has continued. - FY2020-Q2ReframedAnnual report
「Liabilities decreased by ¥26,661 million to ¥122,587 million, mainly due to decreases of ¥15,000 million in bonds and ¥10,870 million in notes and accounts payable. Net assets increased by ¥3,985 million to ¥291,927 million, mainly due to an ¥8,368 million increase in retained earnings.」
Although debt continues to decline, the trend has changed from the decrease in net assets seen in the previous quarter, with net assets increasing due to growth in retained earnings. - FY2020-Q1ReframedAnnual report
「Liabilities decreased by ¥27.279 billion to ¥121.969 billion, mainly because bonds decreased by ¥15 billion and notes and accounts payable decreased by ¥6.417 billion. Net assets decreased by ¥4.739 billion to ¥283.201 billion, mainly because retained earnings decreased by ¥1.467 billion.」
Although liabilities continued to decline, the trend changed from increases in retained earnings and net assets through the previous quarter, with both retained earnings and net assets also declining in the first quarter. - FY2019-Q3RestatedAnnual report
「Liabilities decreased by ¥16.862 billion to ¥133.625 billion, mainly because notes and accounts payable decreased by ¥7.478 billion and income taxes payable decreased by ¥6.147 billion. Net assets increased by ¥8.04 billion to ¥276.1 billion, mainly because retained earnings increased by ¥11.719 billion.」
As of the end of the third quarter, the financial position continued to change, with liabilities declining while net assets increased due to growth in retained earnings and other factors. - FY2019-Q2First statedAnnual report
「Liabilities decreased by ¥11,394 million to ¥139,093 million, mainly because notes and accounts payable decreased by ¥7,789 million and income taxes payable decreased by ¥3,863 million. Net assets increased by ¥9,823 million to ¥277,883 million, mainly because retained earnings increased by ¥8,988 million.」
The decrease in liabilities and increase in net assets, driven in part by higher retained earnings, were first identified as a standalone financial-position theme at the end of the second quarter.