Improving financial and group management efficiency through business portfolio selection and concentration
First written in FY2017. 17 of 28 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-08-12.
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- 2026-08-12WorsenedEarnings
「主な要因は、短期借入金が７億21百万円、支払手形及び買掛金が６億85百万円、繰延税金負債が４億40百万円増加したことによります。」
第１四半期末の負債は前期末比で増加し、短期借入金も増加したため、前期通期に示された有利子負債の圧縮方向から一時的に反対の動きとなった。 - FY2026Interest-bearing debt decreasedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥1,297.5 million at the end of the current consolidated fiscal year.」
Interest-bearing debt decreased from ¥1,488.2 million at the end of the previous fiscal year to ¥1,297.5 million. The decrease in short-term borrowings exceeded the increase in long-term borrowings, indicating a reduction in financial leverage. - FY2026-H1MitigatedAnnual report
「Liabilities were ¥2,836.9 million, down ¥138.1 million from the end of the previous consolidated fiscal year. The main factors were decreases in accrued income taxes and long-term borrowings due to repayments.」
Unlike the increase in borrowings seen through the previous interim period, liabilities decreased through the repayment of long-term borrowings, indicating a shift toward reducing interest-bearing debt. - FY2025-H1WorsenedAnnual report
「Liabilities totaled ¥32,350 million, up ¥564 million from the end of the previous consolidated fiscal year. The main factor was an increase in short-term borrowings.」
Although the full previous fiscal year showed a net decrease in short-term borrowings and a shift toward reducing liabilities through repayment of long-term borrowings, liabilities increased from the end of the previous fiscal year during the current interim period due to an increase in short-term borrowings. - FY2024Shift toward reduction through repayment of borrowings and a net decrease in short-term borrowingsAnnual report
「The main components of cash outflows were a net decrease of ¥1,027 million in short-term borrowings, ¥1,146 million for repayment of long-term borrowings and ¥731 million in dividend payments.」
Interest-bearing debt decreased from ¥15,768 million in the previous fiscal year to ¥14,882 million due to the net decrease in short-term borrowings and repayment of long-term borrowings. - FY2024-Q3Interest-bearing debt decreased through repayment of long-term borrowingsAnnual report
「Short-term borrowings 8,754,238 8,850,116 Current maturities of long-term borrowings 1,131,204 1,055,760 Long-term borrowings 3,295,646 2,745,383」
While short-term borrowings increased from the end of the previous consolidated fiscal year, current maturities of long-term borrowings and long-term borrowings decreased, reducing total borrowings by approximately ¥530 million from approximately ¥13,181 million to approximately ¥12,651 million. - FY2024-Q2MitigatedAnnual report
「This was mainly due to cash outflows of ¥510 million, net, for repayment of long-term borrowings, a net decrease of ¥408 million in short-term borrowings, and dividend payments of ¥384 million as factors reducing cash.」
While total liabilities increased from the end of the previous fiscal year due to increases in accounts payable and income taxes payable, repayment of long-term borrowings and the net decrease in short-term borrowings indicated a shift toward reducing interest-bearing debt. - FY2024-Q1WorsenedAnnual report
「Liabilities totaled ¥30,616 million, up ¥1,063 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥599 million in short-term borrowings and ¥200 million in accrued bonuses.」
As in the previous full fiscal year, liabilities increased from the end of the previous fiscal year due to higher short-term borrowings, and financial changes continued to move in the opposite direction to the policy of reducing interest-bearing debt. - FY2023Interest-bearing debt increased due to higher short-term borrowingsAnnual report
「Liabilities increased by ¥3,085 million from the end of the previous consolidated fiscal year to ¥29,553 million. This was mainly due to increases of ¥2,297 million in short-term borrowings and ¥1,921 million in lease obligations under fixed liabilities, partly offset by an ¥865 million decrease in long-term borrowings.」
In contrast to the reduction resulting from long-term borrowing repayments in the previous full fiscal year, liabilities and interest-bearing debt increased due to higher short-term borrowings and lease obligations. - FY2023-Q3WorsenedAnnual report
「Liabilities totaled ¥29,011 million, up ¥2,543 million from the end of the previous consolidated fiscal year. The main factor was an increase in short-term borrowings resulting from borrowing.」
While the Group maintained its policy of reducing interest-bearing debt, liabilities increased by ¥2,543 million from the end of the previous fiscal year due to higher short-term borrowings, and financial changes continued to move in the opposite direction to the policy. - FY2023-Q2Higher short-term borrowings accompanied by lower operating cash flowAnnual report
「Liabilities totaled ¥27,450 million, up ¥982 million from the end of the previous consolidated fiscal year. The main factor was a ¥1,266 million increase in short-term borrowings. Cash provided by operating activities was ¥642 million, compared with ¥1,086 million in the same quarter of the previous year.」
Liabilities increased by ¥982 million from the end of the previous fiscal year due to higher short-term borrowings, a change in the opposite direction to the policy of reducing interest-bearing debt. Operating cash flow also declined from the same period of the previous year, with the ¥1,434 million increase in inventories contributing to the decrease in cash. Meanwhile, long-term borrowing repayments continued. - FY2023-Q1WorsenedAnnual report
「Liabilities totaled ¥26,641 million, up ¥173 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥608 million in short-term borrowings and ¥169 million in notes and accounts payable-trade, partly offset by a ¥630 million decrease in income taxes payable.」
While interest-bearing debt reduction progressed through repayment of long-term borrowings in the previous full fiscal year, short-term borrowings increased by ¥608 million in the current quarter, resulting in higher liabilities from the end of the previous fiscal year. - FY2022Interest-bearing debt reduction progressed through repayment of long-term borrowingsAnnual report
「The main components of cash outflows were ¥975 million, net, for repayment of long-term borrowings and ¥422 million in dividend payments.」
Although borrowings had continued to increase through the previous fiscal year, long-term borrowing repayments progressed in the current fiscal year, reducing interest-bearing debt from ¥13,045 million to ¥12,413 million. - FY2022-Q3WorsenedAnnual report
「Liabilities totaled ¥28,694 million, up ¥3,531 million from the end of the previous consolidated fiscal year. The main factors were increases in notes and accounts payable-trade due to purchases of materials and other items, short-term borrowings resulting from borrowing, and deferred tax liabilities resulting from the fair-value measurement of investment securities.」
Despite the policy of reducing interest-bearing debt set out in the previous fiscal year, liabilities increased by ¥3,531 million from the end of that fiscal year, mainly due to higher short-term borrowings. - FY2022-Q2WorsenedAnnual report
「Liabilities totaled ¥27,075 million, up ¥1,911 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥964 million in notes and accounts payable-trade, ¥433 million in short-term borrowings and ¥382 million in income taxes payable.」
Liabilities increased by ¥1,911 million from the end of the previous fiscal year, while short-term borrowings also increased by ¥433 million. Although financial changes continued to move in the opposite direction to the policy of reducing interest-bearing debt, long-term borrowings were also repaid. - FY2022-Q1Liabilities increased due to higher short-term borrowingsAnnual report
「Liabilities totaled ¥26,789 million, up ¥1,625 million from the end of the previous consolidated fiscal year. The main factors were increases in notes and accounts payable-trade, accrued bonuses and short-term borrowings.」
While the Group had advocated reducing interest-bearing debt, liabilities, including short-term borrowings, increased by ¥1,625 million from the end of the previous fiscal year in the first quarter. - FY2021-Q3Liabilities increased further due to higher short-term borrowingsAnnual report
「Liabilities totaled ¥24,391 million, up ¥2,015 million from the end of the previous consolidated fiscal year. The main factors were an increase in short-term borrowings resulting from borrowing and an increase in deferred tax liabilities resulting from the fair-value measurement of investment securities.」
The increase in liabilities from the end of the previous fiscal year widened from ¥813 million in the second quarter to ¥2,015 million, as short-term borrowings continued to rise. This was a change in the opposite direction to the policy of reducing interest-bearing debt. - FY2021-Q2WorsenedAnnual report
「Liabilities totaled ¥23,189 million, up ¥813 million from the end of the previous consolidated fiscal year. The main factor was an ¥897 million increase in short-term borrowings.」
Contrary to the interest-bearing debt reduction pursued in the previous fiscal year, liabilities increased by ¥813 million from the end of that fiscal year due to higher short-term borrowings. - FY2021-Q1Liabilities increased due to increases in short-term and long-term borrowingsAnnual report
「Liabilities totaled ¥23,528 million, up ¥1,151 million from the end of the previous consolidated fiscal year. The main factor was an increase in short-term and long-term borrowings.」
Contrary to the trend of reducing interest-bearing debt that continued through the previous full fiscal year, liabilities increased by ¥1,151 million due to increases in short-term and long-term borrowings. - FY2020Long-term borrowings increased following the renewal of borrowing agreementsAnnual report
「Liabilities increased by ¥163 million from the end of the previous consolidated fiscal year to ¥22,376 million. This was mainly due to a ¥2,327 million increase in long-term borrowings following the renewal of borrowing agreements and a ¥1,998 million decrease in current maturities of long-term borrowings.」
Unlike the progress made in repaying long-term borrowings in the previous fiscal year, long-term borrowings increased by ¥2,327 million following the renewal of borrowing agreements, bringing interest-bearing debt to ¥11,865 million. - FY2020-Q3Borrowings continue to increaseAnnual report
「Liabilities totaled ¥23,325 million, up ¥1,112 million from the end of the previous consolidated fiscal year. The main factor was an increase in short-term and long-term borrowings resulting from borrowing.」
Liabilities increased due to higher borrowings for the second consecutive quarter. Increases in short-term and long-term borrowings represented a change in the opposite direction to the policy of reducing interest-bearing debt. - FY2020-Q2Borrowings continue to increaseAnnual report
「Liabilities totaled ¥22,913 million, up ¥700 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥547 million in long-term borrowings and ¥305 million in short-term borrowings.」
Liabilities increased due to higher borrowings for the second consecutive quarter, indicating a financial change in the opposite direction to the policy of reducing interest-bearing debt. - FY2020-Q1Increase in liabilities due to higher borrowingsAnnual report
「Liabilities totaled ¥23,770 million, up ¥1,557 million from the end of the previous consolidated fiscal year. The main factor was an increase in short-term and long-term borrowings.」
While long-term borrowing repayments progressed in the previous full fiscal year, liabilities increased by ¥1,557 million in the first quarter due to increases in short-term and long-term borrowings. - FY2019Progress in repaying long-term borrowingsAnnual report
「Liabilities decreased by ¥1,636 million from the end of the previous consolidated fiscal year to ¥22,212 million. This was mainly due to decreases of ¥2,315 million in long-term borrowings and ¥1,009 million in notes and accounts payable-trade, partly offset by a ¥1,831 million increase in current maturities of long-term borrowings.」
Long-term borrowings decreased by ¥2,315 million, advancing the reduction of interest-bearing debt. Meanwhile, the portion due within one year increased. - FY2019-Q3Long-term borrowings continued to declineAnnual report
「Liabilities totaled ¥23,090 million, down ¥758 million from the end of the previous consolidated fiscal year. The main factors were decreases in accrued bonuses, long-term borrowings and deferred tax liabilities, despite an increase resulting from short-term borrowings.」
Liabilities decreased by ¥758 million from the end of the previous consolidated fiscal year, and long-term borrowings also declined, including the portion due within one year. Interest-bearing debt reduction continued. - FY2019-Q2Debt repayments progressed while operating cash flow declinedAnnual report
「Liabilities totaled ¥23,301 million, down ¥547 million from the end of the previous consolidated fiscal year. The main factors were decreases of ¥339 million in long-term borrowings and ¥276 million in notes and accounts payable-trade.」
While long-term borrowings were reduced through repayment, cash flow from operating activities declined from ¥914 million in the same quarter of the previous year to ¥308 million, with increases in inventories and trade receivables contributing to the decrease in cash. - FY2018M&A, quality and environmental initiatives added as priority measuresAnnual report
「While closely monitoring international M&A trends facing the measuring instruments industry, we will promote a “selection and concentration” strategy centered on pressure measurement within our Group.」
In addition to the existing measures of business selection and concentration, cash flow improvement, Group efficiency and interest-bearing debt reduction, specific measures now include selection and concentration in light of international M&A trends and enhanced development of quality, environmentally considerate products. - FY2017First statedAnnual report
「We will continue to promote “business selection and concentration,” “improving operating cash flow,” “maximizing Group management efficiency” and “reducing interest-bearing debt” as priority measures. As part of a management policy that takes the cost of capital into account, we aim to strengthen our financial position by reducing interest-bearing debt and enhance profitability with a focus on return on equity (ROE).」
Business selection and concentration, operating cash flow improvement, Group efficiency and interest-bearing debt reduction have been established as specific priority measures.