Cash Generation and Rigorous Management of Investment Returns
First written in FY2016. 3 of 27 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 2 of 21 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2026Capital expenditures, proceeds from stock acquisition rights and debt repaymentsAnnual report
「Cash increased by ¥241 million through financing activities (an increase of ¥617 million in the previous consolidated fiscal year). Factors increasing cash included ¥930 million in proceeds from long-term borrowings, ¥949 million in proceeds from the issuance of shares through the exercise of stock acquisition rights and ¥170 million in proceeds from sale-and-leaseback transactions, while factors reducing cash included a net decrease of ¥260 million in short-term borrowings, ¥1,425 million in repayments of long-term borrowings and ¥127 million in repayments of lease obligations.」
The company raised funds through the exercise of stock acquisition rights and borrowings while repaying ¥1,425 million of long-term borrowings. Capital expenditures amounted to ¥740.425 million, indicating a funding policy combining investment, fundraising and repayments. - FY2026-H1Higher cash accompanied by the exercise of stock acquisition rights and repayment of borrowingsAnnual report
「Cash and cash equivalents at the end of the interim consolidated fiscal period increased by ¥478 million from the end of the previous consolidated fiscal year to ¥2,280 million. Cash increased by ¥405 million through financing activities (an increase of ¥73 million in the previous interim consolidated fiscal period). Factors increasing cash included ¥170 million in proceeds from long-term borrowings and ¥951 million in proceeds from the issuance of shares through the exercise of stock acquisition rights, while factors reducing cash included a net decrease of ¥270 million in short-term borrowings and ¥563 million in repayments of long-term borrowings.」
Cash and cash equivalents increased by ¥478 million, accompanied by ¥951 million in proceeds from the exercise of stock acquisition rights and an increase in cash through financing activities, including long-term borrowings. Short-term borrowings decreased by ¥270 million on a net basis, and ¥563 million of long-term borrowings was repaid. - FY2025Higher cash accompanied by capital investment and increased borrowingsAnnual report
「Cash and cash equivalents at the end of the current consolidated fiscal year increased by ¥136 million from the end of the previous consolidated fiscal year to ¥1,802 million. Cash decreased by ¥846 million through investing activities (a decrease of ¥473 million in the previous consolidated fiscal year). Factors reducing cash included ¥750 million in purchases of property, plant and equipment (¥566 million in the previous consolidated fiscal year). Cash increased by ¥617 million through financing activities (an increase of ¥220 million in the previous consolidated fiscal year). Factors increasing cash included a net increase of ¥178 million in short-term borrowings and ¥1,205 million in proceeds from long-term borrowings, while factors reducing cash included ¥742 million in repayments of long-term borrowings.」
Cash and cash equivalents increased by ¥136 million, accompanied by ¥750 million in capital expenditures and a ¥617 million increase in cash through financing activities. - FY2025-H1Lower cash, equipment upgrade investment and continued borrowingAnnual report
「Cash and cash equivalents at the end of the interim consolidated fiscal period decreased by ¥26 million from the end of the previous consolidated fiscal year to ¥1,639 million. Cash decreased by ¥262 million through investing activities (a decrease of ¥328 million in the previous interim consolidated fiscal period). Factors reducing cash included ¥255 million in purchases of property, plant and equipment (¥323 million in the previous interim consolidated fiscal period). Cash increased by ¥73 million through financing activities (an increase of ¥76 million in the previous interim consolidated fiscal period). Against factors increasing cash, including ¥480 million in proceeds from long-term borrowings and a net increase of ¥139 million in short-term borrowings, there were factors reducing cash, including ¥534 million in repayments of long-term borrowings.」
Cash and cash equivalents decreased by ¥26 million. Property, plant and equipment increased by ¥187 million, including investment in the replacement of the glass melting furnace used to produce reflector glass at Niigata Okamoto Glass, and capital expenditure amounted to ¥255 million. The disclosures also include increases of ¥480 million in long-term borrowings and ¥139 million in short-term borrowings, together with repayment of ¥534 million in long-term borrowings. - FY2024Higher cash accompanied by increased capital investment and borrowingsAnnual report
「Cash and cash equivalents at the end of the current consolidated fiscal year increased by ¥133 million from the end of the previous consolidated fiscal year to ¥1,665 million.」
Cash and cash equivalents increased by ¥133 million, while investing activities included ¥566 million in purchases of property, plant and equipment and financing activities included a net increase of ¥219 million in short-term borrowings and ¥940 million in long-term borrowings. - FY2024-Q3Higher inventories, lower cash, capital investment and increased borrowingsAnnual report
「Current assets increased by ¥301 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥226 million in merchandise and finished goods and ¥176 million in work in process. Property, plant and equipment increased by ¥65 million from the end of the previous consolidated fiscal year. The main factor was a ¥242 million increase, on a net basis, in machinery and transportation equipment due to the replacement of the feeder (molten glass outlet) for the glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, and the installation of new equipment for manufacturing heat-dissipating substrates. Current liabilities increased by ¥94 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥100 million in short-term borrowings and ¥161 million in other current liabilities, partly offset by a ¥111 million decrease in notes and accounts payable. Non-current liabilities increased by ¥309 million from the end of the previous consolidated fiscal year. The main factor was a ¥332 million increase in long-term borrowings.」
Cash and deposits decreased by ¥40 million, from ¥1,538 million at the end of the previous consolidated fiscal year to ¥1,498 million, while merchandise and finished goods increased by ¥226 million and work in process by ¥176 million. Progress was made on equipment upgrades and the installation of equipment for manufacturing heat-dissipating substrates, and both short-term and long-term borrowings increased. - FY2024-Q2Higher inventories, lower cash and continued capital investmentAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal year decreased by ¥337 million from the end of the previous consolidated fiscal year to ¥1,194 million.」
Cash and cash equivalents decreased by ¥337 million, while merchandise and finished goods increased by ¥127 million and total inventories increased by ¥228 million. Investing activities included ¥323 million in purchases of property, plant and equipment, while financing activities included ¥490 million in long-term borrowings and ¥459 million in repayments of long-term borrowings. - FY2024-Q1Higher inventories, lower cash and repayment of borrowingsAnnual report
「Current assets decreased by ¥57 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥61 million in merchandise and finished goods and ¥53 million in work in process, as well as decreases of ¥53 million in notes and accounts receivable and ¥87 million in other current assets. Non-current liabilities decreased by ¥48 million from the end of the previous consolidated fiscal year. The main factor was a ¥44 million decrease in long-term borrowings.」
Cash and deposits decreased by ¥48 million, from ¥1,538 million to ¥1,490 million, while merchandise, finished goods and work in process increased. Long-term borrowings decreased by ¥44 million, indicating changes in the composition of working capital, inventories and borrowings. - FY2023Higher capital expenditures, lower cash and repayment of borrowingsAnnual report
「Cash decreased by ¥256 million through investing activities (a decrease of ¥713 million in the previous consolidated fiscal year). Factors reducing cash included ¥313 million in purchases of property, plant and equipment (¥92 million in the previous consolidated fiscal year). Cash decreased by ¥288 million through financing activities (a decrease of ¥339 million in the previous consolidated fiscal year). Against factors increasing cash, including ¥950 million in proceeds from long-term borrowings, there were factors reducing cash, including a net decrease of ¥170 million in short-term borrowings and ¥982 million in repayments of long-term borrowings.」
Capital expenditures increased from ¥92 million in the previous fiscal year to ¥313 million, while cash and cash equivalents decreased by ¥125 million. The company raised ¥950 million through long-term borrowings while repaying ¥982 million of long-term borrowings. - FY2023-Q3Decrease in cash, repayment of long-term borrowings, progress in capital expenditureAnnual report
「Current assets decreased by ¥473 million from the end of the previous consolidated fiscal year. The main factors included decreases of ¥433 million in cash and deposits and ¥162 million in notes and accounts receivable. Non-current liabilities decreased by ¥573 million, mainly due to a decrease of ¥511 million in long-term borrowings.」
Cash and deposits decreased by ¥433 million, while long-term borrowings decreased by ¥511 million. Under the existing themes of maintaining liquidity, repaying borrowings and investing in equipment, the decrease in cash and repayment of long-term borrowings are noted together. - FY2023-Q2Decrease in cash, increase in capital expenditure outlays, repayment of long-term borrowingsAnnual report
「Cash and cash equivalents at the end of the second quarter of the consolidated fiscal period decreased by ¥315 million from the end of the previous consolidated fiscal year to ¥1,342 million. Funds from investing activities decreased by ¥185 million, compared with a decrease of ¥657 million in the cumulative second quarter of the previous fiscal year. Factors reducing funds included ¥177 million in payments for the acquisition of property, plant and equipment, compared with ¥38 million in the cumulative second quarter of the previous fiscal year. Funds from financing activities decreased by ¥355 million, compared with a decrease of ¥153 million in the cumulative second quarter of the previous fiscal year. Factors reducing funds included ¥312 million in repayments of long-term borrowings.」
Cash and cash equivalents decreased by ¥315 million. Capital expenditure outlays totaled ¥177 million, up from ¥38 million in the same period of the previous fiscal year, and ¥312 million of long-term borrowings was repaid. - FY2023-Q1Decrease in cash, progress in capital expenditure, repayment of long-term borrowingsAnnual report
「The main factors included decreases of ¥150 million in cash and deposits and ¥87 million in notes and accounts receivable. Construction in progress increased by ¥180 million, mainly due to the replacement of the feeder, or molten-glass outlet, at the glass-melting furnace at the head office factory in Kashiwa, Chiba. Long-term borrowings decreased by ¥170 million, among other factors.」
Cash and deposits decreased by ¥150 million, while construction in progress related to equipment upgrades increased by ¥180 million. Meanwhile, long-term borrowings decreased by ¥170 million, indicating a change in the composition of cash, investment and borrowings. - FY2022Decrease in cash, increase in investment outlays, debt repaymentAnnual report
「Funds from operating activities increased by ¥373 million, compared with a decrease of ¥6 million in the previous consolidated fiscal year. Funds from investing activities decreased by ¥713 million, compared with a decrease of ¥131 million in the previous consolidated fiscal year. Funds from financing activities decreased by ¥339 million, compared with an increase of ¥1,372 million in the previous consolidated fiscal year.」
Operating cash flow improved, while funds from investing activities decreased by ¥713 million, mainly due to the acquisition of shares in a subsidiary, and funds from financing activities decreased by ¥339 million, mainly due to repayments of long-term borrowings. Cash and cash equivalents at period-end totaled ¥1,657 million. - FY2022-Q3Decrease in cash, increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current assets decreased by ¥756 million from the end of the previous consolidated fiscal year. The main factors included decreases of ¥705 million in cash and deposits and ¥113 million in work in progress. Current liabilities increased by ¥184 million, mainly due to an increase of ¥127 million in short-term borrowings. Non-current liabilities decreased by ¥355 million, mainly due to a decrease of ¥351 million in long-term borrowings.」
Cash and deposits decreased by ¥705 million and short-term borrowings increased by ¥127 million, while long-term borrowings decreased by ¥351 million. The company stated that liquidity on hand had been secured at ¥1,622 million. - FY2022-Q2Decrease in cash, increase in short-term borrowings, repayment of long-term borrowingsAnnual report
「Cash and cash equivalents at the end of the second quarter of the consolidated fiscal period decreased by ¥656 million from the end of the previous consolidated fiscal year to ¥1,664 million. Factors increasing funds included a net increase of ¥135 million in short-term borrowings, while factors reducing funds included ¥299 million in repayments of long-term borrowings.」
Cash and cash equivalents decreased by ¥656 million, while short-term borrowings increased by a net ¥135 million and ¥299 million of long-term borrowings was repaid. - FY2022-Q1Decrease in cash, increase in short-term borrowingsAnnual report
「Through special loans related to the COVID-19 pandemic and other measures, we secured liquidity on hand, with cash and deposits of ¥2,258 million at the end of the first quarter of the consolidated fiscal period. As a result, we have sufficient working capital for the foreseeable future and no significant liquidity concerns.」
Cash and deposits decreased by ¥70 million from the end of the previous consolidated fiscal year, while short-term borrowings increased by ¥142 million. The company added that special loans and other measures secured ending cash of ¥2,258 million, sufficient to cover working capital for the foreseeable future. - FY2021-Q3Continued increase in cash accompanied by higher borrowingsAnnual report
「Current assets increased by ¥1,007 million from the end of the previous consolidated fiscal year. The main factors included an increase of ¥848 million in cash and deposits, a decrease of ¥183 million in work in progress and an increase of ¥293 million in other current assets. Current liabilities increased by ¥196 million, mainly due to an increase of ¥275 million in short-term borrowings. Non-current liabilities increased by ¥921 million, mainly due to an increase of ¥988 million in long-term borrowings.」
Cash and deposits increased by ¥848 million, while short-term borrowings increased by ¥275 million and long-term borrowings increased by ¥988 million. The increase in cash accompanied by higher borrowings has continued. - FY2021-Q2Continued increase in cash from borrowingsAnnual report
「Cash and cash equivalents at the end of the second quarter of the consolidated fiscal period increased by ¥959 million from the end of the previous consolidated fiscal year to ¥2,034 million. Financing activities increased funds by ¥1,200 million, compared with an increase of ¥106 million in the cumulative second quarter of the previous fiscal year. This included ¥1,710 million in proceeds from long-term borrowings, partly offset by factors reducing funds, including ¥496 million in repayments of long-term borrowings.」
Cash and cash equivalents increased by ¥959 million, accompanied by a ¥1,200 million increase in funds from financing activities, including ¥1,710 million in long-term borrowings and ¥496 million in repayments of long-term borrowings. An increase in cash from borrowings was again reported following the previous quarter. - FY2021-Q1Increase in cash from borrowingsAnnual report
「Current assets increased by ¥841 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥773 million in cash and deposits. The main factors also included an increase of ¥100 million in short-term borrowings and an increase of ¥90 million in other current liabilities. Long-term borrowings also increased by ¥808 million.」
Cash and deposits increased by ¥773 million, while short-term borrowings increased by ¥100 million and long-term borrowings increased by ¥808 million. Contrary to the previous policy of generating free cash flow, the increase in cash during the quarter was accompanied by higher borrowings. - FY2020AdvancedAnnual report
「Capital expenditures for the consolidated fiscal year totaled ¥229.490 million」
The full-year capital expenditure amount was ¥229.49 million, within depreciation expense of ¥411 million. - FY2020-Q3Increase in cash, increase in accounts receivable, increase in work in progressAnnual report
「The main factors included an increase of ¥161 million in cash and deposits and an increase of ¥90 million in notes and accounts receivable.」
Compared with the end of the previous consolidated fiscal year, cash and deposits increased by ¥161 million and notes and accounts receivable increased by ¥90 million. Work in progress also increased from ¥996.874 million to ¥1,012.964 million, indicating a change in the composition of working capital and inventory. - FY2020-Q2Increase in cash, increase in work in progressAnnual report
「Cash and cash equivalents at the end of the second quarter of the consolidated fiscal period increased by ¥173 million from the end of the previous consolidated fiscal year to ¥891 million. Work in progress 996,874 1,076,810」
Cash and cash equivalents, which had declined in the previous quarter, increased by ¥173 million. Meanwhile, work in progress increased from ¥996 million at the end of the previous consolidated fiscal year to ¥1,076 million. - FY2020-Q1Increase in inventory, decrease in cashAnnual report
「The main factors were increases of ¥70 million in merchandise and finished goods and ¥74 million in work in progress, as well as decreases of ¥109 million in cash and deposits and ¥102 million in notes and accounts receivable.」
States that merchandise, finished goods and work in progress increased while cash and deposits decreased during the quarter, indicating a change in the asset mix related to the themes of working-capital reduction and free cash flow generation. - FY2019RestatedAnnual report
「While seeking to improve profitability, we will also reduce working capital, including inventories through shorter delivery times. In addition, we will generate free cash flow by applying strict investment-return criteria to capital expenditures and, as a basic policy, keeping total capital expenditures within depreciation expense.」
Reiterating the policy of generating free cash flow through working-capital reductions and capital expenditure management based on depreciation expense. - FY2018RestatedAnnual report
「While seeking to improve profitability, we will also reduce working capital, including inventories through shorter delivery times. In addition, we will generate free cash flow by applying strict investment-return criteria to capital expenditures and, as a basic policy, keeping total capital expenditures within depreciation expense.」
Reiterating the policy of generating free cash flow by reducing inventory and working capital and managing capital expenditures based on depreciation expense. - FY2017RestatedAnnual report
「For capital expenditures, we will apply strict investment-return criteria and, as a basic policy, keep total capital expenditures within depreciation expense to generate free cash flow.」
Reiterating the policy of strictly managing investment returns and restraining investment based on depreciation expense. - FY2016First statedAnnual report
「While seeking to improve profitability, we will also reduce working capital, including inventories through shorter delivery times. In addition, we will generate free cash flow by applying strict investment-return criteria to capital expenditures and, as a basic policy, keeping total capital expenditures within depreciation expense.」
Identifying reductions in inventory and working capital, and capital expenditure management based on depreciation expense, as measures.