Maximizing Operating Cash Flow and Reinvestment in Growth Businesses
First written in FY2016. 22 of 37 entries say "Advanced", first in FY2017. Latest entry: 2026-08-03.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- 2026-08-03AdvancedEarnings
「On the premise of maximizing core operating cash flow and the recovery of investments, we will pursue and implement capital allocation measures with high relative returns, without necessarily adhering to maintaining positive free cash flow after shareholder returns, under a financial discipline that takes credit ratings into account, while flexibly using leverage and considering multiple time horizons over the short, medium and long term.」
The Company presented a capital allocation policy premised on maximizing core operating cash flow and the recovery of investments, and specified its approach to capital allocation. - FY2026AdvancedAnnual report
「Basic operating cash flow was ¥575.1 billion.」
In connection with GC2027's three-year cumulative target of ¥2.0 trillion for basic operating cash flow, the year's actual result was updated to ¥575.1 billion. - 2026-05-01AdvancedEarnings
「Operating receipts and dividend receipts resulted in an inflow of ¥535.4 billion.」
The full-year result for cash flow from operating activities was updated. - FY2026-H1Update to interim basic operating cash flow resultsAnnual report
「Basic operating cash flow was ¥240.4 billion.」
Basic operating cash flow for the current interim consolidated accounting period was ¥240.4 billion. - FY2025RaisedAnnual report
「Basic operating cash flow (three-year cumulative) ¥2.0 trillion」
GC2027 raised the three-year cumulative target for basic operating cash flow to ¥2.0 trillion, up from GC2024's target of ¥1.3 trillion and its outlook of approximately ¥1.7 trillion. Actual basic operating cash flow for the year was ¥606.6 billion. - FY2025-H1AdvancedAnnual report
「Basic operating cash flow for the current interim consolidated accounting period was ¥305.9 billion.」
Basic operating cash flow for the current interim consolidated accounting period was ¥305.9 billion. The company continues to set records for cash generation available for investment and capital allocation, based on operating and dividend income. - FY2024AdvancedAnnual report
「Basic operating cash flow was ¥548.0 billion.」
Basic operating cash flow for the year was ¥548.0 billion, and free cash flow was ¥108.0 billion. Against GC2024's three-year cumulative plan of ¥1.3 trillion for basic operating cash flow, the company indicated approximately ¥1.7 trillion, including the fiscal 2024 forecast. - FY2024-Q3AdvancedAnnual report
「Basic operating cash flow was ¥395.0 billion. As a result, free cash flow for the first three quarters of the current consolidated fiscal year was a cash outflow of ¥36.7 billion.」
Basic operating cash flow for the first three quarters was ¥395.0 billion, while free cash flow was a cash outflow of ¥36.7 billion. - FY2024-Q2AdvancedAnnual report
「Basic operating cash flow was ¥266.4 billion. As a result, free cash flow for the first two quarters of the current consolidated fiscal year was a cash outflow of ¥400 million.」
Basic operating cash flow for the second quarter cumulative period was ¥266.4 billion, while free cash flow was a cash outflow of ¥400 million. - FY2024-Q1AdvancedAnnual report
「Basic operating cash flow was ¥141.8 billion.」
Basic operating cash flow for the first quarter was ¥141.8 billion. Meanwhile, free cash flow was a cash outflow of ¥30.1 billion. - FY2023AdvancedAnnual report
「Basic operating cash flow was ¥584.2 billion.」
Against GC2024's three-year cumulative target of ¥1.3 trillion for basic operating cash flow, ¥584.2 billion was recorded for the year. - FY2023-Q3AdvancedAnnual report
「Despite an increase in working capital requirements and other factors, operating and dividend income resulted in cash inflows of ¥376.8 billion. Basic operating cash flow was ¥466.7 billion. As a result, free cash flow for the first three quarters of the current consolidated fiscal year was a cash inflow of ¥532.0 billion.」
For the first three quarters, operating cash flow was ¥376.8 billion, basic operating cash flow was ¥466.7 billion, and free cash flow was ¥532.0 billion. - FY2023-Q2AdvancedAnnual report
「Operating and dividend income, as well as improvements in working capital requirements and other factors, resulted in cash inflows of ¥348.2 billion. This was an increase of ¥132.1 billion in cash inflows from the same period of the previous year. Basic operating cash flow was ¥332.1 billion.」
Operating cash flow for the second quarter cumulative period was ¥348.2 billion, while basic operating cash flow was ¥332.1 billion. - FY2023-Q1AdvancedAnnual report
「Despite an increase in working capital requirements and other factors, operating and dividend income resulted in cash inflows of ¥188.3 billion. This was an increase of ¥226.6 billion in cash inflows from the same period of the previous year. Basic operating cash flow was ¥206.4 billion. As a result, free cash flow for the first quarter of the current consolidated fiscal year was a cash inflow of ¥95.2 billion.」
For the first quarter cumulative period, operating cash flow was ¥188.3 billion, basic operating cash flow was ¥206.4 billion, and free cash flow was ¥95.2 billion. - FY2022AchievedAnnual report
「Underlying operating cash flow (※1) (three-year cumulative) ¥1.2 trillion ¥1.3039 trillion」
Against GC2021's three-year cumulative target of ¥1.2 trillion for underlying operating cash flow, actual results amounted to ¥1.3039 trillion. GC2024 set a target of ¥1.3 trillion. - FY2022-Q3RaisedAnnual report
「Underlying operating cash flow (three-year cumulative) ¥1.2 trillion ¥1.27 trillion Free cash generated by maximizing underlying operating cash flow will be allocated to growth investment, treasury share acquisitions, retained earnings (investment capacity for the future), and other purposes.」
The three-year cumulative forecast for underlying operating cash flow under GC2021 was set at ¥1.27 trillion, while GC2024 set a target of ¥1.3 trillion. - FY2022-Q2AdvancedAnnual report
「Despite increased operating funding requirements and other factors, operating receipts and dividend receipts resulted in an inflow of ¥216.1 billion, an increase of ¥58.6 billion from the same period of the previous year. Underlying operating cash flow amounted to ¥252.2 billion.」
For the cumulative second-quarter period, cash flow from operating activities amounted to ¥216.1 billion and underlying operating cash flow to ¥252.2 billion. - FY2022-Q1Update to cumulative first-quarter free cash flow resultsAnnual report
「Accordingly, free cash flow for the cumulative first-quarter period of the current consolidated fiscal year was an outflow of ¥85.3 billion, an increase in outflows of ¥119.9 billion year on year.」
Free cash flow for the cumulative first-quarter period was an outflow of ¥85.3 billion, changing from an inflow in the same period of the previous year to an outflow. - FY2021AdvancedAnnual report
「Underlying operating cash flow amounted to ¥369.6 billion.」
In fiscal 2020, underlying operating cash flow amounted to ¥369.6 billion and free cash flow to ¥280.8 billion, demonstrating the results of operating cash flow generation and capital allocation. - FY2021-Q3Update to cumulative third-quarter cash flow resultsAnnual report
「Operating receipts and dividend receipts resulted in an inflow of ¥170.2 billion. Underlying operating cash flow amounted to ¥272.9 billion. Accordingly, free cash flow for the cumulative third-quarter period of the current consolidated fiscal year was an inflow of ¥47.9 billion.」
For the cumulative third-quarter period, cash flow from operating activities amounted to ¥170.2 billion, underlying operating cash flow to ¥272.9 billion, and free cash flow to ¥47.9 billion. - FY2021-Q2AdvancedAnnual report
「Despite increased operating funding requirements and other factors, operating receipts and dividend receipts resulted in an inflow of ¥157.5 billion. Underlying operating cash flow amounted to ¥182.6 billion. Accordingly, free cash flow for the cumulative second-quarter period of the current consolidated fiscal year was an inflow of ¥37.0 billion.」
For the cumulative second-quarter period, operating cash flow amounted to ¥157.5 billion, underlying operating cash flow to ¥182.6 billion, and free cash flow to ¥37.0 billion. - FY2021-Q1AdvancedAnnual report
「Underlying operating cash flow amounted to ¥94.5 billion. Accordingly, free cash flow for the cumulative first-quarter period of the current consolidated fiscal year was an inflow of ¥34.5 billion.」
Underlying operating cash flow amounted to ¥94.5 billion and free cash flow to ¥34.5 billion, with free cash flow increasing by ¥50.2 billion year on year. - FY2020AdvancedAnnual report
「Underlying operating cash flow amounted to ¥363.8 billion.」
Underlying operating cash flow amounted to ¥363.8 billion, free cash flow to ¥117.2 billion, and free cash flow after shareholder returns to ¥57.3 billion, which was allocated to debt repayment. - FY2020-Q3AdvancedAnnual report
「Accordingly, free cash flow for the cumulative third-quarter period of the current consolidated fiscal year was an inflow of ¥77.3 billion, an increase of ¥7.4 billion from the cumulative third-quarter period of the previous consolidated fiscal year.」
Free cash flow for the cumulative third-quarter period was an inflow of ¥77.3 billion, an increase of ¥7.4 billion from the same period of the previous year. - FY2020-Q2AdvancedAnnual report
「Despite increased operating funding requirements and other factors, operating receipts and dividend receipts resulted in an inflow of ¥66.3 billion, an increase of ¥69.0 billion from the cumulative second-quarter period of the previous consolidated fiscal year. Cash flow from investing activities was an outflow of ¥59.3 billion due to capital expenditures in overseas businesses, despite proceeds from the sale of shares. Accordingly, free cash flow for the cumulative second-quarter period of the current consolidated fiscal year was an inflow of ¥7.0 billion, an increase of ¥36.1 billion from the same period of the previous consolidated fiscal year.」
Due to operating receipts, dividend receipts, and proceeds from the sale of shares, free cash flow for the cumulative second-quarter period was an inflow of ¥7.0 billion, an improvement of ¥36.1 billion from the outflow in the same period of the previous year. - FY2020-Q1Update to cumulative first-quarter free cash flow resultsAnnual report
「Despite increased operating funding requirements and other factors, operating receipts and dividend receipts resulted in an inflow of ¥13.5 billion, an increase of ¥24.7 billion from the cumulative first-quarter period of the previous consolidated fiscal year. Cash flow from investing activities was an outflow of ¥29.2 billion due to capital expenditures in overseas businesses, despite proceeds from the sale of shares. Accordingly, free cash flow for the cumulative first-quarter period of the current consolidated fiscal year was an outflow of ¥15.7 billion.」
While there were operating receipts and dividend receipts, capital expenditures in overseas businesses and other factors resulted in free cash flow for the cumulative first-quarter period being an outflow of ¥15.7 billion. - FY2019RaisedAnnual report
「While pursuing the maximization of underlying operating cash flow, we will further strengthen our financial position, enhance shareholder returns, and allocate capital to growth as part of our capital allocation policy.」
The previous policy of maximizing operating cash flow and reinvesting in growth businesses was made specific through a three-year cumulative target of ¥1.2 trillion for underlying operating cash flow, strengthening the financial position, shareholder returns, and capital allocation for growth investment. - FY2019-Q3AdvancedAnnual report
「Despite increased operating funding requirements and other factors, operating receipts and dividend receipts resulted in an inflow of ¥96.1 billion, an increase of ¥7.9 billion from the cumulative third-quarter period of the previous consolidated fiscal year. Cash flow from investing activities was an outflow of ¥26.2 billion due to capital expenditures in overseas businesses, despite proceeds from the sale of businesses and shares. Accordingly, free cash flow for the cumulative third-quarter period of the current consolidated fiscal year was an inflow of ¥69.9 billion.」
Due to operating receipts, dividend receipts, and proceeds from the sale of businesses and shares, free cash flow for the cumulative third-quarter period was an inflow of ¥69.9 billion, an improvement of ¥53.2 billion year on year. - FY2019-Q2Update to interim free cash flow resultsAnnual report
「As a result, free cash flow for the cumulative six-month period of the current consolidated fiscal year was an outflow of ¥29.1 billion, a decrease in outflows of ¥24.7 billion compared with the cumulative six-month period of the previous consolidated fiscal year.」
Due to operating funding requirements and other factors, free cash flow for the cumulative second-quarter period was an outflow of ¥2.9 billion. - FY2018AdvancedAnnual report
「As a result of expanding underlying operating cash flow, improving the efficiency of operating working capital, and accelerating the recovery of funds from businesses and other sources, free cash flow achieved a substantial surplus for the second consecutive year.」
It stated that a substantial free cash flow surplus had been achieved for the second consecutive year through the expansion of underlying operating cash flow, improved working capital efficiency, and accelerated recovery of funds from businesses. - FY2018-Q3RestatedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
The maximization of operating cash flow and reinvestment from businesses with limited growth prospects into growth businesses were reiterated. - FY2018-Q2RestatedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
The maximization of operating cash flow and reinvestment from businesses with limited growth prospects into growth businesses were reiterated. - FY2018-Q1RestatedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
The maximization of operating cash flow and the reinvestment of cash generated by businesses in growth businesses were reiterated. - FY2017AdvancedAnnual report
「As a result of expanding underlying operating cash flow, improving the efficiency of operating working capital, and accelerating the recovery of funds from businesses and other sources, free cash flow achieved a substantial surplus for the fiscal year.」
Due to the expansion of underlying operating cash flow, improved working capital efficiency, and accelerated recovery of funds from businesses, free cash flow amounted to ¥370.8 billion for the fiscal year. - FY2017-Q3RestatedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
The generation of operating cash flow and the reinvestment of cash generated by businesses in growth businesses were reiterated. - FY2017-Q1RestatedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
The generation of operating cash flow and the reinvestment of cash generated by businesses in growth businesses were reiterated. - FY2016First statedAnnual report
「We will increase our capacity for growth investment by maximizing operating cash flow. In addition, together with the earnings and cash generated by new business investments, we will reinvest cash generated by businesses with limited growth prospects in the next generation of growth businesses, thereby seeking to maximize corporate value.」
Cash generation and reallocation among businesses were positioned as mechanisms for enhancing corporate value.