Strengthening the Financial Position Through Asset Rotation and Interest-Bearing Debt Reduction
First written in FY2016. 16 of 40 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-02.
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
25 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Net interest-bearing debt 26,725 31,472 Net DER 0.57 0.68 +0.11 pt」
Due to large-scale investments and additional acquisitions of SCSK shares, net interest-bearing debt increased from ¥2,672.5 billion at the end of the previous fiscal year to ¥3,147.2 billion, and the net DER rose from 0.57x to 0.68x. - 2026-05-21WorsenedGeneral Meetings of Shareholders
「ネット有利子負債 3兆1,472億円」
ネット有利子負債は2025年度末に3兆1,472億円となり、前期末の2兆6,725億円から増加した。 - FY2026-H1AdvancedAnnual report
「Free cash flow 1,130 2,408」
Free cash flow for the interim consolidated accounting period was ¥240.8 billion. Net interest-bearing debt decreased by ¥5.6 billion from ¥2,672.5 billion at the end of the previous consolidated fiscal year to ¥2,666.9 billion. - FY2025Free cash flow positive, but net interest-bearing debt increasedAnnual report
「Free cash flow 3,896 1,509」
Free cash flow for the fiscal year was ¥150.9 billion. Net interest-bearing debt increased by ¥149.1 billion from ¥2,523.4 billion at the end of the previous fiscal year to ¥2,672.5 billion, while the net DER remained unchanged at 0.6x. - FY2025-H1AdvancedAnnual report
「Net interest-bearing debt (Note 4) 25,234 24,967 Net DER (Note 5) 0.6 0.6 ±0.0 pt」
Net interest-bearing debt at the end of the interim consolidated accounting period was ¥2,496.7 billion, down ¥26.7 billion from the end of the previous fiscal year. The net DER remained at 0.6x, while free cash flow was a ¥113.0 billion cash inflow. - FY2024AdvancedAnnual report
「Free cash flow 1,413 3,896」
Free cash flow for the fiscal year was ¥389.6 billion. Net interest-bearing debt increased from ¥2,484.4 billion at the end of the previous fiscal year to ¥2,523.4 billion, but the net DER declined from 0.7x to 0.6x, maintaining financial soundness. - FY2024-Q3Free cash flow was positive, but net interest-bearing debt increased and the net DER was unchangedAnnual report
「Investment and financing: Acquisition of a US sulfuric acid business; acquisition of domestic and overseas real estate projects, etc. Asset portfolio rebalancing: US tire sales business; recovery of funds following the sale of the directly operated retail business, etc.」
Free cash flow for the first 3 quarters was ¥187.1 billion, while net interest-bearing debt increased by ¥148.7 billion from the end of the previous fiscal year to ¥2,633.2 billion. The net DER was 0.6x, unchanged from the end of the previous quarter. - FY2024-Q2Free cash flow was positive, but net interest-bearing debt increased and the net DER declinedAnnual report
「Underlying earnings cash flow (Note 6) 2,698 Cash flow from investing activities △1,069 Free cash flow 2,252」
Free cash flow for the first 2 quarters was ¥225.2 billion. Net interest-bearing debt increased by ¥41.9 billion from ¥2,484.4 billion at the end of the previous fiscal year to ¥2,526.3 billion, while the net DER declined from 0.7x to 0.6x. - FY2024-Q1Free cash flow positive, but net interest-bearing debt increasedAnnual report
「As a result, free cash flow, calculated as cash flow from operating activities plus cash flow from investing activities, was a ¥92.3 billion cash inflow.」
Free cash flow for the first quarter was a ¥92.3 billion cash inflow, while net interest-bearing debt increased by ¥125.8 billion from the end of the previous fiscal year to ¥2,610.3 billion. - FY2023Free cash flow positive, but net interest-bearing debt increasedAnnual report
「Net interest-bearing debt after cash and cash equivalents (Note 1) was ¥2,484.4 billion, an increase of ¥210.7 billion from ¥2,273.7 billion at the end of the previous fiscal year. As a result, the net debt-to-equity ratio (net interest-bearing debt / total equity attributable to owners of the parent) was 0.7x.」
Free cash flow for the fiscal year was a ¥141.3 billion cash inflow, while net interest-bearing debt increased by ¥210.7 billion to ¥2,484.4 billion. The net D/E ratio remained at 0.7x. - FY2023-Q3Free cash flow positive, but net interest-bearing debt increasedAnnual report
「Cash flow from investing activities was a cash outflow of ¥88.2 billion. Although funds were recovered through asset replacement, including the sale of domestic real estate projects, the UK North Sea oilfield business and policy-held shares, investments and financing were made, including the acquisition of domestic and overseas real estate projects and a tender offer for shares in Sumitomo Precision Products. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥30.0 billion.」
Free cash flow for the first 3 quarters was a ¥30.0 billion cash inflow, while net interest-bearing debt increased by ¥208.5 billion from the end of the previous fiscal year to ¥2,482.2 billion. Proceeds from asset disposals and investment and financing activities were carried out in parallel. - FY2023-Q2Free cash flow positive, but net interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥119.0 billion.」
Free cash flow for the six months ended September was a cash inflow of ¥119.0 billion. Meanwhile, net interest-bearing debt after cash and cash equivalents increased by ¥92.6 billion from the end of the previous fiscal year to ¥2.3663 trillion. - FY2023-Q1Quarterly free cash flow positive, but interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥11.8 billion. Net interest-bearing debt after cash and cash equivalents (Note 1) was ¥2.4354 trillion, an increase of ¥161.7 billion from ¥2.2737 trillion at the end of the previous fiscal year.」
First-quarter free cash flow was a cash inflow of ¥11.8 billion, while net interest-bearing debt after cash and cash equivalents increased by ¥161.7 billion from the end of the previous fiscal year. The net D/E ratio was 0.7x, unchanged from the end of the previous fiscal year. - FY2022AdvancedAnnual report
「Net interest-bearing debt after cash and cash equivalents was ¥2.2737 trillion, a decrease of ¥26.7 billion from ¥2.3004 trillion at the end of the previous fiscal year. As a result, the net debt-to-equity ratio (net interest-bearing debt / total equity attributable to owners of the parent) was 0.7x.」
In fiscal 2021, net interest-bearing debt decreased by ¥26.7 billion, and the net D/E ratio declined from 0.9x to 0.7x. Free cash flow was also a cash inflow of ¥243.1 billion. - FY2022-Q3Free cash flow positive for the nine months ended December, but interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥25.9 billion.」
Free cash flow for the nine months ended December was a cash inflow of ¥25.9 billion, while net interest-bearing debt after cash and cash equivalents increased by ¥169.3 billion from the end of the previous fiscal year to ¥2.4697 trillion. - FY2022-Q2Free cash flow positive for the six months ended September, but interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥74.4 billion.」
Free cash flow for the six months ended September was a cash inflow of ¥74.4 billion, while net interest-bearing debt after cash and cash equivalents increased by ¥26.1 billion from the end of the previous fiscal year to ¥2.3265 trillion. - FY2022-Q1Quarterly free cash flow positive, but interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥50.3 billion. Net interest-bearing debt after cash and cash equivalents (Note 1) was ¥2.3304 trillion, an increase of ¥30.0 billion from ¥2.3004 trillion at the end of the previous fiscal year.」
First-quarter free cash flow was a cash inflow of ¥50.3 billion, while net interest-bearing debt after cash and cash equivalents increased by ¥30.0 billion from the end of the previous fiscal year to ¥2.3304 trillion. - FY2021AdvancedAnnual report
「Net interest-bearing debt after cash and cash equivalents decreased by ¥168.4 billion from the end of the previous fiscal year to ¥2.3004 trillion. As a result, the net debt-to-equity ratio (net interest-bearing debt / total equity attributable to owners of the parent) was 0.9x.」
Net interest-bearing debt at the end of the period decreased by ¥168.4 billion from the end of the previous fiscal year, and the net D/E ratio changed from 1.0x to 0.9x. Post-dividend free cash flow was also positive at ¥310 billion on a cumulative three-year basis. - FY2021-Q3AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥267.6 billion.」
Free cash flow for the nine months ended December was ¥267.6 billion, while net interest-bearing debt after cash and cash equivalents decreased by ¥150.6 billion from the end of the previous fiscal year to ¥2.3182 trillion. - FY2021-Q2AdvancedAnnual report
「Cash flow from investing activities was a cash outflow of ¥74.1 billion. Approximately ¥30 billion was recovered through asset replacement, including the sale of the US Marcellus shale gas business, while approximately ¥110 billion was invested and financed, including participation in railway operation and maintenance businesses in the Philippines and capital expenditures at SCSK. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥148.3 billion.」
For the six months ended September, free cash flow was positive at ¥148.3 billion, while net interest-bearing debt after cash and cash equivalents decreased by ¥81.5 billion from the end of the previous fiscal year to ¥2.3873 trillion. Improved from the first quarter's deficit and increase in debt. - FY2021-Q1First-quarter free cash flow negative and interest-bearing debt increasedAnnual report
「Cash flow from investing activities was a cash outflow of ¥53.2 billion. Approximately ¥10 billion was recovered through asset replacement, while approximately ¥50 billion was invested and financed, including participation in railway operation and maintenance businesses in the Philippines and in Brazil's FPSO (floating production, storage and offloading) ownership and chartering business. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash outflow of ¥6.4 billion. Net interest-bearing debt after cash and cash equivalents increased by ¥59.5 billion from the end of the previous fiscal year to ¥2.5283 trillion.」
Free cash flow was a cash outflow of ¥6.4 billion in the first quarter, and net interest-bearing debt after cash and cash equivalents also increased by ¥59.5 billion from the end of the previous fiscal year. - FY2020SoftenedAnnual report
「Post-dividend free cash flow was a cash outflow of approximately ¥30 billion in fiscal 2019, but cumulative post-dividend free cash flow for the two-year period under Medium-Term Management Plan 2020 was positive at approximately ¥100 billion.」
Cumulative post-dividend free cash flow for the two-year period under Medium-Term Management Plan 2020 remained positive at approximately ¥100 billion, below the initial target of at least ¥200 billion. Net interest-bearing debt after cash and cash equivalents also increased by ¥41.7 billion from the end of the previous fiscal year to ¥2.4688 trillion. - FY2020-Q3Free cash flow positive for the nine months ended December, but interest-bearing debt increasedAnnual report
「Cash flow from investing activities was a cash outflow of ¥177.4 billion. Approximately ¥80 billion was recovered through asset replacement, including the sale of a UK offshore wind power business and the conversion of an aircraft engine leasing business into a joint venture, while approximately ¥290 billion was invested and financed, including the acquisition of a Nordic parking business and US office buildings. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥9.9 billion.」
For the nine months ended December, approximately ¥80 billion was recovered through asset replacement and approximately ¥290 billion was invested and financed, resulting in free cash flow being a cash inflow of ¥9.9 billion. Meanwhile, net interest-bearing debt after cash and cash equivalents increased by ¥137.4 billion from the end of the previous fiscal year to ¥2.5645 trillion. - FY2020-Q2Free cash flow negative and interest-bearing debt increased for the six months ended SeptemberAnnual report
「Cash flow from investing activities was a cash outflow of ¥110.3 billion. Approximately ¥60 billion was recovered through asset replacement, including the sale of a UK offshore wind power business and the conversion of an aircraft engine leasing business into a joint venture, while approximately ¥200 billion was invested and financed, including the acquisition of a Nordic parking business and domestic real estate projects. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash outflow of ¥44.1 billion.」
For the six months ended September, approximately ¥60 billion was recovered through asset replacement and approximately ¥200 billion was invested and financed, resulting in free cash flow being a cash outflow of ¥44.1 billion. Net interest-bearing debt after cash and cash equivalents also increased by ¥108.3 billion from the end of the previous fiscal year to ¥2.5354 trillion. - FY2020-Q1Quarterly free cash flow negative and interest-bearing debt increasedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash outflow of ¥40.4 billion.」
Free cash flow was a cash outflow of ¥40.4 billion in the first quarter, while net interest-bearing debt after cash and cash equivalents increased by ¥79.1 billion from the end of the previous fiscal year to ¥2.5062 trillion. - FY2019AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥217.6 billion.」
Free cash flow for the period was ¥217.6 billion, while net interest-bearing debt after cash and cash equivalents decreased by ¥94.4 billion from the end of the previous fiscal year to ¥2.4271 trillion. - FY2019-Q3AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥88.0 billion. Net interest-bearing debt after cash and cash equivalents decreased by ¥3.1 billion from the end of the previous fiscal year to ¥2.5184 trillion.」
Secured free cash flow of ¥88.0 billion for the nine months ended December and reduced net interest-bearing debt after cash and cash equivalents by ¥3.1 billion from the end of the previous fiscal year. - FY2019-Q2AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥75.3 billion. Net interest-bearing debt after cash and cash equivalents decreased by ¥23.4 billion from the end of the previous fiscal year to ¥2.4981 trillion.」
Secured free cash flow of ¥75.3 billion for the six months ended September and reduced net interest-bearing debt after cash and cash equivalents by ¥23.4 billion from the end of the previous fiscal year. Improved from the first quarter's deficit and increase in debt. - FY2019-Q1Quarterly free cash flow negative and interest-bearing debt increasedAnnual report
「Cash flow from investing activities was a cash inflow of ¥11.4 billion. Approximately ¥70 billion was invested and financed, including participation in India's specialty steel business and Peru's gold and copper mining business, while approximately ¥80 billion was recovered through asset replacement, including the restructuring of the US tire business and the sale of policy-held shares. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash outflow of ¥30.9 billion.」
Free cash flow was a cash outflow of ¥30.9 billion in the first quarter, while net interest-bearing debt after cash and cash equivalents increased by ¥87.6 billion from the end of the previous fiscal year to ¥2.6091 trillion. - FY2018AchievedAnnual report
「Actual post-dividend free cash flow for the three-year covered period of BBBO2017 was ¥627.9 billion.」
Achieved ¥627.9 billion against BBBO2017's target of at least ¥500 billion in post-dividend free cash flow. Net interest-bearing debt after cash and cash equivalents also decreased by ¥106.4 billion from the end of the previous fiscal year to ¥2.5215 trillion. - FY2018-Q3AdvancedAnnual report
「Cash flow from investing activities was a cash outflow of ¥78.7 billion. Approximately ¥130 billion was recovered through asset replacement, including the sale of the European automotive finance business and the partial sale of office buildings in the United States, while approximately ¥190 billion was invested and financed, including participation in Brazil's water business and additional investment in Myanmar's telecommunications business. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥83.7 billion.」
Recovered approximately ¥130 billion through asset replacement during the nine months ended December and secured free cash flow of ¥83.7 billion. Net interest-bearing debt after cash and cash equivalents decreased by ¥13.2 billion from the end of the previous fiscal year to ¥2.6146 trillion. - FY2018-Q2AdvancedAnnual report
「Cash flow from investing activities was a cash outflow of ¥29.0 billion. Approximately ¥120 billion was recovered through asset replacement, including the sale of the European automotive finance business and the partial sale of office buildings in the United States, while approximately ¥140 billion was invested and financed, including participation in Brazil's water business and investments in Myanmar's telecommunications business. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥21.1 billion. Net interest-bearing debt after cash and cash equivalents was flat from the end of the previous fiscal year at ¥2.6269 trillion.」
As a result of recovering approximately ¥120 billion through asset replacement and investing and financing approximately ¥140 billion, free cash flow for the six months ended September was a cash inflow of ¥21.1 billion. Interest-bearing debt was flat from the end of the previous fiscal year, with no progress in reducing it during the period. - FY2018-Q1Asset replacement implemented, but quarterly free cash flow negative and interest-bearing debt increasedAnnual report
「Cash flow from investing activities was a cash outflow of ¥37.9 billion. Approximately ¥50 billion was recovered through asset replacement, including the partial sale of office buildings in the United States, while approximately ¥70 billion was invested and financed, including participation in Brazil's water business and the acquisition of shares in Sumitomo Precision Products. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash outflow of ¥45.8 billion.」
While approximately ¥50 billion was recovered through asset replacement, investment and financing amounted to approximately ¥70 billion, resulting in first-quarter free cash flow being a cash outflow of ¥45.8 billion. Net interest-bearing debt after cash and cash equivalents also increased by ¥69.0 billion from the end of the previous fiscal year. - FY2017AdvancedAnnual report
「Cash flow from investing activities was a cash outflow of ¥180.7 billion. Approximately ¥180 billion was recovered through asset replacement, including the sale of interests in the Batu Hijau copper and gold mine in Indonesia and the sale of Sokkatsu Drug, while approximately ¥340 billion was invested and financed, including the acquisition of Irish fresh produce producer and wholesaler Fyffes and the acquisition of office buildings in the United States. As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥165.1 billion.」
Recovered approximately ¥180 billion through asset replacement during the period and secured free cash flow of ¥165.1 billion. Net interest-bearing debt after cash and cash equivalents decreased by ¥142.4 billion from the end of the previous fiscal year to ¥2.6279 trillion. - FY2017-Q3AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥170.6 billion, compared with a cash inflow of ¥258.1 billion in the same period of the previous year.」
Secured free cash flow of ¥170.6 billion for the nine months ended December. Net interest-bearing debt after cash and cash equivalents decreased by ¥146.3 billion from the end of the previous fiscal year to ¥2.6240 trillion. - FY2017-Q2AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥148.5 billion, compared with a cash inflow of ¥107.3 billion in the same period of the previous year.」
Secured free cash flow of ¥148.5 billion for the six months ended September. Net interest-bearing debt after cash and cash equivalents decreased by ¥214.6 billion from the end of the previous fiscal year to ¥2.5557 trillion. - FY2017-Q1AdvancedAnnual report
「As a result, free cash flow, comprising cash flow from operating activities plus cash flow from investing activities, was a cash inflow of ¥70.7 billion, compared with a cash inflow of ¥106.9 billion in the same period of the previous year. Net interest-bearing debt after cash and cash equivalents decreased by ¥101.0 billion from the end of the previous fiscal year to ¥2.6693 trillion.」
Secured free cash flow of ¥70.7 billion in the first quarter and reduced net interest-bearing debt by ¥101.0 billion from the end of the previous fiscal year. - FY2016First statedAnnual report
「During the period of BBBO2017, we revised the plan to secure cumulative post-dividend free cash flow of ¥500 billion over three years and use the funds recovered to repay interest-bearing debt.」
The plan was made more specific, changing from the initial target of securing positive post-dividend free cash flow on a cumulative three-year basis to securing ¥500 billion. In fiscal 2015, post-dividend free cash flow was positive at ¥451.9 billion, while approximately ¥230 billion was recovered through asset replacement.