Asset Reduction and Efficiency Improvements, and Use of Free Cash Flow
First written in FY2016. 7 of 22 entries say "Restated". Latest entry: 2026-07-31.
- 2026-07-31AdvancedM&A and Subsidiary Changes
「We will carry out a property transfer through a simplified absorption-type company split to improve the profitability of the warehouse business and enhance the efficiency of logistics assets.」
The Company resolved to transfer the leases for warehouses used in its logistics business to a wholly owned subsidiary through a company split and also presented plans to transfer Company-owned properties. Its asset efficiency policy has progressed to the implementation stage. - FY2026ReframedAnnual report
「Medium-Term Management Plan 2026, whose final year is the fiscal year ending March 2027, sets out the goal of achieving sustainable growth and maximizing corporate value while emphasizing capital efficiency. The company plans to allocate ¥145 billion, comprising ¥107 billion in operating cash flow expected to be generated by the fiscal year ending March 2027 and ¥38 billion from the sale of cross-held shares, the use of debt, and other sources, with ¥80 billion allocated to growth investments such as systems, human resources, and M&A, and ¥65 billion to shareholder returns.」
The company revised its funding allocation plan to ¥145 billion, funded by ¥107 billion in operating cash flow and other sources, and reorganized the plan to allocate ¥80 billion to growth investments and ¥65 billion to shareholder returns. - FY2026-H1RestatedAnnual report
「The company plans to allocate ¥140 billion, comprising ¥102 billion in operating cash flow expected to be generated over the two years through the fiscal year ending March 2027 and ¥38 billion from the sale of cross-held shares, the use of debt, and other sources, with ¥75 billion allocated to growth investments such as the development of high-function logistics centers overseas, measures to raise awareness of the group, and M&A, and ¥65 billion to shareholder returns.」
The company reconfirmed its plan announced for FY2025 to allocate ¥140 billion over the two years through the fiscal year ending March 2027, with ¥75 billion for growth investments and ¥65 billion for shareholder returns. - FY2025ReframedAnnual report
「The company plans to allocate ¥140 billion, comprising ¥102 billion in operating cash flow expected to be generated over the two years through the fiscal year ending March 2027 and ¥38 billion from the sale of cross-held shares, the use of debt, and other sources, with ¥75 billion allocated to growth investments such as the development of high-function logistics centers overseas, measures to raise awareness of the group, and M&A, and ¥65 billion to shareholder returns.」
The company has made its previous four-year funding allocation more specific by establishing a ¥140 billion allocation plan for the two years through the fiscal year ending March 2027, funded by operating cash flow, the sale of cross-held shares, and the use of debt. - FY2025-H1Higher first-half operating cash flow and increased investment expendituresAnnual report
「Cash provided by operating activities during the interim consolidated period was ¥5.923 billion. Compared with the previous interim consolidated period, cash inflows increased by ¥2.854 billion, despite increases in trade receivables and contract assets due to progress on large-scale projects such as SDM, mainly because payments of income taxes and consumption tax declined and trade payables increased.」
First-half cash flow from operating activities was ¥5.923 billion, up ¥2.854 billion year on year. Meanwhile, cash used in investing activities was ¥8.314 billion, mainly due to the reconstruction of overseas warehouses and other projects. - FY2024-Q2ReframedAnnual report
「The company plans to allocate ¥240 billion, comprising ¥180 billion in operating cash flow expected to be generated over the four years of Medium-Term Management Plan 2026 and ¥60 billion from the use of debt, with ¥160 billion allocated to growth investments and ¥80 billion to shareholder returns.」
The company has made its previous explanations regarding the use of free cash flow and debt reduction more specific by setting out a four-year ¥240 billion funding allocation plan combining operating cash flow and debt. - FY2023Lower free cash flow and higher interest-bearing debtAnnual report
「Free cash flow during the fiscal year decreased by ¥12.010 billion from the previous fiscal year to ¥16.743 billion. Using this free cash flow and long-term borrowings from financial institutions to fund financial expenditures, including repayments of long- and short-term borrowings and redemptions of straight bonds, interest-bearing debt excluding lease obligations stood at ¥49.226 billion at the end of the fiscal year, up ¥3.539 billion from the end of the previous fiscal year.」
While continuing its policy of improving asset and funding efficiency, the company saw FY2023 free cash flow decline to ¥16.743 billion and interest-bearing debt increase by ¥3.539 billion from the end of the previous fiscal year. - FY2023-Q2Higher first-half free cash flow and higher interest-bearing debtAnnual report
「Free cash flow for the six-month period ended increased by ¥4.581 billion from the same period of the previous year to ¥10.959 billion. While this free cash flow was used mainly to fund financial expenditures, including bond redemptions, the company raised funds through a social loan at the end of September to accelerate payments to partner companies. As a result, interest-bearing debt excluding lease obligations stood at ¥46.891 billion at the end of the second quarter, up ¥1.204 billion from the end of the previous fiscal year, while the D/E ratio remained at 0.18 times, the same level as at the end of the previous fiscal year.」
First-half free cash flow increased by ¥4.581 billion year on year to ¥10.959 billion, while interest-bearing debt increased by ¥1.204 billion from the end of the previous fiscal year due to funds raised through a social loan and other sources. - FY2022AdvancedAnnual report
「Free cash flow during the fiscal year increased by ¥1.907 billion from the previous fiscal year to ¥28.753 billion. Using this free cash flow to fund financial expenditures, including share repurchases and repayments of long-term borrowings, interest-bearing debt excluding lease obligations stood at ¥45.686 billion at the end of the fiscal year, down ¥1.382 billion from the end of the previous fiscal year, while the D/E ratio improved by 0.01 times to 0.19 times.」
Free cash flow increased to ¥28.753 billion, and as a result of using it for share repurchases and repayments of long-term borrowings, interest-bearing debt and the D/E ratio improved. - FY2022-Q2Lower free cash flow and higher interest-bearing debtAnnual report
「During the six-month period ended, free cash flow decreased by ¥14.554 billion from the same period of the previous year but remained positive at ¥6.377 billion, mainly because the decrease in trade receivables narrowed. After using this free cash flow and commercial paper issuance as the main sources of funds to cover financial expenditures, including repayments of long- and short-term borrowings, interest-bearing debt excluding lease obligations stood at ¥54.530 billion at the end of the second quarter, up ¥7.461 billion from the end of the previous fiscal year, while the D/E ratio remained at 0.23 times, the same level as at the end of the previous fiscal year.」
First-half free cash flow remained positive at ¥6.377 billion, although it decreased by ¥14.554 billion year on year, while interest-bearing debt increased by ¥7.461 billion from the end of the previous fiscal year. - FY2021Continued growth in free cash flow and improvements in asset and funding efficiencyAnnual report
「During the fiscal year, free cash flow increased by ¥201 million from the previous fiscal year to ¥9.746 billion, despite a negative impact on operating cash flow from business earnings, mainly because payments for income taxes, consumption tax, and other taxes declined substantially.」
Free cash flow was ¥9.746 billion, up ¥201 million from the previous year. The company has continued its policy of consolidating and selling assets and making effective use of free cash flow. - FY2021-Q3AdvancedAnnual report
「SANKYU INC. Osaka Nanko Logistics Center (Suminoe-ku, Osaka) Logistics business Seven-story steel and reinforced-concrete structure Building area: 24,774㎡ Land area: 13,409㎡ Sale date: October 2020」
The company reports the sale in October 2020 of the Osaka Nanko Logistics Center, a logistics facility with a building area of 24,774㎡ and a land area of 13,409㎡. This is a specific example of an asset sale related to the theme of reducing assets through their consolidation and sale. - FY2021-Q2Operating cash flow and cash balance increaseAnnual report
「Cash provided by operating activities during the six-month period ended was ¥30.374 billion. Compared with the same period of the previous year, cash inflows increased by ¥25.937 billion, mainly due to a decrease in trade receivables and lower payments for income taxes and consumption tax.」
Cash flow from operating activities was ¥30.374 billion in the first half, up ¥25.937 billion year on year, mainly due to a decrease in trade receivables and other factors. Cash and cash equivalents also increased by ¥1.148 billion from the end of the previous fiscal year to ¥3.5704 billion. - FY2020Lower free cash flow and higher interest-bearing debtAnnual report
「During the fiscal year, free cash flow decreased by ¥30.230 billion from the previous fiscal year to ¥9.544 billion, mainly due to higher trade receivables associated with strong performance and increased payments for income taxes and other taxes and investment expenditures. As this decline in free cash flow was funded through long-term borrowings and other sources, interest-bearing debt excluding lease obligations stood at ¥41.902 billion at the end of the fiscal year, up ¥1.910 billion from the end of the previous fiscal year.」
While continuing its policy of reducing assets and making effective use of free cash flow, the company saw free cash flow decline to ¥9.544 billion during the period, and interest-bearing debt increase by ¥1.910 billion from the end of the previous fiscal year through funds raised through long-term borrowings and other sources. - FY2020-Q2RestatedAnnual report
「With respect to liquidity on hand, including cash and cash equivalents, we are working to reduce it as much as possible and improve funding efficiency.」
The company has continued its policy of reducing liquidity on hand as much as possible to improve funding efficiency. - FY2019AdvancedAnnual report
「During the fiscal year, free cash flow increased by ¥27.750 billion from the previous fiscal year to ¥39.774 billion, due to higher operating receipts backed by strong performance and lower investment expenditures compared with the previous fiscal year. Using this ample free cash flow, the company reduced interest-bearing debt, including the redemption of domestic unsecured straight bonds. As a result, interest-bearing debt excluding lease obligations stood at ¥39.991 billion at the end of the fiscal year, down ¥20.339 billion from the end of the previous fiscal year, while the D/E ratio improved by 0.14 times to 0.20 times.」
The company generated free cash flow of ¥39.774 billion and used it to reduce interest-bearing debt, including bond redemptions. Efforts to improve asset and funding efficiency are reflected in the financial figures. - FY2019-Q3RestatedAnnual report
「With respect to liquidity on hand, including cash and cash equivalents, we are working to reduce it as much as possible and improve funding efficiency.」
The company has continued its policy of reducing liquidity on hand as much as possible to improve funding efficiency. - FY2019-Q2RestatedAnnual report
「With respect to liquidity on hand, including cash and cash equivalents, we are working to reduce it as much as possible and improve funding efficiency.」
The company has continued to state its policy of reducing cash on hand as much as possible to improve funding efficiency. - FY2019-Q1RestatedAnnual report
「With respect to liquidity on hand, including cash and cash equivalents, we are working to reduce it as much as possible and improve funding efficiency.」
The company has continued to state its policy of reducing cash on hand as much as possible to improve funding efficiency. - FY2018-Q2RestatedAnnual report
「Against this economic backdrop, in its logistics business the group promoted the selection and concentration of operations at its domestic and overseas subsidiaries and improved the utilization rates of business assets. In its plant engineering business, it expanded its mobilization capacity and construction scope in Japan and overseas and worked to improve construction efficiency and cost ratios.」
The group has continued to select and concentrate on businesses in the Logistics business and improve the utilization of operating assets. - FY2017RestatedAnnual report
「As it selects and concentrates on its businesses and promotes the effective use of free cash flow, the group is reducing assets through the consolidation and sale of idle and underutilized assets, while focusing investment on advancing 3PL and 3PM (comprehensive maintenance) and on priority businesses related to emerging markets.」
The group has continued to reduce assets, make effective use of free cash flow, and concentrate investment in 3PL, 3PM, and emerging-market businesses. - FY2016First statedAnnual report
「As part of management structural reform, our consolidated group is working to reduce and improve the efficiency of its assets. As it selects and concentrates on its businesses and promotes the effective use of free cash flow, it is reducing assets through the consolidation and sale of idle and underutilized assets, while concentrating investment on 3PL, 3PM (comprehensive maintenance), and priority businesses related to emerging markets.」
Selection and concentration of businesses, consolidation and sale of idle and underutilized assets, and concentrated investment in 3PL, 3PM, and emerging-market businesses are being pursued as integrated capital allocation measures.