Maintaining financial stability and applying greater discipline to investment decisions
First written in FY2016. 8 of 36 entries say "Restated". Latest entry: FY2026.
Shinki Bus moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
7 other companies' latest entry also says "Other".
- FY2026Capital investment, borrowings and increase in interest-bearing debtAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥6,399 million, up ¥2,838 million from the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥2,838 million year on year to ¥6,399 million as capital investment expanded. Investing activities used ¥7,165 million, and free cash flow was negative ¥2,371 million. - FY2026-H1Capital investment increased and borrowings decreasedAnnual report
「Cash flows from investing activities resulted in an outflow of ¥3,078 million, including ¥2,821 million for the acquisition of property, plant and equipment, compared with an outflow of ¥781 million in the same period of the previous year.」
Spending on the acquisition of property, plant and equipment increased from ¥521 million in the same period of the previous year to ¥2,821 million. Meanwhile, borrowings decreased by ¥361 million and liabilities by ¥84 million. - FY2025-H1AdvancedAnnual report
「Liabilities decreased by ¥245 million from the end of the previous consolidated fiscal year to ¥15,433 million. The main changes were a ¥407 million decrease in other non-current liabilities, a ¥405 million decrease in accounts payable and other liabilities, a ¥293 million decrease in borrowings, and a ¥658 million increase in other current liabilities. Net assets increased by ¥132 million from the end of the previous consolidated fiscal year to ¥47,525 million, mainly due to a ¥285 million increase in retained earnings and a ¥153 million decrease in valuation difference on available-for-sale securities. The equity ratio was 75.5%.」
At the end of the first half, borrowings decreased by ¥293 million and total liabilities by ¥245 million. Net assets increased by ¥132 million, and the equity ratio was 75.5%. - FY2024-Q3AdvancedAnnual report
「Liabilities decreased by ¥856 million from the end of the previous consolidated fiscal year to ¥14,863 million. The main changes were a ¥716 million decrease in borrowings, a ¥596 million decrease in accrued corporate income taxes and other taxes, a ¥402 million decrease in accrued bonuses, and an ¥870 million increase in accounts payable and other liabilities. Net assets increased by ¥156 million from the end of the previous consolidated fiscal year to ¥45,064 million, mainly due to an increase of ¥144 million in retained earnings. The equity ratio was 75.2%.」
Liabilities, including borrowings of ¥716 million, decreased by ¥856 million. Net assets increased by ¥156 million, and the equity ratio rose from 74.1% at the end of the previous fiscal year to 75.2%. - FY2024-Q2AdvancedAnnual report
「Liabilities decreased by ¥405 million from the end of the previous consolidated fiscal year to ¥15,314 million. The main changes were a ¥522 million decrease in borrowings, a ¥476 million decrease in accrued corporate income taxes and other taxes, a ¥235 million increase in notes and accounts payable—trade, and a ¥186 million increase in accrued bonuses. Net assets increased by ¥13 million from the end of the previous consolidated fiscal year to ¥44,920 million, mainly due to a ¥141 million increase in valuation difference on available-for-sale securities and a ¥125 million decrease in retained earnings. The equity ratio was 74.6%.」
Borrowings decreased by ¥522 million and liabilities by ¥405 million. Net assets increased by ¥13 million, and the equity ratio rose to 74.6%. - FY2024-Q1Borrowings decreased and the equity ratio roseAnnual report
「Liabilities decreased by ¥291 million from the end of the previous consolidated fiscal year to ¥15,428 million. The main changes were a ¥1,419 million increase in other current liabilities, a ¥571 million decrease in accrued corporate income taxes and other taxes, a ¥540 million decrease in accrued bonuses, a ¥300 million decrease in accounts payable and other liabilities, and a ¥307 million decrease in borrowings. Net assets decreased by ¥64 million from the end of the previous consolidated fiscal year to ¥44,843 million, mainly due to a ¥59 million increase in valuation difference on available-for-sale securities and a ¥112 million decrease in retained earnings. The equity ratio was 74.4%.」
Borrowings decreased by ¥307 million, and the equity ratio rose from 74.1% at the end of the previous consolidated fiscal year to 74.4%. - FY2023AdvancedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥3,011 million, down ¥1,193 million from the previous consolidated fiscal year.」
Interest-bearing debt decreased to ¥3,011 million, down ¥1,193 million year on year. The equity ratio also rose to 74.1%. - FY2023-Q3Borrowings and liabilities decreased, while the equity ratio roseAnnual report
「Liabilities decreased by ¥718 million from the end of the previous consolidated fiscal year to ¥15,226 million. The main changes were a ¥706 million decrease in borrowings, a ¥417 million decrease in accrued corporate income taxes and other taxes, a ¥287 million decrease in accrued bonuses, a ¥572 million increase in accounts payable and other liabilities, and a ¥139 million increase in notes and accounts payable—trade. Net assets decreased by ¥87 million from the end of the previous consolidated fiscal year to ¥42,912 million, mainly due to a ¥37 million decrease in the accumulated adjustment for retirement benefits and a ¥29 million decrease in retained earnings. The equity ratio was 73.8%.」
Liabilities decreased by ¥718 million and borrowings by ¥706 million. Net assets decreased by ¥87 million, while the equity ratio was 73.8%. - FY2023-Q2Liabilities and borrowings decreased, while the equity ratio roseAnnual report
「Liabilities decreased by ¥550 million from the end of the previous consolidated fiscal year to ¥15,394 million. The main changes were a ¥399 million decrease in borrowings, a ¥350 million decrease in accrued corporate income taxes and other taxes, a ¥226 million decrease in accounts payable and other liabilities, a ¥191 million increase in accrued bonuses, and a ¥180 million increase in other current liabilities. Net assets decreased by ¥213 million from the end of the previous consolidated fiscal year to ¥42,785 million, mainly due to a ¥169 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter, a ¥25 million decrease in the accumulated adjustment for retirement benefits, and a ¥15 million decrease in valuation difference on available-for-sale securities. The equity ratio was 73.5%.」
Liabilities, including borrowings, decreased by ¥550 million, and borrowings decreased by ¥399 million. Net assets decreased by ¥213 million, while the equity ratio was 73.5%. - FY2023-Q1Liabilities edged up and net assets declinedAnnual report
「Liabilities increased by ¥40 million from the end of the previous consolidated fiscal year to ¥15,985 million. Net assets decreased by ¥100 million from the end of the previous consolidated fiscal year to ¥42,898 million, mainly due to a ¥59 million decrease in valuation difference on available-for-sale securities and a ¥23 million decrease in retained earnings. The equity ratio was 72.8%.」
At the end of the first quarter, liabilities increased by ¥40 million and net assets decreased by ¥100 million. The equity ratio was 72.8%. - FY2022-Q3Both liabilities and net assets declinedAnnual report
「Liabilities decreased by ¥496 million from the end of the previous consolidated fiscal year to ¥15,574 million. The main changes were a ¥469 million decrease in accrued bonuses, a ¥257 million decrease in lease liabilities, and a ¥229 million increase in accounts payable and other liabilities. Net assets decreased by ¥832 million from the end of the previous consolidated fiscal year to ¥40,239 million, mainly due to a ¥704 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter and a ¥90 million decrease in valuation difference on available-for-sale securities. The equity ratio was 72.1%.」
Liabilities decreased by ¥496 million, while net assets declined by ¥832 million due to the quarterly net loss and other factors. The equity ratio rose from 71.8% at the end of the previous fiscal year to 72.1%. - FY2022-Q2Liabilities and borrowings decreased, as did net assetsAnnual report
「Liabilities decreased by ¥1,126 million from the end of the previous consolidated fiscal year to ¥14,944 million. The main changes were a ¥542 million decrease in accounts payable and other liabilities, a ¥318 million decrease in borrowings, a ¥184 million decrease in deferred tax liabilities, and a ¥180 million decrease in lease liabilities. Net assets decreased by ¥1,103 million from the end of the previous consolidated fiscal year to ¥39,968 million, mainly due to a ¥1,140 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter, a ¥21 million decrease in the accumulated adjustment for retirement benefits, and a ¥59 million increase in valuation difference on available-for-sale securities. The equity ratio was 72.8%.」
Liabilities and borrowings decreased from the end of the previous fiscal year, when borrowings had increased during the COVID-19 pandemic. Meanwhile, net assets decreased by ¥1,103 million due to the quarterly net loss and other factors, and the equity ratio was 72.8%. - FY2022-Q1Borrowings decreased and net assets declinedAnnual report
「Liabilities decreased by ¥474 million from the end of the previous consolidated fiscal year to ¥15,597 million. The main changes were a ¥619 million decrease in accounts payable and other liabilities, a ¥161 million decrease in borrowings, a ¥127 million decrease in notes and accounts payable—trade, a ¥106 million decrease in accrued corporate income taxes and other taxes, and a ¥512 million increase in accrued bonuses. Net assets decreased by ¥770 million from the end of the previous consolidated fiscal year to ¥40,301 million, mainly due to a ¥737 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter and a ¥19 million decrease in valuation difference on available-for-sale securities. The equity ratio was 72.1%.」
Liabilities, including borrowings, decreased, while net assets declined by ¥770 million due to the quarterly net loss and other factors. The equity ratio rose from 71.8% at the end of the previous fiscal year to 72.1%. - FY2021Borrowings increased and net assets declined over the full fiscal yearAnnual report
「Liabilities increased by ¥2,945 million from the end of the previous consolidated fiscal year to ¥16,071 million. The main changes were a ¥3,802 million increase in borrowings to expand cash on hand during the COVID-19 pandemic, a ¥527 million decrease in accrued corporate income taxes and other taxes, and a ¥186 million decrease in accrued consumption taxes and other taxes. Net assets decreased by ¥2,089 million from the end of the previous consolidated fiscal year to ¥41,071 million, mainly due to a ¥2,272 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the year and a ¥187 million increase in the accumulated adjustment for retirement benefits. The equity ratio was 71.8%.」
Borrowings related to the infectious disease response reached ¥3,802 million for the full fiscal year, while net assets decreased by ¥2,089 million and the equity ratio was 71.8%. - FY2021-Q3Borrowings increased and net assets continued to declineAnnual report
「Liabilities increased by ¥676 million from the end of the previous consolidated fiscal year to ¥13,801 million. The main changes were a ¥2,615 million increase in borrowings to expand cash on hand during the COVID-19 pandemic, a ¥633 million decrease in deferred tax liabilities, a ¥605 million decrease in accrued corporate income taxes and other taxes, and a ¥602 million decrease in accrued bonuses. Net assets decreased by ¥2,903 million from the end of the previous consolidated fiscal year to ¥40,258 million, mainly due to a ¥2,734 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter and a ¥149 million decrease in valuation difference on available-for-sale securities. The equity ratio was 74.4%.」
Borrowings increased by ¥2,615 million to expand cash on hand, while net assets decreased by ¥2,903 million. - FY2021-Q2Borrowings increased and net assets declinedAnnual report
「Liabilities increased by ¥1,459 million from the end of the previous consolidated fiscal year to ¥14,584 million. The main changes were a ¥2,477 million increase in borrowings to expand cash on hand during the COVID-19 pandemic, a ¥228 million increase in lease liabilities, a ¥188 million increase in accrued bonuses, a ¥565 million decrease in accounts payable and other liabilities, a ¥507 million decrease in accrued corporate income taxes and other taxes, and a ¥495 million decrease in deferred tax liabilities. Net assets decreased by ¥2,689 million from the end of the previous consolidated fiscal year to ¥40,472 million, mainly due to a ¥2,707 million decrease in retained earnings resulting from the recognition of net loss attributable to owners of the parent for the quarter, a ¥10 million decrease in the accumulated adjustment for retirement benefits, and a ¥29 million increase in valuation difference on available-for-sale securities. The equity ratio was 73.5%.」
Borrowings increased by ¥2,477 million to expand cash on hand during the COVID-19 pandemic, while net assets decreased by ¥2,689 million and the equity ratio was 73.5%. - FY2021-Q1Increase in borrowings and decrease in net assetsAnnual report
「Liabilities increased by ¥1,252 million from the end of the previous consolidated fiscal year to ¥14,377 million. The main changes included a ¥2,015 million increase in borrowings, a ¥641 million increase in accrued bonuses, a ¥618 million decrease in corporate taxes payable and other liabilities, a ¥609 million decrease in accounts payable, and a ¥141 million decrease in notes and accounts payable. Net assets decreased by ¥1,797 million from the end of the previous consolidated fiscal year to ¥41,364 million, due mainly to a ¥1,874 million decrease in retained earnings resulting from the recording of a quarterly net loss attributable to owners of the parent and other factors, and an ¥87 million increase in the valuation difference on other securities. The equity ratio was 74.2%.」
Borrowings increased by ¥2,015 million during the response to the infectious disease, while net assets decreased by ¥1,797 million. The equity ratio declined from 76.63% at the end of the previous fiscal year to 74.2%. - FY2020Borrowings obtained in response to the pandemicAnnual report
「With no clear indication of when the novel coronavirus outbreak will subside, we borrowed ¥2,000 million in May 2020 to build up cash on hand and avoid an unforeseen liquidity shortfall. Although we plan to restrain and reduce non-essential capital investment and expenses, we also plan to invest with a view to the future, and therefore expect the balance of interest-bearing debt at the end of the consolidated fiscal year ending March 2021 to increase substantially from the end of the current consolidated fiscal year.」
While maintaining its commitment to financial stability, the company borrowed ¥2 billion to secure cash on hand in preparation for the COVID-19 pandemic and expects interest-bearing debt to increase in the following fiscal year. - FY2020-Q3Net assets increased; equity ratio edged downAnnual report
「Net assets increased by ¥793 million from the end of the previous consolidated fiscal year to ¥43,708 million, due mainly to a ¥582 million increase in retained earnings from the recording of quarterly net income attributable to owners of the parent and other factors, and a ¥256 million increase in the valuation difference on other securities. The equity ratio was 75.5%.」
Net assets increased by ¥793 million, while the equity ratio was 75.5%. - FY2020-Q2Increase in Net Assets and Higher Equity RatioAnnual report
「Net assets increased by ¥409 million from the end of the previous consolidated fiscal year to ¥43,325 million, due mainly to a ¥312 million increase in retained earnings from the recording of quarterly net income attributable to owners of the parent and other factors, and a ¥127 million increase in the valuation difference on other securities. The equity ratio was 75.6%.」
Net assets increased by ¥409 million, while the equity ratio was 75.6%. Borrowings decreased by ¥150 million. - FY2020-Q1Increase in assets and liabilities and decline in equity ratioAnnual report
「Net assets increased by ¥50 million from the end of the previous consolidated fiscal year to ¥42,965 million, due mainly to a ¥35 million increase in retained earnings from the recording of quarterly net income attributable to owners of the parent and other factors, and a ¥30 million increase in the valuation difference on other securities. The equity ratio was 74.4%.」
Although net assets increased, the equity ratio was 74.4%. Total assets and liabilities also increased from the end of the previous consolidated fiscal year. - FY2019Borrowings expected to increase with expanded investmentAnnual report
「Under the new 3-year medium-term management plan beginning in fiscal 2019, the company plans total investment of ¥20,000 million, including ¥9,000 million for vehicle replacements and new depots in the automobile transportation business and ¥5,000 million for the acquisition of income-producing properties and renovation investment in the real estate business, among other investments. This is an increase of ¥5,000 million from the Eighth Medium-Term Plan, and borrowings from financial institutions are expected to increase.」
Under the new medium-term plan, the company plans total investment of ¥20,000 million, with a focus on vehicle replacements, new depot construction and the acquisition of income-producing properties, while indicating that borrowings are expected to increase. - FY2019-Q3RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2019-Q2AdvancedAnnual report
「Net assets decreased by ¥340 million from the end of the previous consolidated fiscal year to ¥41,762 million, due mainly to a ¥102 million increase in retained earnings from the recording of quarterly net income attributable to owners of the parent and other factors, and a ¥418 million decrease in the valuation difference on other securities. The equity ratio was 74.3%.」
Although net assets decreased, the equity ratio was 74.3%. This records the company's financial stability for the quarter. - FY2019-Q1RestatedAnnual report
「Although net income for the quarter attributable to owners of the parent increased retained earnings by ¥70 million, net assets decreased by ¥358 million from the end of the previous consolidated fiscal year to ¥41,743 million, due mainly to a ¥120 million decrease in retained earnings from dividend payments and a ¥296 million decrease in the valuation difference on other securities. The equity ratio was 73.3%.」
Net assets decreased due to dividend payments and the decrease in the valuation difference on other securities, while the equity ratio was 73.3%. - FY2018AdvancedAnnual report
「Liabilities increased by ¥556 million from the end of the previous consolidated fiscal year to ¥15,528 million. The main changes included a ¥427 million increase in accounts payable, a ¥204 million increase in consumption taxes payable and other liabilities, and a ¥275 million decrease in borrowings. Net assets increased by ¥1,488 million from the end of the previous consolidated fiscal year to ¥42,102 million, mainly due to a ¥1,383 million increase in retained earnings from net income attributable to owners of the parent and an ¥88 million increase in the valuation difference on other securities. The equity ratio was 73.0%.」
Although total liabilities increased, borrowings decreased by ¥275 million, net assets increased by ¥1,488 million, and the equity ratio was 73.0% for the fiscal year. - FY2018-Q3RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2018-Q2RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2018-Q1RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2017AdvancedAnnual report
「Liabilities decreased by ¥893 million from the end of the previous consolidated fiscal year to ¥14,971 million. The main changes included a ¥521 million decrease in borrowings and a ¥383 million decrease in consumption taxes payable and other liabilities.」
The company cites the decrease in borrowings and the resulting 73.0% equity ratio as evidence of financial stability. - FY2017-Q3RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2017-Q2RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
The company has reaffirmed its intention to stabilise its financial position and management base by increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings through the sale or utilisation of non-essential assets. - FY2017-Q1RestatedAnnual report
「Through increasing revenue and ordinary profit, selecting and concentrating on businesses, and reducing borrowings by selling or utilising non-essential assets, we will strengthen the stability of our highly public-oriented business operations and management base, thereby working to enhance corporate value and secure and improve the common interests of shareholders.」
To strengthen the stability of its management base, the company indicates that it will select and concentrate on businesses and reduce borrowings by selling or utilising non-essential assets. - FY2016First statedAnnual report
「Financially, the company is maintaining financial stability and applying greater discipline to investment decisions,」
While pursuing capital investment and growth investment, the company says it will maintain financial stability and discipline in its investment decisions.