Enhancing corporate value by prioritizing cash flow and improving ROE
First written in FY2017. 17 of 29 entries say "Advanced", first in FY2018. Latest entry: FY2027-H1.
2 other companies' latest entry also says "Other".
- FY2027-H1Higher operating cash flow and higher cash balanceAnnual report
「Cash flows from operating activities amounted to income of ¥3,676.9 million (income of ¥452.5 million in the same period of the previous year).」
Cash flow from operating activities increased from ¥4.525 billion in the same period of the previous year to ¥36.769 billion, while cash and cash equivalents also increased ¥32.89 billion from the end of the previous fiscal year to ¥135.723 billion. - FY2026Decline in ROE and net cashAnnual report
「At the end of the fiscal year, the equity ratio was 78.8% (up 6.5 percentage points from the previous fiscal year), while ROE (return on equity) was 22.1% (down 0.9 percentage points from the previous fiscal year).」
While the equity ratio rose from 72.3% to 78.8%, ROE declined from 23.0% to 22.1%, and net cash also decreased ¥12.189 billion from the end of the previous fiscal year. - FY2026-H1Lower Operating Cash Flow and Cash BalanceAnnual report
「Cash flow from operating activities was an inflow of ¥4.525 billion (compared with an inflow of ¥14.094 billion in the same period of the previous year). Cash and cash equivalents for the six-month interim consolidated period decreased ¥46.699 billion from the end of the previous consolidated fiscal year to ¥103.726 billion.」
Cash flow from operating activities decreased from ¥14.094 billion in the same period of the previous year to ¥4.525 billion, while cash and cash equivalents also decreased ¥46.699 billion from the end of the previous fiscal year. - FY2025Decline in ROE, with increases in operating cash flow and cash balanceAnnual report
「The equity ratio at the end of the consolidated fiscal year was 72.3%, down 7.8 percentage points from the previous fiscal year, while ROE (return on equity) was 23.0%, down 1.4 percentage points from the previous fiscal year.」
ROE declined from 24.4% in the previous fiscal year to 23.0%. Meanwhile, cash flow from operating activities increased from ¥36.921 billion to ¥67.618 billion, and net cash was ¥160.192 billion. - FY2025-H1Lower Operating Cash Flow and Higher Cash BalanceAnnual report
「Cash flow from operating activities was an inflow of ¥14.094 billion (compared with an inflow of ¥27.226 billion in the same period of the previous year). Cash and cash equivalents for the six-month interim consolidated period increased ¥1.542 billion from the end of the previous consolidated fiscal year to ¥110.634 billion.」
Under its policy of prioritizing cash flow, cash flow from operating activities declined year on year, while cash and cash equivalents increased ¥1.542 billion from the end of the period. - FY2024AdvancedAnnual report
「The equity ratio at the end of the consolidated fiscal year improved to 80.1%, up 6.0 percentage points from the previous fiscal year, while ROE improved to 24.4%, up 0.5 percentage points.」
ROE rose from 23.9% to 24.4%, and the equity ratio rose from 74.1% to 80.1%. Cash flow from operating activities was ¥36.921 billion, and net cash was ¥117.974 billion. - FY2024-Q3AdvancedAnnual report
「Cash flows from operating activities were ¥21,333 million, compared with ¥9,455 million in the same period of the previous year.」
Cash flow from operating activities increased from ¥9.455 billion in the same period of the previous year to ¥21.333 billion, while cash and cash equivalents also increased ¥3.427 billion from the end of the previous fiscal year to ¥92.898 billion. - FY2024-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥27.226 billion (compared with an inflow of ¥14.515 billion in the same period of the previous year). Cash and cash equivalents for the six months ended the second quarter increased ¥18.38 billion from the end of the previous consolidated fiscal year to ¥107.851 billion.」
With the company prioritizing cash flow management, cash flow from operating activities increased from ¥14.515 billion in the same period of the previous year to ¥27.226 billion, while cash and cash equivalents also increased ¥18.38 billion from the end of the period. - FY2024-Q1AdvancedAnnual report
「Cash flows from operating activities were ¥12,979 million, compared with an outflow of ¥5,522 million in the same period of the previous year.」
Under its policy of prioritizing cash flow, cash flow from operating activities improved from an outflow in the same period of the previous year to an inflow of ¥12.979 billion, while cash and cash equivalents also increased ¥5.27 billion from the end of the previous fiscal year. - FY2023Decline in ROE, operating cash flow and net cashAnnual report
「The equity ratio at the end of the consolidated fiscal year was 74.1%, down 4.1 percentage points from the previous fiscal year, while ROE was 23.9%, down 0.5 percentage points.」
ROE declined from 24.4% in the previous fiscal year to 23.9%, while cash flow from operating activities decreased from ¥46.947 billion to ¥21.789 billion. Net cash declined ¥8.111 billion year on year to ¥94.273 billion. - FY2023-Q3Continued decline in operating cash flow and cash balanceAnnual report
「Cash and cash equivalents (hereinafter, "funds") for the nine months ended the third quarter decreased ¥16.669 billion from the end of the previous consolidated fiscal year to ¥78.966 billion. Cash flow from operating activities was an inflow of ¥9.455 billion (compared with an inflow of ¥41.461 billion in the same period of the previous year).」
Cash flow from operating activities declined from ¥41.461 billion in the same period of the previous year to ¥9.455 billion, while cash and cash equivalents also decreased ¥16.669 billion from the end of the previous consolidated fiscal year. - FY2023-Q2Continued decline in operating cash flow and cash balanceAnnual report
「Cash and cash equivalents (hereinafter, "funds") for the six months ended the second quarter decreased ¥4.19 billion from the end of the previous consolidated fiscal year to ¥91.445 billion. Cash flow from operating activities was an inflow of ¥14.515 billion (compared with an inflow of ¥48.432 billion in the same period of the previous year).」
Cash flow from operating activities declined from ¥48.432 billion in the same period of the previous year to ¥14.515 billion, while cash and cash equivalents also decreased ¥4.19 billion from the end of the period. - FY2023-Q1Decline in cash flow from operating activities and cash balanceAnnual report
「Cash flow from operating activities was an outflow of ¥5.522 billion (compared with an inflow of ¥34.3 billion in the same period of the previous year). Cash and cash equivalents for the three months ended the first quarter decreased ¥10.521 billion from the end of the previous consolidated fiscal year to ¥85.114 billion.」
Despite its policy of prioritizing cash flow, in the quarter cash flow from operating activities shifted from an inflow of ¥34.3 billion in the same period of the previous year to an outflow of ¥5.522 billion, while cash and cash equivalents also decreased ¥10.521 billion. - FY2022AdvancedAnnual report
「The equity ratio at the end of the consolidated fiscal year improved to 78.2%, up 4.4 percentage points from the previous fiscal year, while ROE improved to 24.4%, up 1.8 percentage points.」
ROE rose from 22.6% to 24.4%, the equity ratio rose from 73.8% to 78.2%, and net cash reached ¥102.384 billion. - FY2022-Q3AdvancedAnnual report
「Cash flows from operating activities were ¥41,461 million, compared with ¥7,867 million in the same period of the previous year.」
Under its policy of prioritizing cash flow management, cash flow from operating activities increased from ¥7.867 billion in the same period of the previous year to ¥41.461 billion, while cash and cash equivalents also reached ¥89.848 billion. - FY2022-Q2AdvancedAnnual report
「Cash flows from operating activities were ¥48,432 million, compared with cash inflows of ¥8,802 million in the same period of the previous year.」
Under its policy of prioritizing cash flow, cash flow from operating activities increased substantially from ¥8.802 billion in the same period of the previous year to ¥48.432 billion, while cash and cash equivalents reached ¥100.892 billion. - FY2022-Q1AdvancedAnnual report
「Cash flows from operating activities were ¥34,300 million, compared with ¥8,041 million in the same period of the previous year.」
Cash flow from operating activities increased from ¥8.041 billion in the same period of the previous year to ¥34.3 billion. Cash and cash equivalents also increased ¥27.388 billion from the end of the previous consolidated fiscal year to ¥91.431 billion. - FY2021AdvancedAnnual report
「The equity ratio at the end of the consolidated fiscal year improved to 73.8%, up 4.3 percentage points from the previous fiscal year, while ROE improved to 22.6%, up 5.7 percentage points.」
ROE rose from 16.9% in the previous fiscal year to 22.6%, while the equity ratio improved to 73.8%. Net cash was ¥65.633 billion. - FY2021-Q3Lower Operating Cash Flow and Cash BalanceAnnual report
「Cash and cash equivalents (hereinafter, "funds") for the nine months ended the third quarter decreased ¥2.305 billion from the end of the previous consolidated fiscal year to ¥57.366 billion. Cash flow from operating activities was an inflow of ¥7.867 billion (compared with an inflow of ¥15.061 billion in the same period of the previous year).」
Under its policy of prioritizing cash flow, cash flow from operating activities declined year on year, while cash and cash equivalents also decreased ¥2.305 billion from the end of the previous consolidated fiscal year. - FY2021-Q2Lower Operating Cash Flow and Higher Cash BalanceAnnual report
「Cash flow from operating activities was an inflow of ¥8.802 billion (compared with an inflow of ¥10.138 billion in the same period of the previous year). Cash and cash equivalents for the six months ended the second quarter increased ¥2.511 billion from the end of the previous consolidated fiscal year to ¥62.183 billion.」
Under its policy of prioritizing cash flow, cash flow from operating activities declined year on year, while cash and cash equivalents increased ¥2.511 billion from the beginning of the period to ¥62.183 billion. - FY2021-Q1AdvancedAnnual report
「Cash flows from operating activities were ¥8,041 million, compared with ¥6,943 million in the same period of the previous year.」
Under its policy of prioritizing cash flow management, cash flow from operating activities increased year on year, and cash and cash equivalents reached ¥62.652 billion. - FY2020AdvancedAnnual report
「The equity ratio at the end of the consolidated fiscal year declined to 69.5% (down 2.4 percentage points year on year), while ROE (return on equity) improved to 16.9% (up 2.5 percentage points year on year). The balance at the end of the period was ¥58.921 billion, an increase of ¥14.232 billion from the previous fiscal year, strengthening financial soundness through increased liquidity on hand and improving management stability.」
Under its policy of prioritizing cash flow and improving ROE, ROE rose from 14.4% to 16.9%, while net cash increased ¥14.232 billion year on year to ¥58.921 billion. - FY2020-Q3AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥15.061 billion (compared with an inflow of ¥7.104 billion in the same period of the previous year).」
Under its policy of prioritizing cash flow management, cash flow from operating activities increased from ¥7.1 billion in the same period of the previous year to ¥15.061 billion, while cash and cash equivalents reached ¥59.538 billion. - FY2020-Q2AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥10.138 billion (compared with an inflow of ¥6.325 billion in the same period of the previous year).」
Under its policy of prioritizing cash flow, cash flow from operating activities increased from ¥6.325 billion in the same period of the previous year to ¥10.138 billion. - FY2020-Q1AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥6.943 billion (compared with an inflow of ¥1.676 billion in the same period of the previous year).」
Under its policy of prioritizing cash flow management, cash flow from operating activities increased year on year, and cash and cash equivalents reached ¥56.025 billion. - FY2019AdvancedAnnual report
「The equity ratio at the end of the consolidated fiscal year was 71.9%, up 3.5% year on year, while ROE was 14.4%, up 1.0%.」
Under its policy of using improved ROE as an indicator of enhanced corporate value, ROE rose from 13.4% in the previous fiscal year to 14.4%, while the equity ratio also improved to 71.9%. - FY2019-Q2AdvancedAnnual report
「As a result, in early September 2018, the company determined that acquiring the shares as treasury shares would contribute to improving capital efficiency, including earnings per share (EPS) and return on equity (ROE), and to returning profits to shareholders, while having no material impact on the company's financial position or dividend policy.」
The company positioned treasury share acquisitions as a specific initiative that would achieve both improved capital efficiency, including EPS and ROE, and shareholder returns. - FY2018AdvancedAnnual report
「As a result, the equity ratio at the end of the consolidated fiscal year was 68.0%, up 2.6 percentage points year on year, and ROE was 13.4%, up 1.8 percentage points. From the perspective of capital efficiency, the company seeks to increase enterprise value by improving ROE and was able to achieve steady improvement.」
As the company positioned improved ROE as an indicator of enhanced corporate value, ROE rose from 11.6% in the previous fiscal year to 13.4%. Cash flow from operating activities was also ¥34.721 billion. - FY2017First statedAnnual report
「In addition to securing profits, we emphasize cash-flow management to monitor cash movements as a management metric, and seek to increase corporate value by improving ROE from a capital-efficiency perspective.」
The company explicitly identified cash flow management and improved ROE, in addition to profit, as key management indicators and drivers of corporate value enhancement. It did not present a specific ROE target or deadline.