Improving Cash Flow and Reducing Interest-Bearing Debt
First written in FY2016. 22 of 38 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-10-08.
Ohba moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- 2026-10-08WorsenedEarnings
「短期借入金 － 1,000,000」
前連結会計年度末にゼロだった短期借入金が、第1四半期末に1,000百万円計上された。 - FY2026MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,065 million, compared with an outflow of ¥510 million in the previous fiscal year. Borrowings were zero, and the company remains debt-free.」
Cash flow from operating activities turned from an outflow into an inflow of ¥2,065 million, while the company maintained its debt-free position with zero borrowings. - FY2025WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥510 million, compared with an outflow of ¥346 million in the previous year. Cash and cash equivalents at the end of the consolidated fiscal year were ¥1,688 million, a decrease of ¥1,427 million from the end of the previous consolidated fiscal year. Borrowings were zero, and the company remains debt-free.」
The debt-free position was maintained, while the outflow from operating activities increased from ¥346 million in the previous year to ¥510 million, and cash and cash equivalents also decreased by ¥1,427 million. - FY2025-H1WorsenedAnnual report
「Cash flow from operating activities in the interim consolidated period was an outflow of ¥3,115 million, compared with an outflow of ¥3,036 million in the same period of the previous year. Cash flow from financing activities was an inflow of ¥1,379 million, compared with an inflow of ¥339 million in the same period of the previous year, reflecting a net increase of ¥1,800 million in short-term borrowings. Total liabilities were ¥5,539 million, an increase of ¥197 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥228 million in current liabilities, including an increase of ¥1,800 million in short-term borrowings and a decrease of ¥850 million in advances received for work not yet completed.」
Short-term borrowings, which were zero at the end of the fiscal year ending May 2024, were recorded at ¥1,800 million, while the outflow from operating activities was ¥3,115 million. Cash and cash equivalents decreased by ¥1,792 million from the end of the previous fiscal year, and borrowings re-emerged during the interim period after the company was debt-free at fiscal year-end. - FY2024RestatedAnnual report
「Borrowings were zero, and the company remains debt-free.」
The company maintained zero borrowings at the end of the fiscal year ending May 2024 after achieving a completely debt-free position. Meanwhile, cash flow from operating activities was an outflow of ¥346 million. - FY2024-Q3WorsenedAnnual report
「Total liabilities were ¥6,692 million, an increase of ¥1,505 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥1,401 million in current liabilities, including a decrease of ¥655 million in accounts payable, an increase of ¥3,100 million in short-term borrowings and a decrease of ¥408 million in accrued bonuses.」
Short-term borrowings of ¥3,100 million, which had been zero at the end of the previous consolidated fiscal year, were recorded, and total liabilities also increased by ¥1,505 million. Borrowings that re-emerged from the completely debt-free position achieved in FY2022 continue. - FY2024-Q2WorsenedAnnual report
「Cash flow from operating activities in the six-month period ended in the current second quarter was an outflow of ¥3,036 million, compared with an outflow of ¥1,863 million in the same period of the previous year. Cash flow from financing activities was an inflow of ¥339 million, compared with an inflow of ¥1,308 million in the same period of the previous year, reflecting a net increase of ¥600 million in short-term borrowings. Cash and cash equivalents decreased by ¥2,809 million from the end of the previous consolidated fiscal year to ¥1,395 million.」
The outflow from operating activities increased from the same period of the previous year, while the net increase of ¥600 million in short-term borrowings resulted in an inflow from financing activities. Cash and cash equivalents also decreased by ¥2,809 million from the end of the previous fiscal year, and borrowing and cash outflows that re-emerged from the completely debt-free position achieved in FY2022 continue. - FY2024-Q1WorsenedAnnual report
「Short-term borrowings — 400,000」
Short-term borrowings, which were zero at the end of the fiscal year ended May 2023, were recorded at ¥400 million at the end of August 2023. Borrowings have re-emerged from the company's previously debt-free position. - FY2023RestatedAnnual report
「Borrowings were zero, and the company remains completely debt-free.」
The completely debt-free position achieved in FY2022 has been maintained. - FY2023-Q3WorsenedAnnual report
「Total liabilities were ¥6,984 million, an increase of ¥2,787 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,763 million in current liabilities, including a decrease of ¥393 million in accounts payable, an increase of ¥3,900 million in short-term borrowings and a decrease of ¥386 million in accrued bonuses.」
Short-term borrowings, which were zero at the end of the fiscal year ended May 2022, were recorded at ¥3,900 million, and total liabilities also increased by ¥2,787 million. Borrowings have re-emerged from the completely debt-free position achieved in FY2022. - FY2023-Q2WorsenedAnnual report
「Total liabilities were ¥4,703 million, an increase of ¥506 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥489 million in current liabilities, including an increase of ¥1,600 million in short-term borrowings and a decrease of ¥410 million in accrued bonuses.」
Short-term borrowings of ¥1,600 million were recorded after the company had been completely debt-free at the end of the fiscal year ended May 2022. Cash flow from operating activities was also an outflow of ¥1,863 million, while financing activities generated ¥1,308 million, reflecting the net increase of ¥1,600 million in short-term borrowings. - FY2023-Q1WorsenedAnnual report
「Short-term borrowings — 800,000」
Short-term borrowings, which were zero at the end of the fiscal year ended May 2022, were recorded at ¥800 million at the end of the first quarter. Short-term borrowings have re-emerged from the completely debt-free position achieved in FY2022. - FY2022AchievedAnnual report
「Borrowings declined by ¥60 million from the end of the previous fiscal year to zero as repayments progressed, leaving the company completely debt-free.」
The company repaid the ¥60 million in borrowings outstanding at the end of the previous fiscal year and became completely debt-free. It is also stated that interest-bearing debt fell to zero from ¥4,333 million 10 years earlier. - FY2022-Q3WorsenedAnnual report
「Total liabilities were ¥6,928 million, an increase of ¥2,553 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,500 million in current liabilities, including an increase of ¥3,450 million in short-term borrowings.」
Short-term borrowings increased from zero at the end of the previous consolidated fiscal year to ¥3,450 million, and total liabilities also increased by ¥2,553 million. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings continues to increase. - FY2022-Q2WorsenedAnnual report
「Total liabilities were ¥4,543 million, an increase of ¥168 million from the end of the previous consolidated fiscal year. The main factors included an increase of ¥99 million in current liabilities and an increase of ¥1,150 million in short-term borrowings. Cash flow from operating activities was an outflow of ¥2,765 million, while cash flow from financing activities was an inflow of ¥888 million, including a net increase of ¥1,150 million in short-term borrowings.」
Short-term borrowings of ¥1,150 million, which had not existed at the end of the previous consolidated fiscal year, were recorded. Cash flow from operating activities was an outflow of ¥2,765 million, and cash and cash equivalents declined to ¥1,062 million. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings and cash outflows are increasing. - FY2022-Q1WorsenedAnnual report
「Short-term borrowings — 150,000 Long-term borrowings due for repayment within one year 60,000 45,000」
Short-term borrowings of ¥150 million, which had not existed at the end of the previous consolidated fiscal year, were recorded, bringing interest-bearing debt, including long-term borrowings due for repayment within one year, to ¥195 million. - FY2021AdvancedAnnual report
「The balance of interest-bearing debt at the end of the current fiscal year decreased by ¥60 million from the end of the previous fiscal year to ¥60 million. Against interest-bearing debt of ¥60 million, cash and deposits at fiscal year-end stood at ¥3,002 million, putting the Group in a net debt-free position. Long-term borrowings had a year-end balance of ¥60 million and are scheduled to be fully repaid in the fiscal year ending May 2022.」
Interest-bearing debt decreased from ¥120 million at the end of the previous fiscal year to ¥60 million, maintaining a net debt-free position. The remaining long-term borrowings are scheduled to be fully repaid in the fiscal year ending May 2022. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥6,149 million, an increase of ¥1,456 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥1,994 million in current liabilities, including an increase of ¥2,900 million in short-term borrowings.」
Short-term borrowings increased from zero at the end of the previous consolidated fiscal year to ¥2,900 million, and total liabilities also increased by ¥1,456 million. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings continues to increase. - FY2021-Q2WorsenedAnnual report
「Net cash provided by financing activities was ¥1,211 million, compared with ¥1,436 million in the same period of the previous year. This was attributable to a net increase of ¥1,500 million in short-term borrowings, ¥140 million in purchases of treasury shares and ¥117 million in dividend payments, among other factors.」
Short-term borrowings of ¥1,500 million, which had not existed at the end of the previous consolidated fiscal year, were recorded, increasing from ¥700 million at the time of the previous quarterly report. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings has increased further. - FY2021-Q1WorsenedAnnual report
「Total liabilities were ¥3,817 million, a decrease of ¥874 million from the end of the previous consolidated fiscal year. The main factor was a decrease of ¥703 million in current liabilities, including a decrease of ¥584 million in accounts payable and an increase of ¥700 million in short-term borrowings.」
Short-term borrowings of ¥700 million, which had not existed at the end of the previous consolidated fiscal year, were recorded. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but short-term borrowings have re-emerged since fiscal year-end. - FY2020AdvancedAnnual report
「The balance of interest-bearing debt at the end of the current fiscal year decreased by ¥192 million from the end of the previous fiscal year to ¥120 million. Against interest-bearing debt of ¥120 million, cash and deposits at fiscal year-end stood at ¥2,336 million, putting the Group in a net debt-free position. Long-term borrowings had a year-end balance of ¥120 million and are scheduled to be fully repaid in the fiscal year ending May 2022.」
Interest-bearing debt decreased from ¥312 million to ¥120 million, while cash continued to exceed interest-bearing debt. Full repayment is also scheduled for the fiscal year ending May 2022. - FY2020-Q3WorsenedAnnual report
「Total liabilities were ¥7,516 million, an increase of ¥3,077 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥3,493 million in current liabilities, including an increase of ¥3,700 million in short-term borrowings.」
As a result of recording ¥3,700 million in short-term borrowings, total liabilities increased by ¥3,077 million from the end of the previous consolidated fiscal year, and reliance on borrowings continues to increase. - FY2020-Q2WorsenedAnnual report
「Total liabilities were ¥5,756 million, an increase of ¥1,317 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥1,430 million in current liabilities, including an increase of ¥1,800 million in short-term borrowings.」
Short-term borrowings of ¥1,800 million, which had not existed at the end of the previous consolidated fiscal year, were recorded, while cash flow from operating activities was an outflow of ¥2,063 million. No withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings and operating cash flow outflows continue. - FY2020-Q1WorsenedAnnual report
「Short-term borrowings — 400,000 Long-term borrowings due for repayment within one year 192,470 149,500 Long-term borrowings 120,000 105,000」
Short-term borrowings, which were zero at the end of the previous consolidated fiscal year, were recorded at ¥400 million, increasing interest-bearing debt, including long-term borrowings, from ¥312 million at the end of the previous fiscal year. Meanwhile, cash and deposits were ¥1,285 million, exceeding interest-bearing debt. - FY2019AdvancedAnnual report
「The balance of interest-bearing debt at the end of the current fiscal year decreased by ¥346 million from the end of the previous fiscal year to ¥312 million. Against interest-bearing debt of ¥312 million, cash and deposits at fiscal year-end stood at ¥2,007 million, putting the Group in a net debt-free position. The Group will continue to apply cash flow from operating activities to the repayment of borrowings and work to reduce interest-bearing debt.」
Interest-bearing debt decreased from ¥658 million at the end of the previous fiscal year to ¥312 million, and cash and deposits exceeded interest-bearing debt, bringing the company to a net debt-free position. The policy of reducing debt also remains in place. - FY2019-Q3WorsenedAnnual report
「Total liabilities were ¥7,159 million, an increase of ¥2,792 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,831 million in current liabilities, including an increase of ¥3,100 million in short-term borrowings.」
Short-term borrowings of ¥3,100 million, which had not existed at the end of the previous fiscal year, were recorded, and total liabilities also increased by ¥2,792 million. No change or withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings continues to increase. - FY2019-Q2WorsenedAnnual report
「Total liabilities were ¥6,504 million, an increase of ¥2,137 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,105 million in current liabilities, including an increase of ¥2,200 million in short-term borrowings.」
Short-term borrowings increased by ¥2,200 million from the end of the previous consolidated fiscal year, while cash flow from operating activities was also an outflow of ¥2,062 million, indicating continued growth in reliance on borrowings. - FY2019-Q1Short-term borrowings re-emergeAnnual report
「Total liabilities were ¥4,570 million, an increase of ¥203 million from the end of the previous consolidated fiscal year. The main factors included a decrease of ¥458 million in accounts payable and an increase of ¥700 million in short-term borrowings.」
There were no short-term borrowings at the end of the previous consolidated fiscal year, but ¥700 million was recorded at the end of the first quarter, and total liabilities also increased by ¥203 million. No change or withdrawal of the policy to reduce interest-bearing debt has been disclosed. - FY2018AdvancedAnnual report
「As of 31 May 2018, there was no balance of short-term borrowings, excluding long-term borrowings due for repayment within one year. The balance of long-term borrowings, including long-term borrowings due for repayment within one year, was ¥658 million. The Group will continue to apply cash flow from operating activities to the repayment of borrowings and work to reduce interest-bearing debt.」
Short-term borrowings, which had been increasing through the previous quarter, were zero at fiscal year-end, while long-term borrowings also declined to ¥658 million. The company generated ¥1,696 million in operating cash flow and continued its policy of reducing borrowings. - FY2018-Q3WorsenedAnnual report
「Total liabilities were ¥9,333 million, an increase of ¥4,696 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥4,978 million in current liabilities, including an increase of ¥4,650 million in short-term borrowings.」
Short-term borrowings increased by ¥4,650 million from the end of the previous consolidated fiscal year to ¥4,800 million, while total liabilities also increased by ¥4,696 million. No change or withdrawal of the policy to reduce interest-bearing debt has been disclosed, but reliance on borrowings continues to increase. - FY2018-Q2Growing reliance on borrowings and operating cash flow outflowsAnnual report
「Total liabilities were ¥7,102 million, an increase of ¥2,465 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,408 million in current liabilities, including an increase of ¥2,750 million in short-term borrowings.」
Short-term borrowings increased by ¥2,750 million, and total liabilities also increased by ¥2,465 million. Cash flow from operating activities was an outflow of ¥2,707 million, and no change or withdrawal of the policy to repay borrowings and reduce interest-bearing debt has been disclosed. - FY2018-Q1Increase in short-term borrowings and total liabilitiesAnnual report
「Total liabilities were ¥5,706 million, an increase of ¥1,069 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥1,500 million in short-term borrowings, among other factors.」
Although no change or withdrawal of the policy to reduce interest-bearing debt has been disclosed, short-term borrowings and total liabilities continue to increase. - FY2017-Q3Increase in short-term borrowings and total liabilitiesAnnual report
「Total liabilities were ¥9,211 million, an increase of ¥2,558 million from the end of the previous consolidated fiscal year. The main factor was an increase of ¥2,857 million in current liabilities, including an increase of ¥3,430 million in short-term borrowings.」
Short-term borrowings increased by ¥3,430 million from the end of the previous consolidated fiscal year to ¥5,150 million, while total liabilities also increased by ¥2,558 million. No change or withdrawal of the policy to reduce interest-bearing debt has been disclosed. - FY2017-Q2Operating cash flow outflows and an increase in short-term borrowings continuedAnnual report
「Cash flow from financing activities was an inflow of ¥1,429 million, compared with an inflow of ¥3,168 million in the same period a year earlier. This primarily reflected a net increase of ¥2,130 million in short-term borrowings, an outflow of ¥328 million for the repayment of long-term borrowings, and an outflow of ¥213 million for dividend payments.」
Cash flow from operating activities was an outflow of ¥1,375 million, while short-term borrowings increased by a net ¥2,130 million in financing activities. No change or withdrawal of the policy to repay borrowings and reduce interest-bearing debt is stated. - FY2017-Q1Outstanding borrowings increasedAnnual report
「The main factor was an increase of ¥930 million in short-term borrowings.」
It is stated that short-term borrowings increased by ¥930 million from the end of the previous consolidated fiscal year. No change or withdrawal of the policy to repay borrowings and reduce interest-bearing debt is stated. - FY2016First statedAnnual report
「We will continue to apply cash flow from operating activities to the repayment of borrowings and work to reduce interest-bearing debt.」
The reduction of trade receivables and improvements in the D/E ratio, equity ratio and ROE are also listed as financial priorities.