■Performance Trends
2. financial status
The financial situation of Nagai Leven ＜7447＞ continues to be stable. Total assets at the end of the second quarter of the 2024/8 fiscal year ended were 45,577 million yen, a decrease of 1,799 million yen from the end of the previous fiscal year. Current assets decreased by 1,765 million yen to 37,229 million yen, but the main factors were a decrease of 2,097 million yen in cash and deposits, a decrease of 77 million yen in notes receivable and accounts receivable, including electronic record receivables, and an increase of 942 million yen in inventory assets. Meanwhile, fixed assets decreased by 34 million yen to 8,348 million yen, but the main factors were a decrease of 53 million yen in tangible fixed assets due to depreciation and amortization, and an increase of 21 million yen in investments and other assets.
Total liabilities were 3,735 million yen, a decrease of 428 million yen compared to the end of the previous fiscal year. The main factors are due to an increase of 40 million yen in notes payable and accounts payable, a decrease of 308 million yen in unpaid corporate taxes, etc., and a decrease of 119 million yen in other current liabilities. Total net assets were 41,842 million yen, down 1,371 million yen from the same period, but the main factors were a decrease of 797 million yen in retained earnings due to dividend payments, etc., and a decrease of 616 million yen due to an increase in treasury stock. As a result, the capital adequacy ratio at the end of the second quarter of the fiscal year ending 2024/8 was 91.8% (91.2% at the end of the previous fiscal year).
3. Cash flow situation
Cash flow from operating activities for the second quarter of the fiscal year ending 2024/8 was expenditure of 83 million yen, but the main income was recorded quarterly net profit before tax adjustments of 1,639 million yen, depreciation and amortization expenses of 130 million yen, increase in purchase debt of 40 million yen, etc., while the main expenses were an increase of 11 million yen in sales receivables and an increase of 942 million yen in inventory assets. Cash flow from investment activities was expenditure of 890 million yen, but the main expenses were acquisition of tangible fixed assets of 81 million yen and increase in time deposits (net) of 800 million yen. Cash flow from financial activities resulted in expenditure of 1,925 million yen, but the main income was a decrease of 626 million yen in deposits to acquire treasury stock, and the main expenses were dividend payments of 1,925 million yen and share acquisitions of 626 million yen. As a result, cash and cash equivalents decreased by 2,897 million yen during the period, and the balance of cash and cash equivalents at the end of the quarter was 4,861 million yen.
(Written by FISCO Visiting Analyst Noboru Terashima)