■Performance Trends
4. financial status
Elematec's current assets at the end of the 2024/3 fiscal year ended 2024/3 were 108,096 million yen (up 790 million yen from the end of the previous fiscal year), mainly due to an increase of 9,172 million yen in cash and deposits, a decrease of 9,049 million yen in notes receivable and accounts receivable associated with a decrease in sales, and an increase of 547 million yen in inventory assets. Fixed assets were 7,630 million yen (up 1,024 million yen from the same period), mainly due to an increase of 550 million yen in tangible fixed assets, a decrease of 40 million yen in intangible fixed assets, and an increase of 514 million yen in investments and other assets. As a result, total assets at the end of the 2024/3 fiscal year were 115,727 million yen (up 1,814 million yen from the same period).
Meanwhile, current liabilities were 43,884 million yen (down 2,646 million yen from the same period), mainly due to a decrease of 1,131 million yen in notes payable and accounts payable, and a decrease of 797 million yen in short-term loans. Total net assets were 69,529 million yen (up 3,951 million yen from the same period) in response to an increase of 1,723 million yen in retained earnings due to the recording of net income attributable to parent company shareholders, etc., and an increase of 1,825 million yen in exchange conversion adjustment accounts, etc. As a result, the capital adequacy ratio at the end of the 2024/3 fiscal year was 60.1% (57.6% at the end of the previous fiscal year).
5. Cash flow situation
Cash flow from operating activities for the fiscal year ended 2024/3 amounted to 14,250 million yen. The main income was recorded net income before tax adjustments of 7,515 million yen, depreciation and amortization expenses of 1,193 million yen, a decrease in sales receivables of 11,226 million yen, a decrease of 2,934 million yen in bankruptcy rehabilitation claims, etc., and a decrease of 393 million yen in inventory assets, etc., and the main expenses were a decrease of 3,228 million yen in purchase debt and 2,842 million yen in provision for debt loss.
Cash flow from investment activities amounted to 1,160 million yen of expenditure, but the main expenses were acquisition of tangible fixed assets (mainly molds) of 1,048 million yen, acquisition of intangible fixed assets of 62 million yen, etc. Cash flow from financial activities was expenditure of 4,996 million yen, mainly due to a net decrease of 894 million yen in short-term loans, 457 million yen in expenditure due to repayment of lease obligations, and 3,644 million yen in expenditure due to payment of dividends. As a result, cash and cash equivalents during the fiscal year ending 2024/3 increased by 9,172 million yen, and the balance at the end of the fiscal year ended to 42,139 million yen. Cash on hand is still plentiful, and the financial base is stable.
(Written by FISCO Visiting Analyst Noboru Terashima)