負債合計は前期末比3,719百万円減少の24,672百万円となった。有利子負債が977百万円減少したほか、買掛金が2,018百万円、未払金が1,077百万円それぞれ減少したことによる。また、純資産は同1,792百万円増加の40,771百万円となった。親会社株主に帰属する中間純利益の計上などにより利益剰余金が1,927百万円増加した一方、その他有価証券評価差額金が171百万円減少した。■ Kenko Mayonnaise <2915> Performance Trends
3. Financial Condition and Management Indicators
As of the end of the interim period for the fiscal year ending March 2025, total assets amounted to 65,443 million yen, a decrease of 1,927 million yen compared to the previous fiscal year-end. In current assets, cash and deposits increased by 211 million yen and inventories increased by 180 million yen, while accounts receivable decreased by 1,256 million yen. In fixed assets, tangible fixed assets decreased by 917 million yen due to depreciation, while intangible fixed assets increased by 127 million yen due to the development of a new core system. The total investment for the new core system is approximately 1,800 million yen, and operation started in September (5-year straight-line depreciation).
Total liabilities decreased by 3,719 million yen compared to the previous fiscal year-end, amounting to 24,672 million yen. Interest-bearing debt decreased by 977 million yen, while accounts payable and accrued expenses decreased by 2,018 million yen and 1,077 million yen, respectively. Net assets increased by 1,792 million yen to 40,771 million yen. Retained earnings increased by 1,927 million yen due to the recognition of interim net profit attributable to the parent company's shareholders, while the valuation difference on available-for-sale securities decreased by 171 million yen.
Financial indicators show that the reduction of interest-bearing debt has progressed, with the equity ratio increasing by 4.4 points to 62.3% and the interest-bearing debt ratio decreasing by 3.2 points to 14.5%, indicating an improvement in financial health. As there has been no large capital investment in recent years, the financial structure has strengthened, and net cash (cash and deposits minus interest-bearing debt) has significantly improved, exceeding 10 billion yen. The company has made it clear that it will implement growth investments, including the reorganization and establishment of factories, as part of the medium- to long-term management plan that started in the fiscal year ending March 2025, and plans to allocate the cash on hand to such growth investments and shareholder returns.
(Written by FISCO guest analyst, Jo Sato)
