Maintaining the Equity Ratio
First written in FY2023. 4 of 14 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-09-01.
Columbia Works moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 2 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026-H1WorsenedAnnual report
「As a result, the equity ratio was 23.3%, compared with 26.1% at the end of the previous consolidated fiscal year.」
The equity ratio declined from 26.1% to 23.3%, below the prior year-end description of maintaining a level in the 20% range. - FY2025SoftenedAnnual report
「Taking financial market conditions into account, our equity ratio was 26.1% for the consolidated fiscal year, and we continue to aim to maintain a level in the 20% range.」
The former specific short-term target of 25% and medium- to long-term target of 30% were softened to maintaining a level in the 20% range. Actual equity ratio was 26.1%. - FY2025-H1WorsenedAnnual report
「As a result, the equity ratio was 20.2%, compared with 23.2% at the end of the previous consolidated fiscal year.」
The equity ratio declined from 23.2% at the previous fiscal year-end to 20.2%, below the short-term target of 25%. No change to the target itself was stated. - FY2024RaisedAnnual report
「Taking financial market conditions into account, our equity ratio was 23.1% for the consolidated fiscal year, and we aim to maintain 25% in the short term and 30% over the medium to long term.」
The short-term equity ratio target was raised from 20% to 25%, while the medium- to long-term target remained 30%. - FY2024-H1AdvancedAnnual report
「This was due to an increase of ¥1,473 million each in capital stock and capital surplus from payments for the issuance of new shares through a public offering and a third-party allotment accompanying the new listing on the Tokyo Stock Exchange Standard Market, including a third-party allotment related to the secondary offering through an over-allotment, together with a ¥335 million increase in retained earnings resulting from interim net income attributable to owners of the parent of ¥562 million and a ¥227 million decrease due to dividends from surplus. As a result, the equity ratio was 26.1%, compared with 22.3% at the end of the previous consolidated fiscal year.」
The equity ratio increased from 22.3% to 26.1%, mainly due to capital increases from the public offering and third-party allotment accompanying the listing and interim net income. - FY2024-Q1AdvancedAnnual report
「This was due to an increase of ¥1,265 million each in capital stock and capital surplus from payments for the issuance of new shares through a public offering accompanying the new listing on the Tokyo Stock Exchange Standard Market, together with a ¥405 million decrease in retained earnings resulting from a quarterly net loss attributable to owners of the parent of ¥178 million and a ¥227 million decrease due to dividends from surplus. As a result, the equity ratio was 24.8%, compared with 22.3% at the end of the previous consolidated fiscal year.」
The equity ratio increased from 22.3% at the previous fiscal year-end to 24.8%, mainly due to the public offering accompanying the Tokyo Stock Exchange Standard Market listing, which increased capital stock and capital surplus by ¥1,265 million each. - FY2023First statedAnnual report
「Taking financial market conditions into account, our equity ratio was 22.3% for the consolidated fiscal year, and we aim to maintain 20% in the short term and 30% over the medium to long term.」
The company has set equity ratio targets of 20% in the short term and 30% over the medium to long term.