Financial Soundness Based on Substantially Debt-Free Status and a High Equity Ratio
First written in FY2018. 15 of 29 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-11-13.
Mitsui Matsushima Holdings moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
3 other companies' latest entry also says "Worsened".
- 2026-11-13WorsenedResults
「負債合計は85,323百万円となり、前連結会計年度末に比べ13,202百万円(18.3%）の増加となりました。主な要因は、短期借入金の増加などによる流動負債の増加によるものであります。」
借入金は前連結会計年度末の50,237百万円から61,194百万円へ増加し、自己資本比率は43.5％から41.4％へ低下している。 - FY2026WorsenedAnnual report
「In addition, borrowings increased by ¥18,473 million year on year to ¥50,237 million, mainly because funds for the share repurchase were raised from financial institutions. As a result, the equity ratio declined 12.0 percentage points year on year to 43.5%, but management recognizes no issues with financial soundness.」
Borrowings increased due to financing for the share repurchase and other factors, while the equity ratio declined from 55.5% to 43.5%. The Company also stated that it recognizes no issues with financial soundness. - 2026-05-19WorsenedGeneral Meetings of Shareholders
「当連結会計年度は、自己株式取得のため、金融機関より12,500百万円の調達を実施しました。」
自己株式取得資金の調達額を記載し、2026年3月31日時点の連結貸借対照表では短期借入金31,813百万円、長期借入金18,424百万円、純資産55,800百万円となっている。 - FY2026-H1WorsenedAnnual report
「Total liabilities amounted to ¥65,877 million, an increase of ¥13,730 million (26.3%) from the end of the previous consolidated fiscal year. Total net assets amounted to ¥53,330 million, a decrease of ¥12,151 million (18.6%) from the end of the previous consolidated fiscal year.」
Liabilities increased 26.3%, mainly due to higher short-term borrowings associated with share repurchases, while net assets decreased 18.6%. The equity ratio, a key indicator, also declined from 55.5% at the end of the previous fiscal year to 44.6%. - FY2025WorsenedAnnual report
「Net cash and deposits, calculated by deducting borrowings, excluding ¥26,356 million in borrowings of the financial services business, from cash and deposits, including long-term deposits, at the end of the consolidated fiscal year, stood at ¥3,582 million, a decrease of ¥23,215 million year on year. The Company nevertheless remained effectively debt-free. In addition, with the equity ratio remaining high at 55.5%, management recognizes no issues with financial soundness.」
While the assessment that the Company was effectively debt-free was maintained, net cash and deposits decreased by ¥23,215 million to ¥3,582 million, and the equity ratio also declined from 63.6% in the previous year to 55.5%. - FY2025-H1WorsenedAnnual report
「Total liabilities amounted to ¥59,500 million, an increase of ¥23,783 million (66.6%) from the end of the previous consolidated fiscal year. The main factor was a ¥24,080 million (111.1%) increase in current liabilities, mainly due to higher short-term borrowings.」
Operating loans and short-term borrowings increased in connection with the acquisition of エム・アール・エフ and other factors. Liabilities increased 66.6% from the end of the previous fiscal year, while the equity ratio declined from 63.6% to 51.0%. - FY2024-Q3Improvement in financial indicatorsAnnual report
「Total assets amounted to ¥103,712 million, an increase of ¥8,687 million (9.1%) from the end of the previous consolidated fiscal year. The main factor was a ¥6,617 million (10.5%) increase in current assets, mainly due to higher inventories. Total liabilities amounted to ¥35,354 million, a decrease of ¥3,069 million (8.0%) from the end of the previous consolidated fiscal year. Total net assets amounted to ¥68,358 million, an increase of ¥11,756 million (20.8%) from the end of the previous consolidated fiscal year.」
Assets increased 9.1% from the end of the previous fiscal year, liabilities decreased 8.0%, and net assets increased 20.8%. The equity ratio also increased from 58.7% to 63.0%. - FY2024-Q2Improvement in financial indicatorsAnnual report
「Equity ratio (%) 51.8 66.7 58.7 Total liabilities amounted to ¥31,410 million, a decrease of ¥7,013 million (18.3%) from the end of the previous consolidated fiscal year.」
The equity ratio increased to 66.7% from 51.8% in the same period of the previous year and 58.7% at the end of the previous fiscal year, while total liabilities decreased 18.3% from the end of the previous fiscal year. The financial soundness indicators improved significantly. - FY2024-Q1Improvement in financial indicatorsAnnual report
「Total liabilities amounted to ¥37,363 million, a decrease of ¥1,060 million (2.8%) from the end of the previous consolidated fiscal year.」
Total liabilities decreased 2.8% from the end of the previous fiscal year, while the equity ratio increased from 58.7% to 60.3%, indicating an improvement in the financial soundness indicators. - FY2023-Q3Improvement in financial indicatorsAnnual report
「Total assets amounted to ¥88,238 million, an increase of ¥20,400 million (30.1%) from the end of the previous consolidated fiscal year. The main factor was an ¥18,277 million (47.0%) increase in current assets, mainly due to higher cash and deposits and accounts receivable.」
At the end of the third quarter, total assets amounted to ¥88,238 million and net assets to ¥51,463 million. The scale of the balance sheet and net assets increased from the end of the previous fiscal year, driven by higher cash, accounts receivable and other items, as well as profit recognition. The equity ratio was also 58.2%. - FY2023-Q2Financial Metric UpdateAnnual report
「Total liabilities amounted to ¥39,829 million, an increase of ¥7,528 million (23.3%) from the end of the previous consolidated fiscal year. The main factor was a ¥7,565 million (39.0%) increase in current liabilities, mainly due to higher short-term borrowings and trade payables. Equity ratio (%) 48.5 51.8 52.2」
Total liabilities increased 23.3% from the end of the previous fiscal year, while the equity ratio was 51.8%. This was up from 49.4% at the time of the previous quarterly report but below 52.2% on a full-year basis. - FY2023-Q1WorsenedAnnual report
「Total liabilities amounted to ¥38,266 million, an increase of ¥5,965 million (18.5%) from the end of the previous consolidated fiscal year. Equity ratio 49.4」
Total liabilities increased 18.5% from the end of the previous fiscal year, mainly due to higher borrowings associated with the acquisition of 日本カタン and other factors, while the equity ratio declined from 52.2% at the end of the previous fiscal year to 49.4%. - FY2022Improvement in financial indicatorsAnnual report
「Net cash and deposits, calculated by deducting borrowings and bonds from cash and deposits at the end of the consolidated fiscal year, stood at ¥9,761 million, an increase of ¥8,442 million year on year. The Company remained effectively debt-free. In addition, with the equity ratio remaining high at 52.2%, management recognizes no issues with financial soundness.」
Net cash and deposits increased from ¥1,318 million to ¥9,761 million, and the equity ratio also increased from 42.8% in the previous fiscal year to 52.2%. - FY2022-Q3Improvement in financial indicatorsAnnual report
「Total liabilities amounted to ¥36,137 million, a decrease of ¥4,192 million (10.4%) from the end of the previous consolidated fiscal year. The main factors were a ¥2,670 million (10.5%) decrease in current liabilities, mainly due to lower short-term borrowings, and a ¥1,522 million (10.3%) decrease in non-current liabilities, mainly due to lower long-term borrowings. Total net assets amounted to ¥32,916 million, an increase of ¥2,628 million (8.7%) from the end of the previous consolidated fiscal year.」
Total liabilities decreased 10.4% from the end of the previous fiscal year due to lower short- and long-term borrowings, while net assets increased 8.7%. The equity ratio also increased from 42.8% to 47.5%. - FY2022-Q2Improvement in financial indicatorsAnnual report
「Total liabilities amounted to ¥33,832 million, a decrease of ¥6,498 million (16.1%) from the end of the previous consolidated fiscal year. The main factors were a ¥5,566 million (21.8%) decrease in current liabilities, mainly due to lower short-term borrowings, and a ¥932 million (6.3%) decrease in non-current liabilities, mainly due to lower long-term borrowings.」
Total liabilities decreased 16.1% from the end of the previous fiscal year due to lower short- and long-term borrowings, while net assets increased by ¥1,702 million. The equity ratio was 48.5%. - FY2022-Q1Improvement in financial indicatorsAnnual report
「Total liabilities amounted to ¥36,276 million, a decrease of ¥4,054 million (10.1%) from the end of the previous consolidated fiscal year. The main factors were a ¥3,540 million (13.9%) decrease in current liabilities, mainly due to lower short-term borrowings, and a ¥514 million (3.5%) decrease in non-current liabilities, mainly due to lower long-term borrowings.」
Total liabilities decreased 10.1% from the end of the previous fiscal year, mainly due to lower short- and long-term borrowings, while the equity ratio increased from 42.8% to 46.0%. - FY2021Financial Metric UpdateAnnual report
「Net cash and deposits, calculated by deducting borrowings and bonds from cash and deposits at the end of the consolidated fiscal year, stood at ¥1,318 million, an increase of ¥442 million year on year. The Company remained effectively debt-free. In addition, with the equity ratio remaining high at 42.8%, management recognizes no issues with financial soundness.」
The assessment that the Company was effectively debt-free was maintained, and net cash and deposits increased to ¥1,318 million, while the equity ratio declined to 42.8%. The composition of the financial indicators has been updated. - FY2021-Q3WorsenedAnnual report
「Total liabilities amounted to ¥33,646 million, an increase of ¥3,491 million (11.6%) from the end of the previous consolidated fiscal year. Although non-current liabilities decreased by ¥662 million (4.1%), mainly due to lower long-term borrowings, current liabilities increased by ¥4,154 million (29.5%), mainly due to higher short-term borrowings.」
Total liabilities increased 11.6% from the end of the previous fiscal year, mainly due to higher short-term borrowings, while the equity ratio declined from 52.3% at the end of the previous consolidated fiscal year to 46.4%. - FY2021-Q2WorsenedAnnual report
「Total liabilities amounted to ¥35,208 million, an increase of ¥5,054 million (16.8%) from the end of the previous consolidated fiscal year. Although non-current liabilities decreased by ¥552 million (3.4%), mainly due to lower long-term borrowings, current liabilities increased by ¥5,606 million (39.8%), mainly due to higher short-term borrowings.」
Total liabilities increased 16.8% from the end of the previous fiscal year, mainly due to higher short-term borrowings. The equity ratio also declined from 52.3% at the end of the previous fiscal year to 48.9%. - FY2021-Q1WorsenedAnnual report
「Total liabilities amounted to ¥35,441 million, an increase of ¥5,287 million (17.5%) from the end of the previous consolidated fiscal year. The main factors were a ¥4,451 million (31.6%) increase in current liabilities, mainly due to higher short-term borrowings, and an ¥835 million (5.2%) increase in non-current liabilities, mainly due to higher long-term borrowings.」
Total liabilities increased 17.5% from the end of the previous fiscal year, while the equity ratio declined from 52.3% to 47.5%, indicating a further deterioration in the financial soundness indicators. - FY2020WorsenedAnnual report
「Net cash and deposits, calculated by deducting borrowings and bonds from cash and deposits at the end of the consolidated fiscal year, stood at ¥875 million, a decrease of ¥6,792 million year on year, mainly due to higher borrowings associated with the acquisition of Meiko Shokai Co., Ltd. in April 2019. The Company nevertheless remained effectively debt-free. In addition, with the equity ratio remaining high at 52.3%, management recognizes no issues with financial soundness.」
While the assessment that the Company was effectively debt-free was maintained, net cash and deposits declined to ¥875 million, and the equity ratio also fell to 52.3%. - FY2020-Q3WorsenedAnnual report
「Total liabilities amounted to ¥31,084 million, an increase of ¥6,581 million (26.9%) from the end of the previous consolidated fiscal year. The main factors were a ¥2,129 million (17.2%) increase in current liabilities, mainly due to higher short-term borrowings, and a ¥4,452 million (36.7%) increase in non-current liabilities, mainly due to higher long-term borrowings.」
Total liabilities increased 26.9% from the end of the previous fiscal year, while non-current liabilities increased 36.7%. The equity ratio was 50.9%, down from 57.4% at the end of the previous fiscal year. - FY2020-Q2WorsenedAnnual report
「Total liabilities amounted to ¥30,179 million, an increase of ¥5,677 million (23.2%) from the end of the previous consolidated fiscal year. The main factors were a ¥632 million (5.1%) increase in current liabilities, mainly due to higher short-term borrowings, and a ¥5,044 million (41.5%) increase in non-current liabilities, mainly due to higher long-term borrowings.」
Total liabilities increased 23.2% from the end of the previous fiscal year, while non-current liabilities increased 41.5%. The equity ratio also declined from 57.4% to 51.9%, indicating a deterioration in the financial soundness indicators. - FY2020-Q1WorsenedAnnual report
「Total liabilities amounted to ¥32,463 million, an increase of ¥7,961 million (32.5%) from the end of the previous consolidated fiscal year. The main factors were a ¥2,188 million (17.7%) increase in current liabilities, mainly due to higher short-term borrowings, and a ¥5,772 million (47.5%) increase in non-current liabilities, mainly due to higher long-term borrowings. The equity ratio was 50.4%.」
Total liabilities increased 32.5% from the end of the previous fiscal year, while non-current liabilities increased 47.5%. The equity ratio also declined from 57.4% at the end of the previous fiscal year to 50.4%. - FY2019Full-year figures updateAnnual report
「Net cash and deposits, calculated by deducting borrowings and bonds from cash and deposits at the end of the consolidated fiscal year, stood at ¥7,668 million, indicating that the Company was effectively debt-free. The equity ratio was also high at 57.4%, and management recognizes no issues with financial soundness.」
Full-year net cash and deposits were updated to ¥7,668 million, and the equity ratio to 57.4%. While the assessment that the Company was effectively debt-free was maintained, the equity ratio declined slightly from 57.6% in the previous fiscal year. - FY2019-Q3AdvancedAnnual report
「Total liabilities were ¥23,554 million, a decrease of ¥1,152 million (4.7%) from the end of the previous consolidated fiscal year.」
Total liabilities decreased 4.7% from the end of the previous fiscal year, while the equity ratio increased from 57.6% to 59.3%. The indicators of financial soundness improved from the second-quarter level. - FY2019-Q2WorsenedAnnual report
「Total net assets were ¥33,181 million, a decrease of ¥393 million (1.2%) from the end of the previous consolidated fiscal year.」
Net assets decreased 1.2% from the end of the previous fiscal year, while the equity ratio declined from 57.6% to 57.2%. - FY2019-Q1AdvancedAnnual report
「Total liabilities were ¥21,937 million, a decrease of ¥2,770 million (11.2%) from the end of the previous consolidated fiscal year.」
Total liabilities decreased 11.2% from the end of the previous fiscal year, while the equity ratio increased from 57.6% to 59.7%. The figures indicating financial soundness improved during the quarter. - FY2018First statedAnnual report
「Net cash, calculated by deducting borrowings and bonds from cash and deposits at the end of the consolidated fiscal year, was ¥3,370 million, indicating a substantially debt-free position. The equity ratio was also high at 57.6%, and management recognizes no issues with financial soundness.」
Net cash of ¥3,370 million and an equity ratio of 57.6% are reported as full-year facts demonstrating financial soundness.