Komori
Santo (1788) · FactWorsened

Decline in the Equity Ratio

First written in FY2017-Q3. 20 of 35 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026.

35entries
10years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2025-H1 – FY20262017: 320172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Decline in Equity Ratio Due to Increases in Short-Term Borrowings and LiabilitiesA theme 6 companies write about · 5 as a headwind · 0 as a tailwind

Santo moved to the "Worse" side of this theme in 2020.

1 other company's latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「As a result, the equity ratio was 60.9% (66.5% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 66.5% at the end of the previous consolidated fiscal year to 60.9%.
  3. FY2026-H1WorsenedAnnual report

    「As a result, the equity ratio was 60.3% (66.5% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 66.5% at the end of the previous consolidated fiscal year to 60.3%.
  4. FY2025WorsenedAnnual report

    「As a result, the equity ratio was 66.5% (70.2% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 70.2% at the end of the previous consolidated fiscal year to 66.5%.
  5. FY2025-H1WorsenedAnnual report

    「As a result, the equity ratio was 63.0% (70.2% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 70.2% at the end of the previous consolidated fiscal year to 63.0%.
  6. FY2024MitigatedAnnual report

    「As a result, the equity ratio was 70.2% (63.0% at the end of the previous consolidated fiscal year).」

    The equity ratio rose from 63.0% at the end of the previous consolidated fiscal year to 70.2%.
  7. FY2024-Q3WorsenedAnnual report

    「As a result, the equity ratio was 60.8% (63.0% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 63.0% at the end of the previous consolidated fiscal year to 60.8%.
  8. FY2024-Q2WorsenedAnnual report

    「As a result, the equity ratio was 60.1% (63.0% at the end of the previous consolidated fiscal year).」

    The equity ratio fell from 63.0% at the end of the previous consolidated fiscal year to 60.1%.
  9. FY2024-Q1MitigatedAnnual report

    「As a result, the equity ratio was 67.3% (63.0% at the end of the previous consolidated fiscal year).」

    The equity ratio rose from 63.0% at the end of the previous consolidated fiscal year to 67.3%.
  10. FY2023Disclosed the equity ratio for the first year of consolidated reportingAnnual report

    「Equity ratio (%) 63.0」

    The equity ratio of 63.0% for the first year of preparing consolidated financial statements was disclosed. No year-on-year comparison was made.
  11. FY2023-Q3WorsenedAnnual report

    「Equity ratio (%) 60.1」

    The equity ratio fell from 62.7% disclosed for the second quarter to 60.1%.
  12. FY2023-Q2MitigatedAnnual report

    「Equity ratio (%) 62.7」

    The equity ratio in the first year of consolidated reporting was 62.7%, up from 62.1% in FY2023-Q1. No year-on-year comparison was made.
  13. FY2023-Q1Disclosed the equity ratio for the first year of consolidated reportingAnnual report

    「Equity ratio (%) 62.1」

    The equity ratio was disclosed as 62.1% following the commencement of preparation of consolidated financial statements. No year-on-year comparison was made.
  14. FY2022-Q3MitigatedAnnual report

    「As a result, the equity ratio was 60.3% (54.8% at the end of the previous fiscal year).」

    The equity ratio rose from 54.8% at the end of the previous fiscal year to 60.3%.
  15. FY2022-Q2MitigatedAnnual report

    「As a result, the equity ratio was 57.9% (54.8% at the end of the previous fiscal year).」

    The equity ratio rose from 54.8% at the end of the previous fiscal year to 57.9%.
  16. FY2022-Q1MitigatedAnnual report

    「As a result, the equity ratio was 59.2% (54.8% at the end of the previous fiscal year).」

    The equity ratio rose from 54.8% at the end of the previous fiscal year to 59.2%.
  17. FY2021WorsenedAnnual report

    「As a result, the equity ratio was 54.8% (63.0% at the previous year-end).」

    The equity ratio fell from 63.0% at the previous year-end to 54.8%.
  18. FY2021-Q3WorsenedAnnual report

    「As a result, the equity ratio was 50.4% (63.0% at the end of the previous fiscal year).」

    The equity ratio fell from 63.0% at the end of the previous fiscal year to 50.4%.
  19. FY2021-Q2WorsenedAnnual report

    「As a result, the equity ratio was 54.8% (63.0% at the end of the previous fiscal year).」

    The equity ratio fell from 63.0% at the end of the previous fiscal year to 54.8%.
  20. FY2021-Q1MitigatedAnnual report

    「As a result, the equity ratio was 63.4% (63.0% at the end of the previous fiscal year).」

    The equity ratio rose from 63.0% at the end of the previous fiscal year to 63.4%, improving.
  21. FY2020WorsenedAnnual report

    「As a result, the equity ratio was 63.0% (66.2% at the previous year-end).」

    The equity ratio fell from 66.2% at the previous year-end to 63.0%. This was disclosed together with a ¥209 million increase in treasury shares and an increase in liabilities.
  22. FY2020-Q3WorsenedAnnual report

    「As a result, the equity ratio was 52.7% (66.2% at the end of the previous fiscal year).」

    The equity ratio fell from 66.2% at the end of the previous fiscal year to 52.7%. This was disclosed together with an increase in treasury shares resulting from the acquisition of treasury shares and an increase in liabilities.
  23. FY2020-Q2WorsenedAnnual report

    「As a result, the equity ratio was 65.0% (66.2% at the end of the previous fiscal year).」

    The equity ratio fell from 66.2% at the end of the previous fiscal year to 65.0%.
  24. FY2020-Q1MitigatedAnnual report

    「As a result, the equity ratio was 67.7% (66.2% at the end of the previous fiscal year).」

    The equity ratio rose from 66.2% at the end of the previous fiscal year to 67.7%, improving.
  25. FY2019WorsenedAnnual report

    「As a result, the equity ratio was 66.2% (68.3% at the previous year-end).」

    The equity ratio fell from 68.3% at the previous year-end to 66.2%, deteriorating from the previous year-end.
  26. FY2019-Q3WorsenedAnnual report

    「As a result, the equity ratio was 67.8% (68.3% at the end of the previous fiscal year).」

    The equity ratio fell from 68.3% at the end of the previous fiscal year to 67.8%.
  27. FY2019-Q2MitigatedAnnual report

    「As a result, the equity ratio was 74.3% (68.3% at the end of the previous fiscal year).」

    The equity ratio rose from 68.3% at the end of the previous fiscal year to 74.3%, improving.
  28. FY2019-Q1MitigatedAnnual report

    「As a result, the equity ratio was 71.5%, compared with 68.3% at the end of the previous fiscal year.」

    The equity ratio rose from 68.3% at the end of the previous fiscal year to 71.5%, improving from the previous year-end.
  29. FY2018Recovered toward the end of the fiscal year, but remained below the previous year-end levelAnnual report

    「As a result, the equity ratio was 67.8%, compared with 71.3% at the end of the previous fiscal year.」

    The equity ratio recovered from 60.8% in the third quarter to 67.8% at the end of the fiscal year, but remained below the 71.3% recorded at the end of the previous fiscal year.
  30. FY2018-Q3WorsenedAnnual report

    「As a result, the equity ratio was 60.8%, compared with 71.3% at the end of the previous fiscal year.」

    The equity ratio declined from 71.3% at the end of the previous fiscal year to 60.8%, and also declined from 64.4% in the second quarter.
  31. FY2018-Q2WorsenedAnnual report

    「As a result, the equity ratio was 64.4%, compared with 71.3% at the end of the previous fiscal year.」

    The equity ratio declined from 71.3% at the end of the previous fiscal year to 64.4%, and also declined from 68.8% in the first quarter.
  32. FY2018-Q1WorsenedAnnual report

    「As a result, the equity ratio was 68.8%, compared with 71.3% at the end of the previous fiscal year.」

    The equity ratio declined from 71.3% at the end of the previous fiscal year to 68.8%.
  33. FY2017MitigatedAnnual report

    「Equity ratio (%)　68.9　71.3」

    The equity ratio increased from 58.0% in the third quarter to 71.3% at the end of the fiscal year, exceeding the 68.9% recorded at the end of the previous fiscal year.
  34. FY2017-Q3First statedAnnual report

    「As a result, the equity ratio was 58.0%, compared with 68.9% at the end of the previous fiscal year.」

    The equity ratio declined from 68.9% at the end of the previous fiscal year to 58.0% as liabilities, including short-term borrowings, increased.
Moved together

"Funding Through Short-Term Borrowings and Increase in Current Liabilities" moved the same way as this thread, in the same document, in 15 of its 35 moves.

1513111197★123456
  1. ★This thread
  2. 1Funding Through Short-Term Borrowings and Increase in Current Liabilities15×
  3. 2Higher Revenue and Profit in the Real Estate Segment13×
  4. 3Decline in Building Division Order Intake, Completed Construction Revenue, and Profit11×
  5. 4Competition for Public Works Contracts and Declining Bidder Rankings11×
  6. 5Deterioration in Operating Cash Flow and Decline in Cash Balance Due to an Increase in Trade Receivables9×
  7. 6Civil Engineering Division: Higher Orders, Revenue Growth and Return to Profitability7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Santo yet. It last moved in the Earnings of 2026-08-14: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Decline in the Equity Ratio | SANTO CORPORATION (1788) | Komori